- June 12, 2023
- Posted by: cigdubaiae
Since its introduction in 2019, many expats have been trying to get the UAE Golden Visa. However, all foreigners are not eligible to apply for it. In this post, you will learn about the benefits of the UAE Golden Visa, the application process involved, and how you can obtain one with the help of a service provider.
The Benefits of the UAE Golden Visa
As one of the best investment destinations in the world, the UAE attracts many foreign investors, entrepreneurs, and professionals. The UAE Golden Visa, a legal document, is one of the many government initiatives set up to give a boost to the economy. It involves offering long-term (5 or 10-year) residence visas to individuals and allowing foreigners to live, study, and work in the UAE without the need to have a UAE national as a sponsor. Furthermore, the holders of this visa don’t have to worry about the security of their future in the country and also can enjoy 100% ownership of their businesses on the mainland.
Who All Can Apply
For the 10-year UAE Golden Visa, investors with public investments of AED 10 million (a company or investment fund) or more are eligible to apply. However, the total investment in real estate must be less than 60%, and the invested amount should not be loaned. In the case of assets, investors should have complete ownership.
Additionally, the investor should retain the investment for at least three years. This 10-year visa may also be given to business partners, provided each partner’s contribution is AED 10 million. Apart from the visa holder, the spouse and children, one executive director, and one advisor can also be included.
Individuals with specialized talents such as doctors, researchers, scientists, artists, and remarkable students (3.8 GPA or more) are also eligible to apply for the 10-year UAE Golden Visa. These individuals are granted visas on the basis of accreditations granted by the respective departments. The visa can be extended to their spouses and children as well.
- Contact Capital International Group
- Apply for nomination
- In 30 days, you will get to know the approval status
- On approval, you will have to upload your documents to the specified link
- The documents will be verified by the Federal Authority for Identity and Citizenship
How Can CIG Business Services Help
If you are interested in obtaining a 10-year UAE Golden Visa and need assistance with the application procedure, CIG Business Services can help you. Specialists at CIG will provide all the guidance you need. We have been providing business setup services for more than 16 years in the UAE market.