Another Indian billionaire gets 10-year UAE visa

Indian billionaire businessman Dr BR Shetty became the latest to receive the long term 10-year UAE residency visa under the Golden Card scheme. Shetty is the founder and chairman of NMC Healthcare, UAE Exchange, Neopharma and BRS Ventures.

He is now part of a growing group of Indian businessmen who have received the long-term residency visa. The list includes Vasu Shroff, chairman, Regal Group of Companies; Khushi Khatwani, managing director, Khushi Group of companies and Al Nisr Cinema Film; Rizwan Sajan, chairman of Danube.

Dr BR Shetty is the founder and chairman of NMC Healthcare, UAE Exchange, Neopharma and BRS Ventures. Photo courtesy: Twitter/@brshetty6
Dr BR Shetty is the founder and chairman of NMC Healthcare, UAE Exchange, Neopharma and BRS Ventures. Photo courtesy: Twitter/@brshetty6

Three Indians have also received permanent residency under the Golden Card scheme including Yusuff Ali,  chairman and managing director of Lulu Group; Firoz Merchant, self-made millionaire and founder of jewellery business Pure Gold; and Dr Shamsheer Vayalil, chairman and managing director of VPS Healthcare.

Dr Shetty came to the UAE in 1973 and founded the New Medical Centre Health (NMC) in 1975 to make personalized, cost-effective healthcare accessible to all.

NMC is now the largest private healthcare provider in the UAE with over four million patients annually across 45 facilities spread over 12 cities and 8 countries, including Saudi Arabia, Oman, Spain, Italy, Denmark, Colombia and Brazil.

It is the first healthcare company from the GCC and the first company from Abu Dhabi to be listed on the premium segment of the London Stock Exchange and is part of the coveted FTSE 100 Index.

“I came here with a dream and practically nothing in my pocket. My achievements have happened here in the land of the UAE,” said Dr Shetty in a release.

“Thanks to the government policies, ease of running a business, this has been possible. When it comes to infrastructure and logistics of running a business, there is no country in the world that can match the UAE,” he added.

Author
Ashraf Jamal
Ashraf Jamal – Senior Writer

Ashraf Jamal brings a rare depth to writing equipped with a degree in journalism, a postgraduate degree in political science, and a degree in law from the Allahabad University. His experience includes editing and publishing the Northern India Patrika and writing for Times of India for almost a decade covering just about any topic under the sun including NRIs and Indian diaspora.

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