UAE introduces permanent residence scheme

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His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, 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.

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