Gold Card: Another self-made millionaire granted permanent residency

DUBAI: Another Dubai-based Indian tycoon Firoz Merchant has received the 10-year visa or permanent residency known as the Golden Card.

Merchant, Founder, and Chairman of Pure Gold Jewellers got a telephone call a few days ago informing him of the decision that residency permits also been granted to his wife, two children, and extended family.

The 61-year-old self-made millionaire expressed his warm gratitude to the UAE Government.

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Speaking to Khaleej Times, Merchant said the General Directorate of Residency and Foreigners Affairs (GDRFA) in Abu Dhabi called him on June 1 and asked him to submit his and his family’s passports for permanent residency. “I visited the GDRFA office the next day and within no time, they stamped the 10-year auto-renewable permanent residency.

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“The UAE is the University of the universe and among the greatest and most beautiful countries in the world. The country provides world-class safety, security, education, and healthcare facilities to its residents to live a valuable life.

“Over 250 nationalities residing in the UAE are united as a family trying to fulfill their dreams and live a better future. I am very grateful and thankful to the government for granting me the lifetime permit to reside in the UAE with my family,” he added.

Known as the “merchant with a heart of gold”, Merchant has become famous for his philanthropy, particularly spending millions to help thousands of debt-laden expatriate prisoners imprisoned in UAE jails.

Mumbai-born businessman hailed from a poor middle-class family is a school dropout. Following his father’s teaching to embrace our struggles with compassion and gratitude, Merchant made a success of his life and pulled himself out of deep poverty.

The first gold residence card-permanent residency (PR) was given to diaspora businessman Yusuff Ali MA, Chairman and Managing Director of Lulu Group.

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