Qatar launched a 10-year golden residency

According to CN Traveler; Qatar has announced the launch of a new program to grant 10-year residence visas to entrepreneurs and senior executives; According to the authorities of this country, this action is carried out with the aim of attracting international talents and strengthening Doha’s position as one of the economic and innovation hubs in the region.

This plan, introduced as “golden visa”, was announced during the Qatar Web Summit and allows qualified applicants to stay in the country for a decade without the need for short-term extensions.

According to official sources, this program targets two main groups: entrepreneurs who intend to start or develop a business in Qatar and senior executive managers with a history of professional activity at the international level. According to the published details, entrepreneurs to benefit from this visa must be approved by institutions related to the innovation and business ecosystem in Qatar and demonstrate the financial strength and economic sustainability of their plan. Senior managers are also required to have significant management experience and, in most cases, valid work contracts with companies operating in Qatar.

This visa can be extended and can provide a long-term and more stable residence path for foreign professionals. The announcement of this program has been made at the same time as the expansion of Qatar’s government investments in the field of technology and startups. Qatar Investment Fund has announced that it has allocated significant resources to support venture capital; The move, which, along with the 10-year visa, is considered part of the country’s broader effort to reduce dependence on oil and gas revenues and move towards a knowledge-based economy. Economic observers say this decision puts Qatar in more direct competition with countries in the region, including the United Arab Emirates and Saudi Arabia, which have previously launched similar programs to attract skilled labor and foreign capital. According to experts, if this plan is accompanied by transparent implementation mechanisms and real facilities, it can play an important role in changing the map of work migration and investment in the Persian Gulf.