Topics Covered: Effect of policies and politics of developed and developing countries on India’s interests, Indian diaspora.
UAE to widen ‘golden’ visa’s eligibility criteria:
Context:
The United Arab Emirates will extend its “golden” visa system to certain professionals, specialised degree-holders and others.
Background:
After first announcing a long-term visa plan in 2018, the UAE in 2019 started granting 5- and 10-year renewable visas to certain foreign investors, entrepreneurs, chief executives, scientists and outstanding students.
About the ‘Golden Card’ Permanent Residency Scheme:
The United Arab Emirates (UAE) had launched this Scheme to woo wealthy individuals and exceptional talents from all over the world.
The “Golden Card” visa includes categories:
- General investors who will be granted a 10 year permanent residency visas .
- Real Estate Investors, who can get a visa for 5 year visa.
- Entrepreneurs and Talented Professionals like doctors, researchers and innovators can get 10 years visa.
- ‘Outstanding students’. These will also be permitted 5 years permanent residency visas.
Sources: the Hindu.
