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The United Arab Emirates (UAE) is a popular destination for entrepreneurs and investors from all over the world. The country’s stunning architecture, booming economy, and glittering skylines are just a few of the reasons why people are drawn to the UAE. In recent years, the UAE has also introduced a golden visa program, which offers long-term residency to qualified individuals.
The golden visa is a major draw for entrepreneurs, as it allows them to live, work, and travel in the UAE without the need for a local sponsor. This gives entrepreneurs the freedom to focus on their businesses without having to worry about visa restrictions. Additionally, golden visa holders are allowed to own 100% of their businesses in the UAE, which gives them even more control over their financial future.
The golden visa application process has become more streamlined, as the Dubai Land Department (DLD) now accepts applications based on property evaluation. This is good news for investors who are interested in obtaining a golden visa in Dubai.
One of the most common categories of golden visa is the investor visa. To qualify for this visa, you must invest a minimum of AED 2 million in real estate in Dubai. You can also qualify by investing in a business in Dubai or by making a significant contribution to the UAE economy.
Obtain a 10-Year Golden Visa through Real Estate Investment
Entrepreneurs from all over the world are drawn to the UAE for its business-friendly environment and welcoming culture. In order to attract and retain these entrepreneurs, the UAE government has introduced a Golden Visa program. This program offers long-term residency to qualified entrepreneurs who make a significant financial investment in the UAE. This investment can be made in a variety of ways, such as setting up a new business, investing in an existing business, or buying real estate.
The Dubai Land Department (DLD) has recently amended the rules for obtaining an investor visa in Dubai. Previously, the price of the property as mentioned in the title deed was the only factor that was considered to determine eligibility. This meant that if the property’s market value was higher than the purchase price, but the purchase price was less than AED 2 million, the applicant would not be eligible for the visa.
However, the new rules state that the current market value of the property will be considered, regardless of the purchase price. This means that if the current market value of the property is over AED 2 million, the applicant will be eligible for the visa, even if the purchase price was less than AED 2 million.
Key Requisites for Obtaining a Golden Visa
Are you thinking of applying for a golden visa in the UAE? We can make the process easy for you. The UAE government has set specific requirements to define who is eligible for an investor visa. Here are the main requirements:
- You must be in the UAE.
- You must own a property in the UAE worth at least AED 2 million.
- The property can be jointly owned by you and your spouse, as long as you both have equal shares. If not, the person with the highest share can become the primary visa holder and sponsor the other.
- You must own a title deed with a market value of over AED 2 million.
Advantages of Obtaining a Golden Visa
The golden visa has become popular for good reasons. Here are some of the advantages it offers:
- Stay in one of the safest countries in the world. The UAE is consistently ranked as one of the safest countries in the world, making it a great place to live and raise a family.
- Sponsor your family for the same 10-year period. With a golden visa, you can sponsor your spouse and children for the same 10-year period, giving you peace of mind knowing that they will be able to live and work in the UAE with you.
- Extended stay outside the country. Golden visa holders are allowed to stay outside the UAE for up to 180 days per year, without having to renew their visa. This gives you the flexibility to travel and work abroad without having to worry about your residency status.
- Sponsor up to three domestic helpers and drivers. Golden visa holders can sponsor up to three domestic helpers and drivers, which can be helpful if you have a large family or if you need help with household chores.
- Sponsor your parents for 10 years. Golden visa holders can sponsor their parents for 10 years, which can be a great way to bring your loved ones closer to you.
- Sponsor your child for up to 30 years for boys or girls of any age. Golden visa holders can sponsor their children for up to 30 years, regardless of their age or gender. This is a great way to give your children the opportunity to grow up in a safe and prosperous country.
Secure Long-Term Residency in the UAE with the Golden Visa
Don’t miss your chance to secure a long-term residency in one of the most exciting and prosperous countries in the world. If you’re interested in obtaining a long-term residency visa in the UAE, our expert consultants can help you make the process faster and easier. We’ll work with you to ensure that you meet all of the eligibility requirements and that your application is processed smoothly.
The UAE Golden Visa is a great way to secure your future and build a better life for yourself and your family. It offers a number of benefits, including the ability to live, work, and study in the UAE without a sponsor, the ability to own property, and the ability to sponsor your family members for residency.
If you think you might be eligible for a UAE Golden Visa, now is the time to act. Contact ExpressPRO’s company formation experts in Dubai today to learn more about how we can help you obtain a Golden Visa and establish a business in the UAE.
