UAE launchs permanent residency system “Golden Card”

The Prime Minister of United Arab Emirates (UAE), Sheikh Mohammed bin Rashid Al-Maktoum has launched the permanent residency system “Golden Card” for expats investors, entrepreneurs, specialized talents and researchers to be a part of the UAE’s success story. The move is expected to attract more Indian professionals and businessmen to the Gulf nation. The new permanent visa will generate foreign investment, encourage entrepreneurship, and attract top engineers, scientists and students. The Golden Card offers unprecedented benefits to the cardholders and their families while creating an attractive environment for business and growth. It will also increase the UAE’s competitiveness and reaffirms the country’s position as a global incubator. The benefits of the permanent residency also include the spouse and children of the cardholder to ensure cohesive social ties. The new permanent residency initiative has identified the first 6,800 qualified expats from over 70 countries, to benefit from the Golden Card scheme’s unprecedented benefits.