400 UAE investors granted gold card permanent residency

Four hundred expats have so far been granted the gold card residency visas in the UAE, as the local authorities plan to issue a further 6,400 gold card visas by the end of the year. This was announced during a press conference to explain the new Gold Card visa process, which started on May 21 this year, and applies to investors and talented individuals. The 6,800 identified as eligible in the first year of this initiative are from 70 countries and can make a combined investment estimated at AED100 billion ($27bn). Major General Mohammad Al Marri, director-general of GDRFA, clarified t...