Indian retail tycoon becomes UAE’s first permanent expat resident

Abu Dhabi-based Indian retail tycoon MA Yusuff Ali has become the first expat to get the UAE’s first gold card permanent residency. Unlike the long-term visa of 5-10 years for businessmen and talented individuals, the gold card gives permanent residency of the UAE to the holder.

The LuLu Group chairman, who was ranked the richest expat in UAE by the Forbes magazine, becomes the first of 6,800 investors with total investment exceeding USD 27 billion to receive the gold card under a scheme announced last month by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai.

Source- The Economic Times 

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