UAE’s Golden Visa Program Explained for Investors, Entrepreneurs, and Exceptional Talent
The Golden Visa program basically grants permanent residency (between five and ten years) to individuals who fall into one of the following categories: investors, entrepreneurs, people with exceptional talent (such as researchers, doctors, and people working in the scientific and knowledge fields), and exceptional students.
The primary advantage is most likely security; by issuing Golden Visas, the UAE government has demonstrated its commitment to giving expatriates, investors, and pretty much everyone else wishing to settle in the UAE additional reasons to feel confident about their future.
Each group has different requirements for obtaining a Golden Visa, but they are all dependent on the applicants adhering to the terms and regulations of the program.
Requirement for a Golden Visa
Dubai has revised the prerequisites for the 10-year Golden Visa, a move that is expected to stimulate the real estate sector.
Previously, in order to be eligible for the visa, real estate investors had to submit a down payment of AED $1 million. However, other accounts state that this need has changed.
Investors can now apply for a Golden Visa by buying a property valued AED 2 million ($545,000) or more. This is true regardless of the down payment amount and the state of the property (off-plan, completed, mortgaged, or not mortgaged).
10-year Visa Eligibility Requirements For Various Groups of People
Investors
- Possessing a public investment of at least AED 2 million, either as a corporation or an investment fund
- Real estate shall not comprise at least 60% of the entire investment.
- The invested capital cannot be lent, and investors must take full ownership of whatever assets they hold.
- For a minimum of three years, the investor must be allowed to keep the investment.
Business partners may be added to this 10-year visa with the condition that each invest AED 10 million. The holder’s spouse, children, one executive director, and one advisor may also be included on the long-term visa. You may also renew this visa.
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People with certain skills
Under the category of specialized talents, there are people such as doctors, researchers, scientists, investors, and artists. Once these people have received accreditation from their respective departments and fields, they may be eligible for a 10-year visa. Their spouses and kids are also granted visas.
5-year Eligibility Requirements for Visas
Investors in real estate
The 5-year visa requirements are pretty much the same as those for regular investors. The only distinction is that an investment of AED 5 million is needed. Their dependents are likewise covered by the visa.
Business owners
Entrepreneurs can apply for a five-year UAE resident visa. The eligibility conditions also include having an approved business incubator in the nation or having an ongoing project with a minimum capital of AED 500,000. Their six-month multi-entry visa is extendable for a further six months. Three executives, a partner, and the spouse’s children are all covered by the long-term visa.
Exceptional Students
Outstanding students from high schools and universities can apply for a five-year UAE resident visa. Students from certain institutions with a GPA of 3.75 or higher upon graduation, as well as high school athletes who place first in the nation with 95% grade requirements, are eligible to apply.
The Visa for Golden Enterprise
Apart from the previously mentioned, international citizens wishing to establish their business in the United Arab Emirates have the option to apply for a five-year permanent residency visa under the Golden Business Visa program.
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What Benefits does the Golden Visa offer?
The Golden Visa program basically grants permanent residency (between five and ten years) to individuals who fall into one of the following categories: investors, entrepreneurs, people with exceptional talent (such as researchers, doctors, and people working in the scientific and knowledge fields), and exceptional students. The primary advantage is most likely security; by issuing Golden Visas, the UAE government has demonstrated its commitment to giving expatriates, investors, and pretty much everyone else wishing to settle in the UAE additional reasons to feel confident about their future.
The “Thrive in Abu Dhabi” initiative encourages foreign talent to work, create, study, succeed, and invest in important industries and specializations in Abu Dhabi in exchange for long-term Golden Visas and a route to citizenship.
International talent and investors from all over the world can apply for the UAE’s Golden Visa in Abu Dhabi, which grants them a visa for a maximum of ten years. This encompasses professionals and scholars in the domains of science and knowledge, including physicians, scientists, innovators, and experts. It is also available to commercial, start-up, and real estate investors in the emirate, as well as gifted persons in the arts and sports.
Abu Dhabi has many high-growth areas that are fostering the development, achievement, and success of brilliant people. These include the financial services sector, healthcare, agribusiness, R&D, creative sectors, and a robust start-up environment.
Abu Dhabi is a desirable location to live, work, and invest because of its unmatched way of life, vibrant culture, and diversified people. a house that one can call home.
Two Types of Golden Visas are Accessible to Investors
Investor visa: granted to individuals who fund businesses and projects in Abu Dhabi that are not real estate.
Real Estate Investor Visa: who purchase real estate in Abu Dhabi.
Investor Visa
If an investor in Abu Dhabi meets one or more of the following requirements, they may be granted a 10-year visa:
- A minimum capital deposit of AED 2 million made into an Abu Dhabi bank account or investment fund.
- Founded a business in Abu Dhabi for at least AED 2 million, or invested at least AED 2 million as a partner in an already-existing or newly formed company.
- Own a business that pays at least AED 250,000 in federal taxes on a regular basis.
- Be a partner in a business that files federal taxes, contributing a minimum of AED 250,000 in taxes annually or more.
Investments made after the visa is granted must be kept for a minimum of two years. The Investor Visa covers one advisor, one executive director, one spouse, and one child. If the applicable regulations are met, the visa holder may sponsor a domestic worker.
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Real Estate Investors Visa
If they meet the following requirements, real estate investors are qualified for a five-year visa:
- Invest in a property with a minimum gross value of AED 2 million.
- To be eligible for the visa, a minimum cash down payment of AED 2 million of the property’s worth is needed if the property or portfolio of properties is mortgaged.
When the visa is granted, the investment needs to be kept for a minimum of two years. Spouses and children are eligible for visas under the Real Estate Investor Visa. If the applicable regulations are met, the visa holder may sponsor a domestic worker.
