8 UAE Golden Visa Benefits for Investors and Their Families
The United Arab Emirates (UAE), also known as the Emirates, is a country located in West Asia, next to Oman and Saudi Arabia. Its strategic location in the Arabian Gulf, connecting the East and West, has resulted in the UAE boasting the most diversified economy among the members of the Gulf Cooperation Council. The UAE’s two largest cities, Abu Dhabi and Dubai have recently emerged as regional centers for business, education, culture and tourism.
The UAE Golden Visa benefits investors, entrepreneurs, exceptional talents, scientists, professionals, outstanding students and graduates, humanitarian innovators and frontline healthcare workers looking to make the most of these opportunities. The UAE Golden Visa is your ticket to a long-term residency in one of these cities or the rest of the UAE.
Key Takeaways
- The UAE Golden Visa offers long-term residency for up to 10 years to investors, entrepreneurs, exceptional talents, scientists, professionals, outstanding students and graduates, humanitarian innovators and healthcare workers.
- The UAE is one of the wealthiest and most developed countries in the world, making it the perfect opportunity for investors.
- It also boasts world-class health, safety, education, services and experiences for investors and their families.
8 Benefits of getting UAE Golden Visa
Some of the key advantages of the UAE Golden Visa and what makes it a highly sought-after option for those looking to establish a long-term presence in this dynamic and rapidly growing nation, include:
- The UAE is one of the wealthiest, most developed countries worldwide.
- You have a golden residency for up to 10 years.
- You don’t have to live in the UAE if you have a Golden Visa, you may not visit the country to maintain your status.
- The UAE is a world medical tourism center, with specialists in dentistry, orthopedics, dermatology and reproduction. You can be treated in any of these clinics.
- You are eligible for health care and health insurance packages.
- You can live, work or study in the country for the entirety of your visa, with or without employment.
- You can work for yourself without needing an individual sponsorship.
- You are eligible for the Esaad privilege card issued by the Dubai Police, which offers discounts on education, health, housing, restaurants, theme parks, hotels, in stores and more. There are exclusive discounts across 7,237 brands and businesses in the UAE, and 92 countries worldwide.
8 benefits of getting a UAE Golden Visa as an investor
For investors, the UAE Golden Visa presents a unique set of benefits that facilitate seamless business operations and personal convenience. These are some of the key benefits that make the UAE Golden Visa a valuable asset for investors seeking to expand their global footprint and capitalize on the opportunities within the UAE's thriving economy:
- There are fast-tracked visiting opportunities to other GCC countries, giving you access to other emerging and big markets.
- You don’t have to pay tax on any personal income, capital gains, inheritance, gifts or properties.
- The UAE’s robust legal framework and support for businesses, including various free zones with no corporate taxes, make it an ideal place to establish and grow your business.
- You can open accounts for savings and international transfers in the UAE banks in dollars, euros, dirhams or other currencies.
- You can purchase prime real estate properties in one of the world’s most dynamic markets, potentially yielding high returns on investment.
- With a large expatriate community and by attracting skilled professionals, the UAE offers access to a diverse and highly qualified talent pool for their business needs.
- The UAE boasts world-class infrastructure, including state-of-the-art transportation, telecommunications, and utilities, facilitating efficient business operations and high quality of life.
- The UAE is known for its political stability and strong governance, creating a secure environment for long-term investments and business operations.
8 benefits of getting a UAE Golden Visa for families
The UAE Golden Visa extends its benefits to the families of the main applicants, including spouses and children (regardless of age) as well as parents. Some of the key family benefits include:
- Should you pass away during the 10-year term, your dependents can keep their UAE Golden Visa residency until it expires.
- You can also employ and support an unlimited number of domestic helpers.
- With easier access to GCC countries, you and your family can tap into endless holiday and sightseeing opportunities.
- Your children may attend schools and universities in the UAE.
- The exclusive health insurance plans are available to you and your dependents who currently do not have an existing health insurance plan.
- You can use your Esaad Card to engage in the country’s economy and tourism – redefining family outings. It gives you up to 40% off school fees at the American School of Creative Science, 70% off At the Top of the Burj Khalifa, and much more.
- Your family has the opportunity to live in a safe and secure environment as the UAE is renowned for its high safety standards and low crime rates. Global Finance ranked it the second safest country to live in in 2023.
- You and your family will have access to world-class leisure and entertainment options, including luxury shopping malls, exquisite dining options, cultural festivals and sporting events – elevating your quality of life significantly.
How to get UAE Golden Visa
By understanding the application process, and with a trusted advisor like Mirabello Consultancy, you can confidently pursue this opportunity and take advantage of the numerous benefits it offers.
Step 1: Make sure you fall in the categories that qualify for UAE Golden Visas.
You can qualify as an investor if you have made a significant public investment, including a deposit of no less than $544,514.00 in a company’s capital, are a partner in a company’s capital with no less than $544,514.00, or if you have a letter from the Federal Tax Authority stating that you either pay the government $68,064.25 annually or that you’re a partner in an establishment that pays $68,064.25 in tax annually.
Real estate entrepreneurs can also apply if they are a partner or own a startup company registered as a small and medium enterprise (SME) within the UAE that generates more than $272,257.00 in annual revenue, if you have founded an entrepreneurial project that was sold for more than $1.9 million, or if you have approval for a startup from an official business incubator.
If a property investor's investment is valued at $544,514.00 or higher, they can be eligible for the golden visa, regardless of whether the property is off-plan, completed, or mortgaged. Additionally, there is no minimum down payment requirement for the visa application to be processed.
People with exceptional talents in vital fields like culture, art, sports and digital technology can apply for a UAE Golden Visa if they meet the relevant requirements, like educational qualification, employment status, monthly salary, or professional level. This can also include doctors and athletes. You will, however, require a recommendation or approval from a federal or local government entity.
Individuals who have achieved high recognition and influence in their field of expertise can apply for the Golden Visa upon receiving a recommendation from the Emirates Scientists Council. You should have a PhD or a Master’s Degree in engineering, technology, life sciences or natural sciences from one of the best universities in the world, as well as substantial research achievements.
Scientists and specialists at a presidential or CEO level or business and management professionals in a company may also be entitled to the golden visa if they can prove they are classified as skilled labor in the first or second professional level approved by the Ministry of Human Resources and Emiratisation.
Outstanding and high achievers in the UAE’s secondary school system can also apply. This extends to high achievers graduating from the best 100 universities worldwide and can depend on academic performance/cumulative grade average, graduation year and your university classification. Your GPA has to be more than 3.5 if you’re from a top university, or higher than 3.8 if you’re from a UAE-accredited university. High school students with an average pass rate of at least 95 percent in their high school certificate are also eligible. They can bring their parents and families too.
If you’re a pioneer in humanitarian work you qualify for a Golden Visa if you:
- Have worked in international and regional organizations for at least five years,
- Are a member or outstanding employee in a civil association or institute of public interest for at least five years,
- Have received an appreciation award from a local, regional or international organization that specializes in humanitarian work,
- Are a humanitarian volunteer with at least five years of service or at least 500 hours of service,
- Have funded humanitarian work to the value of at least $$544,514.00,
- Have been nominated by a minister as a pioneer of humanitarian work,
- Hold a relevant university degree and have completed other requirements imposed by a ministry or authority.
Healthcare and emergency workers helping in extraordinary circumstances (like the Covid-19 pandemic) can also apply.
To apply, there are a couple of steps you have to follow, which experts like Mirabello Consultancy have perfected over the years.
Step one is to conduct a preliminary check to prepare for the program’s primary due diligence. This is usually where any possible issues are addressed and raise the chances of getting a visa. The investor documents are verified by a Certified Anit-Money Laundering Officer.
Step 2: You will get a list of documents for an application.
Once you submit the original documents, lawyers have to translate, notarise and conduct consular legalisation. Mirabello Consultancy can help with this.
Step 3: Make your investment.
You can do this without going to the country, through your consultants, who will help you find the best matches for you and help you conclude the deal.
Step 4: You and any dependents over the age of 18 will have to undergo a medical checkup in a UAE clinic.
They will test you for dangerous infectious diseases and pass fluorography to obtain a certificate of health status.
Once in the UAE, you and your family will have to apply for the Golden Visa and give biometrics to the General Directorate of Residency and Foreigners Affairs. You will have to take the oath of allegiance and pledge loyalty to the UAE and commit to abide by the UAE’s laws.
It usually takes about five to seven days for your application to be considered. If additional questions do come up, you will have 30 days to answer. Once approved, your golden ticket will be in your hands.
Conclusion
With its strategic location and vibrant economy, the UAE stands out as an exceptional destination for anyone who falls within these requirements. Investors and their families can tap into the many benefits the country and its surroundings have to offer by applying for a UAE Golden Visa. Mirabello Consultancy can help you make the most of these unmatched opportunities.
