Benefits of the UAE Golden Visa

The United Arab Emirates (UAE) introduced the Golden Visa system as part of its efforts to attract skilled professionals, investors, and entrepreneurs from around the world. This long-term residency program offers a host of benefits designed to facilitate a conducive living and business environment for its holders. Here are the top 15 benefits of the UAE Golden Visa, detailed to help you understand the potential it unlocks.

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What is the UAE Golden Visa?

In 2019, the United Arab Emirates (UAE) introduced the Golden Visa, adding to its existing portfolio of visa types, which includes Tourist/Visit Visas, Medical Entry Permits, E-Visa for GCC residents, Transit visas, Student visas, and Retirement visas.    

The UAE Golden Visa is a long-term residence visa introduced to attract skilled workers, investors, entrepreneurs, and other talented individuals. The visa offers a host of benefits, including long-term residency of 5 or 10 years, which is automatically renewable. 

Also read -  UAE's Green Visa vs Golden Visa

UAE Golden Visa Benefits

The Golden Visa provides several exclusive benefits, such as:

1. Long-term Residency

The UAE Golden Visa offers a decade-long (10 years) residency, much longer than typical visas. This extended stay allows for substantial personal and professional growth, helping individuals and families establish roots in the UAE. It provides greater career and business development opportunities, which are often limited to other visas.

Moreover, the longer residency helps integrate into the UAE's community and culture, enhancing the living experience and making the visa highly desirable for potential residents.

2. Property Ownership Rights

Golden Visa holders benefit from a simplified property ownership process. While foreigners can own properties in certain areas, Golden Visa holders find it easier to buy and manage properties in these prime locations. The vibrant business and tourism sectors boost the real estate demand, offering lucrative investment opportunities.

Although standard mortgage conditions apply, the security of a long-term visa could influence favourable lending terms, aiding in portfolio expansion.

3. Independence from Local Sponsorship

The UAE Golden Visa allows independence from local sponsorship, a unique feature compared to other visa types. This autonomy is transformative for entrepreneurs and investors, granting complete control over their businesses without needing a local partner.

This simplifies business establishment and management, offering flexibility and operational ease in the UAE's dynamic business environment.

4. Residency for Spouses and Children

The Golden Visa ensures that the primary holder and their spouse and children can enjoy residency benefits, providing family stability and educational continuity for children without the hassle of separate visa requirements.  

5. Sponsorship for Domestic Helpers

Golden Visa holders are entitled to sponsor an unlimited number of domestic helpers. This benefit is crucial for families needing support with household management, including nannies, drivers, and other staff.

6. Tax Benefits

Living in the UAE, including Golden Visa holders, comes with no personal income tax on employment or investment income. Additionally, a competitive corporate tax rate of 12.5% enhances financial benefits for business operations in the UAE, making it an attractive location for business professionals and investors.

7. Access to Employment and Business Opportunities

The UAE Golden Visa offers unmatched access to job and business opportunities, benefiting from the country's world-class infrastructure, technology, and strategic location. This visa fosters potential for career growth and business expansion, catering to entrepreneurs and skilled professionals.

8. Multiple Entry Visa

The UAE Golden visa includes multiple entry privileges, allowing professionals to travel internationally without reapplying for visas. This flexibility benefits entrepreneurs and families, facilitating easy travel and international connectivity, which is ideal for those with global business interests or lifestyles.

9. Exemption from Employment Restrictions

Golden Visa holders are exempt from usual employment restrictions, allowing job flexibility and the ability to simultaneously engage in multiple employments or business ventures. This flexibility is invaluable for career development and economic stability in the UAE.

10. Access to Premier Healthcare

Golden Visa families have access to excellent healthcare facilities equipped with advanced technologies and expert professionals. This ensures a variety of treatment options and peace of mind regarding health and well-being.

11. Enhanced Educational Opportunities

The visa offers benefits such as potential educational discounts and providing access to international universities in Dubai. This supports academic development and equips children with resources for success in globally recognised educational programs.

12. Esaad Privilege Card

 Certain Golden Visa holders in Dubai receive the Esaad Privilege Card, offering a range of financial and lifestyle benefits. This includes discounts on luxury goods, real estate, healthcare, and more, enhancing the financial and living conditions in Dubai.

13. Access to UAE Healthcare

The visa provides access to the UAE's excellent healthcare system. Additionally, Golden Visa holders can receive significant healthcare discounts through the Esaad privilege card, ensuring quality and affordable health services.

14. No Minimum Stay Requirement

The Golden Visa does not impose a minimum stay requirement, which means holders can travel abroad without the risk of losing their visa status due to absence from the country.

15. UAE Work Authorization

Holders of the Golden Visa are legally authorised to work in the UAE. This opens up a wealth of business opportunities throughout the country, particularly in major hubs like Dubai, enhancing the economic prospects for professionals.

Also read Key Differences Between UAE Standard Visa and Golden Visa

Who Can Get a UAE Golden Visa?

The UAE Golden Visa is available to a diverse group of foreign nationals across various professions who wish to work, study, or invest in the UAE. Eligible candidates for the Golden Visa include:

• Entrepreneurs: Individuals with a business project valued at 500,000 dirhams or more, as assessed by a UAE-accredited auditor, are eligible for the Golden Visa.

• Specialised Talent: This category includes doctors, scientists, artists, inventors, athletes, and individuals with doctoral degrees who have made significant contributions in their respective fields.

• Humanitarian Workers: Outstanding members, employees, and funders of recognised humanitarian organisations can qualify for this visa, recognising their contributions to humanitarian efforts.

• Frontline Heroes: This includes healthcare workers such as nurses, medical assistants, laboratory technicians, and pharmacologists who have been pivotal, especially during crises like the COVID-19 pandemic. 

• Investors: Individuals who invest in real estate or other public investment ventures in the UAE can apply for the Golden Visa, which recognises their economic contributions.

• Outstanding Students: High-performing students from high schools or universities are eligible, enabling them to pursue further education and opportunities within the UAE.

Read our article to learn more about - How to Apply for a Golden Visa in the UAE.

Conclusion

The UAE Golden Visa is a long-term residency program aimed at attracting skilled professionals, investors, and entrepreneurs. It offers numerous benefits, including up to 10 years of residency, simplified property ownership, no need for local sponsorship, and the ability to sponsor family and domestic workers. Additionally, it provides tax advantages, access to premier healthcare and education, job and business opportunities, and multiple entry privileges.

 Are you ready to apply for the UAE Golden Visa? Streamline your vVisa application process with Filings.ae and unlock opportunities.