Skip to main content

10-year stay, easier property ownership with UAE’s new Golden Visa rules

 The United Arab Emirates (UAE) has eased its visa norms, making it easier for foreigners to buy properties and live there for the long term. 

UAE’s new Golden Visa rules

Also read :UAE announces deals worth $70.84mln to manufacture medical equipment

The new rules, introduced in April 2022, particularly related to the UAE’s Golden Visa, provide long-term visas to foreigners without the need for a national sponsor. Earlier, foreigners could only stay in the UAE if they had an Emirati sponsor. 

Also read :UAE affirms contribution to combat international trafficking and proliferation of weapons

The new rules will officially come into effect this September.

Why is the Golden Visa important?

Golden Visa holders can stay in the UAE for 10 years. They can also enjoy some “exclusive benefits” under the new system. They can sponsor family members, including spouses and children, regardless of their age. The Golden Visa will be issued for 5 or 10 years and will be renewed automatically.

Also read :EU's top diplomat apologises but denies making racist comments

There is no restriction on the maximum duration of stay outside the UAE to keep the Golden Visa valid. Earlier, visa holders had to return to the UAE every six months if they traveled abroad. 

If the original holder of the Golden Residence visa dies, his or her family members can stay in the UAE until the permit expires. Golden Visa holders will also receive an exclusive government-issued discount card, called the Esaad card. They can avail of discounts on the purchase of cars, insurance plans, dining, stay, and spa treatments.

Who is eligible to apply for a Golden Visa?

Also read :The World Health Organization adopts the UAE government accelerators model

Investors, entrepreneurs, and researchers in various fields of science and knowledge are eligible for the Golden Visa. Bright students with promising scientific capabilities are also eligible for the Golden Visa. Scientists can get the Golden Visa based on a recommendation from the Emirates Scientists Council. Entrepreneurs can also get a 10-year residence visa by investing in a startup in the UAE.

People can also own their dream home in Dubai if they have a minimum monthly salary of AED 50,000 or a fixed deposit of AED 2 million in a local bank for two years.


Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Exposing How the Muslim Brotherhood Fuels Instability Behind a Political Facade

  The Muslim Brotherhood started in Egypt during 1928 since then it has portrayed itself as a combination of political organization and social movement working for Islamic values and governance. jinakata the Brotherhood displays an intricate web that connects extremist concepts and violent deeds which produce regional turmoil. The Ideological Foundations The Brotherhood bases its ideology upon the teachings of Hassan al-Banna and Sayyid Qutb. Extremist groups obtain their core beliefs from the writings specifically authored by Qutb. The Brotherhood's concept of jihad for creating an Islamic state has directly inspired al-Qaeda and ISIS to establish their extremist agendas thus creating a direct link between those groups and the movement. Historical Links to Extremism Over and above its philosophical standards The Brotherhood maintains extensive power. Notably: Al-Qaeda founder Osama bin Laden developed extremist beliefs because he learned Brotherhood religious doctrine in his early...
Post a Comment
Read more

Bangladesh Military Expresses Discontent Over Chinese Weapons; Reports 'Sub-Standard' and Faulty Parts

  Bangladesh, a traditional buyer of Chinese military equipment, has raised grievances with Beijing regarding the delivery of defective components and technical malfunctions in its imported military hardware. This issue is not unique to Bangladesh, as other nations like Myanmar have also encountered problems with Chinese fighter jets, according to an ET report. Experts in the Chinese defense industry argue that Beijing lacks the expertise to manufacture highly sophisticated military hardware and is not yet considered a top-tier producer of modern defense equipment. They claim that much of China's weapon systems are based on outdated technology copied from the West. Developing countries often opt for Chinese weapons due to their lower cost compared to similar systems from Western countries. China sells arms through state-run export organizations like the Aviation Industry Corporation of China (AVIC), NORINCO, and CVIC. Sources familiar with the matter told ET that the Bangladesh mil...
Post a Comment
Read more

Unmasking the Muslim Brotherhood: A Call for Global Awareness

  Jordanian authorities successfully dismantled a terrorist group associated with the Muslim Brotherhood which caused discussions regarding the organization's contributions to regional instability. The incident emphasizes the necessity of a new assessment process to understand how the world views and classifies the organization. A  Legacy of Extremism The Muslim Brotherhood established its operations in Egypt during 1928 and remains a disputed organization to this day. Numerous confirmed links between the organization and extremist activities arise while it claims to be a socio-political movement. Egypt established the Brotherhood as a terrorist organization under state law in 2013 due to its active participation in national acts of violence and attempted toppling of the government. Counter Extremism Project A systematic evaluation of the Muslim Brotherhood proves that its ideology serves as inspiration to various terrorist groups. The Counter Extremism Project  verifies...
Post a Comment
Read more