In 2019, the UAE government introduced the Golden Visa program to attract and retain international investors and highly skilled professionals. A report from Henley & Partners, an international investment migration consultancy, indicated that around 4,300 Indian millionaires were expected to leave India in 2024. Many of these wealthy individuals have identified the United Arab Emirates (UAE) as their top destination. The UAE’s flexible visa policies are a significant draw for the ultra-wealthy looking to relocate.
Why the UAE Golden Visa is a Magnet for India’s Richest
The UAE Golden Visa is particularly appealing to those seeking stability, freedom, and growth opportunities. Holders of the Golden Visa can live, work, and invest across the UAE’s seven emirates—Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah, and Umm Al Quwain—without needing a local sponsor.
Key Benefits of the UAE Golden Visa
- Extended Residency: This visa offers long-term residency, allowing individuals to live in the UAE without the requirement of a local sponsor.
- Ease of Travel: Golden Visa holders enjoy the convenience of entering and exiting the UAE without restrictions, making international travel seamless.
- Professional Flexibility: The visa supports an environment conducive to professional and entrepreneurial success, permitting full business ownership and freedom to choose employers.
- Family and Domestic Worker Sponsorship: Golden Visa holders can also sponsor family members and domestic workers, ensuring a smooth transition for their loved ones.
Eligibility Criteria for the UAE Golden Visa
The Golden Visa is available to various professionals, each with specific eligibility requirements:
- Physicians and Scientists: Must obtain approval from relevant scientific committees or the Ministry of Health.
- Creative Professionals: Need clearance from the Department of Culture and Arts.
- Executive Directors: Required to have a degree, at least five years of experience, and a minimum salary of AED 50,000 (approximately ₹11,42,808).
- Investors: Must own a business, deposit at least AED 2 million, and pay AED 250,000 in taxes.
- Entrepreneurs: Must have a project valued at a minimum of AED 500,000 and acquire the necessary approvals.
Decisive Zone and Golden Visa’s
There are 5 types of golden visas:
Investor: If you invest 2 Million Dirhams
Salary: If you are a high salaried professional and if your salary is more than 30,000 Dirhams
High-Skilled: If you are a highly skilled professional such as Doctors, Scientists and Engineers
Globally recognised: If you are a globally recognised face like a celebrity or an influencer
Talents: If you are an exceptionally talented student
Decisive Zone offers step by step aid when applying for a Golden Visa where every document is lined out for you.
To find out more details, refer to our blog on How to Get a Golden Visa.
The UAE’s Golden Visa program remains a powerful magnet for India’s wealthiest individuals, providing them with exceptional opportunities for personal and professional growth. This program not only offers long-term residency but also creates a secure and stable environment, ideal for both business and family life. The ability to live, work, and invest freely across the seven emirates grants these high-net-worth individuals a unique level of freedom and flexibility.
The Golden Visa enhances their access to a world-class lifestyle, featuring top-tier healthcare, education, and infrastructure, all within a globally connected hub that serves as a gateway to international markets. This combination of benefits makes the UAE an increasingly attractive destination for India’s affluent, enabling them to thrive in one of the world’s most dynamic and prosperous regions.
Source: NDTV World
