United Arab Emirates (UAE) – the place that is regarded as one of the most friendly countries in the world for migrants. Wealthy individuals often favor countries that offer work visas or citizenship with low lock-in money and opportunities for direct real estate investments. The UAE is one such country that offers such an environment to high-net-worth individuals.
According to a report “Global Pathways – Opportunities Beyond Traditional Borders” published by Cushman & Wakefield at IREX 2023, UAE has successfully established itself as the financial hub for the Middle East and Central Asia. The nation boasts of best modern infrastructure, transportation, and communication services. Dubai is the second largest of the seven emirates in UAE and ranks as the most important international city and financial and commercial center.
UAE Residence by Investment and UAE’s Golden Residence Visa are the two preferred routes for wealthy individuals to stay, work and live in any of the seven emirates – Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain.
Due to the advantageous tax regime—which includes many countries’ double taxation treaties—and the absence of capital, net worth, personnel income, or withholding taxes, UAE’s Golden Residence Visa is greatly favored by HNIs, investors, and individuals.
UAE Golden Visa
The UAE Golden Visa is a long-term residence visa for a period of 5 years or 10 years depending on the categories. The Golden Visa is one of the most appealing forms of long-term residency in the UAE, with the goal of attracting investors, entrepreneurs, specialized talents, researchers, scientists, doctors, and outstanding students with promising scientific abilities to the UAE.
UAE Golden Residency visa for investors allows one to invest in public investments. This allows for the issuance of a ten-year self-sponsored residency permit for investors in public investments, without the need for a sponsor or host residing in the country.
Benefits of UAE Golden Visa
Investors from outside the UAE are granted a multiple-entry visa for a period of 6 months
Investors and business leaders can enter the United Arab Emirates for a maximum of six months using a multiple-entry visa. Following this, the visa will be converted into a 10-year Golden Visa.
If you are a resident, you will obtain a temporary visa for a period of one month and you will be required to convert your temporary visa to a Golden Visa during this period.
As per the regulations and the conditions, the resident may sponsor their family (wife, children and parents)
Owning investment projects such as real estate, trade and industry
Entrepreneurs can nominate 3 employees or partners in the project to obtain the Golden Visa
Outstanding students are able to sponsor their families whenever they have the financial Potential.
Conditions and Criteria for UAE Golden Visa
Have a business idea or business plan that you wish to establish legally in the UAE
A letter from an investment fund approved in the UAE stating that there is a deposit of 2 million dirhams, Or
Valid commercial or industrial license with the company’s incorporation contract with the investor so that the investor’s capital is not less than 2 million dirhams, Or
Investing in a new or existing company as a partner with shares of a minimum of AED 2 million, not financed by a loan, Or
A letter from the Federal Tax Authority stating that he is the owner of a company that pays the government no less than 250 thousand dirhams annually
As a Real estate investor, a letter from the Real Estate Registration Department in the relevant emirate stating that he owns one or more properties whose value is not less than 2 million dirhams, stating that the property is not subject to a loan.
