Living in UAE is related to many strategic benefits, such as perfect chances to expand the business, enjoy discounts and tax-free rules, and get access to world-class medical care and education. The easiest and quickest legal way toward it is UAE residency by investment.
The initiative applies to Indian citizens and offers various inclusion options. Let’s delve into the details of existing opportunities and useful tips on applying for and obtaining this permit.
Detailed Overview of UAE Golden Visa Program
Usually, Golden Visas are associated with investments in the economy of the selected region. This is also true in this case, as one can select:
- buying property for at least AED 2 million (approximately $540,000);
- invest in the local fund or business of AED 2 million.
Moreover, entrepreneurs who would like to launch projects worth AED 500,000 can apply, as well as business executives with a minimum salary of AED 30,000.
The list of possible participants also includes outstanding talents and students in various spheres, humanitarian workers, and heroes. These options require proper substantiation. However, it is quite a rare case, and not many countries provide this offer.
As for the threshold for investors, it is more than attractive, especially taking into account all additional profits and valuable opportunities provided by this state.
Key Benefits of the UAE Golden Visa
As pointed out by Kenley Henderson, an expert of My Golden Visa, the profits that are associated with this program are various and unique.
The next advantages should be definitely mentioned:
- The approved candidates get the right to live, work, and launch a business in the country without any restrictions or limitations.
- There is no income tax for the purchased property, as well as for inheritance and gifts. Other taxation rates are also more than attractive.
- Those who buy property get significant returns, as pricing increases per year reach 4%.
- It is profitable to launch new companies in free zones located here.
- The issued permit is valid for multiple entries. Thus, one can feel free and travel in and out of the country whenever there is such a need.
- The country is ranked as one of the safest worldwide in terms of both political stability and the possibility of natural disasters.
- Local universities are included in the list of the best in the world and their diplomas are recognized in India and many other regions.
- The high quality of medical care also attracts those who wish to live a long and happy life.
Since 2022, the Esaad privilege card has been provided to all participants of this program. It is associated with discounts at over 7,000 businesses here and more than 90 other states all over the world.
Last, but not least, it’s worth mentioning the vibrant life of this country with numerous entertainment options and loyalty to other cultures and their representatives.
The whole family is able to move here as participants of this program, and everyone will find a comfortable environment, starting with children and ending with elderly people.
How to Apply and Visa Validity
The person who is ready for an application should correspond to the following eligibility criteria:
- be full of age;
- have a good health and reputation;
- provide data about financial conditions.
The main processing steps are as follows:
- Due diligence check of the candidate.
- Preparation of the necessary documentation.
- Obtaining a temporary permit for half a year. During this period, the candidate should visit the country, pass a health check, select the type of funding, and complete an application.
- Final approval and making an investment.
- Issuance of the permit.
The obtained document is valid for a period from 5 to 10 years and can be easily renewed. If you wish to learn more details about each step and the related procedures, discover more on mygoldenvisa.io.
Comparison with Other Golden Visa Programs Worldwide
What makes this initiative so special and distinguishes it from other similar options? The first thing to mention is the long list of options for participation. Of course, not everyone can boast some outstanding achievements but investment programs are also competitive and various. Their threshold is low compared to many European alternatives.
Furthermore, the permit is granted for a period of 5 to 10 years with no problems of further prolongation. Thus, the participant feels safe and protected and can build up future plans without hesitation.
The attractive taxation and the presence of free zones are another unique feature. It is appreciated by Indian entrepreneurs and businessmen who wish to expand their companies and increase income. Still, even a property purchase in this secure and thriving region guarantees quick and decent profits.
To conclude, there are no limitations for Indian citizens in this initiative. It is aimed at a global community and appreciates every person who is eligible and wishes to become a participant and get a permit to live and work in one of the safest and strongest regions worldwide.