A "Golden Visa" is a type of immigration policy that enables wealthy people to obtain a residence permit or even citizenship in another nation by making a modest donation, making an investment, or buying a home there. However, the investment opportunities vary by country, and property costs are frequently in the millions. Here are a few easy steps to apply for a golden visa in UAE.
Does citizenship in the UAE follow the Golden Visa?
The UAE Golden Visa program is commonly referred to as Dubai Golden Visa. Hence, this gives residency that results in citizenship.
How much is the cost of a gold visa?
It is ranging from AED 2,800 to AED 3,800. However, Candidates who are already residing in the UAE will pay between AED 2,800 and AED 3,800 for the 10-year visa.
What drawbacks are there to the Golden Visa?
The main way to qualify for a Golden Visa is to own real estate worth more than €500,000. Hence, the residence permit will be revoked if the concerned person does not have this sum. This is one of its drawbacks of it.
Shall my employer cover the cost of my Golden visa?
It's not necessary for your employer to pay for your Golden Visa. If a Golden Visa resident's existing or potential employer files for a work visa in the UAE, the Ministry of Human Resources and Emiratisation (the "MOHRE") may grant the permit.
How many people in the UAE have Golden Visas?
There are 50,000 Golden visas. Although, the government has issued roughly 65,000 Golden visas since it revealed the new long-term residency program. The focus of this visa is currently on professionals in the medical, scientific, and artistic fields as well as investors.