The Dubai golden visa is a residency visa that grants foreign investors, entrepreneurs, and high-net-worth individuals the freedom of residence in the United Arab Emirates. This special type of residence visa is designed to attract foreign investment into the country and promote economic growth. It allows applicants to live, work, and operate their businesses in the region without needing to obtain a traditional work/residency permit or sponsorship from a local company or individual.

The golden visa offers numerous benefits for investors, such as access to world-class infrastructure, excellent healthcare services, and exclusive tax exemptions. Applicants who are granted the UAE golden visa also have the opportunity to gain UAE citizenship after a while, provided that they meet all of the necessary requirements.

What is UAE Golden Visa? 

The UAE Golden visa, which was introduced in 2019 to attract, retain, and reward exceptional talent worldwide, is the most popular long-term residency  visa in the UAE. It is created for a particular group of foreign nationals who want to live, work, or study in any of the country’s emirates without the need for a sponsor while taking advantage of the special benefits. The UAE Visa has a maximum validity duration of either 5 or 10 years, which is automatically extended if the required conditions are met once more. Wealthy businessmen, entrepreneurs, great students, very brilliant people in specialized industries, and deserving candidates falling into a particular category, such as humanitarian trailblazers and frontline heroes, can all be potential applicants for the UAE Golden Visa.

Why should you get a UAE Golden visa?

You desire long-term residency in developed nations like the United Arab Emirates, if not citizenship. This is most likely one of the factors making the UAE’s Golden Visa one of the most sought-after visas in the country. The UAE Golden Visa holder can enjoy a wide range of additional perks during their stay in the nation in addition to long-term residency. The recipient of a Golden Visa initially receives a six-month visa with several entries to finish the residency issuing process. After receiving a Golden Visa UAE, people are eligible for up to ten years of renewable residency.

What are the advantages of the Golden visa UAE?

As long as you have a UAE Visa, the world is your oyster. Here are some perks of having  a UAE Golden Visa:

• If you are from outside the UAE, you will be given a multiple-entry visa for 6 months to finish the residence issuance procedure 

• You won’t need to worry about the visa renewal during this time. The UAE Golden Visa’s validity is automatically extended after five or ten years, as appropriate.

• You will be granted a month-long temporary visa, which can be transitioned to Dubai Golden Viisa

.

• You may sponsor your family (wife, kids, and parents) per the rules and circumstances.

• You can own investment endeavors in trade, industry, and real estate

• Depending on the type of Golden Visa you can benefit from a variety of discounts.

• If you are a student with a golden visa, you can apply for the privileged Esaad card and nominate three employees or partners in the project to receive the Golden Visa within the capacity of your entrepreneurship and can sponsor your families whenever you have the financial capabilities

• If it is a Real Estate Golden Visa Dubai, the mortgage fixed-interest rates will be reduced

• You can choose from comprehensive insurance plans with coverage ranging from AED 2,000 to AED 50,000, based on a number of variables like age, health, the hospitals and clinics covered, and more.

• You are eligible for special deals and discounts on automobiles, real estate (such as those from builder Imkan Properties), health care, hospitality, health insurance, and banking services.

• You become eligible for discounts at restaurants, spa services, gym memberships, and hotel stays at specific Abu Dhabi hospitality locations.

• You can also benefit from lower prices for annual family and individual health insurance coverage.