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Wednesday, July 17, 2024

73 Pakistani businessmen awarded Golden Visa for UAE

After Fakhr-e-Alam and Shoaib Malik, now 73 Pakistani entrepreneurs and businessmen have been granted the Golden Visa that erases travel restrictions for 10 years.

73 Pakistani businessmen have been granted UAE’s 10 year Golden Visa according to the president of the Pakistan Business Council (PBC) Ahmed Shaikhani.

Out of the 250 applications submitted by the PBC members, 73 were accepted and have received their Golden visas.

The initiative was taken in cooperation with the Dubai Chamber of Commerce and Industry. The common objective of PBC with the Dubai Chamber is to promote trade, commerce, and investment between Dubai and Pakistan. The council members represent companies from diverse sectors with a large group of businessmen, businesswomen, investors, and professionals.

UAE has granted the golden visa to people from all sorts of backgrounds including doctors, engineers, students, artists, media persons amongst others. Recently 100,000 Golden Visas were also introduced for the world’s best coders.

The president of PBC, Ahmed Shaikhani has also received the Golden Visa previously and has expressed his gratitude and acknowledgment to the UAE leadership. He says it’s a much-awaited initiative as now businessmen and investors will not have to apply for visas every two years.

Shaikhani also asked the Pakistani people to see if they are eligible for the Golden Visa and apply if they fit the criteria as it is a beneficial initiative provided by the UAE government.

Currently, almost 1.5 Million Pakistanis are living and working in UAE, and the estimates suggest that the number will only go up.

What is Golden Visa?

Golden Visa was introduced in 2019 by the UAE government as a new system for long-term residence visas. Through these visas, foreigners will be able to live, work and/or study in the UAE without the need of a national sponsor and with 100 per cent ownership of their business on the UAE’s mainland. These visas will be issued for 5 or 10 years and will be renewed automatically.

Other Pakistanis

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Apart from the 73 businessmen, other Pakistanis have also been given the Golden Visa.

The first Pakistani celebrity to be granted the Golden Visa was Fakhr-e-Alam. He has lived in Dubai for 17 years and was handed the 10-year UAE residence visa on Sunday, June 27, 2021. Alam has also flown around the world solo and has become the first Muslim to travel around the world with less than 100 hours of flying experience.

Shoaib Akhtar and Sania Mirza have also been granted the Visa as ever since their marriage, the two have been living in Dubai while also shuffling their time between India and Pakistan.

Additionally, Dr. Javairia Hassan, a Pakistani doctor serving in the UAE tirelessly by treating Covid-19 patients amid the pandemic has been awarded the UAE Golden Visa by authorities.