New UAE Golden VISA Rules For Investors 2024
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 […]