One of the richest and developing nations in the world, the United Arab Emirates draws a lot of immigrants with its range of career opportunities and decent quality of life. Golden visas, which are residency permits for investors, business owners, scientists, professionals, and extraordinary talent, began to be issued by the UAE in 2019. Previously, an investment of AED 5–10 million was necessary to obtain a golden visa. Additionally, Dubai makes sure all of its inhabitants have strong passports that grant them visa-free access to 167 nations.
To obtain a 5-year residency visa, you must spend AED 2 million ($545,000) on real estate in the United Arab Emirates. Investors can also purchase real estate for AED 750,000 ($204,000) in order to get a 3-year residence permit. In May, the total number of transactions in the residential market in Dubai reached a 13-year high as investors, high net worth people and business owners planned business migration to the city, according to a report by CBRE.
Dubai Golden Visa Requirements and Benefits
Dubai Golden Visa Requirements and Benefits
Real estate investors are eligible for the golden visa even if they borrow money from certain local institutions to buy a property. Off-plan properties are also eligible for the golden visa as long as they are purchased through recognized local real estate firms. Once you get the UAE Golden visa, you will have several opportunities. In terms of tourism and other economic activity, the nation is among the top travel destinations in the Middle East.
Golden Visa Dubai Requirements
Golden Visa Dubai Requirements
- The investor is obliged to invest in a property worth at least AED five million.
- Purchase one or more off-plan homes from recognized local real estate firms for no less than AED two million.
- The property cannot be mortgaged, and in the event that it is, the bank must get at least $2 million of the property value. A note confirming payment and a NOC should be issued in this situation.
- The investor must hold onto the asset for at least three years.
- Investors must demonstrate that the investment amount is not a loan.
The necessary document for Dubai Golden Visa required include
The necessary document for Dubai Golden Visa required include
- Passport.
- The title deed certificate is accessible in electronic form.
- Self-portrait (Pictures).
- Dependable health insurance.
- Authentic Emirates ID.
Advantages and benefits of Dubai Golden Visa
Advantages and benefits of Dubai Golden Visa
- The UAE, one of the world's wealthiest and most developed nations, welcomes investors and their families.
- In the United Arab Emirates (UAE), there are no taxes on income, capital gains, inheritance, gifts, or real estate. Additionally, corporate profits continue to be exempt from taxation; however, starting in 2023, they will be subject to a 9% tax if they exceed AED 375,000.
- Investors with residence permits can open accounts in dollars, euros, dirhams, or other currencies in UAE banks. An account is needed for saving and sending money abroad.
- Specialists in dentistry, orthopaedics, dermatology and gynaecology are in high demand in the UAE, a global medical tourism hub.
- You can travel to 175 nations without a visa if you hold a UAE passport.
Want to get a UAE Golden Visa? Dubaibulls.com can help you get the golden visa by investing in the best Dubai real estate. Just visit our website or get in touch with us. We proudly have more than 20 thousand satisfied clients and customers. So, you are safe with us.