This article was updated on July 7th, 2023
This article was updated on July 7th, 2023
This article has been researched and written by Nageen Abidi and the team at Creation Business Consultants and has not used AI in generating this article.
The UAE Government declared a 10-year resident visa, now known as the Golden Visa, in 2018. With an emphasis on investors, entrepreneurs, and individuals with specialised talent, such as top students, medical professionals, medical researchers, doctors, lawyers, and artists, this visa offers residents long-term residency of either 5 or 10 years.
All highly skilled foreigners and investors who regularly support and contribute to the social and economic development and expansion of the UAE are protected as a main objective of the golden visa.
VALIDITY: 10 years
REQUIREMENTS:
VALIDITY: 10 years
REQUIREMENTS:
VALIDITY: 10 years
REQUIREMENTS:
VALIDITY: 10 years
REQUIREMENTS:
VALIDITY: 5 years
REQUIREMENTS:
For foreign nationals seeking to settle in Dubai or the UAE, the Golden Visa offers great advantages if you meet certain prerequisites. Some of the key needs are stated below, including:
The introduction of the Golden Visa surely impacted positively to the country’s FDI and created an economy that is less dependent on oil and gas It also opened doors for new investors and entrepreneurs from overseas that lead to FDI growth.
The visa change attracted more business owners who were planning to restructure their companies in the UAE.
The long-term visa improved career growth within businesses and lead them to invest more in training among their employees.
The 10-year visa also encouraged greater staff retention rates.
The visa amendments proved to be a game changer for business owners who are expats, especially for those who want to stay in the UAE for a longer time. This resulted in attracting more business, which in turn was beneficial for the country. Additional entrepreneurs started exploring the option of establishing businesses in Dubai and in the other Emirates.
In addition to this, the UAE Golden visa will also generated more property sales which was good news for those in the real estate sector.
As businesses flourish in UAE, there will be a growing need for experienced consultants in establishing successful companies. We at Creation Business Consultants provide complete company formation and business setup services for multinational corporations, small to medium enterprises, and entrepreneurs and that are looking to register their business in Abu Dhabi, Ajman, Fujairah, Sharjah, Dubai, Ras al-Khaimah Umm al-Qaiwain, and the wider-GCC.
Creation Business Consultants team have combined experience of more than 20 years in the industry, and with a team of highly-skilled and experienced executives, it would be our pleasure to support you with your UAE Long-Term Visa so that you too, can continue living life in the UAE. Feel free to contact our corporate structuring team for a complimentary, no-obligation call at +971 4 878 6240 or email [email protected] to find out more about our visa processing and corporate structuring services.
This Article was researched and written on Oct 5th, 2018 by Nageen Abid.
This Article was reviewed and updated on Nov 10th, 2023 by Sam Thomas.