UAE has always remained an important country for foreign residents and tourists. Hundreds of thousands of foreigners are residing in different parts (especially Dubai, Abu Dhabi and Sharjah) of UAE while millions visit every year for entertainment, medical, business and other purposes. UAE has long being seen as a business hub and investors are always ready to search for new opportunities in its different emirates. In recent years, UAE has also taken various steps to attract talented persons in various fields. A latest decision by the cabinet of UAE will further boost this initiative of the regime.
According to details, the UAE cabinet has approved a new system that will enable the foreign investors and professionals in various fields to remain in the country for a decade without any problem. This will be made possible as these investors, professionals and talented students will get a 10-year residence visa on their arrival in the country.
The decision was taken by the cabinet chaired by UAE’s PM and Vice President and ruler of Dubai, Shaikh Mohammad bin Rashid Al Maktoum while several higher ministers were also part of this meeting. It was decided in the meeting that 100% ownership of businesses will be provided to foreign investors while residency visas of 10 years will be given to foreign investors, scientists, innovators, specialists (in scientific, medical, technical and research fields) and exceptional students. Apart from that, minimum 5 years residence visas will be available to all students studying in the UAE.
The cabinet also instructed the respective ministries to review the process for extending residency permits for university students in case they are sponsored by their parents after completion of their studies. After this decision, Shaikh Mohammad expressed his confidence that UAE will remain open for foreigners and will welcome investors and talented persons from all over the globe.
This latest decision shows the commitment of the rulers of UAE to make their country a hub for investors, professionals of various fields and talented students. As UAE is known as one of the most secure and modern countries that provides best facilities to its citizens and residents. Therefore, investors and professionals from different parts of world will be glad to take this special opportunity to get residence for a longer period in one of the most modern and sophisticated countries in the world.
If you are an investor, professional or student and want to take advantage of this lucrative opportunity, they you can easily do so by contacting us via our WhatsApp # 971-56-9971225 or email address [email protected] We at Riz & Mona Consultancy are specialists in providing visa services and trade license in Dubai and other emirates of UAE.