UAE – three letters that many people associate with wealth and abundance. Not surprisingly, enterprising foreigners strive to get a UAE golden visa. The government offers to invest 2 million dirhams in apartments and get a golden visa in UAE in exchange. There are other ways. Scientists, entrepreneurs, honors students, and talented foreign nationals can count on being allowed to live, work, and study in an exotic region; the main thing is to learn all the conditions and requirements and meet them.
Investment and Entrepreneurship
The requirements for obtaining a long-term permit to stay in the state depend on many factors. One of the main differences is the purpose you will realize. UAE residency by investment requirements can be obtained in two ways:
●donations to the state fund;
●acquisition of immovable property.
Both options differ in their specifics and requirements for the candidate. If you want to make investments, you must:
1.Proof that you have two million dirhams.
2.Tax returns confirm the payment of 250 thousand dirhams to the state annually.
3.Availability of a health care contract.
If the conditions are met, and the result is positive, you become a holder of a ten-year permit. UAE Golden Visa Program is also suitable for those who own real estate or multiple properties. The purchase price must be equal to 2 million dirhams. Not only is the purchase allowed, but also a mortgage in certain banks. When applying, it will be necessary to confirm the ownership by a letter from the Land Office of the region. The period of validity, in this case, is five years. When it expires, you will be able to extend the visa.
People in business can also count on a five-year visa. However, you will need to prove that the company you plan to do is innovative and valuable in the tech industry. In addition, get an estimate of the startup’s value from an auditor. Projects of 500,000 dirhams or more will be eligible.
Talented professionals
The Emirates is rapidly developing, and this trend remains unchanged. Therefore, the state is interested in issuing appropriate permits to individuals who can bring something new to the country, to engage in improvement and development. High-class specialists in medicine, science, culture and creativity, sports, and technology can apply for a ten-year permit for permanent residence and implementation of their professional activities in the Middle East.
Doctors must obtain approval from the relevant Ministry of the Emirates. The Council of Scientists confirms the qualifications of scientists in the country. Possessing the Medal of Scientific Excellence is also grounds for requesting permission.
To obtain a talent visa, you must prove your merit and obtain approval from the ministries involved in your field of study. In addition, proof of a bachelor’s or master’s degree, academic degrees, and an agreement to cooperate with an employer will need to be submitted with the form.
Who else can get it?
According to Zlata Erlach, an expert at Immigrant Invest, there are no age requirements for a visa from an eastern country. Nor does nationality matter. The applicant can also indicate relatives who will also be granted a permit. It can be a husband or wife, daughters, and sons up to 25 years old.
Their visa will be valid even in the case of the death of the primary recipient.
There is also the possibility of obtaining a golden visa in Dubai. It is one of the varieties of long-term residence permits. The period of its use can also be measured in 5 and 10 years. All categories of candidates listed above in this article can apply. Dubai attracts foreigners from all over the world as a promising center of business and commerce.
Benefits
The lucky holders of gold cards, which allow them to reside and conduct professional activities in the Emirates, have other benefits available in addition to a more extended period of use:
1.Being in the state without an obligation to work for a local company.
2.Opportunity to sponsor husband or wife, children. Their age does not matter.
3.Ability to have an unlimited number of employees.
4.The owner is not required to be permanently in the country; staying abroad also has no time restrictions.
5.Access to health care.
6.Get a card with unique discounts in many areas, from shopping to education.
A golden visa provides a wide range of opportunities and gives the holder exclusive eligible rights and benefits. Naturally, all this increases its value and significance. But on the other hand, the cost of such a permit is much higher than the papers of many European states and the Caribbean. Still, the prospects for the state’s development and its inhabitants’ opportunities are incommensurable.