UAE Golden Visa 

The United Arab Emirates is a nation in Western Asia located on the Arabian Peninsula's eastern tip. It shares land borders with Oman and Saudi Arabia, as well as sea borders with Qatar and Iran in the Persian Gulf. Islam is the official religion, and Arabic is the official language. The UAE has the world's sixth and seventh biggest oil and natural gas reserves, respectively. The ruler of Abu Dhabi and the country's first president, Zayed bin Sultan Al Nahyan, supervised the Emirates' growth by spending oil money in healthcare, education, and infrastructure. The UAE's economy is the most diverse of any member of the Gulf Cooperation Council, and its most populated city, Dubai, is a worldwide city and international centre. The country has grown less reliant on oil and gas and is now concentrating on tourism and business. Although there is no income tax in the UAE, there is a sales tax. The country has grown less reliant on oil and gas and has shifted its economic focus to tourism and business. The UAE government does not charge income tax, however there is a corporation tax and a 5% value-added tax was implemented in 2018.

The UAE is regarded as a regional and middle-power power. The United Arab Emirates is a member of the UN, the Arab League, the Organization of Islamic Cooperation, OPEC, the Non-Aligned Movement, and the Gulf Cooperation Council (GCC). The UAE is classified as an authoritarian regime. According to human rights organisations, systemic human rights violations occur, including torture and the forced disappearance of government dissidents. Visitors to the United Arab Emirates must get a visa before to travel unless they are nationals of one of the visa-exempt countries or one of the countries whose citizens are eligible for visa on arrival. Citizens of Gulf Cooperation Council member countries have unrestricted mobility in the UAE. All travellers to the United Arab Emirates must have a passport that is valid for at least six months. GCC nationals just need to show their government-issued ID card. 

What does the UAE Golden Visa offer?

The Golden Visa system effectively grants long-term residency (5 to 10 years) to the following groups: investors, entrepreneurs, those with exceptional abilities such as researchers, medical experts, and those in the scientific and knowledge industries, and exceptional students. The main benefit of the visa will be security, as the UAE government has made it clear through the issuance of the Golden Visa that they are committed to providing expatriates, investors, and essentially anyone looking to make the UAE their home with an additional reason to feel secure about their future.

How does one apply for the visa?         

Individuals interested in applying for the Golden Visa may do so through the website of the Federal Authority for Identity and Citizenship ICA (the eChannel for residence and citizenship) or the ministry's General Directorate of Residency and Foreigners Affairs (GDRFA). While the ICA solely has online channels, the GDRFA has both online and offline   outlets. The procedure is relatively simple, with candidates needed to submit the relevant documentation and be prepared to relocate to the UAE in accordance with their business endeavour.

Who is eligible to apply?

Investors with no less than AED 10 million in public investment, either in the form of an investment fund or a firm, can apply for the 10-year visa. However, at least 60% of the total investment must not be in the form of real estate, and the money invested must not be borrowed, or in the case of assets, investors must accept full ownership. The investor must also be able to keep the money for at least three years. This 10-year visa can be extended to include business partners if each partner invests AED 10 million. The holder's spouse and children, as well as one executive director and one advisor, may be included on the long-term visa.

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