BR Shetty

'Golden Card' permanent residency scheme from the UAE Government

Thousands of foreign investors and residents have been identified for a "golden card" permanent residency scheme, Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, announced on Tuesday. Sheikh Mohammed said the current investments of the 6,800 selected investors and residents are worth an estimated Dh100 billion. The new permanent visa will generate foreign investment, encourage entrepreneurship, and attract top engineers, scientists and students.