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UNITED ARAB EMIRATES – Permanent Residency "Golden Card" Introduced

The UAE has started issuing a new permanent residency "Golden Card" to qualifying investors, exceptional talents in the field of science and knowledge such as doctors, specialists, scientists, inventors, and creative individuals in the field of culture and art. No sponsor in the UAE is required, and Golden Card holders, along with their spouse and children, will be able to live in the UAE permanently.

Who Qualifies?

Investors

  • Must have 100 Billion Dirhams worth of investment in the UAE;
  • Listed/ranked as one of the billionaires in an international magazines/publications.

Scientists

Must be accredited by the Emirates Scientists Council or holders of the Mohammed Bin Rashid Medal for Scientific Excellence.

Creative Individuals in Culture and Art

Must be accredited by the Ministry of Culture and Knowledge Development.

Inventors

Must obtain a patent of value, which adds to the UAE’s economy. Patents must be approved by the Ministry of Economy.

Exceptional Talents

Must be documented by patents or a scientific research published in a world-class journal.

Executives

Must be owners of a leading and internationally-recognised company, or holders of a high academic achievement and position.

Doctors and Specialists

Must meet at least two of the following conditions:

  • A Ph. D. degree from one of the top 500 universities in the world (refer to ICA for information);
  • An award or certificates of appreciation in the field of the applicant’s work;
  • Contribution to a major scientific research in the respective field of work;
  • Published articles or scientific books in distinguished publications in the respective field of work;
  • Membership in an organisation related to the field;
  • A PhD, in addition to a 10-year professional experience in their field;
  • Specialisation in areas of priority to the UAE.

Action Items

  • Executives and others who may benefit from the new permanent residency are advised to contact their immigration specialist for the latest information.

This news alert was prepared using information provided by Sesam Business Consultants.

DISCLAIMER: The information contained in this immigration alert has been abridged from laws, court decisions, and administrative rulings and should not be construed or relied upon as legal advice. If you have specific questions regarding the applicability of this information, please contact Peregrine © 2019 Peregrine Immigration Management Ltd.