The beauty of the Arabian Peninsula and its grandeur is easy to appreciate when you are in its eastern part, where the famous Emirates are located. Before 2019, becoming a part of the local population was not possible apart from naturalization and other lengthy ways. Fortunately, things have changed. Golden Visa provides a special status that opens up a wide range of benefits and opportunities for foreigners. The benefits are numerous. Visa-free entry to Schengen and unrestricted admission to 176 countries is one of the pros of obtaining "admission". Other advantages can be listed forever, they go beyond temporary residence. Having obtained citizenship, you are not obliged to visit the country once or twice a year and renew your passes. It remains to enjoy a luxurious life, develop business, improve your financial opportunities thanks to "soft" tax rates and, of course, do not worry about the future of your children.
This document is a long-term residency granted to foreigners with outstanding achievements, significant investments or high professional skills. It differs from other types of visas by an extended validity period of up to 10 years with the possibility of an extension. Investors can get a "pass" when investing in the economy, including buying real estate, investing in businesses, or contributing to local projects. There are specific financial thresholds that must be met to qualify as an investor. According to investment programs, the minimum investment amount is AED 2 million ($544,000). So what are the 9 benefits of the UAE Golden Visa?
Long-term Residency in the UAE
Those who have already obtained a UAE Golden Visa have the right to stay in the country for up to ten years, leave and cross borders at any time without being bound to one Emirate. The access to this privilege applies to all categories of people with sufficient budgets. Applicants may bring dependents with them who are in their custody.
Tax-Free Living
By using a UAE Residence visa, you do not pay income and corporate taxes. Property is also tax-free. VAT payments are only made if your income for one year exceeds AED 365,000 (about $99,373). The Arab Emirates has double tax treaties with more than 100 countries.
Business Opportunities and Investment Incentives
Visa holders can conduct business and invest without restrictions. An optimally developed infrastructure and economy play a crucial role in improving the quality of life of citizens. As of 2021, Dubai was ranked 5th in the Resonance Consultancy's ranking of the world's top 100 cities.
Opportunities for Real Estate Investment
There are several popular Emirates where it is allowed to buy real estate to get citizenship. These are Abu Dhabi, Sharjah, Dubai, Fujairah and others. Here you will find numerous skyscrapers, luxury villas and apartments. The UAE is known for its low tax burden. In some cases, investors can enjoy tax exemptions on rental income and capital gains. In others, visa privileges apply. Some areas may experience significant increases in property values, which can lead to capital gains.
Access to World-Class Healthcare and Education
Education and medicine (the amount of services available depends on the type of health insurance) are indeed free for citizens, although private educational and medical institutions are also developing in the country. In 2020, the UAE spent 14.8% of the federal budget on public education and 6.89% on healthcare.
Family Benefits: Including Spouse and Children
A significant advantage is that those with a "pass" enjoy the exclusive benefit of family sponsorship, including spouses and dependent children. This provision ensures that family members can enjoy the same benefits and opportunities, promoting unity.
Enhanced Travel Flexibility
This state is a leading centre for business and tourism, and this "permit" opens up additional opportunities for sponsors. It is possible to travel to various nearby Emirates and countries, not only for leisure purposes but also for productive work. Visa-free access to more than 150 destinations is open.
No Sponsor Requirement
When investing in charitable funds, buying bonds or real estate in one of the areas of the territory, you get many advantages, including the fact that the application process takes place without going to the sponsor. All you need to do is go to the migration process service and collect a set of documents. By completing the transaction, you are one step closer to your dream and can settle in the richest country in the world.
Prestige and Global Recognition
Buying residency in such a promising part of the world, you provide yourself with opportunities and stability. The path to long-term residency for foreign residents is fast and can be finalized in a few months. Everyone receives many privileges and benefits, including the issuance of the Esaad card, thanks to which you can enjoy discounts on entertainment, goods and services in the land of oil tycoons.
The Golden Visa offers unique opportunities for those seeking stability, security and growth opportunities in one of the world's most dynamic economies. Do you want to get UAE citizenship? Take advantage of a program that attracts investors, entrepreneurs and talented professionals, contributing to the country's multicultural and innovative development. To avoid misunderstandings in the process, we recommend that you seek help from professionals.
