2 Indian businessmen in Dubai get new 10-year visa


Dubai, May 22 (IANS): Two Indian Dubai-based businessmen were issued the new 10-year United Arab Emirates (UAE) resident visas which were rolled out in January, the media reported on Wednesday.

Vasu Shroff, chairman of the Regal Group of Companies, and Khushi Khatwani, managing director of the Khushi Group of Companies & Al Nisr Cinema Film, are the first two Indians to benefit from the long-term visa scheme, reports Gulf News.

The 10-year visa scheme was rolled out in January and some Arab scientists and experts in the medical field were the first ones to receive it.

"It is really a very good initiative for the investors who bring up the economy. This will encourage more investors to make investments here," Shroff told the Gulf News on Tuesday evening after receiving the visa.

The textile magnate, who was a recipient of the Pravasi Bharatiya Samman, India's highest award for non-resident Indians, said more Indian business leaders were expected to get the 10 year-residency, which is considered the first steps towards obtaining permanent residency.

Khatwani, who is known for his decades-old businesses in the fields of movies and jewellery, said the move gives a sense of more belonging to the country.

Consul General of India in Dubai Vipul welcomed the move and said: "It is a great step from the government of UAE. People who had to renew visas every two or three years are getting a longer duration. That will make life easy for prominent Indian businessmen and investors here."

  

Top Stories

Comment on this article

  • Jennifer, Mangalore

    Thu, May 23 2019

    This is what was the UAE govt had offered to big investors. Its not citizenship, but a longer residency status. Unlike the present two-year visa duration, the period is extended to ten years but the applicants continue to be citizens of their own country.

    Given the security and comfort available in UAE, as long as you are ready to spend what you earn, I am sure there isn't anything wrong with it.

    DisAgree Agree [1] Reply Report Abuse

  • Vincent Rodrigues, Katapadi/Bangaluru

    Thu, May 23 2019

    Good and encouraging news.

    DisAgree Agree Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, May 22 2019

    Acche Din Guaranteed ...

    DisAgree Agree [4] Reply Report Abuse


Leave a Comment

Title: 2 Indian businessmen in Dubai get new 10-year visa



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.