Golden Card: 6,800 Foreign Investors Granted Permanent Residency in the UAE
6,800 foreigners who have invested a combined 100 billion dirhams ($27 billion) in the United Arab Emirates (UAE) have been granted permanent residences under a new program dubbed “Golden Card.”
This was announced by UAE Prime Minister Sheikh Mohammed Bin Rashid Al Maktoum in a tweet on Tuesday.
Maktoum said the residencies were issued to people with “exceptional skills” in medicine.
He also noted that people with skills in engineering, science, and arts are also eligible for residences under the program.
It is not clear how the "Golden Card" differs from another program announced last year where immigrants were given long-term visas that are to be renewed on expiry.
For long, Gulf nations have refused to issue permanent residences to expats to protect the privileges enjoyed by their citizens but that appears to be changing.
Earlier this month, Saudi Arabia approved a program that allows some foreigners to permanent residency. Qatar has also passed a law providing for the same.
The change is linked to the 2014 slump in oil prices, and to prepare their economies for a post-fossil fuel world, they have been forced to lure super rich expats to stay.
Comments (7)
Another brain drain modern slavery of pple investing in foreign land instead of investing in their countries but it's upto them coz it's their cash?The same with greencards/permanent residency in the western world when we see many having moved there but have refused to go back invest n bring change to their respective countries n yet they keep yapping n blaming their gavaments failures yet wao wamekatalia kwa wenyewe instead of returning to offer their experiences.I love the way Japanese n jews started to invest in their countries n later majority of them moved back to make sure their countries r the best in the world today.But mainly we the Africans wr the biggest complainers of our countries failures n we do nothing to improve our areas we came from.Haters can start to hate me as usual for saying so.
Hater no.1 of nonsensical, unsolicited advise. Don't you read/see news of how much Kenyans send back home, you want diasporans to ship in development on aeroplanes and meri? Jealousy and need to feel good while putting others down is what drives you.
Pilipili usioila yakuasha nini? I know she refused to come back to Kenya when you got deported, is that reason to hate all Kenyans for years? Trash bin taka
@JustMe, hahahaha. I guess mystery solved which explains the bitterness. Happy people ooze out positivity, contentment and high spirits. Goes to show having money in the pocket does not equal happiness in life. I would hope he would work it out with her instead of spewing hate in abundance on Mwakilishi because that only gets her even more scared!
You are so full of yourself Mr deported, above all what Uhuru Gov is doing hes so proud to say how much much Diaspora remit back home.You were here but i guess you learnt nothing and you were busy drinking. Do you have a clue how many small companies diaspora people have started back home, how many Tv and Radio station they have opened Kameme been one which paved away for so many little stations, or you want diaspora people to come and wipe your ass and be serving you as you sleep so you can be happy. Swallow a chill pill and grow up, and before you up something do your due diligence.
Interesting that being a Muslim is not a requirement .Or is the devil in details.It has to be...
I cannot imagine these sheikhs allowing a liberal American from Vargas creating a multimillion playboy casino there.
At least they are visionary .Days of massive petrodollars are behind them.
Interesting that being a Muslim is not a requirement .Or is the devil in details.It has to be...
I cannot imagine these sheikhs allowing a liberal American from Vargas creating a multimillion playboy casino there.
At least they are visionary .Days of massive petrodollars are behind them.
@Wambui if ur still in diaspora u remain a slave to that country whether u have diploma or phd n that country will never b yr home.N for yr bitter truth i come in usa kama choo anytime i feel like or i need to do continue vomiting empty manenos.You don't have to agree on my statements here on mwakilishi coz myself too i don't n majority's if the time is i read it i pass sometime i comment n i will want to teach u instead of calling me names which i don't actually give a F,learn how to read or pass or comment both positive or negative.For me i don't care if am calling names juu they don't stick n am happy an free from diaspora bondage which i was for 8 years n am proud that i freed myself n i will continue talking to many who think diaspora is heaven to invest home come back n free themselves from modern slavery bondage.Peace