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Aeon & Trisl – Leading Real Estate Agency – Real Estate in Dubai | Real Estate Agents-Real Estate Brokers LLC

DUBAI GOLDEN VISA

The UAE announced ten-year golden visas for chosen citizens in 2019. They let foreigners live, work, and study in the UAE without the need for a national sponsor and with complete ownership of their firm on the UAE’s mainland.

The UAE Resident and Entry Scheme were recently revised, making it possible for more people to apply for a golden residence visa. The restrictions for applying for 10-year visas have been reduced as a result of the new standards, and more people from a variety of occupations will be able to apply for the Golden Visa.

Obtaining a golden visa from the UAE offers obvious advantages. Long-term residence in the UAE will allow you to travel freely in and out of the nation. Property owners in the UAE may now obtain a golden visa with an investment of as little as AED 2 million. Even if they are acquiring a property with a loan from a specific local bank, real estate investors can receive a golden visa. They can also obtain the golden visa if the homes are purchased off-plan from recognized local real estate businesses. Here is a list of off-plan homes that may be purchased to qualify for the golden visa. developers may occasionally offer payment plans that allow you to qualify for a golden visa with as little as a 10% down payment without a mortgage (AED 200,000) or a 25% down payment with a mortgage (AED 500,000), reducing the entrance bar for obtaining a golden visa. This change in restrictions in April 2022 has attracted a slew of new investors, both domestic and foreign, into the market.

The Benefits Of A Dubai Golden Visa

With some nations creating their golden visas, Dubai unveiled its own in 2019. Following are some of the major perks of the Dubai Golden visa:

1
No National Sponsors
The new golden visa structure in the UAE allows foreigners to live, study, and work in Dubai without the requirement for national sponsors and with complete accountability for business on Dubai's property. These visas are valid for 5 or 10 years and are automatically renewed.
2
Travel Convenience
Golden visa holders are regarded as though they are UAE natives. As a result, it makes traveling much easier. As a result, you do not need to apply for a visa again, and you are free to live, study, and work anywhere in the UAE.
3
Several Accounts
It is a terrific idea to be able to designate another nation as your home since it makes it easier to open an account in that country. More banks indicate less risk of your cash being consumed by the crisis. Obtaining a Golden Visa makes it much easier to have another secure vault for your reserve assets by smoothing out the financial arrangement.
4
A Valuable Investment
Because owning a home is a requirement for the majority of Golden Visa programs. Individuals buy properties to get a residency via investment or citizenship. However, there is something altogether different going on. Many countries that provide Golden Visas are fast recovering from their most recent economic slump. This suggests that their real estate market is typically on the rise. Essentially, chances are the residence you buy as part of your Golden Visa requirements will earn you more money in the long run.
5
Tax Optimization
Because the UAE is a tax-free country, investors and foreign nationals can profit from avoiding tax in their home country by obtaining a tax resident certificate from the UAE. All income and earnings are tax-free in the UAE, thus one may reap the benefits by investing in Dubai, whether in real estate, bonds, or a business
6
A Chance To Obtain Uae Citizenship
After 30 years of residency in the UAE, foreigners may petition for citizenship via naturalization. However, for remarkable services, certain people may be given citizenship. The UAE passport permits you to visit 176 countries without a visa, including the Schengen nations, the United Kingdom, and Canada.
7
Other Benefits
  1. A 10-year renewable residence permit in the UAE
  2. Staying outside the UAE for an extended period does not invalidate the golden residence status.
  3. The first entrance visa is valid for six months and allows for multiple entries to get the golden visa residence.
  4. Additional golden visas, with no age restriction, can be filed for by families, including spouses and children.
  5. In the case of the visa holder's death, family members can retain their golden residence status until the conclusion of the term.
REGISTER YOUR INTEREST

Required Documents To Apply For The UAE Golden Visa (5-YEAR)

  • 1Passport
  • 2Availability of an electronic copy of the title deed certificate
  • 3Personal photo
  • 4Valid health insurance
  • 5Original Emirates ID

Required Conditions (Anyone)

  • 1Property or held part (one or more) of at least $2 million in value in the applicant's name
  • 2If the property is mortgaged, the bank must be paid at least $2 million of the property's worth. In this scenario, a NOC letter and a paid amount letter should be submitted.
  • 3A husband and wife can own the same property. As proof, a marriage certificate is necessary.
  • 4Purchase a home with a loan from one of the local banks
  • 5Purchase one or more off-plan properties worth at least AED two million from an approved local real estate company.

Fees

  • 1Medical (VIP) – 753 AED
  • 2Emirates ID – 573 AED
  • 3New visa – 2,288.75 AED
  • 4Management Fees – 100 AED
    • Total 3714.75 AED

Procedure For Getting The 5-Year Investor Golden Visa

  • Step 1The client visits the Cube Centre at Dubai Land Department
  • Step 2The customer submits the criteria and pays the expenses
  • Step 3The medical examination is performed at the Centre
  • Step 4Print the visa on the passport
    • Time frame: 7 to 10 working days
Investor Golden Visa

How To Apply For A 10-Year Investor Golden Visa In The UAE

The 10-year golden visa may be obtained online using the ICA website/app or at AMER centers. If you do not have a current visa, you can apply for a six-month entrance permit here. THROUGH THE ICA

  • 1Apply online on the ICA website or by downloading the UAEICP app
  • 2Select 'Start Service'
  • 3Provide all needed information and documentation
  • 4Pay the service charge. Your application will be examined, and you may be required to provide more paperwork. Keep your current Emirates ID, title document, picture, and health insurance available

The Amer Procedure

  • 1Go to one of the Amer Centers' service branches
  • 2Choose the needed service from the receptionist
  • 3Submit the needed papers to the service personnel
  • 4Document verification
  • 5Pay the service charges
  • 6Send in your application
UAE GOLDEN VISA RULES

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