The United Arab Emirates (UAE) launched the new visa ‘Golden Card’ Permanent Residency Scheme in an attempt to chase wealthy individuals and exceptional talents from all over the globe.
The “Golden Card” program was unveiled by UAE Prime Minister Sheikh Mohammed bin Rashid Al-Maktoum (who is also Dubai’s ruler).
The UAE's Golden Card is UAE’s way to welcome all those seeking to be a part of the UAE’s success story and making it a second home. It is open to investors and ‘exceptional talents’ like scientists, engineers, doctors, students, and artists.
The “Golden Card” is introduced keeping in mind that Residents are an indispensable part of the country and thus will be permanent partners in UAE’s journey.
Expatriates in the UAE are usually given limited duration residence permits under a sponsorship system.
General investors who will be granted a 10-year permanent residency visa.
Real Estate Investors, who can get a visa for a 5-year visa.
Entrepreneurs and Talented Professionals like doctors, researchers and innovators can get 10 years visa.
The fifth category is ‘outstanding students’. These will also be permitted 5 years permanent residency visas.
All mentioned categories of visas can be renewed upon expiry.