Shaikh Mohammad Bin Rashid Al Maktoum, Dubai’s ruler has announced foreign companies to give up to 100 percent of their ownership fare
Abu Dhabi … News Time
Shaikh Mohammad Bin Rashid Al Maktoum, Dubai’s ruler has announced foreign companies to give up to 100 percent of their ownership fare. Before that, investors only got 49% right ownership. According to the International News Agency, a major meeting headed by Dubai’s ruler Shaikh Mohammad Bin Rashid Al Maktoum has made revolutionary decisions regarding the visa policy. Under which foreign companies will be given ownership of hundred percent, while 10 years of residential visas are being introduced to investors, scientists, specialists, engineers, jobs providers and merchants. The meeting has also been decided that Dubai always welcomed creativity and traders and next time the high and successful businessman will be welcome. Similarly, foreign students coming to study in Dubai will be given a 5-year-old visa, and a 10-year residential visa will be issued for students with extraordinary capacity. The meeting also decided to take necessary steps to make new decisions related to the visa policy in the meeting till the end of this year. These special agencies were also given instructions to ensure immediate implementation of the officers of the concerned institutions.
