When the UAE government announced in May that it would grant some 6,800 investors permanent residency under its new “Golden Card” system, the news was welcomed by business professionals- a move that would largely stabilize the economy, and boost the property market. It’s a historic development in the timeline of the UAE economy. What can it mean, long-term, for business owners and SMEs? I believe the permanent residency and long-term visas will help attract significant amounts of capital and skilled resources, if the policy is implemented properly.
