What Is Golden Visa
A golden visa, also known as a golden residence permit or golden passport, is a type of long-term residency permit that is offered by some countries to wealthy individuals and investors. The purpose of a golden visa is to attract foreign investment and high net-worth individuals to the country by offering a range of benefits such as the ability to live and work in the country, access to healthcare, education and banking facilities, and in some cases, the ability to apply for citizenship after a certain period of time.
Eligibility criteria for a golden visa can vary depending on the country, but generally, applicants must meet certain investment or financial requirements, such as investing a certain amount of money in the country's property market, starting a business, or making a significant economic contribution to the country.
Golden visa programs are becoming increasingly popular among wealthy individuals seeking a second residence or citizenship, and several countries have launched such schemes. Some examples of countries with golden visa programs include Portugal, Spain, Greece, Cyprus, Malta, and many more.
It is important to note that these programs are subject to change and the terms, conditions, and benefits may vary depending on the country. It's always recommended to check with the relevant authorities for the most up-to-date and accurate information.
Dubai Golden Visa
The Dubai golden visa is a long-term residency program for high net worth individuals and their families. The program is intended to attract foreign investors, entrepreneurs and skilled professionals to live and work in Dubai.
The Dubai golden visa program provides a 10-year residency permit that allows the holder to live and work in the UAE without the need for sponsorship. The visa also grants the holder the ability to sponsor family members, and allows for multiple entry and exit into the UAE.
To be eligible for the Dubai golden visa, the applicant must meet certain criteria, such as having a certain amount of investment in Dubai, owning a property in Dubai, or having a certain level of income. The specific requirements and investment threshold can vary depending on the type of visa and the current policy.
The golden visa also includes additional benefits such as access to healthcare, education and banking facilities, and gives the holder the ability to apply for a UAE driving license.
It is important to note that this program is subject to change and the information provided is based on the knowledge cut-off on 2023, it is advisable to check with the relevant authorities for the most up-to-date and accurate information.