The Federal Authority for Identity and Citizenship (ICA) revealed that it received about 6,000 applications from investors and entrepreneurs during the first week of its announcement to start receiving long-term residency applications.

Earlier this month, the ICA announced the implementation of the Cabinet's decision to issue five-year residency visas for entrepreneurs as part of its aim of enhancing the ease of doing business in the country.

The ICA, the Business Incubator HUB71 in Abu Dhabi, and the Dubai Future Foundation will work together to promote opportunities to attract entrepreneurs and creative professionals. The three entities will collaborate in the areas of training, sharing knowledge, enhancing ease of doing business and creating a conducive environment for investment and business.

The Federal Authority for Identity and Citizenship will be in charge of issuing the residency visas while HUB71 in Abu Dhabi and Dubai Future Foundation's Area2071 in Dubai will nominate entrepreneurs for receiving the benefits of the initiative.


 

Copyright © 2019 Khaleej Times. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.