United Arab Emirates Golden Visa
This thorough guide includes all you need to know about eligibility, benefits, and the application process for the Saudi Arabia Golden Visa program.
This thorough guide includes all you need to know about eligibility, benefits, and the application process for the Saudi Arabia Golden Visa program.
The process of obtaining a Dubai resident permit is well-defined and meticulously tailored to guarantee a smooth transition to your new life in the Emirates. You need to choose a trusted partner to navigate in the process. Here's a step-by-step guide to help you get started on your wonderful journey:
Step One: Due Diligence
Your journey begins with a critical first step: due diligence. Mirabello Consultancy performs an initial screening to build the groundwork for the program's major Due Diligence procedure. This initial screening is a confidential assessment designed to identify potential issues and increase the chances of a successful visa application. Your documents are carefully examined by an internal compliance officer who is well-versed in the subtleties of UAE Due Diligence.
Step Two: Property Selection and Acquisition
In the following step, you will investigate property purchasing possibilities, with the option of selecting a property without physically visiting the UAE. Our team's real estate consultants in Mirabello Consultancy will give you a list of homes that meet your criteria. The legal professionals will then facilitate the purchase and sale agreement, guaranteeing a smooth transfer of ownership.
Step Three: Documentation and Visa Preparation
After passing the due diligence and property selection steps, our legal specialists will supply you with a comprehensive set of papers to help you with your visa application. This step entails the submission of original documents, which is followed by a number of necessary procedures. The legal experts at Mirabello Consultancy will translate, notarize, and complete consular legalization on your behalf. Following that, you'll be awarded a 6-month visa, depending on your nationality and their existing visa requirements, allowing you to see suitable properties, get a medical checkup, all being part of your golden visa application in the UAE.
Step Four: Health Assessment
You and your family members over the age of 18 will be subjected to a complete medical examination at a UAE clinic as part of the process. This exam includes testing for severe infectious diseases as well as fluorography to acquire a health status certificate.
Step Five: Visa Application and Biometrics
After you've secured your property and finished your health assessment, it's time to begin the visa application process. You and your family will go to the UAE to apply for visas and present biometric information to the General Directorate of Residency and Foreigners Affairs. Mirabello Consultancy's legal experts will provide important advice throughout this step, ensuring a smooth and speedy application procedure.
Step Six: Visa Approval and Issuance
Typically, the application process is completed within five to seven days. If any additional questions arise, you'll have 30 days to address them. However, the application approval can take up to 2 months. After the approval, you and your family will be issued your UAE residence visas.
Yes, you can obtain residency in the United Arab Emirates by purchasing real estate for up to 10 years..For property investors, the UAE provides a variety of resident visa alternatives, including the well-known Golden Visa program. This program enables investors and their immediate family members to get long-term residency in the UAE by investing in real estate.Typically, a minimum property investment of AED 2 million (about $550,000) is required if targeting the highest available validity of a 10-year residency. However, if you want to gain residency for two years, you must invest a minimum of AED 750,000.
United Arab Emirates Golden Visa, the primary tax implications are positive for visa holders. The UAE is known for its favorable tax environment.Income Tax Exemption: Individuals, including Golden Visa holders, are not subject to personal income tax in the UAE. This means that in the UAE, any income, whether local or foreign, deriving from any job, company, or investments, is exempt from income tax.Capital Gains and Inheritance Tax: Historically, the UAE has not levied taxes on capital gains, wealth, or inheritance. This has made it an appealing location for individuals seeking to preserve and pass on their riches while avoiding significant tax liabilities.Corporate Taxation: Depending on the individual region and the type of company activity, corporate entities in the UAE may benefit from a low or zero corporate tax rate. It is crucial to remember, however, that the tax landscape for enterprises varies depending on the emirate and the sort of company activity.
If you own properties in UAE already, you are eligible for a Golden Visa as long as you meet the existing minimum investment requirements as follows:Provide a letter from the relevant emirate's land department confirming your ownership of one or more properties worth at least one million for the 5 years residency or the two million dirhams property value for the 10-year valueMirabello Consultancy will also be able to help you with the process.
Under the Golden Visa program in the UAE, you can include your spouse, unmarried children under the age of 25, as well as your parents. All of these family members could be included in your visa application.