Ajman issues first gold card to Indian businessman

Ajman - The golden card issued is part of the permanent residency system tailored for investors.

The Emirate of Ajman's first golden card visa was granted to Siddique Pallolathil, Director of Nesto Group.
The General Directorate for Residency and Foreigners Affairs in Ajman has issued the first golden card to Pallolathil as part of the permanent residency system tailored for investors.
The Golden Card System was implemented as per the Cabinet decision No. 56 of 2018, by which a package of facilities has been offered to investors, entrepreneurs, talented people who meet specified conditions as well as their families.
The permanent visa was presented to the Nesto Group Director by Brigadier Mohamed Abdullah Alwan, Executive Director of the General Directorate for Residency and Foreigners Affairs, GDRFA, in Ajman.
Brigadier Alwan said that the permanent residence system 'Golden Card' contributes to maintaining the state's leading position as a magnet for capital and investments and harnessing the skills and abilities of residents in various medical, engineering and scientific fields.
The golden cardholders are entitled to a host of privileges and facilities including a residency visa without a sponsor to them and their families (spouse and children). The holders can also sponsor up to three workers and obtain a residency visa for one of his/her senior employees.

All you need to know about Gold Card: 
The Gold Card permanent residency initiative has identified the first 6,800 qualified expats from over 70 countries to benefit from the scheme's unprecedented benefits.  
The current investments of the identified 6,800 residents are estimated at Dh100 billion.
The benefits of the permanent residency also include the spouse and children of the cardholder to ensure cohesive social ties.
The Gold Card will be granted to qualifying investors, entrepreneurs, professional talents, researchers in various fields of science and knowledge, and outstanding students. The new initiative will attract greater foreign investment and stimulate the local economy, making it more efficient and attractive for investors. It will also increase the UAE's competitiveness and reaffirms the country's position as a global incubator.

 
 

• Ajman