Due to its location, tax incentives, and exciting business environment, the United Arab Emirates (UAE) is becoming a key destination for entrepreneurs, investors, and professionals from all corners of the globe. Of the many offerings the UAE provides to entice foreign talent, the Golden Visa stands out as a particularly attractive offer. A long-term residency visa, the Golden Visa provides a number of advantages that help professionals and their families create a successful life in the UAE.
In this blog, we will examine the UAE Golden Visa, the requirements, and the benefits provided, with a focus on Indian citizens who would like to benefit from this opportunity.
What is the UAE Golden Visa?
The UAE Golden Visa is a long-term residency visa available to foreign nationals, that allows the individual to live, work, study, and travel within the UAE. The validity of the visa can be up to ten years and provides a pathway for professionals, entrepreneurs, investors, and talented people to have a long-term life in the country.
Unlike the traditional UAE visas, the Golden Visa does not require a local sponsor or employer. This gives the visa holder considerable independence, making it a popular choice for many foreign citizens seeking to live in the UAE.
Advantages of the UAE Golden Visa
The UAE Golden Visa provides new benefits to qualified professionals, individual entrepreneurs, and their families. Some of the key benefits are:
1. Ten-Year Duration
The UAE Golden Visa is valid for up to ten years, offering a long-term residency option, and its duration allows for significant flexibility. Golden Visa holders can take comfort in the stability and security that renewal provides when planning for the future.
2. UAE Work Eligibility
Golden Visa holders receive legal work eligibility allowing them to conduct business activities for all of the UAE, including Dubai, the global business hub. This allows the entrepreneur or investor to properly manage their business in the UAE while avoiding the obstacles associated with having to maintain an employer sponsored visa.
3. No Employer Sponsorship
Unlike most of the work visas available in the UAE, a sponsoring employer is not required for the Golden Visa. This allows the applicant to apply on their own merit, without needing to have employment in the country or rely on a local company to sponsor the application.
4. Tax incentives
Tax incentives are a significant perk of the UAE Golden Visa. The UAE is known for having no personal income tax, making it a great choice for people wishing to keep as much money as possible. There are other tax benefits available to UAE residents as well that increase its allure.
5. Spouses and Children are Eligible for Residency
When a UAE Golden Visa is granted to someone, their spouse and children (at any age) will also receive residency. This is a big benefit for professionals, as it allows them to relocate with their families much easier.
6. Domestic Workers are Sponsored
Golden Visa holders can sponsor the visas of any number of domestic workers. This includes nannies, drivers, and other house staff. This can be especially advantageous for families with children who need help with their daily lives.
7. Free Esaad Privilege Card
In 2022, the UAE also introduced the Esaad privilege card to Golden Visa holders. This card is issued to the government’s employees and will allow occasions for exclusive discounts, and offers at over 7000 locations within UAE and also 92 other countries. The Esaad card gives much easier access to Golden Visa holders for exclusive offers locally and worldwide.
8. Healthcare Options in the UAE
Golden Visa holders and their families can take advantage of the carefully developed healthcare system in the UAE. Also, Esaad card holders can use this card to receive discounts at healthcare professionals, increasing residents’ affordability of quality healthcare.
9. Travel Made Simple
The UAE Golden Visa is a multiple-entry visa for holders to come and go from the UAE with ease and without reapplying for a permanent resident visa each time they fly back in. The Golden Visa is an appealing option for individuals who travel often, by travel for business regularly or travel for personal reasons often.
10. Renewing Your Visa
When the original five or ten year validity period of the Golden Visa ends, a Golden Visa holder may apply for a visa renewal. This adds the potential for stability and flexibility to continue to live and work in the UAE for the next several years.
Who is Eligible for the UAE Golden Visa?
The UAE Golden Visa has many options for individuals, from entrepreneurs and investors to talented professionals in many subjects. Below are some groups of individuals that will qualify for the Golden Visa:
1. Entrepreneurs
Entrepreneurs with a project valued over AED 500,000 (as audited by a registered UAE auditor) can potentially qualify for the UAE Golden Visa. All business owners – small and large – that want to set up or grow their business in the UAE can qualify as entrepreneurs.
2. Specialized Talent
Doctors, scientists, artists, inventors, international-level athletes, and people with PhDs may qualify for the Golden Visa. The UAE wants to bring in the best talent in the best industries to aid their growth as a global business and cultural hub.
3. Humanitarian Workers
Approved members or employees of international humanitarian organizations who contributed significantly to the organization or their mission may qualify for the Golden Visa.
4. Frontline Heroes
Those in the medical sector – doctors, nurses, lab technicians, and pharmacologists – who played an active part on the frontline may also qualify for the Golden Visa in recognition of their contributions to society during the pandemic in 2020.
5. Investors
Real estate investors or persons who participate in public investment also qualify for the Golden visa, making this a tremendous opportunity for individuals interested in leading investment activities in the UAE´s growing real estate and financial markets.
6. Exceptional Students
Exceptional students populated from secondary or higher education with exceptional academic results may also qualify. Students can also use this opportunity to potentially work in the UAE upon graduation.
Is the UAE Golden Visa right for you?
The UAE Golden Visa has many benefits, and is a good option for Indians willing to relocate to the UAE. As an entrepreneur, investor, or professional in a certain industry, the Golden Visa provides the safety and opportunities needed to succeed.
If you think the UAE Golden Visa may be right for you, now is the time to assess the criteria and apply.
Avito Properties can provide multiple services as you explore the option to relocate, and approach the visa process without stress or difficulty.
Whether you want to grow your business, invest in real estate, or take advantage of living in a tax-friendly business-friendly region, the UAE Golden Visa gives you the chance to succeed.
Bottom Line
The UAE Golden Visa can be a unique and productive opportunity for Indian nationals to live and work in one of the world’s most diverse regions. Long-term residency, tax benefits, and family dependents make it easier for skilled professionals, entrepreneurs, and investors to achieve success in the UAE.
If you’re considering making the UAE your home, the Golden Visa might just be the perfect solution for you. Contact Avito Properties (Real Estate Agency in Dubai) for a free consultation and learn how we can help you unlock the doors to a new chapter in the UAE.
Take the next step in your journey—explore the UAE Golden Visa today!
