Indian-born Dubai resident Rizwan Sajan, founder and chairman of Danube Group — a UAE company that records a turnover of $1.5bn (AED5.5bn) each year through 10 companies in five verticals— has become among the first foreigners to receive the 10-year UAE residence visa stamped on his passport from the General Directorate of Residency and Foreign Affairs (GDRFA) in Dubai.
“This is the moment we’ve been waiting for, and I’m grateful to the UAE’s visionary leadership for granting the 10-year visa to me,” Sajan said in a statement.
“This is a great moment, not just for me, but for millions of foreigners living in the country. I’m sure the scope of these initiatives will expand to include more investors, businesspeople, scientists, philanthropists, innovators, and highly-skilled professionals.”
The UAE government announced a package of reforms last year to grant a 10-year visa, and 100% foreign ownership in selected economic-sector companies.
This was followed by the 'Gold Card' permanent residency package a few weeks ago to more than 6,800 investors, scientists, professionals, and entrepreneurs.
Sajan said he viewed the developments with optimism, adding: “These initiatives are some of the most game-changing, and will redefine our relationship with this wonderful land of opportunities. I see the beginning of a new dawn in UAE’s economy and society.”