Great News! UAE launches 10-year residency visas for investors, specialists & exceptional students

Investors and specialists such as doctors and engineers will receive UAE residency visas valid for up to 10 years, it was announced on Sunday.

The families of these categories of expatriates will also receive the same visa validity. Top performing students are also eligible for the 10-year residency visa scheme. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, announced the decision after chairing a Cabinet meeting. 10-year residency visas; 100% foreign ownership Taking to Twitter, Sheikh Mohammed also said global investors can have 100 per cent ownership of their companies in the country.
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, entrepreneurs and innovators as well as five-year residency visas for students studying in the UAE, and 10-year visas for exceptional students.

.@HHShkMohd chairs #UAE Cabinet meeting & announces decisions allowing 100% ownership of UAE-based enterprises for int’l investors, residency visas for up to 10 years for investors & professionals (doctors, engineers, etc.) and their families in addition to grade ‘A’ students. pic.twitter.com/hb3MSzwmnE

— WAM News / English (@WAMNEWS_ENG) May 20, 2018

.@HHShkMohd orders concerned Gov’t entities to implement decisions before the end of 2018. His Highness also orders extension of residency for students sponsored by their parents after completion of their graduate studies to allow for ample time to decide on career paths. #UAE pic.twitter.com/d3bgo6vMRV

— WAM News / English (@WAMNEWS_ENG) May 20, 2018

.@HHShkMohd: The #UAE offers an open & tolerant living environment, deeply rooted values, and excellent infrastructure. Our flexible regulations attract int’l investments & exceptional talent… #UAE will always shine as the land of opportunities. pic.twitter.com/oQ895DeHZs

— WAM News / English (@WAMNEWS_ENG) May 20, 2018

This decision will be enforced by third quarter this year .
Our open society, tolerant values, excellent infrastructure and flexible legislation offer the best environment for international investment and exceptional talent. pic.twitter.com/kdOVX02q4L

— HH Sheikh Mohammed (@HHShkMohd) May 20, 2018

Culled From Khaleej Times.