UAE Makes Big Moves to Attract Investors and Talented Individuals
The UAE has announced a number of amendments pertaining to its investment and immigration regulations, which will see “entrepreneurs, investors, scientists, and other categories of individuals with exceptional talent” (such as in medical, technical, and research fields) becoming eligible to receive 10-year residence visas. Families of qualifying individuals can be included in these visas. In addition, the country announced that it will now allow complete (i.e. 100%) foreign ownership in local companies even outside designated free zones, widely acknowledged as an invitation to foreign investors to pursue business opportunities in the country.