Dubai: The new visa rules will come into effect in the UAE in September, opening up a plethora of opportunities.
The major attraction is the five-year residency visa (Green Visa) for professionals, investors and people skilled in various sectors. There is a huge potential for initiatives and innovative ideas in the fields of technology, health, food, agriculture, industries, art, movies, and sports.
Entrepreneurs to benefit
* Investment and Business Management Centre CEO and MD P K Sajith Kumar said that starting ventures in the UAE would lead to the same results as opening up ventures all over the world. And this is the ‘big offer' for the entrepreneurs. Products can be quickly delivered to any part of the world.
* Smart service, excellent infrastructure-logistics facilities, free-zones, and opportunity to start ventures with 100 per cent ownerships.
* 'Skill Up Academy' that offers opportunities and provides knowledge, 'Scale Up Platform' for launching startups, and ‘Grow in UAE' portal for investment opportunities, are all helpful.
Beneficial for India
With the signing of the Comprehensive Economic Partnership Agreement (CEPA), India can become a close partner of the development projects in the UAE. This would also pave the way for the growth of Indian startups. As many as 85 startups and small businesses from 27 countries, including India, will start operations at District 2020, which was the venue for the Expo, by the year-end.
The five-year, multiple-entry tourist visas will also open up opportunities for business tourism. As virtual offices can be set up, the entrepreneurs need not be in the UAE permanently.
Students stand to benefit too
The decision that boys up to the age of 25, and girls and the differently-abled, regardless of age, can be sponsored would also help them in finding a suitable job along with their studies. It would also be easier to pursue advanced UG and PG courses on artificial intelligence, cyber security, gaming and robotics, and data analytics; and find jobs in the UAE itself.