Dubai’s golden visa program is a residency-by-investment initiative that provides foreign investors with a pathway to obtaining a long-term residency permit in the UAE. The program offers a range of benefits to successful applicants, including the ability to live, work, and study in Dubai, as well as access to the country’s business and investment opportunities.
The golden visa program in Dubai was launched in 2019, and is open to investors who meet specific investment criteria. Under the program, investors can obtain a long-term residency permit for themselves, their families, and their dependents, with the option to renew the permit every 10 years.
To be eligible for the golden visa program in Dubai, investors must meet certain investment criteria. The program offers several investment options, including real estate investment, business investment, and public investment.
One of the most popular investment options under the program is real estate investment. Investors can purchase property in Dubai worth at least AED 1 million (approximately USD 272,000) to be eligible for the golden visa. The property must be held for at least three years, and the investor must have proof of ownership.
Another investment option is business investment. Investors can invest in a new or existing company in Dubai, with a minimum investment of AED 10 million (approximately USD 2.7 million). The investor must have a stake of at least 51% in the company, and the company must have at least 10 employees.
The public investment option allows investors to invest at least AED 10 million (approximately USD 2.7 million) in public investments, such as an investment fund or a venture capital firm. The investment must be held for at least three years.
Successful applicants under the golden visa program in Dubai will receive a range of benefits, including the right to live, work, and study in Dubai. The visa will be valid for up to 10 years, and can be renewed as long as the investor continues to meet the investment criteria.
In addition to the residency benefits, investors under the golden visa program in Dubai will also have access to the country’s business and investment opportunities. Dubai is known for its business-friendly environment, and the government has implemented several initiatives to attract foreign investment in key sectors such as technology, finance, and real estate.
The golden visa program in Dubai has attracted significant interest from investors around the world. The program has been praised for its transparency and simplicity, as well as the wide range of investment options available to applicants. The program has also been lauded for its potential to drive economic growth and development in the region.
In conclusion, the golden visa program in Dubai provides a pathway to obtaining a long-term residency permit in the UAE, with a range of benefits for successful applicants. The program offers a range of investment options, including real estate investment, business investment, and public investment. Dubai’s business-friendly environment and focus on innovation make it an attractive destination for foreign investors looking to expand their reach into new markets.