UAE Golden Visa
Live, Invest, and Thrive in the UAE
UAE Golden Visa
The UAE Golden Visa was introduced by the UAE government to attract foreigners who wish to invest in the UAE and those who have extraordinary talents. With this Golden visa, one can live, study, work and even start a business in the UAE. This visa comes with numerous benefits not only to the primary applicant but also to their immediate family members such as spouse, children and, in some cases, even dependant elderly parents. The UAE golden visa can either be valid for 5 years or 10 years, and it can be automatically renewed.
Benefits of the UAE Golden Visa
- Long-term Residency
The UAE Golden Visa is given for either 5-year validity or 10-year validity, which can be automatically renewed. This enables the applicant to plan their future in the UAE without worrying about the frequent hassle of visa renewal. This also gives the UAE Golden visa holders a sense of security and stability. - Family Sponsorship
The UAE Golden visa holders can sponsor their family members, i.e., spouses, children, and even dependant elderly parents. The dependents get the same validity as the primary holder of the Golden Visa. This helps dependants to stay close to their family. Children can get the best education in UAE since there are many good local as well as International schools and universities in UAE.
- No Sponsorship required
The UAE Golden visa holders do not require any sponsorships from any organization or family members. One can independently live, work, study and have their business in the UAE without needing a local sponsorship. You can wholly own your business. Such is not the case with other kind of visas for UAE, where you need a local sponsor.
- Chance to grow in ever-thriving economy
Another benefit of the UAE Golden visa is that it gives confidence in applicants to invest in long-term business investments and own freehold properties. The Golden visa holders gain more confidence to make long-term investments in the country, thereby enhancing their wealth while contributing to the UAE economy.
- Access to exclusive benefits and privileges
UAE Golden Visa holders can gain access to exclusive benefits, such as priority in government services, certain discounts, and VIP privileges, depending on their field of expertise or contribution. In healthcare, for example, doctors holding the Golden Visa may enjoy expedited processes or exclusive professional resources. The UAE Golden visa holders may also get various discounts in private sector businesses, such as discounts on new cars or properties. Also, as a UAE golden visa holder, one can avail of loans for business or property at a cheaper rate. - Tax Benefits
As we are aware, the primary and most attractive benefit of the UAE Golden Visa offers is tax benefits. You can earn tax-free income since there is no income tax. There is no capital gains tax on your investments, inheritance tax, etc. These tax benefits allow Golden Visa holders to retain more of their income and investment gains, which in turn enhances their financial stability. Businesses established in free zones can often benefit from corporate tax exemptions, making the UAE highly tax-efficient for business owners.
UAE Golden Visa Requirements
- Investors
To qualify for the UAE Golden Visa for an investor, one must own a property with a minimum investment of AED 2 million to qualify for a 10-year Golden Visa. One can also become eligible for the UAE Golden Visa by investing at least AED 10 million in UAE businesses. The investments need to be held for at least 3 years.
- Entrepreneurs
Certain entrepreneurs are also eligible for a UAE Golden visa with a minimum capital of AED 500,000 or who have obtained approval from an accredited UAE business incubator. Also, higher management of a company with exceptional talents is eligible for UAE Golden Visa, such as directors, chief executive officers, chief financial officers, etc.
- Professionals
The UAE Golden Visa is also granted to highly specialized talents, such as doctors and medical professionals, who must hold an accredited certificate and be licensed in the UAE. At the same time, scientists and researchers who possess a PhD or master’s degree and have contributed significantly to their field of study, as well as creative professionals such as artists and cultural workers, may also be eligible for the UAE Golden Visa.
- Exceptional Students and Graduates
The UAE Golden Visa is also granted to outstanding students and graduates who are exceptional in their studies in high school in the UAE. Top-ranked graduates from approved universities worldwide are also eligible for the UAE Golden Visa. - Skilled workers
Skilled workers are also eligible for the UAE Golden visa. The criteria for obtaining the UAE Golden visa is that they must hold a job in the UAE and earn a minimum monthly salary of AED 30,000. They should also have a bachelor’s degree with a contract in a specialized field such as engineering, science, healthcare, or IT.
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