UAE offers special Golden Visas to attract Tech Firms

Highlights: UAE attracts Tech Firms offering Golden visas

• UAE will provide fast-tracking business licenses to Tech companies
• The Gulf country has targeted more than 300 Tech firms, out of which 40 companies are in the process of moving to the UAE
• Under this scheme, employees in UAE might get benefited with Golden Visas with a validity of ten years
• Liberal visa policies to attract immigrants to work in the UAE
• Tech companies get quick business licensing and easy access to banking and financing

UAE attracting advanced Tech firms through special visas

The United Arab Emirates is planning different schemes to attract advanced Tech Firms to the country. UAE also plans to offer Golden Visas with long-term residency to employees. It also offers fast-tracking business licenses to Tech firms. This scheme targets more than 300 companies out of which 40 were under process of moving to the UAE.

UAE has become an attractive destination because of its liberal visa policies for

• Hedge fund managers
• Bankers
• Commodity traders

The Gulf country is encouraging other sectors mentioned below, to establish  their headquarters in the UAE:

• Robotics
• Food Technology
• Blockchain

UAE new scheme offers...

Under this scheme, digital companies will get business licenses at a fast speed along with getting finance easily. Employees who want to work in UAE will get the UAE residency golden visas whose validity will be ten years. Candidates having a golden visa can work, live and study in the UAE without being sponsored by an employer.

The freezones in the UAE under this scheme includes Abu Dhabi, Dubai and Sharjah. Lenders connecting with businesses under this scheme includes:

• Emirates NBD
• Sharjah Investment Bank
• Wio

Are you looking to work in UAE? Talk to Y-Axis, the world’s no. 1 overseas career consultant.

Also Read: UAE launches Job exploration entry visa Web Story:  UAE to provide special Golden visa to Tech Firms to attract global financial companies