Aiming to attract investors and specialists, UAE has decided to offer UAE residency visas valid for up to 10 years. Besides, top performing students are also eligible for the 10-year residency visa scheme.
The Cabinet, chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, adopted the new system of entry visas at a high-level meeting. The decision is in line with the countrys position as a primary destination for international investors and global talents, the official WAM news agency reported.
According to a report, ‘The UAE will remain a global incubator for exceptional talents and a permanent destination for international investors. Our open environment, tolerant values, infrastructure and flexible legislation are the best plan to attract global investment and exceptional talents’.
Ministry of Economy has been directed 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.