The UAE has introduced a six-month multiple-entry interim visa for non-UAE residents seeking long-term investment visa in the country. The new system enables foreigners to live, work and study in the UAE without the need of a national sponsor and with 100 per cent ownership of their business on the UAE’s mainland.
These visas will be issued for 5 or 10 years and will be renewed automatically.
Those eligible for the long-term visa and currently residing in the UAE can transfer their existing residency permits to investor visa if they fulfil conditions.
Investors, experts and talented students who are eligible for the long term visa – ranging from five to ten years – under the Cabinet Decree No. (56) of 2018 can avail of the interim visa to “identify opportunities in their field and make appropriate decisions for them and families”.
The Gold Card will be granted to qualifying investors, entrepreneurs, professional talents, researchers in various fields of science and knowledge, and outstanding students.
It is a new initiative will attract greater foreign investment and stimulate the local economy, making it more efficient and attractive for investors. It will also increase the UAE’s competitiveness and reaffirms the country’s position as a global incubator.
Gold Card visa holders can be out of the country for longer than six consecutive months.
How to apply: UAE-based individuals can apply at any immigration office or accredited offices. Non-UAE-based individuals can acquire the documents from ica.gov.ae