The UAE cabinet has begun the implementation of 100% foreign ownership and 10-year residency visas for expats, investors and businesspeople.
Outstanding students will also be eligible for a long-term visa as part of the changes, in order to encourage them to settle in the UAE following the completion of their education.
Investors will be eligible for a five or 10-year residency visa depending on the size of their investment in the UAE. The investor’s spouse, children, one executive director and one adviser will also be able to obtain long-term visas.
Arabian Business' Shruthi Nair breaks down the new 10 year residency visa rule in this visual explainer.
(Source: Arabianbusiness.com YouTube channel)