UAE, Dubai just launched a Gold Card for Permanent residence Visa. Even if the conditions are not published yet this is positive news for the UAE economy.
Usually, expats have their own savings scheme and assets abroad and were only coming to UAE for a short period of maximum 2 to 3 years to make money and back to their home country.
The new permanent visa is intended to generate foreign investment and encourage entrepreneurship, as well as to attract top engineers, scientists and students, who were coming to the UAE for a short term period, will allow them to make UAE as a second home and project to stay long term.
This will impulse and strengthen the Dubai and UAE economy as well as the real estate market which has suffered an oversupply during the lasts years, with this law, there is an incentive for people to live in UAE and facilitate the decision to buy a house or an apartment.
If you are an entrepreneur and want to be the first to know the new Gold Card Permanent Visa scheme, please contact us!
Advicepro, through its years of experience setting up ventures in UAE, will help you familiarize with the business environment of the country.
