UNITED ARAB EMIRATES: The United Arab Emirates (UAE), a confederation of seven emirates, attracts wealthy individuals from various countries for living, working, and staying. The UAE golden visa is a popular option for becoming a citizen and calling the UAE home, making it a top choice for foreign visitors.
The UAE has introduced the Golden Visa, a long-term resident visa for international talent, allowing them to live, work, or study in the country. Entrepreneurs, business owners, scientists, top students, new graduates, front-line heroes, and humanitarians are all eligible for the visa. The UAE has adjusted its immigration law since October 2022.
Golden visa holders in the UAE can stay indefinitely, unlike Gulf citizens who require sponsorship or employment. To maintain validity, they can travel anywhere in the world for an unlimited period, unlike previous visa holders who had to return every six months.
UAE’s Golden Visa offers a number of unique advantages, including:
- A six-month entrance visa with several entries to enable the issuance of a resident permit.
- A lengthy, renewable visa for residence, good for five or ten years.
- The benefit of being self-sufficient.
- A residency visa holder’s ability to extend their stay outside of the United Arab Emirates beyond the standard six-month timeframe.
- A right to sponsor members of their family, including partners and kids, regardless of when they were born.
- Being able to sponsor as many domestic servants as you want.
- In the event that the principal bearer of the golden visa passes away, family members are allowed to remain in the UAE until the conclusion of their permit period.
- Whether a resident is an investor, an artist, an entrepreneur, etc., the requirements for a Golden visa change.
In this article, we examine how to obtain an investment-based UAE Golden Visa.
A Golden Visa without a sponsor for a decade can be obtained by contributing to an investment fund in the UAE. The investor must submit a letter confirming their contribution of AED 2 million an industrial or commercial license, a letter from the association certifying their capital, a letter from the federal tax office confirming annual government payments, proof of health insurance, and wholly-owned invested capital.
A Golden visa can be granted to property owners or collections of properties for five years, renewable and without a sponsor, provided they meet certain requirements. These include a letter from the land department confirming ownership of at least 2 million Dirhams and a loan from a local bank authorized by the relevant organization.
The Golden Visa Service streamlines the application and renewal procedures for Golden Residence Visas, saving time and effort. It assists applicants with supplemental visas, status regularization, residency and identity document issuance, and renewal all at once.
Also Read: Indian Population in the UAE Surpasses 3.5 Million Mark: A Closer Look
