The UAE government has implemented several additions to their entry and residence permits: Golden Visa categories and Green Visa.
What is the UAE Golden Visa?
The UAE Golden Visa is a special visa that allows individuals from other countries to live and work in the country for up to 10 years. The government grants this visa to specific groups of people, such as
Investors
Startup Business Owners
Doctors
Engineers
Executives with a minimum salary of AED 50,000
Individuals with exceptional skills
Students with distinction
Here are some advantages of the Golden Visa:
With the Golden Visa, you can live, study, and work in Dubai without relying on a national sponsor. With automatic renewal, you have complete control over your business and can stay in Dubai for 10 years.
Golden Visa holders are treated as UAE nationals, which makes travelling to and forth UAE hassle-free.
The Golden Visa programme provides a welcoming and supportive environment for launching and growing new businesses.
UAE is tax-free, and obtaining a tax residence certificate from the UAE allows investors and foreign nationals to avoid taxes in their home countries. All income and profits earned in the UAE are tax-free, providing significant financial benefits.
Individuals seeking to retire in the UAE can also take advantage of the Golden Visa program’s retirement option, as the high quality of life makes it an appealing choice.
What are the requirements for a UAE Golden Visa?
The candidate must have a valid job contract in the UAE.
The candidate must have at least a bachelor’s degree or equivalent level of education.
The candidate must have a monthly salary of at least AED 30,000.
Own a property valued at least AED 2 million.
Purchase a property using a loan from specified local banks.
Purchase completed or off-plan properties worth at least AED 2 million from authorised local real estate companies.