The UAE offers a “golden visa” program that provides long-term residency to investors, entrepreneurs, talented individuals, and professionals in various fields. This program aims to attract talent, foster economic growth, and enhance the country’s competitiveness on a global scale.
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Golden Visa Benefits
Long-term residency
Successful applicants receive residency visas that are valid for longer durations, typically 5 or 10 years, and can be renewed.
Multiple entries and stay
Holders of the golden visa can enter and exit the UAE multiple times without the need for additional visas.
Family sponsorship
The visa can extend to the applicant’s spouse and dependent children, allowing them to reside in the UAE as well.
Work and business opportunities
Golden visa holders can work, establish businesses, and invest in the UAE without the need for a local sponsor.
No income tax
The UAE does not impose personal income tax, allowing residents to enjoy tax-free income from their work or investments.
Access to services and facilities
Visa holders can access various services such as education, healthcare, and banking facilities on par with UAE citizens.
Real estate investment
The golden visa program is attractive to real estate investors, as property ownership can be linked to eligibility for the visa.
Education opportunities
Children of golden visa holders can access quality education in the UAE, including prestigious international schools and universities.
Retirement planning
The long-term residency option can be particularly appealing for retirees looking for a stable and welcoming environment to spend their retirement years.
It’s important to note that eligibility criteria, application requirements, and specific benefits might vary based on the type of golden visa (such as for investors, entrepreneurs, professionals, etc.) and could be subject to change as per the UAE government’s regulations and policies. Prospective applicants should consult with official government sources or legal advisors to get the most current and accurate information before applying for the golden visa in the UAE.