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Abu Dhabi: Indian entrepreneur Yousuf Ali gets first Gold Card in UAE

  •   Mon, Jun 03 2019 08:59:01 PM

Daijiworld Media Network - Abu Dhabi

Abu Dhabi, Jun 3: The Federal Authority for Identity and Citizenship on Monday, June 3, announced that it had issued its first gold residence card to Indian entrepreneur Yousuf Ali, as per the report by Gulf News.

Yousuf Ali, is the chairman and director of Lulu Group.

Brigadier Saeed Salem Al Shamsi, executive director of the General Directorate of Residency and Foreign Affairs on Monday handed over the gold card to Ali in Abu Dhabi.

Ali becomes the first of 6,800 investors to receive the permanent residency. The first batch of beneficiaries are investors with total investments exceeding Dh100 billion.

Unlike the long-term visa of five to ten years for businessmen and talented individuals, the Gold Card gives permanent residency to the holder.

UAE is the second home for more than 200 nationalities, and now they can make the UAE their permanent home after the introduction of the gold card with the confidence that their generations can stay on.

It is believed that the new permanent visa will help to generate foreign investment and attract exceptional talent in the field of engineering, science and arts.
  

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Comment on this article

  • Shan, Mangalore

    Wed, Jun 05 2019

    After Permenent residency it’s not far to get UAE passport.Same like Canada & other countries how they get passport after 3 years? It’s not the same ..when you get temperory residency u need to renew visa after 2 or 3 years or 5 hrs ..Perment residency is for permeates and forever ..No need to leave the country ..

    DisAgree Agree Reply Report Abuse

  • Lawrence, USA

    Wed, Jun 05 2019

    When every Tom, Dick and Harry can get US residency, what is the big deal about getting UAE residency? People go there to make money and not to stay there for various reasons.

    DisAgree Agree [1] Reply Report Abuse

  • Don, Mangalore

    Tue, Jun 04 2019

    Any new rulings on giving fairer wage and more human rights and better all round treatment of our maids and those underpaid and overworked?

    DisAgree Agree Reply Report Abuse

  • chethana, mangalore

    Tue, Jun 04 2019

    Now all the millionaires and billionaires of Sanatana country will make a bee line for this card as they are sick of the cow goberment of chaiwala.

    DisAgree [15] Agree [27] Reply Report Abuse

  • Prashant Karkera, Hejamady/Mumbai

    Tue, Jun 04 2019

    I appeal all the millionaires & billionaires, please take this fellow alongwith you, he/she is feeling suffocated by intolerance in this country ....

    DisAgree [11] Agree [18] Reply Report Abuse

  • PEDDA GUNDOO, MANGALURU

    Tue, Jun 04 2019

    Hey guys ! this all bubble in the AIR ! by the gods grace we have got all kind natural resources with blessing of GOD ! We thankful for the gulf countries for employment of our BROTHERS AND SISTERS .

    Yousuf Ali - Congrats .

    DisAgree Agree [12] Reply Report Abuse

  • rahul, udupi

    Tue, Jun 04 2019

    Good idea

    same as in UK/ US a person live and work more than 10 years they have option to take BRITISH / US Citizen ship status . some people do that ,

    DisAgree [4] Agree [12] Reply Report Abuse

  • Jennifer, Mangalore

    Tue, Jun 04 2019

    Rahul,

    UAE is not like UK/US. In this country people worked for two generations, third is looking for jobs but the first generation returned home because his visa is not qualified for renewal after 60 years.

    Citizenship is never available.

    DisAgree Agree [21] Reply Report Abuse

  • NN, NN

    Tue, Jun 04 2019

    Is this permanent residency leads to a UAE citizenship some day? I don't think it is a big deal getting an UAE residency.

    DisAgree [1] Agree [6] Reply Report Abuse

  • Mark Dcruz, Mangalore

    Tue, Jun 04 2019

    It's only the residence , not nationality...any Tom, Dick and Harry can go UAE and reside .. UAE also fool like Fekulal.

    DisAgree [9] Agree [20] Reply Report Abuse

  • Jennifer, Mangalore

    Mon, Jun 03 2019

    All nations want their wealth to be utilized in their own country. UAE is doing exactly that, its not going out of the way by giving Gold Card but its making its own formalities simpler. A normal residency (visa) duration for expatriates in UAE is two years. Whereas, for investors the Gold Card makes the period for lifetime. The process saves time/resources from renewing the visa on alternative years. However, this does not mean that the investor becomes a citizen of UAE - no, he remains a foreigner and should to return to his own country some day.

    At the same time, India loses in this gamble because an Indian who invested abroad will not bring his money to India until he resides outside. Whether Modi govt terms this money as BLACK is to be given a consideration.

    DisAgree [1] Agree [20] Reply Report Abuse

  • El En Tea, Mumbai

    Mon, Jun 03 2019

    We are proud being an Indian
    Congratulations dear MK Yousuf Ali
    founder Chairmen of
    LULLU HYPERMARKET

    DisAgree [5] Agree [33] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Mon, Jun 03 2019

    I wonder why everyone is Migrating ...

    DisAgree [9] Agree [53] Reply Report Abuse

  • Rita, Germany

    Tue, Jun 04 2019

    @Jossey S.Mumbai, who wants to stay in jungle Raj,where cows are having Ache din and humans are not safe.?I just wondered it took so many years to have a Golden card.

    DisAgree [8] Agree [33] Reply Report Abuse

  • Prashant Karkera, Hejamady/Mumbai

    Tue, Jun 04 2019

    Dear Rita, Mr. Yusuf Ali migrated to UAE long back when your Congress was in power ....
    Same as most of the Indians migrated to Gulf in Congress era only .....
    Golden Card is not allotting you citizenship, it is just a residence pass, or an I-card, even though people can go to gulf, work there and reside on working visa ....

    DisAgree [7] Agree [8] Reply Report Abuse

  • Prashant Karkera, Hejamady/Mumbai

    Tue, Jun 04 2019

    Then what are you waiting for, please migrate to Democratic Republic of the Congo at the earliest ....

    DisAgree [4] Agree [5] Reply Report Abuse

  • Sanjeev Kamath, Udupi / Seattle

    Tue, Jun 04 2019

    Like in your case of abandonment.

    DisAgree [3] Agree [4] Reply Report Abuse


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