Dubai Golden Visa A Comprehensive Guide for Real Estate Investors
This visa scheme has been warmly welcomed by high net worth individuals (HNWI), especially property buyers in UAE’s showpiece city of Dubai. With the length of the visa being a 10-year renewable residency, the program has become a game changer for many international investors especially those who wanted to be more efficient in terms of taxes as well as connections to other parts of the world.
Key Aspects of Dubai Golden Visa for Real Estate Investors
| Aspect | Details |
|---|---|
| Minimum Investment | AED 2 million ($545,000) |
| Visa Duration | 10 years, renewable |
| Property Types | Completed, off-plan, mortgaged |
| Family Sponsorship | Spouses, children, domestic workers |
| Tax Benefits | No personal income tax, 9% corporate tax |
| Application Process | Submit through GDRFAD, authorized centers |
What is the Dubai Golden Visa?
The Golden Visa refers to the medium to long-term residence permit plan that was formally launched in 2019 with objectives to attract talents, investors, and professional workers. Said investment in Real estate gives the investor access to a renewable 10-year residency visa, enabling the holder to work, study and live in Dubai without the need for a sponsor.
Eligibility for Real Estate Investors
To qualify for the Golden Visa through real estate investment:
- Minimum Investment: The purchase of property has to be of a minimum value of AED 2 MILLION (Approximately US $ 545,000).
- Property Type: The property can be newly built, can be an off-plan home or an actual or built up home. Factors in the offer consist of: Changes in the announced offer that does not demand a minimum down payment of AED 1 million for the Investors gave potential buyers more flexibility.
Application Process
- Property Purchase: Buy a property or properties valued at AED 2 million or more.
- Letter of Confirmation: Obtain a letter from the Dubai Land Department confirming ownership.
- Visa Application: Apply through authorized channels such as the GDRFAD website or typing centers.
- Multiple-Entry Visa: Upon submission, applicants receive a six-month multiple-entry visa, allowing them to finalize residency and undergo medical tests.
Benefits of the Golden Visa
- No Personal Income Tax: Dubai offers zero personal income tax, making it an attractive location for high-net-worth individuals.
- Stay Flexibility: Golden Visa holders can remain outside the UAE for more than six months without losing their residency status.
- Family Sponsorship: Visa holders can sponsor family members, including spouses, children, and domestic helpers.
Dubai Golden Visa Quiz for Real Estate Investors
Quiz created by 95dubai.com
Why Choose the Golden Visa?
Dubai has always stood out as an excellent investment location because of its favorable geographic position, a tax haven status as well as well-developed infrastructure. Compared to some of the other programs, the Golden Visa doesn’t have minimum down payment and allows investors to buy different types of properties.
FAQs About Dubai Golden Visa for Real Estate Investors
| Question | Answer |
|---|---|
| What is the minimum investment required? | AED 2 million ($545,000) |
| How long is the visa valid? | 10 years, renewable |
| Can I sponsor my family? | Yes, spouses, children, and domestic workers |
| What types of property are eligible? | Completed, off-plan, or mortgaged properties |
| What are the tax benefits? | No personal income tax and 9% corporate tax |