Around 2,500 expats get UAE permanent residence

- Advertisement -

A total of 2,500 foreign nationals have received permanent residency in the UAE so far, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai revealed on Tuesday.

The individuals include scientists, researchers and investors.

The UAE launched the permanent residency scheme for expatriates in May.

Permanent residency will be granted to investors and “exceptional” professionals including doctors, engineers, scientists and artists, Sheikh Mohammed said at the time.

The first batch of 6,800 recipients includes expats who have made total investments of over Dhs100bn.

READ  UAE, Oman, Kuwait Ban Boeing 737 MAX Jets After Ethiopia Crash

Indian businessman M.A Yussufali, the chairman and director Lulu Group, became the first expat in the UAE to receive the gold card permanent residency in June.

Gold card holders are granted a 10-year residency visa covering them and and their families (spouse and children) without the need for a sponsor, which will be automatically renewed provided all the conditions are met.

They can freely move in and out of the country and investors can also employ three workers and obtain residence for a senior employee, advisor or manager.

READ  Dubai: Nearly 50,000 Jobs Opened In Nine Months

 

Leave a Reply

avatar
  Subscribe  
Notify of