Dubai, Jun 20 (BAn/CD): Indian entrepreneur, the founder of NMC Healthcare and financial technology start-up Finablr, Dr BR Shetty received his 10-year residency visa at the General Directorate of Residency and Foreigners Affairs in Abu Dhabi on recently.
After the government announced plans to reform visa policies in recognition for the achievements of professionals, academics and long-term investors, Shetty is one of the latest in the wave of businessmen to receive the 10-year residency visa.
77 year old Dr Shetty describes Dubai as a land of opportunity that he will always be committed to.
Dr BR Shetty left for UAE in 1973 from his hometown Udupi in India’s state Karnataka. Dr Shetty began looking for a job in Abu Dhabi and secured one as a salesman to repay the loan he had taken for his sister’s wedding in India.
“This is an unbelievable dream for me to be considered as one of their own. I came to this country for my survival and never imagined this would be possible when I came here,” he said.
Dr Shetty further said that he took all the opportunities the UAE offered him since the last 46 years.
Dr BR Shetty with his wife Dr CR Shetty
“From arriving here on borrowed money, I have two companies listed on the London Stock Exchange. This country has always supported me. It is the reason for my success. The success of so many businessmen is all because of the confidence that the rulers and the royal family have in people who come here just to make a living.”
Dr Shetty is also listed among global philanthropists who have pledged half their wealth to charitable causes as part of The Giving Pledge created by Microsoft founder Bill Gates.
The new visa programme has won praise from businessmen as a move that would strengthen the UAE economy by encouraging significant investors to plough in more capital, set up new industries and generate further employment.