Abu Dhabi’s Hub71 to endorse tech entrepreneurs for golden residency visas
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Abu Dhabi’s Hub71 to endorse tech entrepreneurs for golden residency visas

Abu Dhabi’s Hub71 to endorse tech entrepreneurs for golden residency visas

Recipients of the five-year visas can also sponsor their families and up to three executive directors

Abu Dhabi Hub71

Hub71, Abu Dhabi’s global tech ecosystem, has been picked by the Abu Dhabi Residents Office (ADRO) 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 visa based on requirements set by the Department of Economic Development (ADDED) and the Federal Authority For Identity and Citizenship (ICA).

Hub71 will review applications from entrepreneurs operating across several technology sectors including fintech, healthtech, edtech, e-commerce, AI and big data.

To be eligible, entrepreneurs must own a successful project in the UAE with a minimum valuation of Dhs500,000. Their projects must also relate to defined economic sectors such as 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 applications as an accredited organisation by ADDED.

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 vsa.

The visa is valid for five years and enables entrepreneurs who are foreign nationals and UAE residents to establish UAE as their long-term base.

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

“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,” said Ibrahim Ajami, interim CEO at Hub71 and head of Ventures and Growth at Mubadala Investment Company.

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