Are you dreaming of a life where borders don’t limit your goals? The UAE golden visa offers the perfect way to make this happen. It is a gateway to global mobility, a superior lifestyle, and the liberty to live in premier locales. It is a transformative long-term residency program designed with supreme advantages for foreign talents, investors, and entrepreneurs. The unparalleled access to diverse cultures, economic landscapes, property ownership rights, access to world-class healthcare and education, and tax-related aids are some of the prominent golden visa benefits one can enjoy.
The UAE government initiated this strategic scheme to attract skilled professionals and contribute to the dynamic growth and global standing of the nation. Let’s explore some of the top golden visa UAE benefits and how this visa can reform the living and working experience in the UAE.
UAE Golden Visa
Golden Visa is a long-term residency program in the UAE that provides eligible individuals the opportunity to live, work, and study in the UAE without the need for a sponsor or employment. This visa is generally issued for 10 years and can be renewed as long as the specified conditions are fulfilled by the holder.
Top golden visa benefits in the UAE
These are the reasons why a golden visa is an excellent choice for long-term residency in the UAE –
Long-term residency
The Golden Visa offers a stable and long-term home in the UAE for up to 10 years. During this extended duration, the individual can plan their future confidently and build a solid foundation for long-term personal and professional development. Moreover, it opens up wide-ranging opportunities for career advancement and business growth in the UAE.
Global mobility and flexibility
The golden visa holders in the UAE can maintain their visa status without having to reside in the UAE continuously. However, the law states that visa holders cannot stay outside the UAE for more than six consecutive months. This feature is advantageous for overseas entrepreneurs and investors who operate across multiple countries and therefore, need to travel without residency restrictions. This, thus, promotes global mobility while allowing holders to sustain their roots and connections in the UAE.
Property ownership rights
Golden Visa holders can benefit from the right to buy and own property in the UAE without needing a local sponsor. They can invest in real estate, both residential and commercial, and secure their future in the booming real estate market of Dubai.
No requirement for sponsorship
One of the standout golden visa benefits in the UAE is the non-requirement for a local sponsor. This grants entreprenurs and investors full autonomy and control over their business operations. This further simplifies the process of running businesses by offering entrepreneurs and investors the flexibility to enhance their operational capabilities within the dynamic business landscape of the UAE.
Family Sponsorship
A UAE Golden Visa allows individuals to sponsor their family members, including their spouse, children, and parents, so that they can stay close to their loved ones and together enjoy the quality of life and opportunities in the UAE. In addition, they are also permitted to sponsor their domestic staff, including housemaids, drivers, and other domestic helpers.
No personal income taxes
One of the significant benefits of residing in the UAE is the absence of personal income tax. The no-tax policy exempts all residents from paying tax on their personal income, typically earned from employment, investments, or other personal sources. Golden Visa holders can also benefit from this policy and save the maximum out of their earnings.
No corporate taxes
Free Zones in the UAE, also offer significant fiscal benefits. These zones are exempted from corporate taxes, VAT, and import/export taxes. In fact, the corporate tax rate is highly competitive in the entire UAE and is said to be one of the lowest globally. In addition, the UAE has signed double-tax agreements with approximately 142 countries worldwide.
Access to employment opportunities
The Golden Visa benefits open numerous opportunities for employment and business. This draws many entrepreneurs and skilled professionals to come to the UAE and establish their respective careers. In addition, the world-class infrastructure, advanced technology ecosystems, and modern transportation networks contribute significantly to the professional growth of the individual. Similarly, business owners with a UAE golden visa can also enjoy several commercial benefits in this business-friendly environment, thus finding an easy way to start and grow their businesses.
Multiple entry
The holders of the UAE golden visa can enter and exit the country frequently without any restrictions. They have the flexibility to travel and explore new destinations for business, leisure, or personal reasons without the inconvenience of visa applications each time.
Exemption from traditional employment restrictions
The UAE golden visa benefits include an exemption from traditional employment restrictions. This exemption allows visa holders to pursue multiple job opportunities simultaneously, even entrepreneurship, without risking their visa status. This flexibility is useful for professionals who are looking to enhance their careers through different experiences.
Access to healthcare and education
The UAE residents with a Golden visa can gain access to an exceptional healthcare and education system for themselves as well as their families, featuring state-of-the-art facilities equipped with the latest technology and staffed by world-class health and educational professionals.
Esaad privilege card
The Esaad privilege card, issued to the UAE Golden Visa holders provides discounts and deals at numerous retail outlets, restaurants, and services across the country. It makes their everyday expenses more affordable, thus enhancing their lifestyle.
Travel benefits
Golden Visa allows its holders to travel conveniently within the UAE and to various countries. This simplifies their travel planning and allows them to maintain global business connections.
Eligibility to apply for a Golden Visa in the UAE
The UAE Golden Visas are issued to specific categories of people, and the eligibility criteria vary accordingly.
- Public investors – Those who have invested at least AED 5 million in a government-approved public project in the UAE.
- Entrepreneurs and startup owners – Those who establish or own a business in the UAE, registered with the Ministry of Economy.
- Exceptional talents – Highly skilled individuals who have made significant contributions to the field of science, medicine, education, or sports.
- Scientists – Highly qualified scientists with a PhD degree and at least 10 research papers published in international journals.
- Skilled professionals – Skilled professionals who have a bachelor’s degree or higher and at least 5 years of experience in their profession.
- Students – Those who have enrolled in a full-time degree program at a university in the UAE.
- Humanitarian pioneers – Those who have made significant contributions to humanitarian causes and have been recognized for their work.
- Real estate investors – Those who have purchased a property in the UAE worth at least AED 2 million.
Secure your Golden Visa with Shuraa Business Setup
Thus, the golden visa UAE benefits make it an attractive choice for long-term residency, offering valuable opportunities to investors, entrepreneurs, skilled professionals, as well as students. However, the application process might be a bit complicated for those unfamiliar with the regulations and protocols. But no worries! Shuraa Business Setup will simplify it for you.
Their team of experts will ensure that all the visa requirements are duly met and the application is submitted successfully. Contact Shuraa today and get ready to enjoy the benefits of the Golden Visa in the UAE.