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The visa enables entrepreneurs who are foreign nationals and UAE residents to make UAE their long-term home
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Applications endorsed by Hub71 will be finalized by Abu Dhabi Residents Office and the Federal Authority For Identity and Citizenship (ICA)
ABU DHABI: Hub71, Abu Dhabi’s global tech ecosystem, will review, evaluate and issue endorsement letters to the applicants for the Entrepreneur Golden Visa, a long-term residency-for-investment program.
The five-year visa enables entrepreneurs who are foreign nationals and UAE residents to make the UAE their long-term home to build and scale technologies and innovative solutions.
Once entrepreneurs obtain Hub71’s letters of endorsement, Abu Dhabi Residents Office (ADRO) and the Federal Authority For Identity and Citizenship (ICA) will manage inquiries relating to final visa approval and issuance of the Entrepreneur Golden Visa.
In addition to the entrepreneurs, their spouses, children and up to three of the entrepreneur’s executive directors could also be covered under the visa, without the need for a national sponsor.
Hub71 will review applications from entrepreneurs operating in a diverse range of technology sectors including FinTech, HealthTech, EdTech, E-commerce, AI and big data.
Ibrahim Ajami, Interim CEO at Hub71 and Head of Ventures and Growth at Mubadala Investment Company, said, “We are calling on changemakers within our community, locally and globally, with bright ideas and a bold vision to advance sectors of national importance and make a positive difference to our society, embracing the growth opportunities the UAE presents.”
For eligibility, entrepreneurs must own a successful project in the UAE with a minimum valuation of AED500,000. Projects must also relate to defined economic sectors – information and telecommunications technology, financial services, health, medical and pharmaceutical industries, tourism, agriculture and manufacturing of food and agriculture products, aviation and defense, petrochemicals, industry and education.