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Seize Your Golden Ticket: 2024 Golden Visa Regulations

The UAE Golden Visa program offers long-term residency for skilled professionals, investors, and entrepreneurs. This government initiative aims to attract and encourage high-net-worth individuals to establish stronger roots in the country.

It has been announced recently that the eligibility criteria for the Golden Visa has just been updated, making it easier for real estate investors to acquire this coveted golden opportunity. Even though the minimum property investment is still AED 2M, UAE has lifted the AED 1M required down payment. Simply put,you can now apply for a 10-year residency no matter how much you paid upfront or what the property status is.

Learn more about the Golden Visa and the latest updates below.

Who is Eligible for a Golden Visa?

Potential qualifiers for the Golden Visa program in the UAE often include individuals who meet the following conditions:

    • Public Investors
      • Holds a deposit of AED two million in an accredited UAE investment fund.
      • Valid commercial or industrial license must be submitted, affirming that the investor’s capital is not less than AED two million.
      • The Federal Tax Authority must validate that the investor contributes no less than AED 250,000 annually to the government.
    • Real Estate Investors
      • Purchase of one or more properties, regardless of whether they are off-plan, combined, or mortgaged properties, with a combined value of AED 2M or more.
      • The previous AED 1M down payment requirement has been waived for property buyers seeking the 10-year visa.
      • Despite the removal of the down payment, the total property value must still be AED 2M million and above to fulfill the eligibility criteria.
  • Entrepreneurs
    • Owns an innovative project with approval from relevant.
  • Executives
    • Holds a senior management position with a monthly salary of AED 50,000 or more.
    • Having specialized skills or qualifications in priority sectors.
  • Doctors, Scientists, and Researchers
    • Holds a PhD or specialization in critical fields with a minimum salary of AED 30,000.

Types of Investment

The process of Golden Visa investor valuations in the UAE hinges on the type of investment you’re making.

Property Investment

  • Minimum property investment of AED 2M or approximately USD 545,000.
  • Open to mortgaged properties. Eligibility for the visa with a 20% payment of the property value, aligning with standard mortgage practices.
  • Obtain an official valuation certificate from the relevant land department (e.g., Dubai Land Department for Dubai properties).
  • The previous AED 1 million down payment requirement has been lifted.

Company Investment

  • Minimum investment of AED 2 million or more (USD 545,000 approx.) in either:
    • Deposit in a UAE bank account
    • Share capital of a UAE company
    • An existing company (valuation required)
  • Company Valuation
    • For established companies, a certified audit report may suffice.
    • For new or young companies, a formal valuation by a qualified valuer specializing in the specific industry may be necessary.
    • Check with the relevant authorities for specific requirements based on your company type and age.

To navigate the Golden Visa process effectively, it’s crucial to secure valuation certificates exclusively from accredited entities acknowledged by UAE immigration authorities. Additionally, you must also maintain the investment for at least two years after the Golden Visa has been issued.

It is also highly advisable to explore professional assistance from immigration specialists or certified valuators.

And remember, regulations and processes may differ slightly between emirates. Always check with the relevant authorities or
trusted immigration advisors for the latest information and specific requirements for your chosen investment category and emirate.

How Hamptons Can Help with Golden Visa Investor Valuations in the UAE?

With the UAE’s Golden Visa program attracting increasing interest from investors, our valuation company is perfectly positioned to offer valuable assistance in this area.

Here’s how we can help:

Expertise in UAE Regulations

Our team’s understanding of the specific valuation requirements for various Golden Visa investment categories ensures that clients meet all compliance standards.

We can guide you on the type of valuation needed for their chosen investment, be it in property, a company, etc., and advise them on the relevant authorities to approach.

Accredited Valuations

Our company’s experience in issuing certificates recognized by UAE immigration authorities provides clients with peace of mind, eliminating concerns about document validity and delays during the visa application process.

We are fully accredited and registered valuer’s with the Dubai Land Department.

Streamlined Process

Our established procedures and efficient communication can assist clients in navigating the valuation process smoothly. This encompasses tasks such as gathering required documents, coordinating with relevant authorities, and delivering timely reports.

Let the experts handle it for a smooth and hassle-free Golden Visa application in Dubai.

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