Benefits Of Golden Visa In Uae

According to UAE laws, the Golden Visa program is based on a property investment. An applicant who applies for permanent residency under this programme has to invest either in real estate or in stocks and bonds, and then receive an “employment license” from UAE, which they will have to maintain during their stay in the Emirates.

When it comes to the different investment programs for living in another country, many people look towards a government-backed program. The Golden Visa program in the UAE is one example of a program anyone can invest in, opening up more opportunities than simply investing in real estate properties. We will base our discussion today on – Benefits Of Golden Visa In Uae. But, other resources which you can find on our website include some frequently asked questions such as: golden visa uae benefits for family and benefits of golden visa uae for students

Benefits Of Golden Visa In Uae

Golden visa is the ticket for property investment, immigration and long term residency in UAE. It grants you a five year residence permit which will be extended if you choose to make additional investments. Golden Visa allows its holder to travel freely to the UAE four times a year with their partners, children or business associates for a duration of up to 90 days.

For those who don’t know the Golden Visa scheme it is a non conditional residence permit that is issued to investors from overseas. Applications can be made by individuals, investors, entrepreneurs and companies. Investors can apply for a referral as a result of which they give away 8% of their capital over a minimum period of 5 years.

  • UAE Golden Visa: Benefits, Procedure and Eligibility
  • What are the benefits of the golden visa?
  • Who can apply for the UAE Golden Visa?
  • What is the procedure to obtain the UAE Golden Visa?
  • How much does the Golden Visa cost?
  • What are the requirements to obtain the Golden Visa?
  • How can Connect Resources assist you to obtain the UAE Golden Visa?

UAE Golden Visa: Benefits, Procedure and Eligibility

The UAE is one of the top destinations of the world. For this reason, many foreign investors, professionals and entrepreneurs look for ways to establish in this country.

In addition, the UAE Government has launched several initiatives with the aim to attract top talent to boost the economy. One of these initiatives is the UAE Golden Visa.

This new visa scheme was implemented in 2019, and its purpose is to offer long-term residence visa for individuals. It also enables foreigners to work, live and study in the UAE. However, there’s a significant difference since individuals won’t need a sponsor.

In all the other visa schemes, individuals must have a national sponsor since it is mandatory. But, with the new golden visa, it’s no longer required.

Therefore, there are many UAE golden visa benefits that people can get once they receive this document. So, many foreigners want to know how to get it and See which steps you must follow to hire employees from India.

What is the UAE Golden Visa?

The Golden Visa is a legal document that grants long-term residency to foreigners. The UAE has several visa schemes, so individuals can apply for the most convenient for them.

The most common one is the UAE employment visa, where an employee gets sponsored by an employer and receives a residency that is valid for 2 o 3 years. There’s also the UAE freelancer visa, where the individual gets a residency for 1 year.

However, the most interesting aspect about the UAE golden visa is the fact that it offers residency for 5 to 10 years. This is highly appealing for foreigners that want to live in the UAE and don’t want to worry about renewals so often.

Nevertheless, the UAE Authorities have established strict regulations regarding who can receive this document. So, it’s important to know if you’re eligible and how you can apply and Here you can see how you can get a job in Dubai while you’re on a visit visa.

What are the benefits of the golden visa?

With the UAE Golden Visa, the individual can receive the following benefits:

  • Long-term residency in the UAE ( 5 or 10 years)
  • Security about their future in the country
  • Live, work and study in the UAE
  • 100% ownership of businesses in the UAE’s mainland
  • No need to look for a national sponsor

If you want to get all of these golden visa UAE advantages, you need to know first if you’re eligible.

What is the purpose of the UAE Golden Visa?

The UAE Government launched the golden visa with the purpose to retain talented people in the country. By eliminating the restriction of needing sponsor, individuals who meet the eligibility criteria can know apply easily.

Since it’s a straightforward process, anyone can do it. However, sometimes it may be challenging, so if you need assistance you can always contact Connect Resources and Contact Connect Resources specialists to get assistance with Emiratisation.

Disadvantages of the Golden Visa

Disadvantages of obtaining a Golden Visa

Just as there are many advantages, there are also some disadvantages to obtaining a Golden Visa. 

In the previous post, we told you about the advantages of obtaining a Golden Visa residence permit and this time we are going to tell you about the disadvantages. 

The Golden Visa is mainly obtained by having a real estate asset of more than half a million euros. If the person concerned does not have this amount, the residence permit will be withdrawn. In addition, it is not enough to prove that you have this amount the first time you apply. 

In the previous post, Antonio Villena talked about the advantages of the Golden Visa, and one of them is the possibility of applying for a residence permit for adult children who are economically dependent on their parents.  

As soon as this adult child gets married, he or she will no longer be entitled to this residence permit. 

But as we always say, from theory to practice, many things can change and this case is no exception. 

With the help of a professional in the field and some knowledge of how the regulations work, these inconveniences can be addressed and resolved. 

In the video below, Antonio Villena explains and informs you of some of the options that can be used in this type of case for these “inconveniences”. 

If you have any doubts about this, we recommend you watch the video. If you have any questions, our team will be happy to help you.

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