UAE - Mubasher: The Emirati Federal Authority For Identity and Citizenship (FAIC) on Wednesday signed a cooperation agreement with the Registration Authority of the Abu Dhabi Global Market (ADGM) for the issuance of golden visas in the UAE.

The agreement is aimed at the facilitation of business operations and the creation of an attractive investment environment for companies and entrepreneurs, according to an official statement.

"The new golden visa will surely contribute to the country’s development process and in building a knowledge-based economy that includes talents and professionals from all around the world," CEO of the Registration Authority of ADGM, Dhaher bin Dhaher Al Mheiri, said.

Under the agreement, the Registration Authority will provide the necessary support to FIAC to issue golden visas via ADGM’s e-portal.

The new visa will be provided to certain categories of investors, entrepreneurs, professional talent researchers, and outstanding students.

“We are continuously working on establishing new partnerships with both public and private sector entities to maximise efficiency,” executive director of the General Directorate of Residency and Foreigners Affairs in Abu Dhabi, Brigadier Saeed Salem Al Shamsi, commented.

Source: Mubasher

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