The Golden Visa is one of the most sought-after visas due to the vast number of benefits it offers. The UAE Golden Visa benefits include long-term residency with exclusive privileges and opportunities that are inaccessible otherwise.
It is a must for anyone who is looking to set up roots and wants to settle in the UAE’s diverse and dynamic society.
In this blog, we will take a look at the golden visa benefits for individuals and families and how they affect the personal and professional lives of visa holders.
The Top 18 Benefits of Golden Visa UAE
The UAE Golden Visa program provides unparalleled benefits for its holders in terms of personal, professional, and lifestyle needs. The Golden Visa enables a person to enjoy the best the country has to offer.
1. Long-Term Residency(5-10 Years)
One of the most significant benefits of the UAE Golden Visa is the extended period of residency for 5 to 10 years. This duration is much higher as compared to other visa options, providing more stability, reliance, and mental peace.
Due to the long-term residency advantage, you can expect personal and professional growth. A Golden Visa holder in Dubai can establish deeper roots by setting up long-term goals for their future with more certainty.
Having longer residency also creates a more profound sense of belonging in the families. They can easily integrate into the UAE’s community and rich culture and feel at home.
2. No Local Sponsor Required
Another great advantage of holding a Golden Visa in Dubai is that you will no longer need a local sponsor. With other visas, this is usually a handicap, but the Golden Visa eliminates this requirement.
Entrepreneurs and investors get full autonomy over their business operations. This empowers them to establish and manage their ventures without any third-party involvement or constraints.
The flexibility and decision-making agility boost the growth potential of a business and increase operational efficiency. All these benefits make the Golden Visa an attractive choice for entrepreneurs and business owners in the UAE.
3. Tax Benefits
One great advantage of residing in the UAE is zero tax on personal income. With a Golden Visa Dubai, you can enjoy an extended stay in the UAE, which guarantees you no income tax for the next 5-10 years. This results in a significant financial advantage with more savings.
For business owners and entrepreneurs, the UAE offers a competitive corporate tax rate of 9%, applicable to businesses with taxable income over AED 375,000. It is one of the lowest corporate tax rates globally, allowing your business to make more profits and giving you a better chance at scaling.
4. Access to Employment and Business Opportunities
The UAE has world-class infrastructure and amenities with advanced technology ecosystems. All these traits create a lucrative environment for business growth.
The country’s strategic geographical location at the crossroads of major global trade routes makes it a preferred destination for entrepreneurs and investors. Hence, there are plenty of opportunities to advance your career in the UAE.
The Golden Visa enables you to capture these opportunities with ease. You don’t have to worry about sponsorship, and you can take advantage of any opportunity that comes up.
5. Property Ownership Rights
Golden Visa holders in the UAE also enjoy a streamlined process for property ownership. This simplifies the process of acquiring real estate in designated areas.
With this benefit, you get the opportunity to leverage the country’s lucrative real estate market. You can invest in premium properties and enjoy mortgage advantages associated with long-term residency.
6. Multiple Entry Visa and Global Mobility
A UAE Golden Visa holder enjoys multiple entry privileges, thus facilitating global mobility. Golden Visa holders can travel in and out of the country without reapplying for a visa each time, which saves time and effort.
This flexibility benefits entrepreneurs, professionals, and families with global connections and business interests. You can maintain your international ties while residing in the UAE and can easily travel for business requirements as well.
Golden Visa owners enjoy a hassle-free travel experience with their families without any disruption to their personal and professional lives.
7. Exclusive Benefits (Esaad Privilege Card)
Some specified categories of Golden Visa holders in Dubai are eligible for the complimentary Esaad Privilege Card. This grants them access to substantial savings across various sectors.
Esaad Privilege Card enhances your purchasing power by offering discounts on services, such as –
- Luxury purchases
- Property transactions
- Health insurance premiums
- Hospitality services
- Automotive services
These exclusive lifestyle privileges give an enriched experience to Golden Visa holders. The cost-effective purchases allow them to maximise the usage of their disposable income while enjoying a higher standard of living.
8. Family and Domestic Workers Inclusion
A Golden Visa holder in the UAE can sponsor family members. The family members that are eligible for sponsorship include spouses, children, and in some instances, parents and siblings too. This provides a sense of security and stability by ensuring family unity.
In addition to that, you can also sponsor your domestic staff, such as housemaids and drivers. This unique advantage ensures convenience and is specifically beneficial for families with special household needs.
However, compliance with the UAE’s regulatory standards for sponsored staff is mandatory. You must ensure fair treatment, proper accommodation, and adherence to labour laws. Adhering to such regulations is necessary for ethical practices and to safeguard domestic workers’ rights.
9. Exemption from Employment Restrictions
Golden Visa holders are exempt from traditional employment restrictions. They have unlimited flexibility in the job market, which is not possible for other foreigners.
Golden Visa holders can change employers or pursue multiple job opportunities simultaneously. They do not have to worry about their visa status. This freedom enables career growth and diversification by exploring various career paths.
Another benefit of the Golden Visa is that individuals can start a business without losing their employment. Hence, they can increase their earning potential and experience professional growth without losing financial stability.
10. Benefits for Doctors and Access to Healthcare
The UAE Golden Visa grants families access to an exceptional healthcare system. The UAE healthcare system is one of the best in the world and has world-class healthcare professionals. You receive high-quality care and peace of mind in the UAE.
There are also Golden Visa benefits for doctors as they can work in some of the best healthcare facilities in the world. Doctors can also seek career growth with higher earning potential here.
11. Access to High-Quality Education
The benefits of the Golden Visa for students are numerous. Families with children get access to international universities and even potential discounts on higher education.
This promotes academic excellence and provides opportunities for students to receive top-notch education.
12. Safe and Secure Environment
The UAE is globally recognized for its high safety standards and low crime rates. UAE residents enjoy a peaceful living atmosphere with a sense of security for themselves and their families.
This secure lifestyle enables you to focus on your personal and professional growth without concerns for your or your family’s safety.
13. Access to Premier Leisure and Entertainment
The UAE residents enjoy world-class leisure and entertainment facilities. The nation is renowned for its luxury shopping malls, exquisite dining options, cultural festivals, and sporting events. People from all over the world live in harmony here, enjoying their diverse interests and lifestyles.
You can find restaurants, markets, and shops catering to your unique needs, contributing to a balanced and fulfilling lifestyle. This allows you to have an enriched experience of living in the UAE with multiple ways of relaxation and recreation.
14. Eligibility for UAE’s Driver Licence
Driving licence holders from their home country can take a driver’s test in UAE without any lessons if they possess a UAE Golden Visa. if your licence is from one of the 32 approved countries, such as the UK, Australia, or the US, you don’t need to take the test at all. In this case, you can obtain a UAE driver’s licence simply by presenting your home country’s licence.
15. Discount on Real Estate Purchase
Abu Dhabi residents with a Golden Visa can enjoy discounts on certain properties from Imkan Properties. Additionally, Abu Dhabi Commercial Bank and First Abu Dhabi Bank offer lower fixed-interest rates on mortgages for real estate Golden Visa investors. Additionally, non-real estate investors holding a Golden Visa can benefit from special savings account rates.
16. Visa Free Travel To Some Top World Destinations
One of the other UAE Golden Visa benefits is visa-free countries to travel. And these are not just any countries. There are some attractive destinations in the list of visa-free countries for UAE Golden Visa holders. All you need to do is book a flight ticket, and you are good to go without the hassle of visa processing. Some visa-free countries where you can enjoy an unforgettable stay include Maldives, Thailand, Malaysia, Mauritius, Singapore, and Japan. However, you must still check the visa requirements before visiting these countries, as the list is subject to change.
17. Benefits for Teachers and Educators
Private teachers and educators are now eligible to apply for the Golden Visa in UAE. Eligible educators, including school principals and academic leaders, can enjoy better job security and opportunities for professional growth. Golden Visa offers teachers long-term residency, career stability, and recognition for their contributions. Teachers can streamline the application process with KHDA approval and assistance from firms offering PRO Services in Dubai, UAE.
18. Benefits of Golden Visa UAE for Students
With a Golden Visa, expat students in the UAE can get discounts at international university branches. This allows them to enroll in courses that would have been inaccessible to them due to high fees. Golden Visa opens doors to many programs at top global universities in Dubai, where students can explore different fields and earn degrees recognized around the world.
Final Words on Golden Visa UAE Advantages
The UAE Golden Visa offers numerous benefits that are exclusive to the visa holder. With long-term residency, tax advantages, and flexibility in career, the Golden Visa provides an opportunity to establish roots and flourish in the country.
At Avyanco, a leading business setup consultancy in Dubai, UAE we understand the importance of the Golden Visa to you as an individual looking for tremendous growth opportunities. Hence, we are fully committed to providing the proper guidance throughout the entire process. We ensure a seamless experience and enhanced chances of obtaining the Golden Visa.
Connect with our team of experts to enjoy Golden Visa benefits today.