March 27, 2023
6
min read
Are you looking to expand your business or relocate to the United Arab Emirates (UAE)? If so, you should consider applying for a UAE Golden Visa.
The UAE Golden Visa is a residence permit that provides foreign nationals with a range of benefits. It allows them to live, work, study and carry out business in the UAE, without the need for a work permit or other residency documents. The visa is valid for up to ten years, and can be renewed for an additional ten years.
The UAE has been actively promoting the Golden Visa program in order to attract foreign investors and entrepreneurs. The visa is seen as an attractive option for those looking to expand their business or relocate to the UAE. It provides a number of benefits, including the ability to open a business and access to the UAE’s world-class infrastructure, banking and financial services.
The UAE Golden Visa has a number of benefits for foreign nationals. These include:
In order to qualify for a UAE Golden Visa, applicants must make an investment in the UAE. The type of investment required depends on the type of visa the applicant is applying for. The most common investment options for a UAE Golden Visa include:
The type of investment required depends on the type of visa the applicant is applying for. The minimum investment amount required varies depending on the type of visa.
Real estate investment is one of the most popular investment options for a UAE Golden Visa. Investing in real estate in the UAE offers a number of advantages, including access to a world-class infrastructure, attractive tax benefits, and the potential for high returns on investment.
In order to qualify for a UAE Golden Visa that is valid for up to 2 years, applicants must make an investment of at least AED 750,000 (approx. US$204,000) in a UAE-based real estate project. It is possible to invest AED 1,000,000 (approx. US$270,000) and get a Golden Visa for 5 years ( the main applicant must be 55+ years of age). To receive a Golden Visa for 10 years, you have to invest AED 2,000,000 ( approx. US$545,000).
Property owners in the UAE are subject to taxes on their real estate investments. In general, taxes on property in the UAE are low compared to other countries.
Property owners in Dubai are subject to a 4% municipal tax on the value of their property, in Abu Dhabi - 2.5%, in other emirates - 2%. This tax is collected when the title deed is transferred from the seller to the buyer. There are no other taxes on property.
There are different types of real estate investments available in Dubai. These include:
The fees for a UAE Golden Visa vary depending on the type of visa the applicant is applying for. Generally, the fees range from AED 10,000 to AED 50,000 (approx. US$2,700 to US$20,500).
The processing time for a UAE Golden Visa depends on the type of visa the applicant is applying for. Generally, the processing time can take anywhere from 3 to 6 months.
With Golden Harbors the process for applying for a Golden Visa will be smooth and easy. Our team of experienced professionals will assist you in every step and help you make the most of your UAE Golden Visa. Get in touch with us today to find out more about the UAE Golden Visa.
There are Always Options to EXPAND YOUR BOUNDARIES! Let's Discuss Yours
Every client is unique
Every case requires an individual approach and solution. Our years of experience in the industry allow us to provide both.
We will answer all your questions and provide detailed information about the available second passport and residency programs to help you make the right choice.
Victoria
Lead Attorney at Golden Harbors
Victoria
Lead Attorney at Golden Harbors