The United Arab Emirates has the benefit of being located in a significant West Asian location. This strategic location has been connecting the Eastern and the Western world. This has helped the UAE become the most diverse economy among the members of the Gulf Countries.
Dubai and Abu Dhabi have emerged as business, education, and tourism centers. These cities have also become a cultural hub as people from different cultures and traditions gather in these cities.
This city has also become a popular destination for investors, entrepreneurs, and professionals from various fields. The location of UAE, low taxes, and business opportunities make it an attractive option for people to come and settle here.
A golden visa is used by foreigners living in the UAE and its duration is mostly 10 years. UAE golden Visa benefits are well known to all the people who come to the UAE for business or other purposes.
UAE Golden Visa Benefits
Long-Term Residency
The Golden Visa of UAE provides up to 10 years of residency which is longer than the standard visa options. This duration gives a strong base for long-term growth in professional and personal life. This helps open up new opportunities for advancement in business which is a bit difficult with short-term visas.
This also helps an individual to enjoy and integrate into the UAE’s culture and community. This helps in enhancing the overall experience of living in UAE making it a highly attractive option for people who are willing to live for a long term.
Property Ownership Rights
If you own a Golden Visa, then you are lucky because you can buy property anywhere in UAE even at prime locations. The tourism industry is contributing to a high demand in real estate which makes this investment a very profitable decision. This is also possible if you own a golden visa.
No Sponsorship Required
An advantage of the Golden Visa is that you don’t need a local sponsor which differentiates it from other visa types. This is very helpful for investors and new businesses because it allows them to operate without a local partner. This simplifies the operation of business which contributes to UAE’s dynamic economy.
No Tax on Income
A huge benefit for residents of UAE and Golden Visa holders is that there are no personal taxes. It is a policy of the government that is effective nationwide and exempts from paying tax on income earned. A Corporate Tax is introduced which is considered as lowest globally. This helps in further improving living standards and conducting business in the UAE.
Access to Business Opportunities
The Golden Visa of UAE provides access to any kind of employment and Business Opportunity which gives a huge advantage to talented professionals. The UAE is famous for its world-class facilities like infrastructure, health care facilities, and advancement in technology which are the factors that contribute to running a successful business. The geographical location of UAE also plays a very important part in making UAE an ideal place for investors.
Multiple Entry Visa
Golden Visa facilitates in a way that a person does not require a visa every time they depart. It offers a multiple-entry privilege. This helps many entrepreneurs and talented individuals who travel often to maintain a global connection. This makes UAE an ideal hub for those who want to maintain their business activities.
Family and Domestic Workers Inclusion
A UAE Golden Visa holder has the advantage that they can sponsor family members. This helps ensure that your family can reside together in the UAE which removes the need for a separate visa application for every member. This step is great as families live together reinforcing their bonds and providing a sense of security.
On the other hand, if you have a UAE Golden Visa you also have the advantage of sponsoring domestic workers. These include housemaid and drivers. Another advantage is the extension of sponsorship which ensures an environment that is best for family living.
Entertainment and Basic Needs
Living in UAE for a long time means that you will have access to all basic needs and entertainment options. This country has all kinds of world-class necessities and entertainment facilities, including malls, cultural festivals, and sports-related events. These features make the UAE an attractive destination for families and individuals.
Access to Healthcare
The UAE Golden Visa provides you and your family access to world-class health care.
UAE Golden Visa Requirements
To be eligible for the golden visa of UAE, you must be in one of the below categories
Public Investor
Following are the rules and regulations if you want to get a Golden Visa from this category.
- Provide a proper certification of an investment of a minimum of 2 million AED.
- A contribution of at least 250,000 AED annually to the government. This will be confirmed by the Federal Tax Authority.
- Proof that you have full ownership of the investment you made without any loans. Valid Medical Insurance is also necessary.
Real Estate Investor
Following are the rules and regulations if you want to get a Golden Visa from this category.
- A confirmation is required from the land department in the ownership of property in UAE worth at least 2 million AED.
- Proper documentation is required if the property is financed through an approved loan from a local bank in UAE.
Entrepreneurs
Following are the rules and regulations if you want to get a Golden Visa from this category.
- Own an innovative or an economic project.
- Get a verification that the value of the project is at least 500 AED.
- Provide letters from relevant authorities of UAE to know about the innovative nature of the project.
Doctors and Scientist
Following are the rules and regulations if you want to get a Golden Visa from this category.
- A doctor must be authorized by the Ministry of Health and Prevention UAE.
- A scientist requires a recommendation from the Emirates Council of Scientists.
Creative Professional
Following are the rules and regulations if you want to get a Golden Visa from this category.
- Require approval from the Department of Culture and Arts.
Athlete
Following are the rules and regulations if you want to get a Golden Visa from this category.
- Require approval from the local sports council or General Sports Authority.
Students
Following are the rules and regulations if you want to get a Golden Visa from this category.
- High school students require 95% marks in Secondary School. They also require approval from the Ministry of Education.
- University students need to maintain a minimum of 3.5 GPA and should graduate from any of the top 100 global universities within 2 years.
Humanity/ Social Worker
Following are the rules and regulations if you want to get a Golden Visa from this category.
- They should have worked with a recognized humanitarian organization for at least 500 hours.
- Appreciation award and a minimum amount of 2 million AED is also required for humanitarian efforts.
Frontline Heroes
Following are the rules and regulations if you want to get a Golden Visa from this category.
- They must be recognized in an exceptional crisis management situation.
UAE Golden Visa Price
The price of a UAE golden visa falls between 2,800 AED and 4,800 AED.
Conclusion
UAE Golden Visa benefits are one of a kind and very helpful for a person who wants to settle in UAE. UAE Golden Visa benefits are unmatched and should be utilized by investors, entrepreneurs, and skilled professionals from various fields. So if you are aiming to build a better future for yourself the UAE Golden visa is the best option. The application process might seem complicated but Al Riyady is here to help you simplify this process. Our expert team will help you in meeting all the requirements of the application.
