Kibret Abebe, Founder of TEBITA Ambulance, Obtained UAE Golden Visa

Kibret Abebe, the President of Social Enterprise Ethiopia (SEE) and the founder and owner of Ethiopia’s TEBITA Ambulance Pre-Hospital Emergency Medical Service, has been granted a UAE Golden Visa.

Kibret Abebe has obtained a UAE Golden Visa, according to Bizzmosis Group, a company that assists in the establishment of a business in the UAE. He is the founder of Ethiopia’s first private ambulance service system, Tebita Ambulance, as well as the President of Social Enterprise Ethiopia (SEE), the Board of Directors of the Addis Ababa Chamber of Commerce and Sectoral Associations (AACCSA), 2015 Fellow.

About TEBITA Ambulance

TEBITA Ambulance Pre-Hospital Emergency Medical Service PLC (TEBITA) is the first private pre-hospital emergency medical service providing company in Ethiopia. It was founded in 2008. 

TEBITA provides 24-hour ambulance service in Addis Ababa, remote medical assistance to multinational companies operating in Ethiopia, and ground evacuation services throughout the country. The company is licensed by t h e Addis Ababa Health Bureau to provide emergency pre-hospital medical services and certified first aid and health safety training. In 2015, Mr. Kibret formed East Africa Emergency Services, LTD in Seychelles with investors from the United States as a partner organization to increase the capacity of TEBITA.

TEBITA has responded to more than 60,000 calls for ambulance support and remains the only private company providing such services in Ethiopia. Furthermore, TEBITA has been engaged in creating awareness of first aid and health safety through formal training and public service media broadcasts. Its four digits’ emergency number (8035) is well known in Addis Ababa. Responding to calls from all over the country, TEBITA has evacuated patients in distress to hospitals in Addis Ababa and facilitated evacuations around the world. The company serves as the country representative to international health insurance companies including Africa Assist, AMREF, Flying doctors and SOS International.

What is a Golden visa Exactly?  Long-term residence visas in the UAE.

The UAE announced a permanent residency program in 2019 that allows foreigners to live, work, and study in the UAE without the need for a national sponsor and with full ownership of their businesses. This is the first scheme of its kind in the Gulf, where under the “Kafala” sponsorship system, foreigners are usually only granted temporary residence permits.

Investors, entrepreneurs, individuals with outstanding talents such as researchers, medical and scientific and knowledge professionals, and outstanding students are all eligible for the Golden Visa system, which provides them with long-term residency for 5 to 10 years.

Investors with a public investment of at least AED 10 million, whether in the form of an investment fund or a company, can apply for a 10-year visa. However, real estate must account for at least 60% of the total investment, and the amount invested must not be loaned or, in the case of assets, investors must take full ownership. In addition, the investor must be able to hold the investment for at least three years.

This 10-year golden visa can be extended to include business partners as long as each partner contributes AED 10 million. The long-term visa may also include the holder’s spouse and children, as well as an executive director and advisor. For the 5-year golden visa, the rules are very similar for investors, with the only difference being that the required investment amount is AED 5 million.

Foreigners wishing to establish their company in the United Arab Emirates can also apply for 5 years permanent residency through the Golden Business Visa scheme.

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