Dubai Chamber: Top businessmen to get UAE Golden Residency visas

Dubai Chamber signs MoU to grant UAE Golden Residency visas to prominent high-net worth entrepreneurs from Africa

Dubai Chamber: Top businessmen to get UAE Golden Residency visas
Dubai Chamber
Dubai Chamber: Top businessmen to get UAE Golden Residency visas

The Dubai Chamber of Commerce and Industry (Dubai Chamber) has signed a memorandum of understanding (MoU) with the General Directorate of Residency and Foreigners Affairs (GDRFA) and the Dubai Free Zone Council to launch the “Be Part of Dubai” initiative, which will see prominent businessmen receive UAE Golden Residency Visas.

According to the Dubai Chamber, the MoU supports ongoing efforts to attract and retain high net worth investors from Africa by providing them with an easy and streamlined way to obtain long-term residency visas.

The initiative aims to enhance foreign investment into the UAE and improve investor confidence in Dubai, by providing more certainty and flexibility for businessmen and their families who plan to live or travel to Dubai.

The strategic partnership agreement was signed by the president and chief executive officer of Dubai Chamber, HE Hamad Buamim; director-general of the GDRFA, HE Major General Mohamed Ahmed Al Marri; and secretary-general of the Dubai Free Zones Council, HE Dr. Mohammed Al Zarooni.

Construction Week reported on 13 November, 2019 that HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, granted golden residency visas to 2,500 scientists, researchers, doctors, and innovators.

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