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At the recently concluded World Economic Forum held in Jordan, the UAE government announced that it will grant long-term visas for the top 100 start-ups. Currently, the scheme is valid for Arab start-ups, including promising technology ventures in Egypt, Morocco and Palestine, and is expected to be extended to other regions soon.
The new five-year visas, announced by Abdulla bin Touq, Secretary General of the UAE Cabinet, and Khalfan Juma Belhoul, CEO of Dubai Future Foundation, aims to attract talent to the UAE and encourage start-ups to contribute to its vision for innovation in the Fourth Industrial Revolution.
“The UAE is a global incubator for emerging innovations. Our innovation-friendly legislative structure is essential for start-up companies,” said Abdulla bin Touq, Secretary General of the UAE Cabinet in a WAM report. “This collaboration with the World Economic Forum to grant long-term visas to the top 100 Arab start-ups reflects our commitment to facilitate businesses, create an attractive and encouraging environment for growth, and underline the UAE’s position as a global destination for talents.”
The five-year visas will be granted to owners or founders of companies, all of their partners and up to three executives. The visas require no sponsor and will be in the names of the individuals they are provided to. Business founders, owners and executives applying for this new visa category can also take advantage of affordable licences, and also bring their families to join them in the UAE. If a successful start-up is bought or acquired, leading to founders and partners being made redundant, or if it should fail, the visa will still remain valid. This provision is to ensure talent is not just encouraged to move to the UAE, but retained for the long term, according to Belhoul.
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Content and Communications Manager
Siddhi Sainani is a business and finance writer and a public relations professional with experience across markets in the UAE, Oman, India and the United States.
At Cavendish Maxwell, Siddhi is responsible for crafting research and marketing communications material for the firm’s various stakeholders including clients and government entities. She also leads the public relations activities for the firm, focusing on media outreach, reputation management and spokesperson profiling.
In her previous roles, Siddhi has reported on the financial markets for news outlets, developed institutional research for several institutions, and undertaken corporate communications initiatives for leading firms across sectors such as real estate, finance, banking, audit and advisory, and technology, among others.
Siddhi has a Bachelor of Mass Media degree with a specialisation in journalism and also holds a Post-Graduate Diploma in Integrated Communications covering advertising, marketing and public relations from Xavier Institute of Communications, Mumbai, India.
Sarah-Jane Carter
BA (Hons) DipM
Head of Marketing
Sarah-Jane joined Cavendish Maxwell in January 2020 as Head of Marketing and is responsible for the development of the marketing strategy and execution across the Middle East region. An energetic and results driven marketer, Sarah-Jane possesses a wealth of multi-channel marketing experience, within both B2B and B2C environments which she has gained over a 25 year career. Prior to joining Cavendish Maxwell, Sarah-Jane held senior marketing positions for major developers in Dubai including Emaar, Dubai Properties and Dubai Sports City. She also worked for IWG as the Regional Marketing Director responsible for the MEA and APAC regions. Before relocating to the UAE in 2005, Sarah-Jane held various management roles in public and private sector companies in the UK including ten years at Royal Mail and seven years at the Bank of America.
Sarah-Jane is a member of the Chartered Institute of Marketing and has a BA(Hons) Degree in Business and Marketing