Vedanta Baruah, an NRI businessman who hails from Dibrugarh district in Assam, has received the United Arab Emirates’ 10-year Golden Visa.
Baruah is the first Assamese to receive the Golden Visa under the investor category by the Department of Economic Development, Abu Dhabi, UAE.
“It is a proud moment for me,” Baruah told PTI, sharing his excitement. “I feel humbled and would like to thank the UAE administration and the Department of Economic Development.”
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The leading entrepreneur who went to the UAE for the first time in 2006 got the visa on June 24, and it has been in effect since June 23 and will be valid till June 22, 2031, an official document indicated.
Baruah is the chief executive officer (CEO) of Berns Brett Masaood Insurance LLC, with offices across the United Kingdom, European Union and India.
In 2019, the UAE government implemented a new system for a long-term residence visa, allowing foreigners to live, work, and study in the West Asian nation without a national sponsor and 100% ownership of their businesses there.
The Golden Visas are generally issued for 5 or 10 years and get renewed automatically.
The 10-year Golden Visa is usually targeted at individuals interested in offering the UAE’s significant investments in exchange for an opportunity to live within the country. Apart from entrepreneurs, doctors, researchers, scientists, and artists can also apply for the Golden Visa.