Recipients of the Golden Card scheme with officials in Dubai.
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has announced a permanent residency system called the “Golden Card” for expatriates in the UAE.
Sheikh Mohammed took to Twitter and said, “We launched a new ‘Golden Card’ system to grant permanent residency to investors and exceptional doctors, engineers, scientists and artists. The first batch of 6,800 investors with Dhs100 billion worth of investments will be granted the ‘Golden Card.’
“The permanent residency “Golden Card” will be granted to exceptional talents and everyone who positively contributes to the success story of the UAE. We want them to be permanent partners in our journey. Residents are an indispensable part of our country.”
In line with the directives of Sheikh Mohammed, the General Directorate of Residency and Foreigners Affairs in Dubai has already stated the process of issuing permanent residency.
Dubai has already begun to issue permanent residence to a number of its clients as of today
In a statement on the launch of the permanent residence system " Golden Card" in the United Arab Emirates, Major General Mohammed Al Marri, General Manager of Dubai Properties said, "This step reinforces the positive role of the country, which is to consolidate its position on the economic map in the world.”
The GDRFA Dubai shared photographs of two prominent people receiving the permanent residency.
Foreigners account for 90 per cent of the population of around nine million in the UAE, the Arab world's second-largest economy which has seen rapid development in recent years.
Recently, the Federal Authority for Identity and Citizenship (ICA) received about 6000 applications during the first week since its announcement of the long-term visa system.
The bulk of the applications came from investors and entrepreneurs, it said.
The Federal Authority for Identity and Citizenship revealed that it received about 6,000 applications from investors and entrepreneurs during the first week of its announcement to start receiving long-term residency applications for these categories pursuant to the Cabinet Decree No. (56) of 2018 stipulating the provision of residency facilities for the persons who meet the conditions set out in each category and for their family members.
ICA announced that details can sought by applicants from its website, which can be accessed through the public page and without the need to create an account with a user name and password.
The event, organised by the UAE Space Agency, is the largest gathering of global space industry leaders in the Middle East and North Africa.
The fees for the 10-year residence will be Dhs1,150 for investors operating in general investments or senior employees working for the investor.
In a tweet, His Highness said, "Today I reviewed the comprehensive evaluation report of services in 600 government centers.We had promised to announce the five best and worst centres."
Their Highnesses the Members of the Supreme Council, the Rulers of the Emirates have conveyed their sincere greetings on Eid Al Adha to President His Highness Sheikh Khalifa Bin Zayed Al Nahyan, wishing him good health and further prosperity and glory to UAE people.
The rapidly changing global communications landscape reinforces the need to create an enabling environment to develop and maintain effective government communication as it influences the reputation of governments and organisations in the international arena, said Chairman of Sharjah Media Council (SMC) Sheikh Sultan Bin Ahmed Al Qasimi.
The debut Mohammed Bin Rashid Al Maktoum Tolerance Award was presented to three individuals from different parts of the world recognising their outstanding efforts in strengthening the cause of humanitarianism at a glittering ceremony held in Dubai on Wednesday.
UAE residents and tourists have opportunities to learn about Indonesian history and culture as the Sharjah Institute for Heritage (SIH) opened the doors of the decades-old Bait Sheikh Sultan Bin Saqer Al Qasimi Al Gharbi House in Rolla on Tuesday evening for the “Republic of Indonesia Heritage Week.”