Conditions for Granting Golden Residency in the UAE for Real Estate Investors
Golden Residency in the UAE is an enticing choice for certain categories of foreigners, including real estate investors. It offers exceptional advantages that make investing and residing in the country a unique experience.
In this article by Realty Zone, we will review the conditions for obtaining the Golden Residency for investors in general and real estate investors in particular. We will also shed light on the nature of the Golden Residency, its benefits, and the application process.
What is the Golden Residency in the UAE?
The Golden Residency is one of the prominent long-term visa programs launched by the UAE government to attract investments and talents from around the world.
Introduced in 2019, this program allows investors, entrepreneurs, and exceptional talents to obtain a long-term residency visa for 5 or 10 years, renewable.
The government has set a minimum amount of 2 million AED for the qualified property to obtain the Golden Residency, whether the property is off-plan, completed, mortgaged, or unencumbered.
Beneficiary Categories of Golden Residency
- Investors and real estate investors.
- Scientists and specialists in specific fields.
- Individuals with exceptional talents and achievements.
- Entrepreneurs and owners of start-up projects.
- Students and graduates with high academic achievements.
- Frontline workers facing crises.
- Humanitarian and volunteer workers.
Advantages of Golden Residency in the UAE
- Multiple-entry visa for 6 months to complete Golden Residency procedures.
- Long-term residency visa for 5 or 10 years, renewable.
- Ability to stay outside the UAE for more than 6 months without canceling residency.
- No requirement for a UAE citizen sponsor.
- Issuance of residency visas for family members, including spouse and children.
- No maximum limit for the number of domestic workers that can be recruited.
- Family members can remain in the UAE in case of the demise of the Golden Residency holder.
Conditions for Obtaining Golden Residency for Investors
For General Investors
- Submit a legal investment project in any UAE emirate.
- Deposit 2 million AED in an approved investment fund.
- Own a company with a capital of 2 million AED according to approved regulations.
- Own a share in a company worth at least 2 million AED.
- Provide evidence of paying an annual tax to the state of no less than 250,000 AED.
For Real Estate Investors
- Own properties with a total value of 2 million AED in full ownership.
- Purchase off-plan real estate units worth 2 million AED.
- Obtain comprehensive health insurance for the investor and their family.
How to Obtain Golden Residency
The Federal Authority for Identity and Citizenship, Customs, and Port Security has launched an integrated service for Golden Residency that streamlines and condenses procedures through an electronic platform.
This platform allows applicants to submit their requests smoothly and efficiently, covering everything from application submission to visa and residency issuance, and even renewal.
Applicants can utilize this exceptional experience through the authority’s electronic platform or its smart application, saving time and effort and facilitating the process of obtaining Golden Residency and enjoying its multiple benefits.
Conclusion
Thanks to concerted efforts to develop supportive economic legislation for increasing local and foreign investments, the UAE currently provides an attractive investment environment through various incentives and facilitations, including the long-term Golden Residency.
Those interested in applying for Golden Residency should ensure compliance with the specified conditions and standards while taking advantage of the integrated electronic services provided by the relevant authorities.
For further information on Golden Residency in the UAE, feel free to contact Realty Zone for a free consultation. If you are interested in purchasing property in Abu Dhabi that aligns with Golden Residency conditions, contact us now to explore a wide range of luxurious real estate options tailored to your preferences.
Editing: Realty Zone©
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