The UAE Golden Visa Program was launched in 2019 to attract international leaders in business, finance, tech, and the arts to the country and boost its economy. The program offers residency for investment starting at AED 5,000,000. To broaden its reach and encourage a more diverse group of investors, the minimum investment price was lowered to AED 2,000,000 in April 2022.
One of the most attractive features of the UAE Golden Visa Program is its user-friendly application process. Applicants can begin the process from anywhere in the world, and upon meeting the requirements, they are issued a six-month multi-entry visa to enter and remain in the UAE for the final stages of their application. Successful investors are granted “Golden Residence,” a permit for residency that enables them to live in the country for either 5 or 10 years, depending on which category of visa they pursue.
UAE Golden Visa holders are entitled to a host of benefits, including the ability to reside, work, and invest in the UAE. They can also attend the country’s prestigious universities. Additionally, eligible dependent family members, such as spouses and children of any age, can be added to the same UAE Golden Visa application.
Renewing the Golden Visa is also an option for those who wish to maintain their residency in the UAE beyond the initial period. Renewal is possible for the duration that corresponds with the originally selected visa category.
Overall, the UAE Golden Visa Program is a fantastic opportunity for those seeking a new life in the UAE. Its straightforward application process and range of benefits make it an excellent choice for investors looking to contribute to the country’s growth and development.
The United Arab Emirates (UAE) is a global leader in finance, business, and the arts, and with its UAE Golden Visa Program, it’s now easier than ever to become a resident. Introduced in 2019 to attract global leaders and stimulate the economy, the program has made it possible for foreign investors to live, work, and invest in the UAE by offering residency for investment at a minimum price of AED 5,000,000. And now, with the minimum investment price reduced to AED 2,000,000 in 2022, more would-be residents can take advantage of the program.
The UAE Golden Visa program offers a simple application process, and applicants can begin the process from anywhere in the world. Successful investors are granted a six-month multi-entry visa that allows them to enter and stay in the UAE during the final stages of their application. Those who meet the requirements are granted “Golden Residence,” a residency permit that allows them to live in the country for 5 or 10 years, depending on the type of visa they pursue.
UAE Golden Visa holders enjoy a luxurious standard of living, access to rewarding financial prospects, and zero taxes on personal income. Additionally, they can attend the UAE’s prestigious universities, work in the country, and invest in its thriving economy. Spouses and children of any age can also be included in the application, and eligible dependents can remain in the UAE throughout the residency period.
Applicants can also secure visas for their eligible non-UAE national household employees, making the UAE Golden Visa program the ideal choice for those seeking a new way of life.
For those interested in public investments, the program offers two paths for Residency by Investment: investing a minimum of AED 2,000,000 in a government-endorsed UAE public fund or ownership of a UAE-based company that contributes a minimum of AED 250,000 in taxes to the UAE economy.
Become a part of the vibrant culture and economic powerhouse that is the UAE by applying for the UAE Golden Visa program today.
Obtaining a UAE Golden Visa through Real Estate Investment is a viable option for those looking for residency in the country. By purchasing eligible properties, applicants can secure a 10-year UAE Golden Visa. The minimum value of the property required for eligibility is AED 2,000,000, and two properties can be purchased to meet the valuation requirement, provided they are cumulatively valued at the minimum requirement.
The purchased real estate can be public or private, but applicants must provide written confirmation of possession from the UAE’s Real Estate Registration Department to confirm their eligibility. The confirmation must state the property’s sale price and confirm that the owner-applicant has used their own funds to purchase the property, without any loans or mortgages.
However, applicants may pursue loans to purchase the property, but only from a UAE bank that has been endorsed by the relevant regional authority. It’s important to note that mortgages or loans on properties can only be obtained if the owner has already paid AED 2,000,000 in cash/funds towards the price of the property.
Another advantage of the Real Estate Investment option for a UAE Golden Visa is that it is both renewable and obtainable without an official sponsor. In addition to extant properties, applicants can also purchase undeveloped real estate, approved for development by a specific entity in the state, with a minimum valuation of AED 2,000,000.
The UAE Golden Visa program offers two investment options, which include real estate and public investments, with a minimum investment of 2,000,000 AED. Applicants must also pay residency and ID fees of 2,280 AED and 575 AED respectively for the real estate investment option, and 2,790 AED and 1,070 AED respectively for the public investments option.
UAE Golden Visa Eligibility
To be eligible for the UAE Golden Visa, applicants must provide evidence of total ownership of the funds invested, proof of a permanent dwelling in the country (for the real estate investment option), obtain UAE health insurance for themselves and their dependents, and undergo a physical examination to confirm their health status.
Advantages of Residency in the UAE
The UAE offers a high standard of living and a stable, prosperous environment for its residents. Its economy is constantly growing, and it has invested heavily in health, technology, luxury, and design. Its cities are renowned for their impressive architecture, with Dubai offering luxury shopping centers, high-end retail, and world-class restaurants, and Abu Dhabi hosting cultural and academic outposts such as the Louvre Museum and New York University.
The UAE values diversity, and it seeks to attract top talent from around the world in various fields, including business, finance, and the arts. Overall, the UAE Golden Visa program is an excellent opportunity for individuals seeking a dynamic, multi-national community and the many advantages of residency in the UAE.
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