How Can Dubai’s Golden Visa Impact Global Mobility of Foreign Businesses?

For international businesses looking to expand their operations in the Middle East, Dubai has emerged as one of the most lucrative destinations. Dubai has even surpassed leading cities like Paris, Miami, and New York, standing out with its strategic location. The advanced infrastructure and political stability in Dubai make it a business-friendly avenue.

As the UAE emerges as a key global financial hub, it appeals to entrepreneurs, professionals, and academicians. Obtaining the Golden Visa UAE brings a host of benefits as businesses and entrepreneurs look to expand to the country.

Progressive Visa Policies in the UAE Driving Investments

The progressive immigration policies of the UAE have been instrumental in driving international investments. The Golden Visa was introduced by the government of the UAE in 2019. This was a major initiative designed to attract global talent and retain investors in the country.

This is a long-term residency visa, which makes a tactical shift in immigration from temporary expatriate labour to ensure a more stable and permanent pool of talent. With the Golden Visa UAE, individuals can live, work, or invest in any of the seven emirates of the UAE. These include Dubai, Abu Dhabi, Sharjah, Umm Al Quwain, Ras Al Khaimah, Fujairah, and Ajman.

Key Benefits of the UAE Golden Visa

With the Golden Visa, skilled and wealthy individuals enjoy a host of benefits in the UAE. This long-term residency visa is issue for five to ten years and can be renewed automatically. It supports the diversification strategy of the UAE, reducing its dependency on oil and diversifying the economy to sectors like education, technology, and healthcare. This initiative aligns with the vision of the UAE to establish itself as a global leader in business and talent.

Check out the key benefits of the UAE Golden Visa.

• Longer residency period: The Golden visa allows foreign individuals to reside for a longer period in the UAE without any local sponsor.
• Travelling made easy: With this visa, one can travel to the UAE and outside the country with minimal restrictions. You can also sponsor your immediate family members and as many domestic workers as required.
• Professional freedom: One of the best features of the visa is that it allows individuals to enjoy full ownership of their business in the UAE. They can also choose their employees which nurtures a conducive entrepreneurial environment for growth.

Eligibility of the UAE Golden Visa

The Golden Visa is ideal for individuals from various categories, including scientists, doctors, professionals, investors, executive directors, creative individuals, and those specializing in science and engineering.? It is also beneficial to brilliant students, real estate investors, entrepreneurs, and those making public investments.

Applicants need to fulfil certain criteria to obtain the visa, which varies from one profession to another.

• Scientists and doctors need to seek approval from the Ministry of Health and Scientific Councils.
• Creative professionals need to get approval from the Department of Culture and Arts.
• Executive Directors should have five years of experience, a degree, and a minimum salary of AED 30,000.
• Investors should own a business, deposit AED 2 million, or pay a tax worth AED 250,000.
• For entrepreneurs, it’s imperative to have a project with a valuation of at least AED 500,000 and relevant endorsements.

With professional assistance from companies specializing in PRO services in Dubai , obtaining the UAE Golden Visa will be easy.

Seek Professional Assistance While Immigrating to the UAE

Whether you are an individual or an entrepreneur looking to immigrate to the UAE, professional support from seasoned advisors can be valuable. International businesses expanding to the country often seek global mobility services in UAE from established companies like the IMC Group to streamline the process. With experts on the side, businesses and individuals can seamlessly fulfil the eligibility criteria and confidently apply for a visa to immigrate to the UAE.