In February 2021, the United Arab Emirates made significant changes to the UAE citizenship law. The government will allow qualifying investors and people with special talents to be naturalized, along with their families as a part of the UAE Golden Visa.
What Is the UAE Golden Visa?
UAE Golden Visa, which is also known as Dubai Golden Visa, is a long-term residency visa that allows investors and talented foreigners to live, work, and/or study in the country.
Benefits Of Having a Golden Visa in Dubai
The benefits of the Golden Visa UAE include, but are not limited to, the following:
- Dubai Golden Visa is a self-sponsored visa since no sponsorship from an employer is required.
- With the Golden Visa UAE, you’re able to extend your stay outside the UAE beyond the typical six-month limit to maintain the validity of your residence visa.
- You’re able to include your spouse and children, regardless of their ages.
- You do not need a separate work or employment permit to work in the Emirates.
- You can have access to health, education, and other services that the government provides.
- You can benefit from visa-free travel to 133 countries and visa-on-arrival to 47.
- The growing real estate market gives non-UAE individuals an opportunity to access high-value investment options.
- Golden Visa holders do not have to pay income tax. Besides, the country has double taxation agreements with several countries. Therefore, you do not have to pay taxes on the same income.
Dubai Golden Visa Requirements
The requirements for the UAE Golden Visa vary according to the type of residency being sought, such as an investor, talent, entrepreneur, etc.
- For investors, the minimum investment required is AED 2 million ( USD 550,000) in the UAE.
- Entrepreneurs need to demonstrate a track record of successful business ventures and a minimum investment of AED 2 million.
- Talented individuals must have a proven track record in their field of expertise, relevant academic qualifications, and endorsements from recognized international organizations.
- Executives, high-skilled professionals, and specialized talents are also eligible for the Golden Visa.
- Applicants must pass background checks and fulfill other general conditions, such as a valid passport and a clean criminal record.
- The criteria may be subject to change over time, as the UAE Golden Visa program is designed to attract exceptional individuals who can contribute to the country’s growth and development.
- The Golden Visa requirements aim to ensure that applicants are well-qualified and bring significant value to the UAE, while promoting diversity and innovation in various fields.
