Golden Card: Permanent Residency for UAE Expats
The ‘Golden Card’ is one of the most searched terms on google, ever since the UAE government announced the scheme. The permanent residency scheme is something interesting that has garnered attention of people from across the globe. The programme, which is open to investors and “exceptional talents” such as doctors, engineers, scientists, students and artists, was unveiled by UAE Prime Minister Sheikh Mohammed bin Rashid Al-Maktoum.
“Throughout history, the UAE opened its door to millions of people looking to pursue their dreams and better their lives. The Golden Card is our way to welcome all those seeking to be a part of the UAE’s success story and making it a second home,” said Sheikh Mohammed bin Rashid.
The first group to avail the scheme consists of 6,800 investors from 70 countries. Their investments total 100 billion dirhams (USD 27 billion). These golden card holders and their families are promised of unprecedented benefits and it also offers high level of security.
UAE wants these exceptional talents to be permanent partners going hand in hand with the country in its journey. “All residents in the UAE are our brothers and part of our great family in the UAE,” said Sheikh Mohammed bin Rashid.
The expected positive outcomes of the recent initiative are greater foreign investment which will stimulate the local economy and increased competitiveness that will reaffirm the country’s position as a global incubator.
UAE has always been known as an expat-friendly country that has extended its arms to countless expats aspiring to establish their base here. The Golden card is yet another move by the government to embrace people who look forward to being a part of UAE.