United Arab Emirates (UAE) Golden Visa
Residency By Investment
Second Passport Through Business and Real Estate Investment
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UAE Golden Visa
In 2019, the United Arab Emirates (UAE) started offering a Golden Visa program to target entrepreneurs, well-established business owners, and investors looking to leave their mark and help further develop the corporate environment in the UAE.
The UAE Golden Visa program has been changed to attract more investors and travellers. To get a 10-year visa, you need to invest at least $545,000 or AED 2 million in real estate or start a business. For a shorter visa, investing $204,000 or AED 750,000 in real estate will get you a 2-year visa. These changes began in October 2023.
UAE Overview
The UAE is heralded as one of the world’s most concentrated areas of wealth, with a significant interest in promoting entrepreneurship. It is becoming one of the most sought-after locations for residency by investment. The UAE offers unique global access and additional benefits for investors by connecting them with others who share similar interests. If you’re considering starting or expanding your business and enjoy a fast-paced environment, the UAE is an excellent place to explore.
Investment
Minimum investment of EUR 145,000
Processing Time
Processing time of 4 to 6 months.
Key Benefit
Visa free travel to over 172 countries
Citizenship by Investment UAE
- Over 18 years old
- Capable of confirming the legality of the income
- No criminal record
- Without any socially dangerous diseases, such as HIV or tuberculosis
- Option 1: By investing in real estate, you can secure a ten-year residency visa in the UAE. This opportunity is available in Freehold Zones, designated areas where foreign nationals are allowed to own property. The required minimum investment for this visa is AED 2,000,000, approximately $545,000, and this threshold remains constant regardless of the investor’s family size. Additionally, investors have the option to finance their purchase through a mortgage from a UAE bank, provided they can make a down payment of 50%.
- Option 2: To obtain a 2-year residency visa in the UAE, investors are eligible to purchase properties within the Freehold Zones. Should an investor opt for financing through a loan, a 50% down payment is required. The minimum investment amount varies based on the number of property owners. A single investor must invest at least AED 750,000 ($204,000). However, if the property is jointly owned by spouses, the required investment increases to AED 1,000,000 ($272,255).Additionally, an investor has the option to include their spouse and any children under the age of 18 in the residency visa application.
- Over 18 years old
- No criminal record
- Without any socially dangerous diseases
- Unmarried sons under 25 years old
- Unmarried daughters of any age
- Without any socially dangerous diseases, if a child is over 18 years old
- 5 years upon receiving citizenship
- 10 years validity upon renewal for the residence
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Benefits of UAE Golden Visa
Process
- There is no strict requirement to live in the UAE full-time. However, to keep your status active, you must visit the UAE 1-2 times a year.
- Streamlined Golden Visa process. In comparison to other UAE visas, there is no need for sponsorship or employment. There is also a 6-month entry visa that leads to residency, with no strict requirements to remain in the UAE.
Global Mobility
- You can reside in any of the 7 Emirate states of your choice.
- Visa-free travel to 15 countries.
- Family members can be added as dependents to your application at no additional cost.
Wealth Protection
- UAE offers tax benefits to residency card holders. Holders are exempt from income, capital gains, inheritance, gifts, and property taxes. There is a corporate profit tax of 9% on profits over AED 375,000, which is $102,000.
- UAE investors will have access to the UAE’s banking network, enabling them to open multiple accounts in different currencies.
- Investors and dependents can use the UAE medical facilities, which are internationally known for their high-quality treatment.
- Investors can enroll their kids in local and international educational institutions, with many programs offered in English.
Country Information
Known for its sprawling desert landscape, the UAE combines impressive city landscapes with futuristic architecture amid the desolate desert dunes. From the expansive Persian Gulf to the city-enhancing Dubai Creek. The UAE’s capital is Abu Dhabi, internationally known as the epicentre of wealth. This city will leave you in disbelief as it embodies a futuristic metropolitan area. Abu Dhabi offers an unmatched experience, complete with luxury. The UAE has nurtured the growth of numerous entrepreneurs, focusing on enhancing citizens’ livelihoods and advancing technology to improve overall quality of life. On a broader scale, oil extraction and refining are significant drivers of the UAE’s economy, with a considerable portion exported to countries like Japan and China for energy use.
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FAQs about UAE
Investors have the option to purchase real estate in Freehold Zones, designated areas within the UAE where foreign ownership of property is permitted.
Purchasing property in the UAE can qualify you for a residency visa, which may be valid for either 2 or 10 years.
Investors above the age of 18, possessing a lawful income, without any criminal history or serious infectious diseases, are eligible to apply for a UAE Golden Visa. The application can also encompass their spouses, unmarried sons below the age of 25, and unmarried daughters of any age.
Typically, acquiring a UAE residency visa can take over two months. The process involves an investor purchasing property, completing a medical examination and a Due Diligence process, followed by the issuance of a visa once the application receives approval.
Indeed, investors who reside in the country for 30 years have the opportunity to apply for citizenship through naturalization. Additionally, in certain instances, individuals may be granted UAE citizenship based on exceptional merit.
