The United Arab Emirates (read Dubai) has updated its visa policy. Looking at it, it looks enticing but it is actually a very poor policy for professionals. Why do you need a ten year visa in a place you are working and living permanently? Essentially, there is NO path to citizenship within those first ten years – and I think that is a VERY big problem for people that may be considering it.

The United Arab Emirates will extend its “golden” visa system – which grants 10-year residency in the Gulf state – to certain professionals, specialised degree-holders and others, the UAE’s vice president said on Sunday.

Foreigners in the UAE usually have renewable visas valid for only a few years tied to employment. The government in the past couple of years has made its visa policy more flexible, offering longer residencies for certain types of investors, students and professionals.

All holders of doctorate degrees, medical doctors and also computer, electronics, programming, electrical and biotechnology engineers are eligible, UAE Vice President and the ruler of Dubai Sheikh Mohammed bin Rashid al-Maktoum said in a statement.

Also eligible are those with specialised degrees in artificial intelligence, big data and epidemiology, as well as high school students living in the UAE who rank top in the country and students from certain universities with a GPA of 3.8 or higher.

After first announcing a long-term visa plan in 2018, the UAE in 2019 started granting 5- and 10-year renewable visas to certain foreign investors, entrepreneurs, chief executives, scientists and outstanding students.

Do not immigrate to countries where you would work for ten years, and still need to be on a visa. It is a very bad call because what that means is that by the time you cannot work, upon retirement, the system will not pay you since most benefits are reserved for citizens.

Canada and the United States remain the gold standards: they give you a path to citizenship as a permanent resident, and that is a huge benefit.

More so, as I have noted here: PhD is a career insurance. Increasingly around the world, they cannot have enough of them especially those in the technical areas. I do not see how it could hurt anyone who chooses to get one! Even Dubai likes to keep PhDs. But do not fall for their visa policy if you have other options – there is nothing golden in it.

Yes, it is pure exploitation of young people who are increasingly looking for greener pastures. If you must leave Africa, consider Canada and the United States; their immigration & citizenship  policies are better.

The UAE must include a path to citizenship for people who come into the nation to live and work. Permanent residency is not just enough.

Today, we approved granting the 10-year Golden Visa to all PhD holders in the UAE. Also, the Golden Visa will be granted to top graduates from UAE-accredited universities with a GPA of 3.8 and above.

— HH Sheikh Mohammed (@HHShkMohd) November 15, 2020

Registration for 4th edition of Tekedia Mini-MBA (Feb 8 – May 3, 2021) begins. Tekedia Mini-MBA is an innovation management 12-week program, optimized for business execution and growth, with digital operational overlay. It runs 100% online. The theme is Innovation, Growth & Digital Execution – Techniques for Building Category-King Companies. All contents are self-paced, recorded and archived which means participants do not have to be at any scheduled time to consume contents.

Learn more and register at the edition page. Note the early registration benefits and deadlines.

I predicted that immersive internet connectivity will hit Africa by 2022. That prediction is just coming along as SpaceX Starlink begins beta testing of its satellite broadband program. The price as announced by SpaceX is high but after two generations of this product, I expect the price to normalize. Then, the redesign will begin as terrestrial-based broadband service providers like MTN and Airtel in Africa will have to take drastic actions on their services.

In terms of pricing, SpaceX says in the emails that the cost for participants in this beta program will be $99 per moth, plus a one-time cost of $499 initially to pay for the hardware, which includes the mounting kit and receiver dish, as well as a router with WiFi networking capabilities.

The goal eventually is to offer reliable, low-latency broadband that provides consistent connection by handing off connectivity between a large constellation of small satellites circling the globe in low-Earth orbit. Already, SpaceX has nearly 1,000 of those launched, but it hopes to launch many thousands more before it reaches global coverage and offers general availability of its services.

Look at this table below, and the 2022 prediction is looking solid. Simply, by 2022, the global population will be at parity with internet users. The implication is that within the next few years, we would have additional 4.2 billion internet users. Most of them would come from Africa and India.

Your business must find a home on the web; there is no going back. Watch the prediction video again.

This only applies now to Tekedia Capital startups which Tekedia Capital invested in.  Attending Tekedia courses does not qualify.

As you begin your week after the restful weekend, let me remind you. Besides all, Tekedia Mini-MBA is a quasi startup accelerator, extending the school core innovate & grow mindset to support innovators. That means, innovators and companies can have access to resources which our Fund provides. If you are in our program, and need support, we will help. We have credits  to support founders and companies in Tekedia Mini-MBA who are bootstrapping or have raised small money. Then, as you grow, we will offer you more credits.

I run an investing fund – and that fund has grown so well that Amazon has shown huge support. When we partner with you, we help you grow. I continue to look for great ideas to support. If we invest, you can also get up to $25,000 worth of Amazon AWS credit. We got an elevation from $10,000 to now issue $25,000 as many of our companies are growing. We can do even more if you need more resources.

From San Francisco to London, Lagos to Berlin, and beyond, we are empowering innovators of the future. Tell me what you are building, and let us see how we can assist you to get to the next level. We have close to three dozen companies in our portfolio and together they have created thousands of jobs, generating $millions of dollars.

If you are building GREAT things, contact Admin. We are here to support you. After a recent elevation by Amazon, we can now give $25,000 AWS credit, originally from $10,000 only to great companies, in any sector, to support their digital playbooks and executions.

Have a profitable week ahead from Tekedia Institute.