DUBAI: Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum on Tuesday announced a permanent residency scheme for select expats.
“We have launched a permanent residence system ‘Gold Card’ in the UAE for investors and exceptional competencies in the fields of medicine, engineering, science, and arts. The first batch of permanent residence will be given to 6800 investors whose total investments are Dh100 billion,” Sheikh Mohammed said in a tweet.
In a second Tweet, Sheikh Mohammed said that “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,” he concluded.
أطلقنا اليوم نظام الإقامة الدائمة "البطاقة الذهبية" في دولة الامارات … إقامة دائمة للمستثمرين ، وللكفاءات الاستثنائية في مجالات الطب والهندسة والعلوم وكافة الفنون .. الدفعة الأولى من مستحقي الإقامة الدائمة "البطاقة الذهبية" 6800 مستثمر تبلغ إجمالي استثماراتهم 100 مليار درهم .
— HH Sheikh Mohammed (@HHShkMohd) May 21, 2019
سيتم منح الإقامة الدائمة "البطاقة الذهبية" للمتميزين وللمواهب الاستثنائية ولكل من يساهم بإيجابية في قصة نجاح دولة الإمارات .. نريدهم شركاء دائمين معنا في مسيرتنا .. وجميع المقيمين في دولة الامارات هم إخوة لنا وجزء من أسرتنا الكبيرة في دولة الإمارات ..
— HH Sheikh Mohammed (@HHShkMohd) May 21, 2019
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 Dh100 billion worth of investments will be granted the “Golden Card.”
— HH Sheikh Mohammed (@HHShkMohd) May 21, 2019
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.
— HH Sheikh Mohammed (@HHShkMohd) May 21, 2019
According to the Dubai Ruler’s official Twitter handle, around 6,800 people with a total investment of $27.2bn (AED100bn) will benefit from the scheme under the first round of applications.