We all are familiar with the fact that the UAE is the center of attraction for every businessman, tourist, and entrepreneur, and everyone wants to be a resident of the UAE through investment or other methods.
But the important question that arises here is, Is UAE Golden Visa worth it? To answer the question, we should have extensive information about what a golden visa is in UAE and what opportunities and benefits we can get through a golden visa.
What Is a Golden Visa In UAE?
A golden visa is ten years of UAE Residence in which the holder can study, work or live. It was implemented in 2019 to attract visitors and others who can be part of the development of the economy.
Anyone who can be part of UAE’s economic growth is eligible and can get a golden visa in UAE. These include:
- Talented students
- Scientists
- Businessmen
- Professionals
- Physicians
- PhD Holders
- Content Creators
- Property Holders
- Fixed Deposit Holders
- Engineers
Benefits of Golden Visa in UAE
There are several benefits that any visa holder can get in the UAE. These benefits attract all the workers and investors to get citizenship or residence in the UAE in some way. The major benefits include:
No Sponsorship Requirement
In any other type of visa, it is a requirement for every foreigner to have a sponsorship from any individual or company in case of stay. However, with Golden Visa UAE, you are free of these restrictions and requirements. Any person with a Golden visa can start their own business and company without any need for Local Sponsorship.
This freedom and flexibility is one of the promising benefits of the Golden Visa UAE for every entrepreneur and expert businessman from all over the world.
Prolonged Stay
Another benefit that makes the golden visa worth it is extended residency or prolonged stay in UAE without any requirement of visa renewal and fear of expiration. However, in another visa, it is mandatory to renew in two to three years.
Health Packages
Is uae golden visa worth it? Golden visas in UAE not only provide financial stability but also improve the quality of life as they offer health packages to the residents as well. The health packages were recently introduced in it and have three levels based on cost.
Core Silver
It is the basic level of health package that you can get in Dhs2400.
Enhanced Gold
An enhanced gold visa is more advanced than a core Silver Visa and offers more benefits to residents. Its cost is more than the basic level as it provides extra features.
Premier
It is the most advantageous package for great health. You can get all the exclusive offers that are not available in any other package.
Unrestricted Residency
The standard visa holders are bound to stay in UAE; otherwise, staying outside for more than six months can lead to unwanted circumstances and cancellation of visas. However, golden visa holders have no restrictions, and they can stay for a longer period without the fear of visa cancellation.
Family Sponsorship
Golden Visa UAE provides freedom for family sponsorship; it can be parents, childrens and spouses irrespective of age. The UAE partner visa benefits allow the visa holder’s partner to stay in UAE if the visa holder passes away before the completion of 10 years. Moreover, the freedom to hire unlimited domestic workers and support staff is also among other UAE partner visa benefits.
Esaad Card
Dubai Golden visa holders are also eligible for an Esaad card from the Dubai Police. This card provides a number of facilities and discounts to residents. If you have an Esaad card, you can easily avail yourself of offers in selected schools, flights, hotels and restaurants.
- Up to 40% off in American school
- Up to 50% off in Kempinski Palm Jumeirah
- Up to 70% off in Burj Khalifa
- Special discount on more than 7000 brands
Property Ownership
Another advantage for golden visa holders is that they can own property in different emirates. This is highly beneficial for the businessman who has a keen interest in the real estate business. It also eliminates the need for a local sponsor of your business, and you can work by yourself in your own way.
Finest Educational Institute
Education is a key to success, and a good education institute plays a major role in it. With a golden visa in UAE, you can get a quality education at the finest institutes.
It will also bring endless opportunities for your professional and personal growth. Golden visa holders can also get exceptional opportunities, including scholarships, research projects and networking with industry experts.
Business Opportunities
Golden visa holders get more business opportunities than standard visa holders. The UAE government offers additional incentives to GV holders, and they can easily expand their business in international markets through business forums and better networking.
Additionally, long-term residence in the UAE contributes to the enhancement of reliability, and people choose GV holders for collaboration and partnerships.
Effortless Travelling
A golden visa can be the best solution for business persons and travelers who often go to UAE or Dubai for meetings and other purposes and want to get rid of stringent processes. GV holders can travel hassle-free as it eliminates the need for visa renewal for a long duration.
Negative Aspects of Golden Visa
A golden visa has several benefits, but when we talk about negative aspects. It is extremely expensive and costs more than AED 2 million. Moreover, the process is not simple, and one must have to meet the eligibility criteria to get a golden visa.
Conclusion
At the end of this article, we hope it is clear to you whether is UAE golden visa worth it or not. The opportunities and favorable environment provided by the golden visa are more compelling despite financial expenses and other challenges.
A golden visa can open up several ways of success and possibilities for any entrepreneur and other eligible candidates. Get a golden visa and secure your future, expand your business and live a quality life in UAE.