Visa is a process of granting an access to a new entrant or immigrant in a foreign space after an approval of concerned authorities. Golden Visa, as the name gives it away, is a newly introduced unique concept coined by the UAE government to facilitate its massive influx of investors and immigrants. Its most definite purpose is to grant a long-term residency to newly-settled foreigners. However, one of the most unique aspects includes a 5 to 10-year visa grant offered to foreigners. This is highly celebrated as there is no hassle for repetitive visa approvals etc.
But is it worth it? Yes and here’s how:
Appreciation for Excellence
Like many other things, the UAE also feels the need to reward the ‘essential members’ of the society. Essential members or contributing members are those individuals that play a great part in developing a society. For instance, here’s a list of who can apply:
- Ph.D. holders, Scientists and data analysts/experts
- Medical professionals and doctors
- Chief executives
- Outstanding academic profile (their families can also be facilitated)
- Real estate investors
- University graduates with a minimum of 3.8 GPA and more
- Entrepreneurs
- UAE-based medical physicians
- Engineers: electricity, programming, computer science, electronics and biotechnology
Easy Access to the Driving License in Dubai
Golden Visa Benefits for Expats
Complete foreign ownership is offered in the UAE Free Zone. The Free Zone has no corporate taxes, export or import taxes and VAT.
