Golden Visa in Dubai
Golden Visa Dubai is an investment permit allowing investors to live in the UAE for 10 years without having to renew the visa or pay fees. It offers a host of benefits, such as being able to open a company in the country, sponsoring unlimited domestic support staff and, in case of death, granting family members a lifelong residence permit in the UAE. The visa is also valid for spouses and children irrespective of age, including those under 18 and unmarried sons and daughters of any age.
The Golden Visa Dubai has a number of criteria to meet, depending on the type of residency you are seeking: For people who want to get a golden visa as individuals who have exceptional talents, the minimum requirement is a bachelor’s degree from a university in the field that they specialise in. Examples include medical doctors who majored in epidemiology and viruses, software engineers, computer science engineering graduates and those specialised in the fields of big data and information technology.
Exceptional students who have graduated from the world’s best universities can apply for the Golden Visa as well. The criteria for this category includes academic performance/cumulative average, year of graduation and university classification, as well as a recommendation letter from the university. Frontline workers who have demonstrated outstanding efforts in crisis-solving, such as during the COVID-19 pandemic, may also be eligible to apply for a Golden Visa.
Who Is Eligible For Golden Visa in Dubai?
If you want to obtain a Golden Visa through the investment route, you must invest at least AED two million in one or more off-plan properties in the UAE. The investment can be made in cash or with a loan from specific local banks. The property must be retained for at least two years.
Those who want to acquire a Golden Visa as entrepreneurs must establish a business in the UAE with a capital of at least AED one million. They must also submit proof of a successful track record and business plan. Additionally, they must pass a medical exam and undergo a Due Diligence process.
The Emirates Government has launched the Golden Visa for Entrepreneurs to attract foreign investments in the UAE. The visa enables investors to set up a company in the country, employ a workforce and benefit from tax incentives. The program is available to citizens of countries who have a bilateral agreement with the UAE, including most GCC countries.
The UAE has a long history of welcoming talented foreigners, so it is not surprising that the Golden Visa is attracting entrepreneurs from all over the world. The UAE’s economic environment is favorable for international investors and businessmen, and the Golden Visa will encourage more to come to the UAE and expand their businesses. Applicants who qualify for the Golden Visa will have the right to own property, sponsor a spouse and children of any age, sponsor unlimited domestic support staff and open bank accounts. Additionally, they can travel to the UAE on a visa-free basis.