Friday, November 22, 2024

UAE’s Golden Visa: Wealthy Indians Seek long-term residency

The UAE government’s initiative aims to attract global talent and foster a knowledge-based economy

PRAVASISAMWAD.COM

The United Arab Emirates (UAE) has become a popular destination for wealthy Indians, with many opting for the benefits of its prestigious Golden Visa

This long-term residency visa, introduced in 2019, offers significant advantages to investors, entrepreneurs, scientists, scholars, and talented professionals looking to make the UAE their home.

Its appeal lies not only in the UAE’s dynamic economy but also in the exclusive privileges the Golden Visa offers.

What Makes the UAE’s Golden Visa Attractive?

  1. Extended Residency Without Local Sponsorship:

Golden Visa holders enjoy a long-term residence permit that does not require a local sponsor, enabling them to stay in the UAE with ease. The permit also allows for seamless renewal, making it ideal for those who plan to stay for an extended period.

Since its introduction, the Golden Visa has become highly coveted among India’s affluent and skilled, contributing to an increase in Indian investment and professional engagement in the UAE

  1. Flexible Travel Options:

Unlike typical residence permit holders who must return within six months or face visa cancellation, Golden Visa holders can stay outside the UAE for longer than six months without any impact on their visa status. This offers a level of flexibility that appeals to global travelers.

  1. Business Freedom and Full Ownership:

Golden Visa holders can set up and fully own their businesses in the UAE, with no restrictions on selecting employees. This autonomy in business ownership is a significant draw for entrepreneurs seeking a strategic base in the region.

  1. Family and Domestic Worker Sponsorship:

Golden Visa holders have the privilege of bringing family members and domestic workers to the UAE. This facilitates a supportive environment for families relocating to the UAE.

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