So, what is Golden Visa in UAE?
The Golden visa is a long-term residence visa which enables foreign talents to live, and work or study in the UAE while enjoying exclusive benefits.Investors, entrepreneurs, scientists, artist, outstanding students and graduates, humanitarian pioneers and frontline heroes are amongst those eligible for the Golden visa.
And what are the benefits of UAE golden visa holder?
1. Extended residency rights
Fundamentally, the difference between the standard visa holder to a golden visa holder is the extended residency rights, unlike to standard residency visa that requires renewal every two to three years. It can also be availed for the person applying and their dependents for up to ten years.
2. Extended time outside the UAE
As an entrepreneur here in the UAE holding a golden visa residency and having a lot of business ventures abroad, it is possible to spend extended periods of time outside the UAE without impacting their eligibility or the validity of the visa. On the other hand, a standard residents’ visa, your visa would be nullified upon spending more than six months outside the jurisdiction.
3. Ability to sponsor dependents and unlimited service laborers
TheGolden Residence holders have some special advantages as they can sponsor his/her family members, including spouses and children regardless of their age.
In an entrepreneur side, it will be more beneficial as they can be the sponsor to their laborers without limiting their numbers.
There are other benefits for family members that allow them to stay in the UAE in the event of the death of the original holder of the Golden Residence until the end of their permit duration.
4. Exclusive health-care packages
GoldenVisa exclusive health insurance plans will start from just under AED2,400 and can cover claims for up to AED 20,000,000.
5. Dubai Police Esaad privilege card
This card entitles holders and UAE golden visa residents to special discounted privileges including up to 40 percent off school fees, 50 percent off stays at different hotels and attractions around the UAE like “At TheTop in the Burj Khalifa”,discounts on Fly Dubai flights and other shopping outlets, restaurants, and many more.
How can an entrepreneur get a Golden Visa?
Entrepreneurs can obtain a Golden visa if they fulfill one of the following conditions:
How much it cost to apply in Golden visa residency?
For applicants currently in the UAE, the 10-year visa will cost between AED2,800 and AED3,800. But for applicants outside of the UAE, the Golden Visa will cost between AED3,800 and AED4,800, fromMr. Nazar Musa, CEO of PRO Partner Group.
How can we help?
Maitha Alzaabi Auditing offers professional services that an entrepreneur and startup owners would need.
In this new framework, Maitha Alzaabi Auditing may bring to your table the following:
- Assist in the company or business formation on either mainland or free zone. In this service we can create a feasibility study, assist you with all the document preparations, assignments, and research to set up your business.
- Startup consultancy that can assess your eligibility
- Assist in the PRO services with registering and processing your Visa applications
- Accounting and bookkeeping – setting up your accounts and generate financial reports
- VAT consulting and registration
- Internal and external audit
- Financial consultancy to and provide fulfill any financial concerns
Applying and acquiring a Golden visa in UAE as an entrepreneur will stretch your eligibility to reside anywhere in United ArabEmirates for 10 years and gives you a flexibility in many ways, like going in or out of the country’s premises, hiring and sponsoring unlimited laborers and acquiring all other benefits.
The Golden Visa in UAE will help you manage your business efficiency on the long-term without spending your time, money, and energy on the process of renewing your visa.
Furthermore, if you are eligible and meet all the criteria of the Golden Visa, we at Maitha Alzaabi Auditing can fully assist you with it, so that you can focus on other important business activities.