Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Hospitality & Travel

UAE to grant citizenship to select foreigners, lists conditions to be met

Chike Olisah by Chike Olisah
January 30, 2021
in Hospitality & Travel, Spotlight
UAE offers 10-year residence visas to doctors, engineers, top graduates
Share on FacebookShare on TwitterShare on Linkedin

The United Arab Emirates (UAE) has announced the adoption of amendments that would allow the Gulf state to offer citizenship to a select group of foreigners.

In a policy that is the first among the Gulf Arab nations, it plans to grant citizenship to investors and other professionals including scientists, doctors and their families, in order to formalize a process aimed at giving expatriates a bigger stake in the economy.

This disclosure was made by Dubai’s ruler and UAE Vice President, Sheik Mohammed bin Rashid Al Maktoum, in a series of tweet posts on his official Twitter handle on Saturday, January 30, 2021.

RelatedPosts

Top 5 reasons why you should consider France for your studies

African airlines to lose $700 million in 2022 due to inflation, others – IATA

According to details of the policy which was published on state news agency (WAM), the major policy shift is aimed at attracting talent to the UAE in a way that will boost growth.

READ: UK imposes travel ban on UAE, others over surge in Covid-19 infections

What the UAE Vice President is saying

Mohammed Bin Rashid Al Maktoum, in his tweet posts, said, “We adopted law amendments that allow granting the UAE citizenship to investors, specialized talents & professionals including scientists, doctors, engineers, artists, authors and their families. The new directives aim to attract talents that contribute to our development journey.

“The UAE cabinet, local Emir courts and executive councils will nominate those eligible for the citizenship under clear criteria set for each category. The law allows receivers of the UAE passport to keep their existing citizenship.”

It was however unclear if the new passport holders would benefit from the public welfare system.

READ: UAE offers 10-year residence visas to doctors, engineers, top graduates

In a statement on UAE’s news agency website, the conditions that must be met to secure the citizenship include:

  • Investors are required to own a property in the UAE.
  • They are also required to obtain one or more patents that are approved by the UAE Ministry of Economy or any other reputable international body, in addition to a recommendation letter from the Economy Ministry.
  • Doctors and specialists must be specialised in a unique scientific discipline or any other scientific principles that are highly required in the UAE.
  • Scientists are required to be active researchers in universities or research centres or in the private sector, with practical experience of not less than 10 years in the same field.
  • Individuals with creative talents such as intellectuals and artists should be pioneers in the culture and art fields and winners of one or more international award. A recommendation letter from related government entities is mandatory as well.

The citizenship can be withdrawn upon breach of the conditions, the statement said.

What you should know

  • Foreign residents are reported to make up more than 80% of the UAE’s population and have for decades been a mainstay of its economy. The UAE comprises seven sheikhdoms, including Dubai and Abu Dhabi.
  • Foreign residents in the UAE usually have renewable visas valid for only a few years tied to employment. The government, in recent times, has made its visa policy more flexible, offering longer residencies and limited citizenship for certain types of investors, students and professionals, in order to attract investment and diversify from oil.
  • The economy of UAE has been hit by the coronavirus pandemic and low oil prices, prompting tens of thousands of expatriates to leave.

We adopted law amendments that allow granting the UAE citizenship to investors, specialized talents & professionals including scientists, doctors, engineers, artists, authors and their families. The new directives aim to attract talents that contribute to our development journey.

— HH Sheikh Mohammed (@HHShkMohd) January 30, 2021

Related

Tags: UAEUnited Arab Emirates

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Hot forex
Cornerstone
Mega Millions
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Buhari approves reappointment of Patience Oniha as DG of Debt Management Office
    • Bullish Nigerian Exchange gains N5.64 trillion in HY’2022
    • MTN Nigeria appoints Onyinye Ikenna-Emeka as General Manager, Fixed Broadband

    Follow us on social media:

    Recent News

    Buhari approves reappointment of Patience Oniha as DG of Debt Management Office

    Buhari approves reappointment of Patience Oniha as DG of Debt Management Office

    June 30, 2022
    Bulls stage a comeback at Nigerian stock market

    Bullish Nigerian Exchange gains N5.64 trillion in HY’2022

    June 30, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com