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UAE Cabinet approves 10-year visa for Investors & Professionals in 2018

JULY 2018

The UAE Cabinet has approved a new long-term visa (10 year) for international investors and is set to introduce an investment law allowing 100% foreign ownership this year, according to an announcement issued first week of July.

State-news agency WAM said UAE Vice President and Prime Minister and Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum directed the Ministry of Economy to implement the resolution and submit a detailed study in the third quarter of 2018

The new visa would allow investors, innovators and talented specialists in the medical, scientific, research and technical fields to stay in the country for up to 10 years.