Assessing the Country’s Visa Regime to Attract More Foreign Investments
Context
As part of a major economic transformation program, a government body in the GCC was looking into ways to improve its visa regulations in a manner that contributes to the business attractiveness and provides a platform for increasing FDI (Foreign Direct Investment) in the country. The country had introduced a Golden visa regime that has been operational for a few years but did not yield the expected results. As such, and as part of the current transformation efforts, they wanted to optimize and make the program more attractive to achieve the set objectives.
The Ask
Pace Consulting was requested to assess the current golden visa regime and identify key pain points that needed to be addressed in order to yield the following benefits:
Benefits
What We Did
We commenced by performing a detailed assessment of the current golden visa regime situation to identify the pain points that needed to be addressed.
Outcomes
After concluding the assessment, 10 pain points were identified and mapped to 6 out of the 7 assessment parameters that need to be addressed in order to improve the golden visa regime. Recommendations were provided on how to address them and promote an updated version of the golden visa as a great opportunity for individual investors.
Other Impact Examples
Developing a Unified Government-Wide Salary Scale and Grading System
