UAE, Saudi Arabia launch new Green Card systems
Date
5/22/2019 8:11:12 PM
(MENAFN- Brazil-Arab News Agency (ANBA)) From the Newsroom
São Paulo – The governments of the United Arab Emirates and Saudi Arabia have just launched permanent residency programs for non-nationals along the lines of the United States' Green Card. Both countries are home to major expatriate contingents – in the UAE they even outnumber the natives.
The UAE's Golden Card program was announced on Tuesday (21). Emirates News Agency ( WAM ) reported that investors, entrepreneurs, specialized talents, researchers and outstanding students can apply.
Abu Dhabi newspaper The National reported that non-nationals in the UAE get renewable visas valid for two or three years, often in connection with their jobs. The new program ensures permanent residence to the person entitled, their spouse and children.
"It is a permanent residency for investors and for exceptional workers in the fields of health, engineering, science and art,' The National quoted UAE vice president and prime minister and Dubai ruler Mohammed Bin Rashid Al-Maktoum as saying.
There are 6,800 people from 70 different countries living in Dubai that fit the bill, according to WAM.
The UAE government believes the Golden Card will help bring in foreign investment and drive the economy. Investments made by expatriates who fit the profile for permanent residency amount to a combined AED 100 billion, or USD 27.2 billion.
'Throughout history, the UAE opened its door to millions of people looking for 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..
Iqama
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