Five year visas will be granted to owners or founders of global startups including their partners and up to three executives.
The UAE government aims to attract and bring top talent to country. In a report from the National, the UAE government will provide five year visas to founders and owners of technology start-ups around the world, in its vision to drive innovation and become a dynamic country of the future.
Speaking at the World Economic Forum MENA, Khalfan Belhoul chief executive of the Dubai Future Foundation and Abdulla bin Touq, Secretary General of the UAE Cabinet, participated in a discussion about Arab start-ups at the meeting and had announced that the UAE government had granted long-term visas to the top 100 companies that had been selected by the Forum.
“It is a global set-up, it is open for anyone, it is inclusive, talent is not confined to one region and that is the whole idea. We have simply started with the 100 Arab start-ups because of this event and because of the amount of talent we have seen in this region and we want to leverage on this talent, but the idea is this is open for the world,” Khalfan Belhoul, chief executive of the Dubai Future Foundation, told The National at the World Economic Forum on Sunday.
19 of the top 100 start-ups are already UAE based according
to the Forum. According to the National, it’s been reported that the start-ups
will also be free to seek funding and further support from any of the venture
capital or other types of funds in the UAE and wider region.