The United Arab Emirates (UAE) has introduced a permanent residency scheme for foreigners.
The country’s Vice President, Prime Minister and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum announced the scheme called the ‘Golden Card’.
Sheikh Muhammad shared the program’s details in a series of tweets.
Under the Golden Card System, permanent residency will be granted to the investors and ‘exceptional’ doctors, scientists, engineers, and artists. In the first batch, around 6,800 individuals who invested Dh100 billion will be given the Golden Card.
“We want them to be permanent partners going hand in hand with us in our journey. All residents in the UAE are our brothers and part of our great family in the UAE,” said Al Maktoum.
The Federal Authority for Identity and Citizenship (ICA) will be in charge of the scheme and would announce further details in a few days.
Only a week ago, the UAE rolled out a six-month multiple-entry interim visa for non-UAE residents that wanted a long term investment visa.