The UAE has long been recognized for its inclusive and welcoming environment, with nearly 90% of residents being expatriates. Traditionally, long-term planning in the UAE was challenging due to residence visas being employment-linked and requiring periodic renewals. However, recent updates to visa regulations have made it significantly easier for foreign nationals to reside in the UAE, creating exciting opportunities for those looking to establish roots in the country.
One of the most noteworthy options is the UAE Golden Visa, designed to attract and retain top investors and talent. This visa allows for extended residency without the need for an employer or sponsor, providing a valuable path to a stable, fulfilling future in the UAE.
What is the Golden Visa UAE ?
The UAE Golden Visa offers eligible applicants long-term residency, freedom to live, work, and study, and the ability to sponsor family members. This visa also includes exclusive benefits such as:
- Multiple entry privileges within the first six months of issuance
- A renewable visa valid for up to 10 years
- No need for sponsorship or continuous employment
- Extended out-of-country residence allowances, beyond the six-month limit
- Unlimited domestic worker sponsorship
- Family members can stay in the UAE if the primary visa holder passes away
Financial Requirements for Golden Visa UAE Eligibility
Golden Visa requirements vary by applicant category, including public investors, real estate investors, entrepreneurs, and executive directors. Each category has specific financial thresholds. For example:
- Public Investors: Minimum AED 250,000 ($68,000) in annual UAE tax payments
- Real Estate Investors: Minimum AED 2 million ($545,000) in property ownership
- Entrepreneurs: Projects valued at least AED 500,000 ($136,000)
- Executive Directors: Basic salary requirement of AED 30,000 ($8,167) monthly
Note: The salary criteria for executive directors was recently adjusted from AED 50,000 to AED 30,000, focusing solely on basic salary.
Steps to Apply for the UAE Golden Visa
- Eligibility Assessment: Check if you meet the specific requirements.
- Select the Right Category: Choose the category that matches your professional or investment background.
- Application Submission: Submit your online application with necessary documentation, including passport, income proof, and any relevant business plans or CVs.
- Golden Visa Issuance: Once approved, you’ll receive your Golden Visa within seven to ten business days.
Why Choose Forever Rich Accounting & Tax Services for Your Golden Visa Needs?
At Forever Rich Accounting & Tax Services, we simplify the Golden Visa application process. With our deep understanding of UAE regulations and a dedication to client success, we offer a comprehensive range of support services, from personalized guidance to document preparation and ongoing assistance. Our team is committed to a smooth, hassle-free journey towards securing your UAE Golden Visa, empowering you to achieve a lasting presence in this thriving nation.
Experience a simplified and strategic Golden Visa application process with Forever Rich Accounting & Tax Services.