Changes in the UAE Golden Visa
The UAE’s Golden Visa programme has been an enormous hit among foreigners looking to relocate to the UAE, especially since its inception around two years ago. As a result, many more people are able to realise their ambition of living in Dubai and enjoying a high-quality lifestyle. While many changes have occurred across various categories, this blog concentrates on those that affect investors, entrepreneurs, and other professionals. Below we have discussed some of the questions you may be curious about regarding attaining a Golden Visa.
Do I Qualify for The Visa?
Individuals with at least Dh 2 million in investments in the UAE can apply for a 10-year Golden Visa without a sponsor. These can take the form of UAE-accredited investment funds. It can also be a commercial or industrial licence from an investor whose partnership agreement states that the paid-up capital is at least Dh 2 million.
Another option is when the investor owns a company in the UAE and pays tax to the Federal Tax Authority of at least Dh 250,000 per year. Additionally, you may also be eligible for a five-year Golden Visa in the UAE if you own a property valued at Dh2 million or more.
What is the Process and the Cost of Attaining a Golden Visa?
If you are interested in relocating to the UAE and are wondering about the Golden Visa attainment process, we’re here to help. All interested individuals can apply for the Golden Visa online through the smart service portal of the Federal Authority for Identity and Citizenship, also known as ICA. The most important criteria for attaining this visa is that candidates must provide the required documentation and be willing to move to the UAE to pursue their business endeavours.
When it comes to the price of a UAE Golden Visa attainment, the charges are heavily influenced by the type of business and visa category. For example, the Golden Visa would cost between Dh 2,800 and Dh 3,800 for those applying from the United Arab Emirates. However, for applicants from outside the UAE, the Visa cost will range between Dh 3,800 and Dh 4,800.
Get Started today!
Opting for consultancy services can be immensely helpful when considering relocating to a new country. Specialist firms like Consultycs have been helping foreign business owners to set up their low-cost businesses without a hitch for years now. They take care of all your business-related queries and provide exceptional support with the visa attainment process. To start your business setup process, contact them at +971 4 584 0919, or send them an email at info@consultycs.com.
