The Israel-Hamas war has recently expanded to Lebanon and Iran, causing massive loss of human lives and economies
business10 hours ago
Investors and specialists such as doctors and engineers will receive UAE residency visas valid for up to 10 years, it was announced on Sunday. The families of these categories of expatriates will also receive the same visa validity. Top performing students are also eligible for the 10-year residency visa scheme.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, announced the decision after chairing a Cabinet meeting.
.@HHShkMohd chairs #UAE Cabinet meeting & announces decisions allowing 930 ownership of UAE-based enterprises for int'l investors, residency visas for up to 10 years for investors & professionals (doctors, engineers, etc.) and their families in addition to grade 'A' students. pic.twitter.com/hb3MSzwmnEThe aim is to make UAE an incubator for creators and a destination for investors.
- WAM News / English (@WAMNEWS_ENG) May 20, 2018
.@HHShkMohd orders concerned Gov't entities to implement decisions before the end of 2018. His Highness also orders extension of residency for students sponsored by their parents after completion of their graduate studies to allow for ample time to decide on career paths. #UAE pic.twitter.com/d3bgo6vMRV
- WAM News / English (@WAMNEWS_ENG) May 20, 2018
.@HHShkMohd: The #UAE offers an open & tolerant living environment, deeply rooted values, and excellent infrastructure. Our flexible regulations attract int'l investments & exceptional talent. #UAE will always shine as the land of opportunities. pic.twitter.com/oQ895DeHZs
- WAM News / English (@WAMNEWS_ENG) May 20, 2018
This decision will be enforced by third quarter this year .
Our open society, tolerant values, excellent infrastructure and flexible legislation offer the best environment for international investment and exceptional talent. pic.twitter.com/kdOVX02q4L
- HH Sheikh Mohammed (@HHShkMohd) May 20, 2018
Business owners upbeat in UAE
Business owners and industry experts have hailed the 10-year visa scheme.
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