Whether you are looking for a long-term residency or citizenship by investment scheme, Dubai has several options for you. The Golden Visa Dubai has been making headlines all over the world for being one of the most popular visa programs. However, what exactly is a Golden Visa Dubai and why is it so famous? Keep reading to find out. Here are five of the most appealing reasons for you:
Obtaining a Dubai Golden Visa has a few benefits. The scheme is designed for those who have skills in a particular field and are willing to invest in the UAE. Among those skills, some researchers and artists can get long-term residency visas.
Scientists and engineers who have specialized skills in the sciences and engineering can apply for the Golden Visa. Those who are in the technology, art, or healthcare industries can also get one. They may be awarded a 10-year Golden Visa.
Professionals in business, law and administration can also receive the Green visa UAE. There are also five-year visas that you can get. The requirements are similar to those of a normal investor visa. The only difference is that applicants must be able to prove that they have the resources to sustain themselves in the UAE. Retired foreigners can also get long-term visas. To qualify, they must have an income of at least Dh15000 per month and must be at least 55 years of age.
2. Long-Term Residency
Known as the “Golden Visa”, this residency visa in UAE attracts high-skilled professionals and investors, while providing security for expatriates. There are seven categories of individuals who can apply for a Golden Visa.
The new residence visa amendments are designed to retain the best talent in the UAE. It is important to note that the requirements for a visa vary according to the category of person. The UAE government is dedicated to protecting and securing foreigners. The latest regulations were just enforced in October 2022.
Applicants must fulfill certain qualifications to apply golden visa UAE. The applicant must have a bachelor’s degree and a job contract with a UAE-based company. The applicant must also have a monthly income of at least AED 30000.
Retired foreigners can also obtain a long-term residency visa. To do so, the applicant must be at least 55 years old. He or she must job holder with an annual salary of at least Dh15000 or have a substantial investment in the UAE.
3. Citizenship-By-Investment Scheme
Obtaining citizenship by investment in Dubai is a great option for people who want to start a business in the city. Aside from the benefits of being a Dubai citizen, you will also receive a residency permit in the UAE.
The government of Dubai has a special residency program for investors and businesspeople. To be eligible for this scheme, you will need to invest in real estate or establish a company in the UAE, or fulfill the Dubai golden visa requirements.
The process of acquiring a citizenship-by-investment in Dubai is not difficult. Applicants will need to be a native of the United Arab Emirates, speak Arabic, and be qualified. The main qualification is a proven track record of professional experience. This is important because you will need to show that you have spent at least 10 years working in a relevant field.
Among other things, you will need to have a property worth AED5 million in the UAE. You will then need to prove that you have held the investment for a minimum of three years. Then you will be issued a residence permit for five or ten years. You can extend this permit to your spouse and children.
4. Relevance to Masdar City
During the financial crash, the Masdar City project was put on hold. However, the Masdar team has been working on processing several golden visas. The program, which was introduced in late 2020, is expected to benefit the individuals who participate in it.
The UAE Golden Visa is a 10-year residence visa designed to reward individuals who possess special skills and talents. Aside from providing a long-term residence, the program offers additional perks. These perks include discounts on real estate, automobiles, and health care.
Aside from the Dubai golden visa, the UAE has introduced other initiatives to attract the best talent. These include a ‘You are Special’ service, which is available 24 hours a day, seven days a week. In addition, the government is emphasizing making Dubai the hub of start-ups.
If you own a business in the UAE, you can apply for a 5-year Golden Visa. To qualify for this, you must have a commercial or industrial license that states a paid-up capital of AED 2 million. You must also pay AED 250,000 in annual tax to the Federal Tax Authority.
5. Mix Benefits
The UAE Golden Visa offers a residency permit that allows you to live and work in Dubai for up to 10 years. There are no taxes on personal income in Dubai, which makes it an attractive destination for those looking to save on taxes. Dubai is a world-class city with endless opportunities for shopping, dining, entertainment, and more. The weather in Dubai is perfect year-round, with temperatures averaging in the low 80s Fahrenheit. With its proximity to Europe, Africa, and Asia, Dubai is an ideal hub for those who want to travel frequently.
The Golden Visa Dubai is famous all over the world for good reason! If you are looking for an opportunity to live and work in an excellent city with great weather and endless opportunities, then Golden Visa Dubai is definitely for you.