United Arab Emirates (UAE) has long been a destination for real estate investors, and the country’s Golden Visa program has made it even more appealing.
The Golden Visa program is very simple and straightforward, and is designed to attract foreign investors to the Emirates by offering a number of benefits, including long-term residency, tax exemptions, and access to the city’s growing economy.
One of the main benefits of the Golden Visa program is that it allows real estate investors to obtain long-term residency in UAE. The visa is valid for three years and can be renewed indefinitely, as long as the investor continues to hold a property in the city. This makes it a great option for those who want to invest in the city but also want to be able to spend extended periods of time there.
Another major benefit of the Golden Visa program is that it offers tax exemptions. UAE has a very favorable tax environment, with no income tax or capital gains tax. This means that investors can keep more of their earnings, which can be used to reinvest in the country’s real estate market.
Golden Visa program also offers exemptions from import duties on certain items, such as cars and furniture, which can help to keep costs down for investors.
The Golden Visa program also provides investors with access to the country’s growing economy. UAE is home to a number of world-class businesses, and it is also a major hub for trade and tourism. This means that investors can take advantage of the UAE economic growth and benefit from its expanding business opportunities and real estate growth.
The Golden Visa Program
The Golden Visa program is also very simple and straightforward.
To qualify, all you need to do is purchase a property in the city that is valued at AED 2 million or more in cities like Dubai and Abu Dhabi. Once you have done this, you can apply for the visa and start enjoying all of the benefits it offers.
Real estate investors can receive the Golden Visa for Real Estate Investors by investing AED 2 million into the country’s property market. This has prompted many Dubai residents to invest or merge their properties in order to meet the AED 2 million threshold required for long-term residency.
There are conditions must be met for getting the Golden Visa:
- You should be able keep your property or business for three years
- You should have a total ownership of your investment amount
- If you’re investing in real estate, it shouldn’t be through loans
The Golden Visa program in UAE offers real estate investors a number of benefits, including long-term residency, tax exemptions, and access to the city’s growing economy. The program is simple and straightforward, and it can be a great way for investors to take advantage of everything that Dubai and Abu Dhabi has to offer. If you are considering investing in these cities real estate market, the Golden Visa program is definitely worth considering.
What is residency investment?
“Residency by investment” is a program that allows individuals to obtain residency in a foreign country by investing in that country’s economy. In Dubai, the program is known as the Golden Visa program, or the Dubai Residence Visa. The program is designed to attract foreign investors to the city by offering a number of benefits, including long-term residency, tax exemptions, and access to the city’s growing economy.
“Residency by investment” is a program that allows individuals to obtain residency in a foreign country by investing in that country’s economy. This can be done in a variety of ways, including investing in real estate, starting a business, or purchasing government bonds. The program is designed to attract foreign investment to the country, and it typically offers a range of benefits, including long-term residency, tax exemptions, and access to the country’s growing economy.
One of the main benefits of residency by investment is that it allows individuals to obtain long-term residency in the country. This can be especially appealing for those who are looking for a second home, or for those who want to start a business in the country. Long-term residency also provides more stability, as it allows individuals to live and work in the country without the need to constantly renew their visa.
Another major benefit of residency by investment is that it often offers tax exemptions. Many countries have very favorable tax environments, with low or no income tax or capital gains tax. This means that investors can keep more of their earnings, which can be used to reinvest in the country’s economy. Additionally, some countries also offer exemptions from import duties on certain items, such as cars and furniture, which can help to keep costs down for investors.
Residency by investment also provides investors with access to the country’s growing economy. This can be a great opportunity for individuals to take advantage of the country’s economic growth and benefit from its expanding business opportunities. Additionally, the program also allows investors to take advantage of the country’s excellent infrastructure, including its ports, airports, and transport links.
Some countries offer “citizenship by investment” program which can be obtained by investing more significant amount of money and it allows the individual to gain the citizenship and passport of the country. It can provide the investor with the ability to travel visa-free to many countries, live and work in the country, access to healthcare and education and also the ability to pass on the citizenship to their family members.
Residency by investment programs can also be a great option for individuals who are looking to relocate their families to the country. Many programs allow the investor’s spouse and children to also obtain residency in the country, which can make the process of relocating much easier.
“Residency by investment” in Dubai and Abu Dhabi is a program that allows individuals to obtain long-term residency in the city by investing in its real estate market. The program, officially known as the Golden Visa or Residence Visa, offers a range of benefits such as long-term residency, tax exemptions, access to the city’s growing economy, and the ability to relocate families. The program is simple and straightforward, making it a great option for anyone looking to invest in Dubai and Abu Dhabi.
How to Get a Golden Visa in Dubai If You’re a Real Estate Investor?
In order to apply for the visa, property investors who meet the eligibility criteria can submit an online application (through the ICP website or Dubai Smart App) or visit an AMER center.
#1 Online Application – ICP
- Download the UAEICP app or visit the ICP website
- Find the ‘Services’ section
- Click on ‘Golden Visa’
- Select ‘Start Service’ under Investors
- Select ‘Visa to Finalize the Procedures of Golden Residency’
- Submit all the required documents and pay the fee
#2 Online Application GDRFA – Dubai Smart App
- Open the GDRFA Dubai Smart Application
- Register a new account
- Select the Golden Visa service
- Submit all the required documents and pay the fee
#3 In-person – Amer Centre
- Visit any nearest service branch of Amer Centre
- Select the Golden Visa service at the reception counter
- Submit documents and pay the fee
What Documents Are Required For a Real Estate Investor To Obtain a Golden Visa?
- Passport / entry visa copy (if applicable)
- An electronic copy of the Title Deed Certificate
- Personal Photo (colored)
- Valid health insurance
- Fully filled Emirates ID application form (processed as soon as the visa is issued)
Note. Documents in foreign languages must be attested and translated into Arabic by a certified translator.
What Is The Cost of Golden Visa In Dubai?
The cost of an investment visa in Dubai, also known as the Golden Visa or Dubai Residence Visa, can vary depending on a number of factors. Some of the main costs that you will need to consider include:
Property purchase:
The first and most significant cost associated with obtaining an investment visa in Dubai is the purchase of a property. To qualify for the visa, you must purchase a property in the city that is valued at AED 2 million or more. The cost of the property will depend on its location, size, and condition.
Visa application fee:
The visa application fee is typically around AED 7,500 for the main applicant and AED 5,000 for each dependent.
Medical examination:
You will need to undergo a medical examination to ensure that you meet the necessary health requirements. The cost of the examination will depend on the clinic you choose and your individual health condition.
Legal fees:
You may need to pay legal fees to a lawyer or immigration agent to help you with the visa application process. These fees can vary depending on the lawyer or agent you choose.
Other costs:
Other costs that you may need to consider include the cost of translation and notarization of documents, and the cost of travel to and from Dubai for visa-related appointments.
It’s important to note that the costs associated with obtaining an investment visa in Dubai and Abu Dhabi can vary depending on your individual circumstances.
Additionally, the costs outlined above are estimates and may be subject to change. It’s always recommended to consult with an immigration expert or lawyer to get a more accurate estimate of the costs associated with obtaining an investment visa in UAE
Dubai and Abu Dhabi has long been a destination for real estate investors, and the country’s Golden Visa program has made it even more appealing.
Designed to attract foreign investors to the country by offering a number of benefits, including long-term residency, tax exemptions, and access to the city’s growing economy.