The UAE Cabinet on Monday approved the regulatory framework for the issuance of long-term residence permits to investors, entrepreneurs and innovators.
"The UAE's residency departments will start receiving applications. The UAE has always embraced talent, and it will continue to," the Dubai Media Office said in a tweet.
The move follows the UAE government granting the first batch of long-term visas to the winners and finalists of the Mohammed bin Rashid Medal for Scientific Distinction.
In November, the UAE Cabinet issued a decision to adopt a new lomg-term system of entry visas for investors and professional talents.
The system will grant investors and talents up to 10-year residency visas for specialists in medical, scientific, research and technical fields, as well as for all scientists and innovators, as well as five-year residency visas for students studying in the UAE, and 10-year visas for exceptional students.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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