Dubai Golden Visa price in 2023: What’s driving the high demand?
Dubai has seen a remarkable surge in the issuance of Golden Visas during the first half of this year, marking a substantial 52 per cent increase compared to the same period in the previous year, according to a report.
Additionally, data from the General Directorate of Residency and Foreign Affairs (GDRFA) reveals a substantial 63 per cent increase in the issuance of residency visas this year. The report also highlights a noteworthy 21 per cent boost in the tourism sector.
What is the price of Dubai Golden Visa?
The price of Dubai Golden Visa varies depending on the category of visa you are applying for. However, the general cost is as follows:
Real estate investor visa: AED 2 million
Public investor visa: AED 5 million
Entrepreneur and startup owner visa: AED 500,000
Exceptional Talents Visa: AED 500,000
Scientists visa: AED 500,000
Skilled professionals visa: AED 250,000
Student visa: AED 100,000
Humanitarian Pioneers Visa: AED 100,000
Doctors and nurses visa: AED 100,000
Exceptional coder visa: AED 100,000
The UAE introduced the Golden Visa scheme to offer additional security for those looking to make their future in the UAE. There are numerous advantages for Golden Visa holders, including:
Long-term residency: Golden Visa holders can live, work, or study in the UAE for five or ten years.
100 per cent business ownership: Golden Visa holders do not need to find a national sponsor for almost all business activities.
Employment: Golden Visa holders can apply for jobs with any company in the UAE.
UAE driving licence: Golden Visa holders from one of 32 approved countries are automatically eligible for a UAE driver’s license.
Understanding Golden Visas
Golden Visas represent a category of residency-by-investment programmes, offering individuals and their families the opportunity to secure residency or even citizenship in a foreign nation by making substantial investments in the host country’s economy.
Typically, such programmes necessitate a minimum investment in real estate, government bonds, or other approved investment vehicles to qualify. The term “Golden Visa” derives from its advantageous privileges, including unrestricted travel within the host country and potential tax benefits.
Benefits of getting a Golden Visa
While the primary allure of a Golden Visa for many is the prospect of gaining residency or citizenship, not all programmes confer citizenship solely in return for investments.
Here are some of the most common advantages offered by countries with Golden Visa programmes:
Residency or Citizenship: A Golden Visa affords you and your family members the privilege to reside and work in the host country. In certain cases, your investment may eventually lead to eligibility for citizenship.
Travel: Residency status permits unrestricted travel within the country hosting the programme. In most European countries with Golden Visa programmes, this privilege extends to travelling within the European Union, simplifying business and leisure travel without the need for additional visas.
Education: Many Golden Visa programmes provide access to local education systems, encompassing public schools and universities.
Healthcare: Golden Visa holders often enjoy access to local healthcare benefits, contingent on the host country’s programme.
Tax Benefits: Certain Golden Visa programmes offer tax incentives, such as reduced personal income tax rates or exemptions on foreign income.
Real Estate Investment: The primary pathway to securing a Golden Visa is through investments in real estate, which also presents opportunities for capital appreciation and rental income.