 Hi guys, welcome back to my channel and today I have an update for you regarding long term business in the UAE. UAE started granting 5-year residency visa to entrepreneurs, which means now it became much easier to set up a business in the UAE. In order to qualify, you need to have a former business that is worth a minimum of 500,000 dirhams, or your business should be approved by the accredited business incubator in the UAE. Also, you need to cover insurance for yourself and for your family during the period of residency. And even the executive director who works for the business owner can get a 5-year residency visa if he works exclusively for that company during the period of his residency. And if you're based overseas, you can get a 6-month multi-entry visa in order to set up your business in the UAE. As you see, UAE is a really great environment for businesses, for startups. They try to attract more and more talents to this country, so if you have any business idea, you want to set up your own business, I really recommend you to consider doing that in the UAE. Thank you for watching and I will see you in the next video. Bye bye!