Source: Khaleej Times
Jebel Ali Free Zone Authority (Jafza) on Saturday said that it is offering long-term visas to its customers in order to attract and retain high caliber talent.
Jafza is the first free zone which has announced the service to offer long-term visas to investors. The UAE is currently awarding five and 10 years visas to investors, entrepreneurs and people with exceptional talent. These visas offer the possibility of automatic renewal depending on specific profiles and criteria. The five-year visa has been priced at Dh650 while the 10-year visa costs Dh1,150 per person.
Through these long-term visas, the government aims to make Dubai an attractive destination to entrepreneurs and in-demand specialisations to drive the country's culture of innovation forward.
Jafza said that it will assist new and existing customers to facilitate the process for any individuals that meet strict qualifications.
"Nurturing and curating talent has been a core part of Jafza's business ethos, and we have continually strived to create a work environment that rewards innovation, proactiveness and productivity. This, in turn, is a part of our larger goal of assisting the Dubai government achieve its aims per the vision and guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai a global hub for innovators through the development of a sustainable yet diversified economy," said Mohammed Al Muallem, CEO and Managing Director of DP World, UAE Region and CEO of Jafza said.
"Innovation has always been the core of our nation's progress and is one of the primary reasons that the UAE has managed to successfully bring in the quality of people it has over the decades. We believe this initiative is a step in the right direction that will help us maintain our status amongst the global community", he added.
Jafza is one of the world's leading free trade zones and is home to over 7,500 multinational companies. It accounts for 23.9 per cent of total foreign direct investment flow ?into the country. It sustains the employment of more than 135,000 people in the UAE and generated trade worth $83 billion in 2017.