UAE has announced significant changes to its Golden Visa system.

  • 2 years ago
  • News
  • 0

The changes extend the categories of beneficiaries while streamlining the eligibility requirements. The much-coveted visa allows its holders to stay outside of the UAE for as long as necessary without it having an impact on their residency. In the past, residents who spent six months or more away from the UAE forfeited their residency. Investors, business owners, remarkable talent, scientists, professionals, great students, recent graduates, humanitarian trailblazers, and frontline heroes are all eligible for this lengthy, 10-year residency. The changes allow holders of Golden Visas to sponsor members of their families, including spouses and kids, regardless of the age of the family members. They may support an infinite number of assistance programs (domestic help). In the case that the bearer of the Golden Visa passes away, other perks for family members allow them to remain in the UAE.

Investors in real estate

Golden Residence is available to real estate investors who spend at least Dh2 million on a home. According to recent modifications, investors are now also eligible to get a long-term visa when they use a loan from a certain local bank to buy a property. Investors may also be eligible for the residency if they purchase one or more off-plan properties from recognized local real estate firms for at least Dh2 million.

Publish Date: Mon 18 Apr 2022

Source: https://www.khaleejtimes.com/visa-and-immigration-in-uae/uae-golden-visa-scheme-expanded-new-categories-benefits-announced

Compare listings