Business Wire and other news publications have featured a story on the new permanent residence program, mentioning Kanika Gupta Shori, Founder & COO Square Yards.
Dated May 28, 2019, the story mentions
In a big and bold step, the UAE government, on May 21 st, announced a new permanent residency program, the ‘Golden Card’ visa, for foreign nationals in the UAE. Earlier, the UAE only issued 2- to 3-year employer linked visas to foreign nationals, who comprise roughly 90% of residents living in the UAE, which is also the 2nd largest economy in the Arab World. In a shift from that rigid policy, in May 2018, 5- and 10-year visas were announced for expats investing Dh5 and Dh10 million respectively, real estate included. Exact criteria for the visa should be revealed soon but it is confirmed that permanent residency will include the spouse and children of the golden card visa holder. “It is also a great initiative for real estate investors who have been here for long. It is big security to know that you can remain,” said Kanika Gupta Shori, founder and COO of leading proptech firm, Square Yards.
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