Destination Dubai: Investment, Golden Visa, and Retirement
One of the biggest reasons behind Dubai’s prosperity and booming economy is its strategic location: it is a major gateway that stitches the continents of Asia, Middle East, and Africa together. With a growing non-oil economy, the UAE has transformed from a barren desert to a global leader in the financial sector, and offers more than 45 free zones covering a varied range of industries.
The way it has become a household name was through establishing a world-class infrastructure, efficient transport network, nonpareil healthcare services, accredited education boards, and enforcing policies that suit new business setup in Dubai. Additionally, there is no tax that’s levied on the income or property, and it mends policies regularly to make it more conducive for investment.
In light of the current situation, many countries are wary of opening their borders to investors. The UAE has handled the pandemic situation so well that it is able to open its borders to foreign investors looking to work and live in the UAE through the golden visa scheme.
Criteria for a 10-year golden visa
- You must be a property investor: To procure a golden visa, you must have made a public investment of at least AED 10 million. The investment could be investing a deposit of 10 million or more in an investment company, carrying out a new business setup in Dubai, or partnering with a company in the UAE (check out the complete list here).
- Specialized talents: Doctors, researchers, scientists, executives, and others that have made a name in their respective field are eligible for the golden visa. However, this process is often scrutinous and requires accreditation.
Criteria for 5-year golden visa
The 5-year golden visa is granted to entrepreneurs, property investors, and students exhibiting exceptional talents.
- Property investors must invest at least AED 5 million. The investment must be retained for at least 3 years and must not be on a loan basis.
- Entrepreneurs that have or have had projects with a shared capital of at least AED 500,000.
- Students who have scored a minimum of 95% from secondary schools, and a minimum GPA of 3.75 upon graduation.
ALSO READ: 8 Reasons why Dubai is Ideal for Investment
Criteria for retirement visa
- At least 55 years of age.
- Must have health insurance.
Following are the methods through which you can procure a retirement visa:
- Must have a salary of at least AED 20,000 per month; or
- Must have AED 1 million in savings; or
- Must have AED 2 million invested in local property; or
- Options (2) and (3) that tantamount to at least AED 2 million.
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Are you looking to procure the coveted golden visa? Are you looking to setup a new business in Dubai? Well, we will provide you complete assistance with that.
Cross Link International is one of the best business setup consultants in Dubai and will assist you in Trade Licenses, company formation, Business License renewal, PRO Services, Visa Services, free zone company formation, Golden Visa Procural, LLC company formation, Dubai Business Setup, 100% company mainland setup, and many more services that go into business setup. You can reach out to us through + 971 4321 6631 / + 971 55 744 6445 or fill-in this form to get a free consultation from us.
