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"Permanent residence for investors and competences" .. UAE launches the "card" t



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03:02 PM

Tuesday 21 May 2019

Cairo – (Masrawy):

Sheikh Mohammed Rashid bin Al Maktoum, Vice President of the UAE and Dubai Manager, has announced the launch of the system "permanent residence" in the UAE under the name "Gold Card".

"We have today launched the permanent residence system (the Gold Card) in the UAE … permanent residence for exceptional investors and competences in the fields of medicine, engineering, science and the arts all," says Sheikh Mohammed.

"The first batch of permanent residents (the gold card) is 6800 investors with a total investment of 100 billion territories.

"The permanent residence (Gold Card) will be awarded to distinguished individuals, exceptional talents and everyone who contributes positively to the success story of the UAE," he said.

"We want them to be permanent partners with us in our journey," he said. "All the residents in the United Arab Emirates are our brothers and part of our family in the UAE."

Last November, the United Arab Emirates Cabinet adopted a decision to grant long-term visas for 5 years or 10 years, in accordance with regulations designed to give this type of long-term residential visas to senior investors, outstanding students and researchers. noteworthy.

According to the official news agency (WAM), the terms of the decision announced in the United Arab Emirates are: t

– visa renewed for 10 years for each investor with a value of not less than 10 million dirhams (2.7 million dollars).

– five-year residence visa for the real estate investor for AED 5 million ($ 1.3 million).

– 5-year residence visa for entrepreneurs with projects worth 500,000 territories (136 thousand dollars).

– 5-year residence visa for students and their families of secondary school graduates and universities inside and outside the United Arab Emirates with a degree of excellence.

– ten-year residency visa for specialist talent, researchers in the fields of science and knowledge from doctors, experts, scientists, inventors, and creators in the field of culture and art.

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