Permanent Residency in UAE ‘GOLDEN VISA’ UAE GOLDEN VISA
In 2019, the Government of UAE has introduced a new system of permanent residency for Investors, Entrepreneurs and Professional Talent in UAE called ‘Long-Term Residence Visa’. The new system enables foreign nationals to live, work & study in the UAE without the need for sponsorship of UAE nationals. The foreigners now can have 100% ownership of their business on the mainland in the UAE. The term of these visas will be for 5 & 10 years and will be renewed automatically.
The purpose of this new law is to issue long-term residency visas to foreigners who are willing to invest and add value to the UAE economy. However, be aware that immigration rules & laws are getting changed frequently to provide the best opportunity for foreigners to travel and stay in the UAE. So make sure to check with official government portals or your PRO services company in Dubai, UAE to keep up to date about the latest UAE permanent residency regulations, requirements and eligibility. The permanent residency will also be extended to the spouse and children of the golden visa cardholder.
The Golden Visa comes with fresh opportunities for those who own it. This UAE residence visa is huge step towards those who are passionate to become the part of success of UAE and consider this country as their second home. The golden visa will attract more talented individuals in UAE making it competitive economy on a global scale.