The UAE Golden Visa Program
The UAE has been gaining attention recently for its “golden visa” program, which offers long-term residency to foreigners who invest in the country. Now, the UAE is taking its golden visa program to the next level by launching a new platform to make the application process even more accessible.
This move is expected to attract even more investors and entrepreneurs to the country, particularly in Dubai, one of the most popular destinations for the golden visa UAE.
In this blog, we will explore the details of the new golden visa UAE platform and what it means for those interested in obtaining a golden visa in the UAE. If you’re interested in business formation in the UAE or obtaining a UAE golden visa, this content is for you.
What is UAE’s Golden Visa?
The UAE golden visa is a long-term residency program that allows foreign investors, entrepreneurs, and professionals to reside in the UAE for up to 10 years. Initially introduced in 2019, this program has been a popular choice for foreigners who wish to live in the country for an extended period.
The program grants residency to investors, entrepreneurs, specialized talents, researchers, and outstanding students and aims to make the application process for the golden visa even more accessible and streamlined.
Unveiling the Key Benefits of the UAE Golden Visa
Obtaining a UAE golden visa has many advantages, making it an attractive option for foreign investors, entrepreneurs, and professionals. The new golden visa UAE platform aims to make the application process even more accessible, making it easier for those interested in obtaining a golden visa in the UAE. Here are some of the key benefits of getting a UAE golden visa.
No Need for National Sponsors
One of the significant benefits of the golden visa is that investors and entrepreneurs do not need a national sponsor to establish their businesses in the UAE. This allows them to have complete control over their business operations and decisions.
With a golden visa, investors can have multiple bank accounts, which is essential for business owners with transactions in multiple currencies.
Ease of Travel
Golden visa holders can travel in and out of the UAE without needing a separate visa, making it easier to conduct business internationally while maintaining their residency in the UAE.
0% Corporate and Income Tax
Another significant advantage of the golden visa is that investors are not subject to corporate or income tax, making it an attractive option for entrepreneurs looking to establish their businesses in the UAE.
The UAE offers world-class healthcare facilities, and golden visa holders can use these services.
Extended Residency Rights
The golden visa program grants residency rights for up to 10 years, which is significantly longer than most other residency programs.
Dubai Police Esaad Privilege Card
In addition to the above benefits, the golden visa comes with a Dubai Police Esaad privilege card, which offers several discounts and benefits, including access to public parks, museums, and other attractions in Dubai.
How to Obtain a Golden Visa
To secure your golden visa, there are several steps that you’ll need to undertake. And though the process is designed to be simple and streamlined, you’ll need to perform the necessary research for the best results. In many cases, you’ll want to work with professional consultants, like MSZ Consultancy, to handle this process. But if you’re intent on handling the process single-handedly, here are the steps you’ll need to take:
Choose Your Category or Investment
The golden visa program offers residency to investors, entrepreneurs, specialized talents, researchers, and outstanding students. First, you need to determine which category you belong to and prepare the required documents accordingly.
Submit Online Application
Once you have all the necessary documents, you can submit your application through the new golden visa UAE platform. The platform offers an easy-to-use online application process, which should take about 30 minutes to complete.
Pay Application Fee
After submitting your application, you will need to pay an application fee. This fee varies depending on your category, and it can range from AED 1,150 to AED 6,000.
Hold for Approval
Once you have submitted your application and paid the fee, the authorities will review your application. This approval process can take between 20 and 30 days. Once your application is approved, you will receive your golden visa, which grants you residency in the UAE for up to 10 years.
Need Assistance with Securing Your Visa? MSZ Consultancy Can Help!
Whether you are a small startup or a larger branch, MSZ Consultancy has the expertise and knowledge to help you navigate the complex legal landscape of the UAE. They can provide you with a range of services, including legal and financial advice, company formation, visa processing, and more.
With the new golden visa Dubai platform, obtaining a golden visa has become more accessible than ever before. And with the help of MSZ Consultancy, you can make the most of this opportunity and realize your business dreams in the UAE. Don’t hesitate to take advantage of our expertise. Contact MSZ Consultancy today at +971 52 544 1248 and let us help you start your journey toward success!