UAE Citizenship by Investment Programme: An Opportunity
The much-awaited headlines are music to the ears of residents and investors in UAE.
Citizenship to Expats
The UAE Citizenship by Investment program will permit the eligible investors and people with special talents to be naturalized along with their families, have UAE citizenship (along with the citizenship of their country of origin), and call it their home.
Notably, this new development is part of a series of foreigner-friendly reforms in the UAE’s domestic policy on cohabitation plus liberalized non-conforming purchasing ability on hard beverages. To top it all, 100% ownership in businesses. These ground-breaking reforms are intended to attract investors and special talents to the country and contribute to the growth of the economy.
Investors across the country have welcomed this change with much enthusiasm. With optimism at its highest, the move significantly impacts the economy and attracts investments into the country. Since this promising amendment extensively covers the investors and talented individuals along with their families, foreign expats are elated by the fact that the benefits will translate into generations — making the UAE the first home for millions.
Who will benefit?
In order to ensure that this new development translates into practical growth in the economy, the UAE cabinet, executive councils, and local courts will nominate the eligible candidates for citizenship. These entities will be responsible for choosing the nominees and there will be no need for submitting any applications to the government.
The nominees for UAE citizenship will be:
- Investors with owned property in the UAE.
- Doctors, scientists, and engineers with 10+ years of experience.
- Artists and intellectuals with an internationally recognized award.
- Inventors with at least one certified patent within the UAE.
The eligible nominees will be allowed to include their partner and dependent children in the program.
Read More… UAE Citizenship by investment programme.
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