Dubai – Masaader News
Foreign investors, businessmen and individuals with “exceptional talents and skills” can apply for the 10-year Gold Card residency scheme as long as they meet the requirements set by the government, the General Directorate of Residency and Foreigners Affairs (GDRFA) announced, according to Khaleej Times.
The prospective investor must meet any of these requirements:
(1) Make a deposit of not less than Dh10 million in an investment fund in the UAE;
(2) Establish a company with a capital of Dh10 million or be a partner in a company with a capital of not less than Dh10 million. The total share in the partnership should not be less than 60 per cent of total company capital. Foreigners can also in a real estate with a property value of not less than Dh5 million.
The long-term visa holders can remain outside the country for as long as they wish. “They can freely come in and out of the country at their will. They are exempted from the rule which states that residents cannot be outside the UAE for more than six consecutive months,” Major-General Mohammed Al Marri, director-general of the GDRFA-Dubai, said.