His Highness Sheikh Mohammed bin Rashid Al Maktoum Vice President of the UAE and Ruler of Dubai, took to Twitter to announce the news of the first UAE residents who have now become permanent visa-holding residents and are granted Gold Card status.
The first tweet by His Highness Sheikh Mohammed bin Rashid read, “We launched a new “Golden Card” system to grant permanent residency to investors and exceptional doctors, engineers, scientists and artists. The first batch of 6,800 investors with Dh100 billion worth of investments will be granted the “Golden Card.”
In the second tweet, His Highness Sheikh Mohammed bin Rashid said, “The permanent residency “Golden Card” will be granted to exceptional talents and everyone who positively contributes to the success story of the UAE.”
“We want them to be permanent partners in our journey. Residents are an indispensable part of our country.”
The review of the first batch of applications began in March 2019 and at that time His Highness Sheikh Mohammed bin Rashid had said that the new visa system will ensure that the UAE remains “a global incubator for talents and a permanent destination for pioneers”.
The idea of granting permanent visas was first announced in May last year.