UAE grants permanent residency to over 6,800 foreigners with $27 billion investment

ISLAMABAD - The United Arab Emirates on Tuesday granted permanent residency to foreigners who had invested a total of $27 billion in the country.

The residencies have been given to 6,800 people under a new program dubbed as the "Golden Card". However, "exceptional" doctors, engineers, scientists and artists could also be eligible.

"We launched a new 'Golden Card' system to grant permanent residency to investors and ex

ceptional doctors, engineers, scientists and artists," Prime Minister Sheikh Mohammad bin Rashid Al Maktoum said on Twitter.

"The first batch of 6,800 investors with Dh100 billion worth of investments will be granted the 'Golden Card'."