What is this golden visa?

Asked by: Joanie Metz  |  Last update: November 23, 2022
Score: 4.6/5 (4 votes)

A Golden Visa refers to the immigration program which allows wealthy individuals to get a residence permit or even citizenship in another country simply by purchasing a house there or making a relatively large investment or donation.

What is the benefit of golden visa?

Indian citizens can stay outside the UAE for over 6 months without losing the UAE Golden residence visa. Holders of the Golden Visa UAE can work, study and live in the UAE. Holders of the Golden Visa UAE has full ownership of the business in the UAE. Holders of the Golden Visa UAE can sponsor a spouse and family ...

What does a golden visa means?

A “golden visa” refers to a type of immigration program that many countries offer that can offer permanent residency to a high-net-worth (wealthy) individual, provided they can show that they are going to bring significant investment into the country.

Who is eligible for golden visa?

Outstanding students and graduates

Students from top universities worldwide with a GPA of 3.8 and above are eligible to apply for the golden visa. High school students who have obtained an average rate of at least 95 per cent in the high school certificate from public or private schools are also eligible.

Can a normal person get golden visa?

The Golden Visa 10-year residency permit allows foreign nationals to live, work, or study in the UAE. Investors, entrepreneurs, notable scientists, talented students, humanitarian people, and frontline heroes are the most eligible applicants for this route.

What is Golden Visa?

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Which Golden Visa is best?

Portugal is widely considered to be the 'best' scheme for those looking to get residence by investment. In 2021 it surpassed 10,000 applications for golden visas. And between January and August 2022, the program brought almost €398 million to the country, according to Portugal's national news agency LUSA.

Which country has the cheapest Golden Visa?

  • #1. Malta Permanent Residency Program (€100,000)
  • #2. Greece Golden Visa: Real estate route (€250,000)
  • #3. Portugal Highly Qualified Activity Visa (€175,000)
  • #4. Portugal Golden Visa: Real estate option 1 (€280,000)
  • #5. Portugal Golden Visa: Real estate option 2 (€350,000)
  • #6. Latvia Investor Visa (€250,000)

How do I apply for a Gold visa?

  1. Download the GDRFA-Dubai application through the authorized stores: Apple store/Play store.
  2. Register a new user account (in case there is no account registered)
  3. Select the required service.
  4. Attach the required documents.
  5. Pay the fees due for the service.
  6. Submit the request.

What is green visa?

The five-year UAE green visa is a residency visa that allows its holder to sponsor him or herself for five years without the need for company sponsorship, as well as offering an array of benefits to family members.

How much is gold visa in Dubai?

The 10-year visa will cost between AED 2,800 and AED 3,800 for candidates currently in the UAE. However, applicants from outside the UAE will have to pay between AED 3,800 and AED 4,800 for the Golden Visa. This is a government processing fee, which explains the extra charge for applications from outside the country.

How much is a Golden Visa?

Once your Golden Visa application has been approved, you'll pay a Golden Visa fee of €5,147.80 ($5,648.60) for yourself and each family member. After paying the fee, you will each receive a temporary residence card that is valid for one year. During that initial year, you must spend a minimum of seven days in Portugal.

Why are Indians buying property in Dubai?

This purchase has once against thrust a spotlight on the growing trend of Indians purchasing homes in Dubai. Better quality of life, tax savings and vibrant globalised culture are significant attractions for property buyers in Dubai.

What is a golden passport?

If you're considering getting a second passport, you may have heard of the terms “Golden Visa” or “Golden Passport.” But what does this actually mean? A Golden Visa is either a Residency or Permanent Residency-By-Investment Program, while a Golden Passport refers to a Citizenship-By-Investment Program.

What are the disadvantages of golden visa in UAE?

Disadvantages of obtaining a Golden Visa

The Golden Visa is mainly obtained by having a real estate asset of more than half a million euros. If the person concerned does not have this amount, the residence permit will be withdrawn.

How can I get gold visa for Dubai?

To get an Investor Visa in Dubai or anywhere else in the UAE, you must invest at least AED 10 million in the public sector in UAE or invest at least AED 5 million in a property.

How long can I stay outside UAE with golden visa?

10-year golden visa holders can stay outside the UAE for more than six months without any change to their residence permit status. There is no restriction on the maximum duration of stay outside the UAE in order to keep the Golden Residence valid.

How much is a 2 year visa for Dubai?

For a 2-year, UAE family visa cost of 2022 for applicants out of Dubai without insurance will be approximately AED 2200. Same for an applicant out of Dubai with insurance will be approximately AED 3972. 3-year Dubai residence visa cost 2022 for applicants in Dubai without insurance will be approximately AED 3700.

Can Golden visa holders sponsor parents?

The Golden Visa can be extended to include the sponsorship of spouses, children, parents and dependent siblings, depending on the visa category. There is no limit to the number of children who may be sponsored by the Golden Visa holder.

Can I sponsor my cousin in UAE?

Only first degree relatives (parents, siblings, children) can be sponsored by an expat living and working in the UAE. However, you can sponsor any second-degree relative for a UAE visit visa.

Is Golden visa free in UAE?

Golden Visa UAE price

For individuals applying from the UAE, the Golden Visa will cost between AED 2,800 and AED 3,800. Those applying outside the country will be charged anywhere between AED 3,800 and AED 4,800.

How can I check my visa status for gold?

Users can enquire about the status of GDRFA service through the DubaiNow app.

How much is an investor visa in Dubai?

The Dubai investor visa cost when applying through an Amer centre is as follows: Entry permit: AED 1,175 for individuals in the UAE and AED 525 for individuals outside the UAE. Change of status: AED 675 (not required for individuals entering from outside the UAE). Visa stamping: Approximately AED 870.

Which country gives 10 years visa?

United Arab Emirates. Within its Dubai Golden Visa plan, the UAE offers a 5-year residency program and a 10-year residency program.

Which country gives citizenship money?

The citizenship program at Grenada was launched back in 2013. The citizenship of Grenada also offers access to the USA E2 entry investor visa. The major key benefits of getting citizenship in Antigua and Barbuda are that it gives you the right to move from there to Hong Kong, Singapore, Europe's Schengen areas, etc.

Which countries sell citizenship?

Antigua and Barbuda, Cyprus, Grenada, Jordan, Malta, St Kitts and Nevis, and Vanuatu are among the many countries that have offered such deals. There are few figures about the trade in passports given the overall opacity of these programs.