The United Arab Emirates (SAE) introduced a new gold visa -based visa and offer a lifelong stay for a one -time payment £23.30 Lakh.
This means a supplement to an earlier UAE stay that requires a person to make a certain amount of investment in the Persian Gulf or business real estate market.
Meanwhile, this new visa system has only been extended to India and Bangladesh to test the system’s efficiency.
What does the golden visa intend to do?
This new visa intends to diversify its talent fund beyond very rich people and attract global contributors across different industries.
The final visa approval is only with the UAE authorities. Here are several non -registered checkpoints that the authorities are looking for:
- The visa is intended for medium career experts, entrepreneurs, creators and individuals with significant contributions in various sectors such as healthcare, media, innovation or humanitarian work.
- The applicant must go through the money against money laundering, have clean criminal backgrounds and even let his social media audits be checked by the competent authorities.
The Rayad Group and VFS Global, Visa Service provider, were selected by the UAE authorities to check the applicants and then handed them over.
Why is it different from the old visa system?
Real estate -related residence required applicants to invest at least 2 million AEDs (roughly £4.7 Crore) on the local UAE real estate market.
However, the old model has a catch; If the property is sold or divided, the visa could be canceled. The visa system was used for 10 years and can be restored.
On the other hand, a visa based on the nomination completely removes the requirement of asset ownership.
The new system offers permanent residence in the country, even if the person has no real estate or ownership of the company, which is a more feasible visa for qualified professionals.
It can also open the door for those who do not have to have funds to buy luxury properties, but have valuable knowledge and experience that contributes to the UAE talent fund.
(Tagstotranslate) gold visa UAE
