News feed Date: 31 January, 2021
In a ground-breaking move, the UAE announced on Saturday major amendments to their citizenship laws. This allows for the naturalization of investors, doctors, scientists, artists, and talented people and their families to acquire Emirati nationality.
This step aims at retaining the contribution and talent of foreign nationals already residing in the UAE. The government also wants to attract more bright and resourceful minds to the Emirati community to contribute to the development and prosperity of the country. These amendments also allow applicants to retain their existing nationality.
The UAE becomes 13th country in the world to offer citizenship through making a significant contribution to the economy of a country.
RIF Trust CEO and Vice Chairman of the Latitude Group, Mimoun A. Assraoui, commented, “This historic announcement is a significant development in the investment migration industry and is sure to raise a lot of interest.”
“The new policy is in line with the government’s previous announcement relating to its 10-year Golden Visa scheme, which grants wealthy property investors, entrepreneurs and creatives with permanent residency in the UAE.”
“As the leading citizenship- and residency-by-investment advisory in the Middle East and Africa, with our headquarters based in Dubai, we have already started receiving many inquiries for this new citizenship scheme and are in contact with the local authorities to ensure the proper implementation of this exciting new policy. We are well poised to guide UAE expatriates and their families through this developing situation.”
Doctors and “specialists”:
Citizens would not be required to give up their original nationality and family members of the main applicant would also be granted citizenship.
What are the benefits?
As a UAE citizen, you’ll have the right to establish and own companies in the UAE. You’ll also be able to buy and own land and real estate property in the country.
Can UAE citizenship be withdrawn/taken away?
UAE citizenship can be stripped if one or more of the conditions are breached.
Swearing of an Oath of Allegiance is mandatory.
How can I apply?
If you qualify, the Emirates’ rulers court, the courts of the crown princes, the executive council in an emirate, or the cabinet will nominate you.
For more information on how to apply, don’t delay and contact us today.
Date: 31 January, 2021
Posted in: News feed