UAE Golden VISA
The new UAE Golden VISA Rules For Investors 2024, with the minimum down payment in Dubai being reduced as of January 2024. To qualify for a 10-year Golden Visa in the UAE, investors now pay only 20% of the property value as a down payment when purchasing a property in Dubai instead of the previous 50%
What is the UAE’s Golden visa?
The UAE’s ‘Golden visa’ is a long-term residence visa which enables foreign talents to live, work or study in the UAE while enjoying exclusive benefits which include:
- an entry visa for six months with multiple entries to proceed with residence issuance
- a long-term, renewable residence visa valid for 5 or 10 years
- the privilege of not needing a sponsor
- the ability to stay outside the UAE for more than the usual period of six months in order to keep their residence visa valid
- the ability to sponsor their family members, including spouses and children regardless of their ages
- the ability to sponsor unlimited number of domestic helpers
- the permit for family members to stay in the UAE until the end of their permit duration, if the primary holder of the Golden visa passes away.
Benefits of the UAE Golden Visa
The UAE Golden Visa offers a plethora of benefits that appeal to global investors and professionals seeking long-term residency and stability:
- Long-Term Residency: Visa validity for 5 or 10 years, renewable without conditions.
- Work and Business Freedom: Permission to work, establish businesses, and engage in economic activities in the UAE without the need for a local sponsor.
- Family Inclusion: Sponsorship of immediate family members (spouse and children), enhancing family unity.
- Education and Healthcare: Access to top-tier education and healthcare facilities in the UAE.
- Investment Opportunities: Facilitation of real estate ownership and other investment opportunities in a thriving economy.
learn more about the requirement
New UAE Golden VISA Rules For Investors 2024
Previously, to be eligible for the 10-year renewable residency program, which was introduced in 2019, investors were mandated to purchase properties valued at 2 million AED or higher.
However, for properties acquired through mortgage or installment plans, homebuyers were obligated to make a minimum down payment of 1 million AED, or 50% of the property’s value, to the bank or developer to meet the criteria for the golden visa. Under the new regulation, investors can qualify for the golden visa if the property’s value is 2 million AED or more, regardless of its status as off-plan, completed, mortgaged, or not mortgaged.
Why Invest in a UAE Golden Visa?
Investing in a UAE Golden Visa not only secures long-term residency but also opens doors to a flourishing business environment and a high standard of living. Whether you’re an entrepreneur looking to expand your venture, a skilled professional seeking career growth, or an investor eyeing strategic opportunities, the UAE Golden Visa provides a gateway to limitless possibilities in the heart of the Middle East.
Conclusion
In conclusion, the UAE Golden Visa represents a paradigm shift in residency and investment opportunities, offering stability, growth, and a world-class lifestyle in one of the world’s most dynamic economies. Whether you’re drawn by business prospects, educational excellence, or simply a superior quality of life, the Golden Visa ensures that your aspirations align seamlessly with the UAE’s vision for the future.
Ready to Invest in UAE?
Ready to explore the benefits of the UAE Golden Visa firsthand? Contact us today to discover how you can secure your path to long-term residency and investment in the UAE. Embrace the future with confidence and seize the opportunities that await in this global hub of innovation and opportunity.
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