UAE - Mubasher: Hub71, Abu Dhabi-based tech ecosystem, has been selected by Abu Dhabi Residents Office, a division of the Department of Economic Development (ADDED), to endorse tech talents for the entrepreneur golden visa from Abu Dhabi.
Hub71 will review, evaluate, and issue endorsement letters to talented tech entrepreneurs for the golden visa based on requirements set by ADDED and the Federal Authority For Identity and Citizenship (ICA), according to a press release on Sunday.
Valid for five years, the entrepreneur golden visa enables entrepreneurs who are foreign nationals and UAE residents to build and extend technologies and innovative solutions in the UAE.
Entrepreneurs' spouses, children, and up to three of their executive directors could also be covered under the visa, enabling them to live, work and study in the UAE without the need for a national sponsor.
The visa is eligible for entrepreneurs who own a project in the UAE with a minimum value of AED 500,000 across defined economic sectors.
The defined sectors are information and telecommunications technology, financial services, health, medical and pharmaceutical industries, tourism, agriculture, and manufacturing of food and agriculture products, aviation and defense, 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.
The Interim CEO at Hub71 and Head of Ventures and Growth at Mubadala Investment Company, Ibrahim Ajami, 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."
