The UAE: A Premier Destination for Global Investors in 2024

• Posted on Oct 16, 2024
• In Industry News, United Arab Emirates

Discover How the UAE Golden Visa Creates New Pathways.

As we closed off the first half of 2024, The UAE has continued its rapid growth across all sectors, with Abu Dhabi and Dubai ranked among the most livable cities in the Middle East and Africa by the Global Livability Index 2024.
Additionally, the UAE secured the 7th spot globally in the IMD World Competitiveness Booklet 2024, maintaining its top position in the Middle East and North Africa for the 8th consecutive year. Abu Dhabi was also named the world’s wealthiest city in terms of sovereign wealth fund assets, according to a report by Global SWF.
Meanwhile, Ras Al Khaimah has experienced steady growth in recent years. As of H1 2024, the emirate continues to demonstrate strong demand and performance across its residential and hospitality sectors, consistently attracting both investors and end-users.
RAK will also be the proud host of the Global Citizen Forum 2024, where the global community will gather to explore and unlock the future potential of global citizenship, with Arton Capital leading the way.
This further solidifies the UAE’s reputation as a prime destination for investment, economic growth, and quality of life, while encouraging foreign nationals to relocate through the streamlined Golden Visa program.

What is the UAE Golden Visa?

Launched in 2019, The United Arab Emirates Golden Residency program, or the UAE Golden Visa, is a prestigious long-term residency permit designed to attract talented individuals and exceptional professionals. It offers residency for up to ten years, renewable without requiring a sponsor.
The program aims to boost the UAE’s development by inviting skilled individuals to contribute to its economy. In return, Golden Visa holders gain the right to live, work, study, and invest in the UAE, alongside other exclusive benefits.

Key Eligibility Categories

Investors: Individuals investing a minimum of AED 2 million in real estate qualify for the visa. Other forms of public investments, as well as specific bank deposits, also make applicants eligible.
Entrepreneurs: Those who own or are partners in start-ups that generate over AED 1 million annually, or individuals who have sold a business for AED 7 million, are eligible to apply.
Exceptional Talents: Inventors, innovators, and individuals excelling in fields such as culture, arts, sports, and technology can apply for the visa without needing specific qualifications or employment status.
Scientists and Professionals: Individuals who have made outstanding achievements and have recommendations from prestigious institutions qualify. This includes experts in critical fields such as medicine, engineering, and technology.
Students and Graduates: High-achieving students from UAE schools and universities, as well as top international institutions, may also be eligible.
Humanitarian Pioneers & Frontline Heroes: Recognized humanitarian workers, along with individuals who served in vital sectors during extraordinary events like the pandemic, are also eligible.
Teachers: Starting from October 15, a new visa category will be available specifically for teachers in Dubai.

Benefits of the UAE Golden Visa

Up to 10 Years of Residency: The Golden Visa can be granted for up to a decade, making it a long-term solution with remarkable flexibility for residency in the UAE.
Work Authorization: Holders of the UAE Golden Visa receive legal work authorization, allowing them to pursue lucrative business opportunities within the country, including Dubai.
Flexible Residency Requirements: Visa holders are permitted to travel outside of the UAE for over six months a year while maintaining their residency status.
No Sponsor Required: Unlike typical work visas, the Golden Visa doesn’t require employer sponsorship. Qualified individuals can apply independently, without the need for a job offer or sponsoring company.
Tax Advantages: The UAE’s tax-friendly environment provides substantial financial benefits. There is no personal income tax, and residents enjoy other tax advantages.
Residency for Family Members: Golden Visa holders can also obtain residency for their spouse and children, regardless of age.
Sponsorship of Domestic Helpers: Visa holders can sponsor an unlimited number of domestic workers, including butlers, nannies, drivers, and other household staff.
Healthcare Access: Golden Visa holders and their families gain access to the UAE’s high-quality healthcare system.
Multiple-Entry Visa: Golden Visa holders benefit from a multiple-entry system, allowing them to enter and exit the UAE without reapplying for a visa.
Visa Renewal: After the initial period, Golden Visa holders have the opportunity to renew their residency as long as they keep their investment.

Required Documents for UAE Golden Residency

The required documents vary depending on the applicant’s specific situation and eligibility category. However, most applicants will need to provide the following:

• A copy of a valid passport (with a minimum of six months validity).
• Recent passport-sized photo in color with a white background.
• Proof of valid health insurance in the UAE for the primary applicant and any family members included in the application.
• Documents establishing family relationships (e.g., birth certificates for children, marriage certificates for spouses).
• A copy of a current UAE residence visa (if applicable).
• A copy of an Emirates ID card (if applicable).

Tax Benefits for Golden Visa Holders

Golden Visa holders enjoy the UAE’s tax advantages, with no personal income tax, capital gains tax, or inheritance tax. This creates an optimal environment for wealth management and financial planning, making the UAE an appealing destination for high-net-worth individuals.

How Can Arton Capital Assist?

Arton Capital specializes in empowering investors to secure global citizenship through strategic investments in second residency and citizenship programs worldwide. With a robust global network and an experienced team, Arton Capital is uniquely equipped to guide you through the UAE Golden Visa process, ensuring a seamless and successful application experience.
Ready to open the door to endless opportunities? Connect with us today.