Thousands of Foreign Investors Granted ‘Permanent’ Residency in U.A.E.
- Dubai’s ruler announced the new residencies on Twitter
- U.A.E. last year agreed 5 and 10-year visas for wealthy
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The United Arab Emirates said it had launched a “Golden Card” permanent residency program, granting 6,800 permits to foreigners who together had invested 100 billion dirhams ($27 billion).
While the residencies announced on Tuesday were given to investors, people with “exceptional skills” in medicine, engineering, science and arts can also be eligible, Prime Minister Sheikh Mohammed Bin Rashid Al Maktoum said on Twitter.