The Abu Dhabi Residents Office (ADRO) has selected Hub71 – the centrepiece of Abu Dhabi’s technology ecosystem – to endorse exceptional tech talent for their Entrepreneur Golden Visa.
The Entrepreneur Golden Visa is a system that has been introduced by ADRO, who themselves exist as a division of the Department of Economic Development (ADDED), and enables entrepreneurs who are foreign nationals and UAE residents to make the UAE their long-term base in which to build and scale technologies and innovative solutions. The Entrepreneur Golden Visa is valid for a total of five years.
The selection of Hub71 by ADRO will see the community holding the responsibility of evaluating, reviewing, and issuing letters of endorsement to entrepreneurial talent. Their evaluation will be based on requirements set by ADDED and the Federal Authority For Identity and Citizenship (ICA).
“Being entrusted as one of the key organisations in the UAE to review and endorse talented tech professionals for the Entrepreneur Golden Visa is further recognition of our credibility as a leading technology ecosystem at the forefront of stimulating entrepreneurship,” comments Ibrahim Ajami, Interim CEO at Hub71.
Hub71 will review applications from entrepreneurs operating across a range of technology sectors, including fintech, healthtech, edtech, e-commerce, AI, and big data.
Once entrepreneurs obtain a letter of endorsement from Hub71, ADRO and the ICA will manage inquiries relating to final visa approval and issuance of the visa.
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, enabling them to live, work and study in a market without the need for a national sponsor.
Ajami continues, “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.”
Innovation, entrepreneurship, and advanced industries are clear priorities for the UAE as part of its ambition to create a diversified knowledge-based economy, keeping in line with the UAE Centennial Plan 2071.
“We’re 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,” concludes Ajami.