May 24th, 2023 at 04:16 am
UAE Immigrant Golden Visa Application Guide
In recent years, the United Arab Emirates has become a popular place for golden visa investments. This is because it has a strong real estate market, good flight connections to anywhere in the world, and a flexible visa system, all of which attract a large number of foreign investors. Dubai and Abu Dhabi are the key places that get money from outside the country.
The Golden Visa program for foreign businessmen was started by the UAE government in 2019. This plan was made to make the country the best place for foreign investors to put their money. UAE gives out “golden visas” to entrepreneurs, real estate investors, and business investors.
Why UAE?
- Investors get 10-year visas and can own 100% of a company.
- The Middle East has a major airport hub with good air links
- Hottest housing market
- Home for people with HNW and UHNW
- No taxes on cash or business
- There’s no need for a backer.
- Expats can live, work, and do business in UAE because their visas are automatically extended.
- Through the Golden visa website, it’s easy to fill out an application.
UAE Golden Visa
These three business routes can be used by foreign investors. AED 1,150 is the fee for investor status.
1. Real estate – AED 5 million / USD 1.35 million
5-year visa
- The investor must put their money into a building with a total value of at least 5 million AED.
- The money put into real estate can’t come from a loan.
- At least three years must pass before the property can be sold.
2. Public investments – AED 10 million / USD 2.7 million
10-year visa
If each business partner gives AED 10 million, the visa can be extended to include them. The long-term visa lets the husband, children, one executive director, and one advisor travel with the person. Foreign investors can apply for a six-month pass that lets them come and go more than once.
- A deposit of at least 10 million AED in a local investment fund
- Setting up a business in the UAE with a minimum capital of AED 10 million
- Partnering in an existing business or starting a new one with shares worth at least AED 10 million
- Investing at least 10 million AED in all the areas listed, with at least 60% of the money going into areas other than real estate.
3. Entrepreneurs – AED 500,000 / USD 135,000
Visa for 6 months
Startups must put in at least AED 500,000 and get approval from a business center that is recognized in the country. The business can get a six-month visa that lets them come and go and can be renewed for another six months. On the long-term visa, the husband and children, as well as a partner and three executives, are included.
Startup founders can easily apply for a business visa.
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