The country’s Vice President and Prime Minister and Ruler of Dubai announced the launch of THE UAE’s permanent residency scheme for expatriates, or ‘The Golden Card.’ Sheikh Mohammed bin Rashid Al Maktoum said on Twitter that the “Golden Card” will be for “ exceptional” professionals.
“We launched a new “Golden Card” system to grant permanent residency to investors and exceptional doctors, engineers, scientists and artists,” Sheikh Mohammed said.
“Residents are an indispensable part of our country,” he added.
The UAE Government Communication Office said that the The Federal Authority for Identity and Citizenship (ICA) is overseeing the scheme and will release further details soon.Some 6,800 are to benefit from this scheme in the first collection of applications.
This decision from the UAE comes shortly after Saudi Arabia’s ‘green card’ residency scheme for expats. This scheme has a similar basis and attracts wealthy and highly-qualified professionals. According to the Saudi Gazette, the fee for permit has been fixed at SAR800,000 ($213,333), local daily Saudi Gazette reported. A one-year temporary iqama will cost expats SAR100,000 ($26,666)