Since its formation in 1971, this small country in the Arab peninsula has successfully transformed itself from quaint rocky desert, coastal plains and wetlands to one of the wealthiest and most developed country worldwide. Burj Khalifa, Burj al Arab, Palm Jumeirah and Dubai Frame are just a few of the world-class structures that are manifestations of UAE’s prominence amongst all other major economies of the world. Tourists, expatriates and investors from all over the world are drawn into the country. Foreigners making up the significant majority of its population; which reflects its business friendly policies, low tax, and safety. The official language is Arabic but English is widely spoken everywhere in the country due to its large expat population.
UAE Golden Visa program has been in place since 2019. In 2022, the government enhances the requirements to get their Golden Visa with reduced investment amount, no restrictions on the duration of stay in other countries and opportunity to buy off-plan properties and take a mortgage. These new measures heighten the attractiveness of its Golden Visa program to qualified foreigners.
RESIDENCE PERMIT
AT A GLANCE
Investment from
AED 750,000 / USD 208,000
Processing time
1 - 2 months
Physical Presence
One or two short visit per year
Time to Citizenship
30 years
Residence Tax
0%
Visa Free Destination for Citizen
176 countries
Benefits
- Opportunity to live in one of the wealthiest and most developed country world-wide with very high standard of living, and very safe at the same time. However, to maintain the golden visa, investors just need to visit UAE once or twice a year.
- Almost seamless transition from your home country if you are speaking English, as English is widely used everywhere in the country.
- Low investment, quick application process
- No tax on personal income, wealth, capital gains, inheritance, estate and gift tax. Rental income on domestic property is taxed at 5% from each owner and tenants. Corporate tax is levied at a low rate of 9% if a company generates a profit of AED 375,000 or more per year.
- Getting an Esaad Privilege Card: Esaad is Dubai’s discount program. Its participants may get exclusive offers, bonuses and discounts up to 70% in shops, clinics, service companies and other establishments in the UAE and abroad.
