Dubai has always been a dreamland for many individuals and having a permanent residency in this skyscraper city can bring those individuals a step closer to this dream. Golden visas are the new long-term residence visas that will allow foreigners to live, work and study in the UAE without even any requirement of a national sponsor. Also, investors will get the perks of 100% ownership of the UAE’s mainland. The categories that will be eligible for the Golden Visa will include investors, entrepreneurs, individuals with outstanding talent, and outstanding students.

The investors will require to have an investment of AED 10 million for 10 years visa and AED 5 million investment for a 5-year golden visa. They will also need to make sure that 60% of their investment shouldn’t be in the form of real estate. The criteria to apply for the Golden Visa will be different for individuals with outstanding talent. For instance, the scientists will require to present the Mohammed Bin Rashid Medal for Scientific Excellence in front of the concerned authorities. Whereas, artists will need to be accredited by the Ministry of Culture and Knowledge Department. Lastly, the outstanding student should have grades of 95% or above in graduation.

Currently, there are some new changes made to the Golden visa by making it more family-friendly. Now, as per the new reform the property investors will have to invest AED 2 million which was AED 5 million earlier. Also, the Golden Visa duration has been revised to 10 years from 5 years initially.

With the emerging changes in the Golden Visa reforms, there are chances for the investors to face the confusion. Therefore, TVG, a business management and consulting firm in UAE, will help investors and entrepreneurs to make their task of achieving the Golden Visa even easier. All these transformations will contribute to a high-quality life in Dubai for foreigners.

https://www.tvgconsultancy.com/golden-visa/