Get Your UAE Golden Visa With A Bank Deposit Of AED 2 Million
The UAE Golden Visa has been an aspiration for many people across the globe. Strategic location, great infrastructure, global opportunities, and a friendly tax structure, have only heightened its appeal over the years.
Traditionally, property purchase or business setup was the popular method for getting a visa. However, in a bid to make this visa more accessible to everyone, the government has launched several initiatives, one of which is a bank deposit. Based on your reason for moving to UAE, the top Golden Visa Consultants in Dubai can help you with the proper paperwork and legalities.
What is the AED 2 Million Bank Deposit Scheme?
Under this option, people looking to secure a UAE Golden Visa have to deposit AED 2 Million into a valid bank. This deposit is then locked in for a period of 2 years and can fetch interest on the deposit ranging from 3.9% to 5%. It is important to note that some banks may require a longer lock-in period. To ensure you get the maximum interest on the lowest deposit tenure, be sure to reach out to the leading firm for Golden Visa services in Dubai.
The popularity of this scheme stems from several factors. For residents such as freelancers who may not require a traditional business setup, this opportunity is ideal. Further, a lot of people are not eager to buy property in another country. This may be due to legal concerns or worries about property value fluctuations. For such residents, a bank deposit seems to be a safer option to secure a UAE Golden Visa. Additionally, as the deposit earns interest, residents can be sure that not only will they get their funds back after the tenure period, but they can also earn attractive returns on their deposits.
Steps to Secure a Golden Visa
The bank deposit method is perfect for retirees, freelancers, and other non-real estate individuals looking to get a Golden Visa. Here are the steps to secure your visa:
- Connect with the top Golden Visa Consultants in Dubai to know which banks are accredited to offer this scheme. Identify the bank with the best tenure and interest rate combination.
- Deposit AED 2 million in a bank deposit and sign the relevant documents committing the amount for the required lock-in period of a minimum of 2 years. This document will contain all essential details such as the interest rate and must be studied carefully before signing. Partnering with the best consulting firm in Dubai can be beneficial to secure the best deal.
- The accredited bank will provide you with a letter regarding your deposit which then needs to be submitted to the immigration officials for processing.
- You can also obtain the dependent Golden Visa for your spouse or children based on the terms applicable.
- Once approved, the maximum validity for the Golden Visa is 10 years and can be renewed in the future.
Conclusion
The appeal of the Golden Visa has only increased, and the new bank deposit scheme opens up opportunities for non-business and non-real estate aspirants as well. Connect with a reputed firm for Golden Visa services in Dubai for more details and guidance.
