Sheikh Mohammed Bin Rashid Al Maktoum.
PHOTO BY WAM
DUBAI –A new long-term cultural visa for artists, authors and innovators has been launched in Dubai as part of a new cultural vision for the emirate.
His Highness Sheikh Mohammed bin Rashid al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, approved the cultural visa on Tuesday (October 1). Here’s all you need to know.
The visa allows creators, artists, authors and innovators to have long-term residence in the UAE.
Dubai wants to become a global hub for culture. The emirate already has 6,000 companies for arts and culture, five creative complexes and 20 museums. Dubai also organizes more than 550 cultural events every year attracting millions of visitors.
More details about the cultural visa and how to avail of it are expected to be released soon.
Good for: Investors
How to qualify: Must purchase of property worth at least Dh5 million that is not loaned
Good for: Outstanding students
How to qualify: At least 95 percent in secondary level and distinction of at least 3.75 GPA upon graduation from universities within and outside UAE
Good for: Entrepreneurs
How to qualify: Have previous project worth a minimum of Dh500,000 or having the approval of an accredited business incubator in UAE
Good for: Doctors, specialists, scientists, creative individuals in culture and art, and investors
How to qualify: Subject to certain conditions, including valid employment contract
Good for: investors
How to qualify: Have public investments through deposit, an established business partnership of Dh10 million or more, or a total investment of not less than Dh10 million. The amount must be wholly owned by the investor and not loaned, with investment retention for at least 3 years.
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