July 25, 2021
2 mins read

Hub71 to endorse global tech entrepreneurs for Golden Visas

The Visa is valid for five years and enables entrepreneurs who are foreign nationals and UAE residents…reports Asian Lite News

Hub71, Abu Dhabi’s global tech ecosystem, has been selected by the Abu Dhabi Residents Office (ADRO), a division of the Department of Economic Development (ADDED), to endorse exceptional tech talent for their Entrepreneur Golden Visa from Abu Dhabi.

Hub71 will review, evaluate and issue endorsement letters to entrepreneurial talent for the Entrepreneur Golden Visa based on requirements set by ADDED and the Federal Authority For Identity and Citizenship (ICA). Once entrepreneurs obtain a letter of endorsement from Hub71, ADRO and the ICA will manage enquiries relating to final visa approval and issuance of the Entrepreneur Golden Visa.

The Visa is valid for five years and enables entrepreneurs who are foreign nationals and UAE residents to make the UAE their long-term home to build and scale technologies and innovative solutions.

In addition to the entrepreneurs, their spouses, children and up to three of the entrepreneur’s executive directors could also be covered under the visa, without the need for a national sponsor.

Innovation, entrepreneurship and advanced industries are clear priorities for the UAE as part of its ambition to create a diversified knowledge-based economy in line with the UAE Centennial Plan 2071. Hub71 will review applications from entrepreneurs operating in a diverse range of technology sectors including FinTech, HealthTech, EdTech, E-commerce, AI and big data.

Ibrahim Ajami, Interim CEO at Hub71 and Head of Ventures and Growth at Mubadala Investment Company, said, “Abu Dhabi provides entrepreneurs with the infrastructure, resources and support from both the public and private sectors to enable founders to succeed in a growing market where innovation is central to its long-term future. We are calling on changemakers within our community, locally and globally, with bright ideas and a bold vision to advance sectors of national importance and make a positive difference to our society, embracing the growth opportunities the UAE presents.”

For eligibility, entrepreneurs must own a successful project in the UAE with a minimum valuation of AED500,000. Projects must also relate to defined economic sectors – information and telecommunications technology, financial services, health, medical and pharmaceutical industries, tourism, agriculture and manufacturing of food and agriculture products, aviation and defence, petrochemicals, industry and education.

For entrepreneurs whose projects are focused on other sectors, Hub71 has the authority to endorse their application as an accredited organisation by ADDED.

ALSO READ: New board for Abu Dhabi chamber formed

Previous Story

Jhalak of Jharkhand by Sanskruti bring forth fascinating insights

Next Story

Emirates extends suspension of flights to UAE from India

Latest from -Top News

India Marks Ayurveda Day in Ghana

The conference brought together academicians, officials from the Ghana Ministry of Health, Ayurveda doctors, herbalists, and other key stakeholders…reports Asian Lite news To mark the 10th Ayurveda Day, the Indian High Commission

US Urges India to Rethink Russian Oil Imports

Wright emphasised the priority of ending the conflict while strengthening US-India ties…reports Asian Lite News United States Energy Secretary Chris Wright urged India to reassess its oil imports from Russia, stressing that

Trump, Shehbaz Set for Oval Office Talks

Sharif will arrive in Washington after attending the 80th United Nations General Assembly in New York….reports Asian Lite News US President Donald Trump will hold high-stakes bilateral meetings on Thursday, including a

Farooq Abdullah Urges Dialogue After Ladakh Unrest

Dr Farooq Abdullah warned the Central government that neglecting their long-standing demands could deepen unrest in the sensitive Himalayan region….reports Asian Lite News Former Jammu and Kashmir Chief Minister and National Conference
Go toTop

Don't Miss

UAE eases travel rules for citizens

The UAE is allowing fully-vaccinated citizens to travel to countries

Stalin heads to UAE

Stalin is also scheduled to meet the Tamil diaspora in