The Golden Visa is a groundbreaking initiative launched by the UAE, offering long-term residency and unparalleled benefits to foreign individuals and their families. It grants distinctive privileges, including property ownership rights, access to premier healthcare and education, and tax-related perks. Overall, the UAE Golden Visa benefits are finely tuned to allure skilled professionals and boost dynamic growth and the global reputation of the UAE.
In this blog post, we will explore the different categories of the UAE Golden Visa, including the benefits it holds for investors, professionals, and other categories.
UAE Golden Visa: Explained
The Golden Visa is a renewable long-term residency permit issued to specific groups of individuals including investors, entrepreneurs, specialized talents, and others. It provides individuals with long-term residency for 5 to 10 years, without requiring a local sponsor. However, the applicants must prove their eligibility to apply for this visa.
Introduced in 2019, this scheme was aimed to inspire, create opportunities, and retain talent within the country, consequently boosting economic growth.
Categories of UAE Golden Visa
The top categories of the Dubai Golden Visa are as follows: –
- Executives – Skilled workers and professionals
- Investors – Invested in business or financial assets in the UAE
- Real Estate Owners – Purchased a property or owned off-plan property in the UAE
- Entrepreneurs – Aspiring entrepreneurs or have an already established business in the UAE
- Exceptional Talents – Individuals with outstanding talent in the fields of art, culture, digital technology, sports, innovation, medicine, law, and others
- Scientists – Scientists and researchers
- Students – Outstanding students with remarkable academic success
- Humanitarian Pioneers – Notable members of prestigious international and regional organizations, prominent members of public benefit organizations, recipients of humanitarian recognition awards, distinguished humanitarian volunteers and supporters, doctors, nurses, etc.
Top UAE Golden Visa benefits
Let’s go through the UAE Golden Visa benefits one by one: –
Long-term residency
The Golden Visa in the UAE grants extensive residency to individuals for up to 10 years. This prolonged stay helps in personal and professional advancement and particularly benefits those who are looking to establish their business in the UAE. Overall, it paves the way for comprehensive career growth and business expansion.
Furthermore, the extended residency facilitates its holders by allowing them to settle into the UAE’s societal fabric, cultivating a sense of belonging and a greater appreciation for local customs and traditions, thereby enhancing their overall living experience.
Property ownership
The UAE Golden Visa recipients can avail themselves of the exclusive right to own property within the country. This benefit is boosted by reduced fixed interest rates on mortgages, offering Golden Visa holders more viable financing alternatives.
Furthermore, this perk also facilitates the growth of property investments, given the thriving real estate market of the UAE and its renowned status in global business and tourism.
No local sponsor needed
One of the unique UAE Golden Visa benefits is its exemption from the need for a local sponsor. This is a cutting-edge advantage for entrepreneurs and investors as it providesthem with supreme control over their business endeavors and residency choices. This privilege not only streamlines business setup and management but also provides flexibility and convenience in the dynamic business landscape of the UAE.
Family Sponsorship
Family sponsorship is one of the crucial UAE Golden Visa benefits. It allows its holders to sponsor their family members, such as spouses and children. It fosters unified family units which means they do not have to apply individually for each family member. This provision strengthens family ties and instills a deep sense of security and belonging within the country. All these features, thus, make it an appealing choice for individuals desiring a peaceful and integrated family life in the UAE.
Access to career and business opportunities
The UAE Golden Visa holders can have unparalleled access to employment and entrepreneurial opportunities. The nation is renowned for its world-class infrastructural facilities, cutting-edge technology, exceptional healthcare facilities, and a modern transportation network. All this together provides a conducive environment for business growth and professional success.
Tax-free income
The UAE Golden Visa is aligned with the UAE’s no-tax policy. This provides a significant financial benefit to its owners. This policy exempts UAE residents, including Golden Visa holders, from paying personal taxes on income earned from employment, investments, and other personal sources.
Multiple-entry visa
The UAE Golden Visa benefits include multiple entry privileges, that allow professionals to travel freely without having to apply for a new visa upon each entry/exit from the country. This facility streamlines personal as well as official trips and positions the UAE as an optimal hub for international connections. Additionally, holders can also nurture ties with their home countries and discover new opportunities without any visa application hassles.
Access to healthcare
The UAE Golden Visa provides the families of its holders access to an outstanding healthcare system, equipped with groundbreaking technology and top-tier medical professionals. The advanced medical facilities include diverse treatment options that ensure security in terms of the health and well-being of the residents. In addition, the Golden Visa also facilitates access to top-notch leisure and entertainment options.
Access to education
Just like healthcare, the families of Golden Visa holders can also avail access to UAE’s noteworthy education system, which renders top-tier educational opportunities. The children of the families can enroll in international university branches in Dubai, engage in diverse fields of study, and attain globally recognized qualifications. Additionally, the UAE government also extends immense support in promoting educational excellence and equipping families with the necessary resources required for academic development and achievements.
Esaad Privilege Card
The Esaad Privilege Card is a notable advantage of the Dubai Golden Visa. This exclusive card offers a range of benefits and discounts on varied services such as automobiles, real estate, healthcare, hospitality, health insurance, and banking. It elevates the overall value of the Golden Visa, providing a valuable array of financial and lifestyle advantages.
Travel benefits
The Golden Visa holders can enjoy seamless travel possibilities and even reside abroad forever. Dubai, being the prime headquarters for avid travelers, provides them with exceptional connectivity to many global destinations.
Retirement privileges
Individuals considering retirement in the cosmopolitan and vibrant atmosphere of Dubai can take advantage of the Golden Visa and enjoy their golden years in safety, luxury, and cultural diversity.
Visa renewal opportunities
After the expiration of the initial five or ten-year validity period, the Golden Visa holders can easily apply for visa renewal. The visa experts at Shuraa can assist you in this process and arrange all the requisites on your behalf to lessen the burden off your shoulders.
Procedure to secure a Golden Visa in the UAE
To obtain a Golden Visa, the individual must go through the following steps: –
- Check the eligibility
- Prepare the documents
- Obtain an entry permit
- Undergo medical examination
- Apply for the mandatory ID cards and health insurance
- Get the Visa stamp on the passport
Get your UAE Golden Visa with Shuraa Business Setup!
In conclusion, the UAE Golden Visa benefits are many. It provides a platform for individuals to progress and prosper in a country that continuously goes beyond the bounds of innovation and opportunity. So, if you’re an entrepreneur or simply an aspirant seeking a higher quality of life, this visa is your key to unlocking the vast potential of this dynamic city.
For further inquiries regarding the UAE Golden Visa or the benefits of starting a business in Dubai, please contact +97144081900 or email info@shuraa.com
