UAE to grant citizenship to foreign investors, professionals

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UAE to grant citizenship to foreign investors, professionals

News Desk :

The United Arab Emirates (UAE) has adopted amendments that would allow the Gulf state to grant citizenship rights to investors, professionals including doctors, scientists, and their families.

“The UAE cabinet, local Emiri courts and executive councils will nominate those eligible for the citizenship under clear criteria set for each category,” Dubai’s ruler and UAE Vice President Sheikh Mohammed bin Rashid Al Maktoum said in a tweet.

“The law allows receivers of the UAE passport to keep their existing citizenship,” Sheikh Mohammed added.

It was unclear if new passport holders would benefit from the public welfare system. The UAE spends billions of dollars each year on free education, healthcare, housing loans, and grants for its estimated 1.4 million citizens.

Foreigners in the UAE usually have renewable visas valid for only a few years tied to employment. The government in recent has made its visa policy more flexible, offering longer residencies for certain types of investors, students, and professionals.

Last year, the government extended its “golden” visa system — which grants 10-year residency in the Gulf state — to certain professionals, specialized degree-holders, and others.

An oil and gas producer, the UAE’s economy has been hit by the coronavirus pandemic and low oil prices, prompting tens of thousands of expatriates to leave.

UAE to grant citizenship to foreign investors, professionals

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