UAE

UAE Golden Visa, sometimes called Dubai Golden Visa, allows holders to reside in the UAE for 5 or 10 years. The minimum expense to obtain a Golden Visa to the UAE is $136,000 if owning a project. Foreigners pay $545,000 if they make a public investment or buy real estate. Property prices in the UAE are 70% lower than in the US. Americans can enjoy the benefits this country provides. Tax optimization, low crime rate, stable economy, professional opportunities, and high healthcare attract expats worldwide. With all of this, the cost of living is 50% lower than in the US. This article explains what is required to obtain a UAE Golden Visa.

Zlata Erlach

The UAE’s expatriate population is over 88%, and Indians represent its largest part — nearly 30%. This figure is expected to go even higher. Since 2022, the conditions for getting a 10-year residence visa have been eased. The government reduced the minimum investment to AED 2 million instead of AED 5 million and allowed more categories of people to apply. Let’s look into who can now obtain a Golden Visa in the UAE — and how to do it.

Lyle Julien

In 2021, the UAE began to offer more citizenship opportunities for foreigners. The goal is to attract investors, healthcare professionals, scientists, and exceptional talents, improving the state’s economy. Those investing in property can obtain UAE citizenship by exceptional merit and keep their first passport. A Property Investor Residence Visa, which allows investors to reside and run businesses in the UAE, optimise taxes, and access other benefits, can be the first step to a second passport.

Zlata Erlach

The UAE offers different ways to obtain a residence visa, catering to different needs and circumstances. These include: 1. Investing in real estate. 1. Establishing a business. 1. Working for a UAE company. 1. Retiring in the UAE. 1. Enrolling in a university. 1. Getting a freelance visa. 1. Being a talented professional. 1. Being a close family member of UAE citizens or residents. UAE residents can live, work and study in the state for as long as their visa is valid. Let’s explore the different ways to become a resident of Dubai or one of the other emirates.

Zlata Erlach

The UAE is a place where you can admire the cityscape from the top of a skyscraper and hear a dune singing its song on the same day. Being a cultural and tech hub, the UAE offers high living standards for $980, or AED 3,600, per month for one person and $3,400, or AED 12,500 for a family of four, excluding rent.  Let’s discuss the cost of living in the three most popular cities in the country.

Zlata Erlach

Buying real estate is one of the ways to legally obtain residency or citizenship in another country. All it takes is purchasing an apartment, house, or commercial property that meets the country’s requirements. In Greece, for example, buying a property for renovation worth at least €250,000 qualifies an investor for residency. In Türkiye, investing at least $400,000 in real estate makes one eligible for citizenship. Here is where investors buy property, whether they can rent it out, and how to keep residency when selling property.

Elena Kozyreva

As of October 3, 2022, a 10-year Golden UAE visa is now available for investors. One of the ways to obtain it is by investing $545,000 in real estate. The UAE Golden Visa gives foreigners the right to live in the country for ten years with the possibility of renewing it. The applicants can bring family members and domestic helpers with them. Let’s look at all the Golden Visa benefits for both investors buying property in Dubai and foreign talents.

Zlata Erlach

The UAE Digital Economy Strategy, approved by the UAE Cabinet in 2022, aims to attract 100,000 coders to the country to empower the UAE’s digital workforce. The goal of this strategy is to increase non-oil GDP from 11.7% to 20% by 2031. This is the reason why the UAE has launched the Golden Visa program for IT specialists. In this article, we focus on the Golden Visa for IT professionals: who can receive it, what documents are needed, pros and cons of this type of visa, and a step-by-step procedure for obtaining it.

Zlata Erlach

First, it is almost impossible to get UAE citizenship, even though 80% of residents are foreigners. But there are some ways to get a legal opportunity to live and work in the UAE, including the Golden Visa. The UAE Golden Visa is an alternative name for the program giving two- or ten-year residence permits for investors, entrepreneurs, or talented and demanded specialists.  Here are some nuances and let’s observe them.

Zlata Erlach

Doing business in the UAE is one of the best ways to get a residence visa there. The minimum investment for obtaining it is $136,000. The country offers convenient conditions for business development: most companies are exempt from corporate tax, VAT is 15%, and a business can be registered remotely and even in a virtual commercial city. Entrepreneurs who open a company in the UAE can obtain a residence visa for 5 or 10 years.

Zlata Erlach

Foreigners with residence permits can open any bank account in the UAE. The process is relatively simple and can be done entirely online. Non-residents have to come to the bank in person, prove their compliance with the strict requirements of anti-money laundering legislation and provide more documents, including: - a passport copy; - bank statements from the country of residence; - utility bills indicating the payer and the address; - written explanation of the purpose of account opening.

Zlata Erlach

Getting employed or relocating to the UAE as a remote worker entails many benefits like paying zero taxes on your professional income, participating in international projects and gaining access to banking services and quality healthcare. To start or develop a successful career in the Emirates, one needs a work permit and a residence visa. The good news is that it’s the employer’s task to apply for all necessary permits. The bad news is that you still have to collect all the required documents and pass a medical examination in the UAE. Getting a work visa usually takes about two months and AED 3,300, or $900. Learn more about the process details and benefits for expats.

Zlata Erlach

Individuals in the UAE do not pay income tax, and businesses are exempt from corporate tax until June 2023, with a 9% tax afterwards. There are high taxes for businesses dealing in products considered harmful by the UAE government: companies selling tobacco, energy drinks, soda, and products containing sugar are subject to a 50­–100% tax.

Albert Ioffe

The real estate market of the UAE is constantly expanding. Now 2.5 times more sale and purchase transactions are conducted in the Emirates than 5 years ago. Many apartment complexes and villas are built in areas where foreigners are allowed to buy them. When investors purchase real estate in the UAE, they may get an additional source of income and become eligible for a UAE Golden Visa.

Elena Ruda

The UAE healthcare system is ranked in the top-50 in the world. Average life expectancy in the UAE is 80 years — only 4 years less than in Japan and Switzerland, which are world leaders in terms of life expectancy. Let us discuss how the healthcare system in the UAE works, how much medical services cost and who needs health insurance.

Zlata Erlach

Dubai is one of the world’s top destinations for doing business. Zero income tax attracts entrepreneurs from all over the world to obtain long-term business visas and operate a company in the UAE. Regular visas are granted to those who run a mainland or onshore company in the Emirates. Golden Visas require approval from a startup incubator or an investment of at least 2 million dirhams. Keep reading to learn the options for obtaining a business visa and decide which one to choose.

Zlata Erlach