Thursday, July 15, 2010

Dubai plans special visa to attract entrepreneurs

Dubai is considering a plan to introduce a special visa system to lure foreign entrepreneurs to the emirate, a news report here has said. The EntrePass scheme would encourage budding start-ups with high commercial value to set up in Dubai, the report said.
In return, entrepreneurs will have their visa application expedited and they will also be provided with guidance from experts at the Mohammad Bin Rashid Establishment (MBRE) for SME Development in starting their businesses, the National newspaper said. "We want Dubai to be the centre for innovative small and medium enterprises [SMEs]," Alexandar Williams, the director of strategy and policy division at MBRE, told the newspaper. He said the future of Dubai rested on nurturing selective foreign entrepreneurs with good ideas, who could use them for development and build business around it.