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Golden Visa in UAE

June 28, 2024

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    What is Golden Visa 

    The UAE's Golden Visa program offers a long-term residency option with exceptional benefits for talented individuals, investors, and their families. Unlike traditional visas, it grants unique advantages including freedom from local sponsorship requirements, access to top-tier healthcare and education systems, and potential tax benefits. This forward-thinking initiative aims to attract skilled professionals, fueling the UAE's ongoing growth and solidifying its position on the world stage.

    Advantages of Golden Visa

    1. Long-Term Residency (10 Years)

    The UAE's Golden Visa stands out with its extended 10-year residency, far exceeding the limitations of standard visas. This lengthy duration provides a stable platform for individuals and their families to flourish both personally and professionally. It unlocks opportunities for a long-term career progression and business expansion, opportunities typically restricted by shorter visa constraints. Additionally, this extended stay fosters deeper integration into the UAE's vibrant community and cultural tapestry. By cultivating a stronger sense of belonging and a richer understanding of local traditions, the Golden Visa elevates the overall quality of life in the UAE, making it a compelling proposition for aspiring residents. 

    2. Property Ownership Rights

    To meet the real estate requirements for a UAE Golden Visa, one must purchase a property or group of properties worth at least 2 million Dirhams. 

    3. No Sponsor Required

    The UAE Golden Visa distinguishes itself by eliminating the need for a local sponsor, a stark contrast to most other residency visas in the country. This eliminates a layer of complexity when setting up and managing businesses, granting entrepreneurs and investors greater flexibility and streamlining their operations within the UAE's vibrant business environment.

    4. Family Inclusion

    The UAE Golden Visa extends residency benefits to family members, including spouses, children, parents and house workers. This fosters a strong sense of unity and belonging, creating a secure environment for families to thrive.

    5. No Tax on Personal Income

    The UAE's tax system offers a major advantage for residents, including Golden Visa holders. The country boasts a zero personal income tax policy, meaning residents keep all their income earned from employment, investments, and other sources. 

    6. No minimum in-country stay duration requirements.

    Unlike other types of visas, the Golden Visa does not require spending a certain number of days or months in the country each year. Thus, giving one the freedom to travel and be in the country according to his needs. 

    7. Access to Healthcare

    The UAE Golden Visa extends a significant advantage: access to the country's healthcare system. This world-class system boasts state-of-the-art facilities equipped with cutting-edge technology and staffed by highly skilled medical professionals. Residents with the Golden Visa benefit from a wide range of advanced treatment options, fostering a sense of security and well-being for themselves and their families.

    8. Access to Education

    The UAE Golden Visa unlocks significant advantages for families with children, especially in terms of education. This includes potential cost reductions for higher education, making prestigious institutions more accessible for families. Golden Visa holders can also leverage international university branches in Dubai, offering students a broad range of academic programs and the opportunity to earn globally recognized degrees.

     Who can get Golden Visa 

    ​​The following categories of individuals may receive the UAE Golden Visa:

    1. Investors contributing funds to the UAE economy;
      • Individuals with a deposit of at least AED 2,000,000 invested for a period of at least two years in one of the UAE banks participating in the Golden Visa program;

      • Companies' shareholders who have contributed a share capital of at least AED 2,000,000;

      • Individuals holding ownership of one or more real estate properties with a total value of at least AED 2,000,000;

      • Individuals annually paying taxes to the UAE government budget in the amount of at least AED 250,000;

      • The individuals listed above may receive a ten-year Golden Visa.

    1. Outstanding specialized talents:

      • Doctors, scientists, athletes, creative artists, inventors, executives, specialists in scientific fields, top managers and doctoral degree holders who demonstrate outstanding achievements and have recommendations from relevant regulatory authorities;

      • The individuals listed above may receive a ten-year Golden Visa.

    1. Entrepreneurs:

      • Founders of an economic project focused on technical innovations, assessed by an auditor for at least AED 500,000 and accredited by UAE business incubator;

      • The individuals listed above may receive a five-year Golden Visa.

    1. Outstanding Students:

      • The top students of public high schools or private secondary schools with a minimum grade of 95%;

      • Outstanding students of universities approved by the UAE Ministry of Education as Class A and B universities, with GPAs of 3.5 and 3.8 respectively, who completed their studies no more than two years ago;

      • Outstanding students of foreign universities from the world's top 100 universities with a GPA of at least 3.5, who completed their studies no more than two years ago;

      • The individuals listed above may receive a ten-year Golden Visa.

    1. Pioneers of humanitarian work;

      • Outstanding employees who have worked in international and regional organizations for a minimum of five years;

      • Outstanding employees who have worked for civil associations and institutions of public interest for a minimum of five years;

      • Individuals who have received an appreciation award from a local, regional or international organisation that focuses on humanitarian work;

      • Funders of humanitarian projects providing financing of no less than AED 2,000,000;

      • The individuals listed above may receive a ten-year Golden Visa.

    1. Frontline heroes:

      • Nurses, medical assistants, lab technicians, pharmacologists and other specialists approved by the Frontline Heroes Office who have demonstrated extraordinary efforts in crises, such as the COVID-19 pandemic;

      • The individuals listed above may receive a ten-year Golden Visa.

    Conclusion 

    Golden Visa is a great way to live, work and enjoy the UAE. It offers great benefits and suits a wide variety of people - if you think you might be eligible for a UAE Golden Visa, now is the time to make your move and begin exploring the idea. Get in touch with us and we will show you how easy it can be to obtain a Golden Visa and establish a business in the UAE. 

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