Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The United Arab Emirates' plan to grant long-term visas to the country's largely expatriate population excludes most foreign residents, benefiting only the affluent and people with specialized expertise. The long-awaited program falls short of many people's expectations after the Arab world's second-largest economy said it plans to ease residency rules earlier this year.Foreigners make up close to 90 percent of the UAE's 9.7 million people, and the policy shift was meant to give expatriates a bigger stake in the economy and foster long-term growth.A minimum investment of 5 million dirhams ($1.4 million) is needed to obtain a five-year visa, and double that amount is necessary for a decadelong visa.
FOLLOW THIS ARTICLE