The Golden Visa in the United Arab Emirates (UAE) is a residency program that allows individuals and their families to live and work in the country for a period of five years, renewable for an additional five years. To qualify for the Golden Visa, individuals must meet certain investment criteria, such as purchasing property in the UAE, investing in a business, or depositing money in a UAE bank account. The program is designed to attract foreign investment and talent to the UAE.
Benefits
The benefits of the Golden Visa in the UAE include:
Residency: The visa allows the holder and their family to live and work in the UAE for a period of five years, with the option to renew for an additional five years.
No income tax: The UAE has no personal income tax, which can be an advantage for individuals who wish to keep more of their income.
Access to healthcare and education: Golden Visa holders have access to the country's healthcare system and education system.
Travel: The visa allows the holder to travel visa-free to more than 100 countries, including much of Europe.
Business opportunities: The UAE is a business-friendly environment and the Golden Visa program is designed to attract foreign investment and talent to the country.
Quality of life: The UAE offers a high standard of living, with amenities such as luxury shopping, excellent dining, world-class beaches and much more.
Security: The UAE is considered a safe country with low crime rate.
Fast track citizenship: The Golden Visa in UAE also offers the fastest track to citizenship to the right applicants.
Eligibility
To be eligible for the Golden Visa in the UAE, individuals must meet certain investment criteria. The specific requirements vary depending on the type of investment made, but generally, individuals must:
Purchase property in the UAE: The property must be valued at or above a certain amount, which varies depending on the location of the property.
Invest in a business: The business must be registered in the UAE and meet certain criteria, such as creating a certain number of jobs for UAE nationals.
Deposit money in a UAE bank account: The deposit must be held for a certain period of time and be of a certain value.
Purchase UAE government bonds: The bonds must be held for a certain period of time and be of a certain value.
Submit a good conduct certificate from your home country or the country where you have been residing for the past five years
Meet the financial requirements of the scheme.
Meet the conditions of the scheme regarding physical presence in UAE.
It's important to note that the rules and requirements for obtaining a Golden Visa in UAE can change over time, it's always advisable to check with the relevant authorities for the most recent information and be updated with the requirements.
How to Apply
The process of applying for the Golden Visa in the UAE typically involves the following steps:
Choose an investment option: Decide on the type of investment you want to make (e.g. purchasing property, investing in a business, depositing money in a UAE bank account, etc.).
Gather required documents: Collect all the necessary documents, such as proof of identity, proof of investment, and a good conduct certificate.
Submit the application: Submit the application along with the required documents to the relevant authorities.
Wait for approval: Wait for the authorities to review your application and approve or deny your visa.
Pay the fees: If the application is approved, pay the required fees and complete the process.
Collect your visa: Once the process is complete, collect your Golden Visa and use it to enter the UAE.
It's important to note that the specific requirements and process can vary depending on the type of investment made and the authorities in charge. It's always advisable to consult a specialized lawyer and/or immigration agent for guidance on the process.
