Know 10 Benefits of the Golden Visa
A Golden Visa is a long-term residency permit for foreign nationals in the UAE. A person with a Golden visa can live, work, and study in the country without the need for a local sponsor. This visa programme promotes investors, entrepreneurs, skilled professionals, and outstanding students.
Long-Term Residency
A holder of a Golden Visa can enjoy long-term residency options ranging from 5 to 10 years. While traditional visas need to be renewed frequently, the Golden Visa helps individuals to a long-term future in the UAE.
Extensive Tax Benefits
Golden Visa holders in the UAE are relaxed from paying personal income tax. Additionally, the UAE government provides a favourable tax environment to help individuals and businesses with high net worth.
No Local Sponsor Needed
Once you get a Golden Visa, you do not need the support of a local sponsor. Golden visa owners can enjoy 100 % ownership of the business and operate it in the UAE. Additionally, they can enjoy greater control over their investments and professional ventures.
Enhanced Employment and Business Opportunities
Golden visa opens up golden opportunities to employees and investors in the UAE. They can enjoy unrestricted access across different industries or switch jobs freely. Investors and employees can establish their companies as well.
Property Ownership Rights
Golden Visa holders enjoy the right to own property in designated areas across the UAE. This includes the ability to purchase real estate in freehold zones, providing an opportunity to invest in one of the most dynamic property markets in the world, with the potential for high returns and long-term capital appreciation.
Visa for Multi entry
The Golden Visa offers the convenience of multiple entries, allowing holders to travel in and out of the UAE without additional visas. This enhances global mobility, making it easier for individuals to maintain international business ties, travel for leisure, or visit family abroad while retaining their residency in the UAE.
Exclusive Benefits and Esaad Privilege Card
Compared to foreign nationals on standard visas, Golden Visa holders have access to a series of exclusive benefits. This includes the Esaad Privilege Card with discounts and special offers across various sectors. Esaad Card holders can have unrestricted access to retail, hospitality, education, and healthcare sectors and enhance quality of life.
Family and Domestic Workers Inclusion
Golden Visa promises extended benefits to immediate family members, including spouses and children offering stability and security. Besides, domestic workers will also get the benefit of a Golden Visa.
Exemption from Employment Restrictions
Expatriates in the UAE face many restrictions if they are on standard visas. However, Golden Visa exempt them from employment restrictions and they can work in multiple roles. They can also change employers without losing residency status or launch an entrepreneurial venture to explore opportunities.
Benefits for Doctors
Healthcare professionals, including doctors holding Golden Visa, can enjoy enhanced access to the healthcare system of the UAE. This brings the finest opportunity for professional recognition and career advancement.
How to Complete the Golden Visa Process?
The UAE administration has introduced certain criteria for the issuance of Golden Visa. The first step here is to determine the eligibility for a Golden Visa considering the profession, investment, or academic achievements.
Next, the applicants will have to gather the required documents, including a valid passport, proof of qualifications, and financial statements.
In the third step, foreign nationals will have to apply through the official UAE immigration portal or with the help of a consultant.
A medical examination and necessary security clearances are essential.
Pay the fee and your Golden Visa will be issued.