Everything about Golden Visa that You Should Know in the UAE

“It’s always bright and beautiful in Dubai”

The warm temperatures, tax-free income, a secure living, sophisticated infrastructure, and decent banking system, You name it, and Dubai has got you covered for everything! What if we tell you, that it is now possible to call Dubai, your home. Yes, Dubai has a good approach to introducing investor-friendly policies. This visionary leadership city values talents, expertise, and well-qualified expatriates.

With the introduction of the UAE investor visa, it is possible to call Dubai your HOME! People from around the globe can think about investing in the land, feeling safe, and at ease; without worrying!

This long-term residency visa, also known as Golden Visa has gained immense popularity. In the current times, it has become a trending topic worldwide, as it gives 5-10 years of visa access! Getting a legal visa is an essential element, offering you the peace to work, live, and feel belonged in the country. Amongst endless visa opportunities offered, you can apply for a Golden visa, luring in amazing benefits.

Wondering what good can happen through a Golden Visa? Let Evernest Real Estate help you understand its perk! For those who are planning to shift to this wonderful city of lights with their family. Or looking forward to investing their hard-earned money in the safest places in the world, all they need is a decent investment visa.

What is a Golden Visa in the UAE?

“Gaining a Golden Visa is no less than an award!”

UAE government introduced a few years ago, a visa that can change your life. One that has benefited you in the long run, in the form of a legal permit to work, study and live stress-free. Dubai Golden visa is designed for investors, and ex-pats, who want to call this land their home and to have a secure future. The government is utilizing the visa to grow foreign investment alongside uniquely growing the country's GDP.

Besides businessmen and entrepreneurs, even talented professionals can apply for visas. This visa grants applicants some premium privileges and surely removes endless hurdles in their successful journey. This visa offers long-term residency, with the main benefit of adding security to the future of residents.

The Opportunities of Golden Visa Nobody Tells You

“With promising capacity, excellent skillset, and high expertise, getting a golden visa for you, seems possible.”

1. The visa offers long-term residency ranging from 5-to 10 years.

2. One of the primary advantages of the visa is the security that it offers. Through the issuance, the government of Dubai gives clarity to the receivers, to have a sense of security about their future.

3. Moreover, having a visa along with a valid driver's license from your home country provides quick access to the UAE driver’s exam. Ensuring, you don't have to go through a long procedure of taking extra classes.

4. There is no age limit, anyone can apply for the same. It is available for children, to spouses of the visa holder.

5. The residency permit for 10 years can be easily renewed.

6. Once you have a golden visa, you don't need to rely on a sponsor or employer for a safe stay in the city.

7. Visa won’t be canceled if the holder travels outside UAE and stay for more than six months, away.

A 10 Year Residency Program

More than anything, Dubai offers the best lifestyle guaranteed. It is a paradise for luxury seekers! There are endless answers to the question of, Why Live in Dubai? And that is what makes a golden visa, an opportunity not to miss. The requirement to qualify for getting a Golden Visa varies since it needs to adhere to the Golden Visa’s norms and restrictions.

1. INVESTORS

For a 10-year residency, you must have at least 10 million dirhams of public investments. There are distributions in the investment, with real estate ranging to only 60% of it. With that, the amount invested should not belong to a loan amount and must be retained in the account for at least 3+ years.

2. TALENTED INDIVIDUALS

Those who don't wish to invest can still apply but under a special talent category. The category is ideal for;

• Doctors

• Scientists

• Investors

• Creative individuals in art and culture.

There are a few terms and condition under this category, that needs to be addressed. This includes being fully accredited by the Emirates Science Council, Ministry of Culture & Youth, and the Ministry of Economy.

A 5 Year Residency Program

1. Real Estate investors

One of the best parts about Dubai is, that anyone, from any corner of the world, thinks about investing. And, if you are thinking as to why invest in Dubai? The city is the land for the opportunist and a true delight to the investors.

Real estate investment is one of the best ways to gain the ownership of Golden Visa, how? Those who have invested in property of around 5 million, or an off-plan property of not less than 2 million Dirhams, can apply for the same. But, the most crucial thing to note is, that the amount shouldn't be loaned, and it needs to be retained for 3 years, minimum.

2. Entrepreneurs

For 5 year residency, even entrepreneurs are eligible to think of gaining long-term residency. For that, they must have an existing project, given the minim capital investment is AED 500,000. With that, it also needs to have official approval from a well-recognized business startup.

Not just that, the details of health insurance, and all sorts f documents related to it, of the family, must be in hand. Entrepreneurs who are applying for a Golden visa must have a multi-entry visa for six months, as it can be renewed every six months.

3. Students

Another category that can achieve this milestone is students. And, it is for not just any students, but extraordinary, talented ones, having a grade beyond 95%. They can be achieving high academic performance in either public or private sector schools. Moreover, university students looking to gain a Golden visa should have a good GPA of 3.75 upon graduation to qualify.

Golden Visa: A Divine Opportunity!

UAE Golden visa has been benefiting many personalities from different walks of life to gain 5-10 years of residency! People who meet the requirement can apply for the same, or look out for ways they can invest in Dubai. Real Estate in Dubai is a booming sector, with great opportunities for investors, to earn high rental yields.

More than that, this visa allows people to expand their opportunities in the field of work, or for residency options. This long-term residency is sure to attract young talents, skilled workers, entrepreneurs, and professionals to invest and boost their business! There is a number of people who have been awarded the visa in acknowledgment of their outstanding skills or status.