UAE citizenship amendment is 'symbolically significant': Moody's | ZAWYA MENA Edition
UAE’s decision to grant citizenship to highly qualified foreigners is ‘symbolically significant’ but nominations are likely to be limited to a small number of people at first, Thaddeus Best, analyst at Moody’s Investors Service, told Zawya.
“The criteria are quite qualitative, requiring exceptional achievement in scientific or creative endeavors in addition to being recommended by members of the Federal cabinet, emirate executive councils or local courts.
“While impossible to quantify, the emphasis on exceptional talent would suggest that the target audience is likely to be initially limited to a fairly small number of expats,” he told Zawya in an emailed response.
The new citizenship policy was announced by Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the UAE and Ruler of Dubai, last week. It will allow talented scientists, doctors, inventors, intellectuals and creative individuals who meet criteria, including international recognition, to be nominated to receive UAE citizenship.
Successful applicants will be able to retain dual nationality, something that was not previously the case.
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