Are you looking to relocate to the UAE? If so, you may be eligible for a UAE Golden Visa.
This visa allows foreign nationals to live and work in the UAE without the need for
sponsorship from an employer.

The UAE Golden Visa program, launched in 2018 by the UAE government, is now attracting
many investors from all corners of the world. It’s got some great benefits and pretty much
anyone can apply. Read on to find out everything you need to know about this opportunity.

RECENT UPDATES ON THE UAE GOLDEN VISA

The UAE Golden Visa Program provides the opportunity for investors to obtain a residence visa
in UAE upon investment in real estate. The government announced recent amendments to the UAE
Golden Visa Program. If a person’s UAE real estate assets totalled at least AED 2 Million,
they can apply for a 10-year Golden Visa without a sponsor. You can obtain a UAE Golden Visa
if you pay a down payment of 10% on an off-the-plan property that you buy straight from the
developer or a down payment of 25% on a mortgaged property. When applying for the Golden Visa
under these categories, the investor may additionally list their spouse and dependents.

HOW LONG IS THE GOLDEN VISA PROCESS?

Applications for UAE residence must include completed application forms and should be
accompanied by the appropriate fees and supporting documents. For the investment fund and
senior employees options, the residence visas obtained are valid for 10 years. For the
real estate option, the visas are valid for five years and can be renewed thereafter.

Once the initial due diligence checks have been completed and the retainer paid, then the
application for UAE residence can be submitted to the government. As soon as the requirements
have been fulfilled, pending initial approval of the application, the successful applicant
receives a six-month multiple-entry visa and travels to the UAE to apply for an ID card and
undergo a medical check. Thereafter, full approval is granted and the client receives the
residence visa.

The processing time for the residence application is three months from the submission of
the application to its approval.

BENEFITS OF HOLDING A UAE GOLDEN VISA

  • 10 years of UAE Residency.
  • No sponsor or employer is required.
  • There is no maximum limit to applying for domestic workers’ visas/work permits.
  • Applicant’s spouse and unmarried children, one executive director, and one advisor may be
    added at no additional investment.
  • The limitation period to stay outside the UAE does not apply for the visa holders; i.e.,
    the visa is not cancelled if the holder lasts outside the country for more than six months.
  • The residence visa is granted to family members of visa holders, including spouses and
    children, with no age limit.
  • Favorable tax regime for investors — with no personal income, capital, net worth, or
    withholding tax (except for those levied in the domestic banking and oil sectors), and
    several double-tax treaties in place.

WHY INVEST IN DUBAI

The UAE offers several compelling reasons for investors to consider putting their money into
the country. First and foremost, the UAE is a stable and secure country with a strong economy.
The UAE has a very business-friendly environment, and there are many opportunities for investors
to get involved in various industries. Further, the UAE offers multiple tax advantages for
investors, including no personal income tax or capital gains tax.

Another reason to invest in the UAE is its growing market. The population of the UAE is increasing
rapidly, and there is a growing demand for goods and services. This allows investors to tap into
new markets and grow their businesses. Additionally, the UAE has a young population that is
well-educated and has disposable income. This makes the UAE an attractive market for companies
selling luxury goods and services.

Finally, the UAE offers a golden visa program for investors who meet specific criteria. The
golden visa program provides residency visas for investors and their families and access to
free healthcare and education. This program makes it easier for investors to live and work
in the UAE and gives them access to many benefits that make investing in the country even more
attractive.

In conclusion, investing in an AED 2 Million Property is a great way to get permanent residency
in the UAE. The visa surely comes with a lot of benefits so if you are thinking of investing in
property in the UAE, this is a great option to consider. We at Tribeca Real Estate provide you
with content-rich listings in Dubai to make your process easier. Let our team of luxury property
specialists find the right investment opportunity for you and support and guide you with property
listings and property law (legal advice) in the UAE market.

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