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Current Affairs - 2019
Which of the following country launched the Gold card visa scheme for expatriates?
A)
UK
B)
UAE
C)
India
D)
Germany

Correct Answer : Option (B) - UAE


The UAE has launched a Golden Card visa scheme, a permanent residency scheme, for expatriates. The announcement was made by the country's Vice President and Prime Minister and Ruler of Dubai. The scheme is open to investors and exceptional talents such as doctors, engineers, scientists, students and artists as it will grant permanent residency. The scheme 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. It aims to attract wealthy individuals and exceptional talents, a move that could attract more Indian professionals and businessmen to the Gulf nation. The benefits of the permanent residency also include the spouse and children of the cardholder to ensure cohesive social ties.

Published On : July 12, 2021
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