Permanent residency Current Affairs, GK & News

UAE launchs permanent residency system “Golden Card”

May 22, 2019

The Prime Minister of United Arab Emirates (UAE), Sheikh Mohammed bin Rashid Al-Maktoum has launched the permanent residency system “Golden Card” for expats investors, entrepreneurs, specialized talents and researchers to be a part of the UAE’s success story. The move is expected to attract more Indian professionals and businessmen to the Gulf nation. The new ..

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Qatar to become first Arab state to offer permanent residency to some non-citizens

August 4, 2017

Qatar’s Cabinet has approved a draft law making permanent residency available to some non-citizens. It marks a partial shift from Qatar’s heavy reliance on its longstanding visa-sponsorship system. With this the energy-rich Qatar becomes first Gulf Arab state to make permanent residency available to some non-citizens. Key Facts Under the new law, residency permits will ..

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Permanent Residency Status (PRS) for foreign investors bringing at least Rs. 10 Crore

November 24, 2016

The government has decided to grant Permanent Residency status (PRS) for a period 10 years with multiple entry to foreign investors who make an investment of a minimum of Rs. 10 crore to be brought within 18 months or Rs. 25 crore to be brought within 36 months. The investment made must be capable of generating employment to at least ..

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