The UAE has introduced a 10-year residency visa for environmental advocates called Blue Residency. This visa is for individuals who have made exceptional efforts to protect the environment, both in the UAE and globally.
Eligible for this visa are supporters of environmental action, including members of international organizations, global award winners, and distinguished activists and researchers. Applications can be submitted through the Federal Authority for Identity, Citizenship, Customs, and Port Security, and candidates can also be nominated by authorities.
The Blue Residency is part of the UAE’s initiatives, marking 2024 as the year of sustainability.
The UAE typically issues two-year residency visas. In 2019, it introduced the 10-year Golden Visas for investors, entrepreneurs, and exceptional individuals. Later, a five-year Green Visa was announced for skilled professionals, freelancers, and entrepreneurs.
Over the past year and a half, many companies and family businesses have moved their global offices to Dubai. During the Capital Market Summit, a senior official explained that Dubai has focused on becoming the easiest place to do business, emphasizing cost management, safety, and competitiveness as part of its D33 agenda.
Dubai is an international hub, attracting numerous companies and entrepreneurs who have relocated their operations to the Emirate. The D33 strategy aims to make Dubai the top talent hub in the world, which in turn draws successful businesses.
The Dubai International Financial Centre (DIFC) reported that the city is now home to over 120 of the world’s wealthiest families and individuals, with a combined net worth of over USD 1 trillion. Dubai’s business-friendly regulations and the introduction of the Golden Visa have attracted top talent and family businesses.
Global trends have helped Dubai grow due to its competitive advantages, with the city excelling in business, health, and leisure tourism. The Emirate’s strong systems and regulations have led to numerous IPOs from both public and private companies. Dubai hosts companies from across the region, including a significant presence of African businesses, highlighting its appeal to people and capital looking at emerging markets.
