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The UAE grants a 10-year residency visa to investors. Expats now have the opportunity to apply for a decade-long Gold Card.
This initiative aligns with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, to establish the country as a leading hub for global investors.
Holders of long-term visas are allowed to stay outside the UAE for indefinite periods. "They may enter and exit the country at will, without being subject to the six-month absence rule," stated Major-General Mohammed Al Marri, Director-General of the GDRFA-Dubai.
Eligibility criteria for obtaining a 10-year visa:
At least one of the following conditions must be met:
A deposit of Dh10 million in an investment fund within the UAE.
Ownership of a company with Dh10 million in capital or partnership in a firm with a share worth Dh10m.
Property or assets of equivalent value.
UAE-based Indian business magnate and LuLu Group Chairman, Mr. M.A. Yusuff Ali, was the first expatriate to secure the prestigious UAE Gold Card residency.
Recently, Mr. Shamlal Ahmed, Managing Director of Malabar Gold & Diamonds, and Dr. P.A. Ibrahim Haji, Co-Chairman of Malabar Group and Chairman of PACE Group, received their Gold Cards. Fast Capital proudly assisted them in securing their 10-year residency.
Non-residents can also apply for a 10-year UAE visa
Investors, entrepreneurs, and individuals with "exceptional talent and expertise" may qualify for the UAE’s 10-year Gold Card residency, provided they meet the criteria established by the government, the General Directorate of Residency and Foreigners Affairs (GDRFA) announced on Tuesday.
Seeking expert guidance for business setup in the UAE? Reach out to us. Our skilled consultants will assist in registering your business and ensuring smooth operations.
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