UAE new 10 year extended residency visas for international investors and high-skilled workers

Mohammed bin Rashid chairs Cabinet meeting, approves new long-term visa for int’l investors & professional talent

cabinet-meeting-dubaiHis Highness directed the Ministry of Economy in coordination with the concerned parties to implement the resolution and follow up on its developments, and to submit a detailed study in the third quarter of this year. The new visa system will increase the chances of attracting investors and competencies to the UAE and thus increase the country’s economic competitiveness globally. The global investors’ ownership is expected to reach 100% by the end of the year. The system will grant investors and talents up to 10-year residency visas for specialists in medical, scientific, research and technical fields, as well as for all scientists and innovators, as well as five-year residency visas for students studying in the UAE, and 10-year visas for exceptional students.

The new decision will also review the current residency system to extend the residency time for the dependent students after completing their university studies. This will give them the opportunity to study their practical options in the future.

 

 

The UAE Cabinet meeting on Sunday.

The UAE cabinet decided to allow 100% foreign ownership of companies in UAE, with a 10 year visa for investors, scientists, doctors, engineers, entrepreneurs and innovators.

The move was initially announced in a tweet sent out from the official Twitter handle of Shaikh Mohammad.

 

The UAE has approved a new long-term visa system aimed at attracting international investors and high-skilled professional workers. In a major announcement, the UAE cabinet also approved 100% foreign ownership of companies in the country, which has previously been limited to those companies based in freezones.

The new visa system will increase the chances of attracting investors and competencies to the UAE

Posted on May 21, 2018 in Dubai news, UAE News

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