Details on the Dubai Golden Visa’s Benefits
Dubai Golden Visa’s Benefits
The UAE’s world-class infrastructure, cutting-edge technology ecosystem, and state-of-the-art healthcare facilities are just some of the reasons why it is a leading global hub for international entrepreneurs and talented professionals. As a result, the country offers unparalleled access to global opportunities and markets, making it an ideal base for businesses and families. In addition, the ease of business setup, as well as the country’s strategic geographical location, make it an attractive destination for investors.
Aside from the tax-free environment, the Golden Visa Dubai offers numerous benefits that can help investors and skilled professionals achieve long-term residency in the country. For example, holders can live, work and study in the UAE without any restrictions. They also have the right to own property and bring their family members with them. In addition, they are eligible for medical and private insurance coverage. Moreover, they can enjoy the country’s advanced healthcare facilities and high-quality education.
Depending on the investment, a golden visa allows the holder to stay in the UAE for either five or 10 years. It also gives them the option to travel to and from the UAE as many times as they wish. Moreover, it is possible for the holder to sponsor his or her spouse and children irrespective of their age, as well as provide domestic support services. It also permits them to change their jobs at any time without having to renew their visas.
Details on the Dubai Golden Visa’s Benefits
To obtain a UAE Golden Visa, you must meet certain criteria, such as investing at least AED 10 million in public investments (either a fund or company). However, the investment funds should not be borrowed. Furthermore, at least 60% of the total investment must be invested in sectors other than real estate. Lastly, the investor must hold the assets for three years.
In addition to the above requirements, you must submit documents such as a clear scan copy of your passport and a recent personal photo with white background. You must also have a proof of employment with the company in which you are working and a letter from the bank stating your salary. Additionally, you must present audit reports of your business and a letter from the authority indicating that your project is a future or technical project.
The golden visa is valid for five or ten years, and it is renewed automatically. This means that you do not have to worry about reapplying for a visa after it expires. Moreover, it allows you to travel within and outside the UAE freely. It also gives you the right to open a bank account and work in the country. Moreover, you can sponsor your family members under the same visa and purchase property.
The UAE Golden Visa is available for investors, chief executives, special talents (doctors, scientists, and coders), and outstanding students. The 10-year entrepreneur visa includes the spouse and children irrespective of their age, sponsorship of domestic support staff without restriction, and three executive directors.