Second Indian to get it after Lulu Group’s MA Yusuf Ali
SHARJAH 9 July 2019: Sharjah’s first Gold Card visa has been granted to Lalu Samuel, Chairman and Managing Director of Kingston Holdings and Chairman of Sharjah Industry Business Group, which functions under the Sharjah Chamber of Commerce and Industry.
The UAE’s first Gold Card permanent residency was awarded to MA Yusuf Ali, Chairman of Abu Dhabi based Lulu Group.
The General Directorate of Residency and Foreigners Affairs – Sharjah issued its first gold card to Samuel as part of the permanent residency system tailored for investors. The Gold Card System was implemented as per the Cabinet decision No.56 of 2018, by which a package of facilities has been offered to investors, entrepreneurs, talented people who meet specified conditions as well as their families.
Gold Card Privileges
Gold Card holders are entitled to a host of privileges and facilities including a residency visa without a sponsor to them and their families (spouse and children). The holders can also sponsor up to three workers and obtain a residency visa for one of his/her senior employees.
Lalu Samuel thanked Sharjah’s Directorate of Residency and Foreigners Affairs for its initiative to contact him and introduce him to the golden visa system, stressing the importance of this initiative to support the UAE’s investment sector, ensure family stability and highlight the importance of cultural diversity, tolerance and acceptance of others within n the UAE community.
He also expressed his gratitude and appreciation to the UAE’s wise leadership, particularly His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, thanks to his unlimited support, close follow up to the emirate’s businessmen and investors, responding to their needs and meeting challenges and all difficulties facing their activities.
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