The move indicates further opening in a country where 80 per cent of the population is made up of foreign expatriates, some of whom have lived in the UAE for decades.
Thursday 27, June 2019
The UAE said that foreign executive directors will be eligible for long-term residency permits if they earn a monthly salary of AED 30,000 ($8,200), a move that is aimed at easing regulations to ensure sustained growth in the economy, reported Bloomberg.
According to the Federal Authority for Identity and Citizenship, applicants will also need a bachelor’s degree and no less than five years of work experience to apply for a 10-year residency visa.
Executive directors seeking the visa would need to present a valid work contract and must show health insurance for himself and dependents during that entire visa period.
The offer is being made under the Golden Card programme that was announced earlier this year, which restricts the total number of 10-year visas for 2019 at 6,800.