World News

Dubai offers new 10-year visas for investors, doctors, and top students

148

The leaders of the United Arab Emirates on Sunday chaired by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, made rare sweeping changes to immigration laws for foreigners.

The system will grant investors and talents up to 10-year residency visas for specialists in medical, scientific, research and technical fields, as well as for all scientists and innovators, as well as five-year residency visas for students studying in the UAE, and 10-year visas for exceptional students.

Investors, professionals (doctors, engineers, etc) as well as their families and Grade A students will get a 10-year residency visa in the country, according to the Dubai Media Office.

Per Second News gathered that the new move will give 100% ownership of UAE-based firms for international investors.

The move was also announced in a tweet sent out from the official Twitter handle of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

“The UAE will remain a global incubator for exceptional talents and a permanent destination for international investors. Our open environment, tolerant values, infrastructure and flexible legislation are the best plan to attract global investment and exceptional talents to the UAE,” said Shaikh Mohammad.

Dubai IHG

He also directed the Ministry of Economy, in coordination with the concerned parties, to implement the resolution and follow up on its developments, and to submit a detailed study in the third quarter of this year.

The new decision will also review the current residency system to extend the residency time for the dependent students after completing their university studies.

This will give them the opportunity to study their practical options in the future.

Dubai in 2017 was ranked for the first time among the world’s most powerful cities for attracting expatriates and businesses.

In the Global Power City Index, which rates nearly 50 cities according to their “magnetism” or power to attract enterprises and human capital from around the world, Dubai was ranked the most powerful city in the Middle East and 23rd place globally, ahead of some popular destinations in the United States, Canada, Europe and Asia.

The Emirates Cabinet on Sunday also adopted the establishment of a UAE Embassy in Ivory Coast in Abidjan and the establishment of a UAE Consulate General in Zanzibar in the Republic of Tanzania.

Leave a comment

Related Articles

Oil prices jump on escalating crises in Middle East

Oil prices jumped on Friday while Asian markets tumbled, with global investors...

ECOWAS Deploys A Fact-Finding Mission To Togo

The President of the ECOWAS Commission, H.E. Omar Alieu TOURAY, has deployed...

Billionaire businesswoman gets lethal injection for embezzling $12bn

A Vietnamese court on Thursday sentenced Truong My Lan, the head of...

New York records 4.8 magnitude earthquake

The earthquake sent tremors from Philadelphia to Boston and jolting buildings in...

Nigeria’s Sen. Barau emerges acting Speaker of ECOWAS Parliament

Deputy Senate President Barau Jibrin emerged on Thursday in Abuja as acting...

Tinubu calls for direct elections into ECOWAS parliament

President Bola Tinubu, at the swearing-in of 97 members into the parliament...

Senegal: New President names opposition leader, Sonko, Prime Minister

Left-wing pan-Africanist Bassirou Diomaye Faye became Senegal’s youngest president on Tuesday, pledging...

Faye, 44, takes office as president of Senegal

The 44-year-old opposition candidate and Senegalese president-elect, Bassirou Diomaye Faye, on Tuesday...

63-year-old woman, teenage girl, two others killed in U.S. stabbing spree

A man armed with a knife went on a stabbing spree in...

Ex Guinea-Bissau President’s Son Jailed in U.S. for Drug Trafficking

Malam Bacai Sanha Jr, the son of a former president of Guinea-Bissau,...

Togo dumps presidential system for parliamentary, adopts new constitution

Togolese lawmakers adopted a new constitution on Monday, moving the West African...

U.S. state bars under-15 children from having social media accounts

Florida State Governor Ron DeSantis has signed a bill prohibiting children younger...

U.S. bridge collapses after cargo ship collision, casualties feared

The Francis Scott Key Bridge in the US city of Baltimore collapsed...

Outgoing Pres. Sall congratulates Senegal’s opposition leader Faye on presidential poll victory 

by Paul Ejime Outgoing Senegal’s President Macky Sall, on Monday congratulated opposition...

Senegal presidential poll: 44-year-old opposition leader, Bassirou Diomaye Faye, leads

Opposition leader Bassirou Diomaye Faye is leading in the early race in...

Moscow attack: Four suspects in custody, death toll hits 137

Russia has charged four men who, it says, attacked a Moscow concert...

Senegalese file out on Sunday to elect new president

Senegal’s 7.4 million registered voters came out in large numbers on Sunday...

Moscow’s terrorist attack: Death toll rises to 115

The Russian investigative committee said at least 115 people have died after...

40 killed as gunmen attack concertgoers in Moscow after US Embassy warnings

Just west of Moscow, three attackers dressed in military fatigues stormed into...

“I am now in the early stages of cancer treatment,” Kate Middleton, Princess of Wales, reveals 

After weeks of intense rumours about her health, Kate, the Princess of...