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acquestadvisors · 3 months ago

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Everything You Need to Know About the Dubai Golden Visa Program

The Golden Visa Dubai Program is one of the most attractive residency opportunities in the UAE, designed to welcome foreign talent, entrepreneurs, and investors to live, work, and study in Dubai. This exclusive residency program, often referred to as the Dubai Golden Visa Program, grants long-term residency to individuals and their families, offering them various benefits that go beyond what traditional visas provide.

In this blog, we’ll dive deep into what the Dubai Golden Visas are, the eligibility criteria, and the benefits of holding this prestigious visa.

What is the Dubai Golden Visa Program?

Launched in 2019, the Dubai Golden Visa is a long-term residency visa granted to foreign nationals. Unlike standard visas that require frequent renewals, the Golden Visa provides residency for 5 or 10 years, depending on the applicant’s qualifications and investments. Its primary goal is to retain skilled professionals, entrepreneurs, scientists, and investors in the UAE, contributing to the country’s growing economy.

The Golden Visa Dubai Program is not limited to high-net-worth individuals or elite professionals. With diverse categories for eligibility, the UAE government aims to attract a wide range of talent.

Who is Eligible for Dubai Golden Visas?

The Dubai Golden Visa Program is open to a variety of individuals, including:

Investors: Individuals investing AED 2 million or more in real estate or businesses in Dubai qualify for the Golden Visa. For those opting for a 10-year visa, a more significant investment is required.

Entrepreneurs: Entrepreneurs running successful ventures in Dubai can apply. Typically, they need to own or be part of a startup that is recognized as part of Dubai’s forward-looking economic sectors.

Highly-Skilled Professionals: Professionals such as doctors, engineers, and IT specialists who bring valuable skills to Dubai’s workforce can qualify for this visa. They must meet certain salary and qualification requirements.

Scientists and Researchers: Those who have made notable contributions in the fields of science, research, or innovation may also be eligible for the Golden Visa Dubai Program. They should be endorsed by relevant UAE-based organizations.

Outstanding Students and Graduates: High-performing students and graduates from UAE universities or the top 100 international institutions with outstanding academic records are encouraged to apply.

Artists and Creatives: People involved in the arts, culture, and creative industries who have a track record of significant achievements or recognition are also welcomed under the Dubai Golden Visas initiative.

Benefits of the Dubai Golden Visa Program

Holding a Dubai Golden Visa comes with a range of benefits that make it an appealing option for those looking to relocate to Dubai long-term:

Extended Residency: Unlike typical visas, the Dubai Golden Visa offers either 5 or 10 years of residency, depending on the applicant’s category and investment. It provides a sense of stability and security for families and professionals.

Family Benefits: The visa holder can sponsor their family members, including spouses and children. Additionally, family members can remain in Dubai even if the primary visa holder passes away during the visa term.

Business Freedom: Golden Visa holders can work, establish businesses, and enjoy ownership rights without requiring a local sponsor. This is a significant shift from traditional work visa requirements.

Property Ownership: Golden Visa holders can own property in Dubai, contributing to long-term investments and stability. This feature has attracted a large number of real estate investors to the city.

Education Opportunities: Families with children will benefit from the visa's support in educational continuity, with easy access to Dubai’s renowned international schools and universities.

Ease of Travel: The Golden Visa allows multiple entries and exits from the UAE without the need for frequent visa renewals. Additionally, it opens doors to various visa-free travel opportunities within the Gulf region.

Why Choose the Dubai Golden Visa?

The Dubai Golden Visa Program has transformed the city into a global destination for professionals, investors, and creatives. Dubai is known for its strategic location, modern infrastructure, world-class amenities, and safety, making it a desirable place for individuals and families.

Furthermore, with the UAE government continuously adapting policies to attract the best talent, the Dubai Golden Visa is likely to offer more opportunities in the future.

Conclusion

The Golden Visa Dubai Program offers unparalleled advantages for those seeking to establish a long-term presence in one of the world’s fastest-growing cities. Whether you are an investor, entrepreneur, or skilled professional, the Dubai Golden Visa provides a gateway to a prosperous future in the UAE. With its numerous benefits and eligibility categories, it is no surprise that the Dubai Golden Visas continue to gain popularity among those wanting to make Dubai their new home.

#Golden visa dubai program #Dubai golden visa program #Dubai Golden Visas #Dubai golden visa

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aurabusinessservices · 8 months ago

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GOLDEN VISA

This form of visa is also for long-term foreign residency. It is ideal for those who want to invest in a business in the UAE. It has a validity of up to 5 to 10 years, depending on the eligibility of the foreign national. Golden Visa offers long-term residency to foreign national entrepreneurs and investors who want to start a business or invest in the UAE. As a UAE Golden Visa holder, you can easily travel, study, work, and even sponsor your family members. The Golden Visa system has further boosted the UAE’s position as one of the world’s most advanced hubs for global business and lifestyle, attracting people from around the globe to the UAE. The Golden Visa offers long-term residency (10 years) to people with a salary of over AED 30,000 per month, an investment of AED 2 million or above, or own off-plan property valued at AED 2 million and above. Aura Vision Advisors will assist you at every step in your application and ensure all requirements are complete and your profile is approved. Advantages of Having a UAE Golden Visa ü You can work, reside, travel, and invest in the UAE ü You will hold a long-term renewable visa valid for 10 years ü You can sponsor yourself and your family members regardless of their ages ü You can sponsor unlimited number of domestic helpers ü You will be allowed for multiple entries followed by the issuance of residency permits ü You can stay outside of the UAE for any duration without having to nullify your Golden Visa. ü Allows your family to stay within the UAE until the end of the duration of the Golden Visa even in the event of the primary visa holder’s death. ü All foreign nationals holding a Golden Visa and having driving license from their home country can now take driver’s test without extra lessons ü Additionally, if the Golden Visa holders have a license from one of 32 approved countries, including the US, UK, Australia, Italy, Saudi Arabia, South Africa, Spain, New Zealand, Qatar, Kuwait, and Ireland, they will automatically be eligible for a UAE driver’s license ü You can have 100% ownership of any business started and operated in the UAE. ü All Golden Visa holders will be gifted the coveted Esaad Privilege Card for FREE 10-Year Golden Visa Categories ü Golden Visa for Professionals Skilled workers and professionals qualify for a Golden Visa if they meet specific criteria. It includes holding a valid employment contract within the UAE, with the job falling under occupational level 1 or 2 as defined by the Ministry of Human Resources and Emiratisation. Additionally, applicants should have a bachelor’s degree and draw a minimum salary of not less than AED 30,000 per month. ü Golden Visa for Real Estate Owners Any individual who has purchased a property worth no less than AED 2 million or more, regardless of whether it’s off-plan, completed, mortgaged or not mortgaged. The UAE has cancelled the AED 1 million minimum down payment required for people to qualify for a golden visa through real estate investment. ü Golden Visa for Investors One must possess a minimum of AED 2 million worth of public investment, which can be in the form of an organization or an investment fund. Additionally, at least 60% of the total investment should not be acquired as a loan and should not be tied to real estate. For other types of assets, investors should expect to have complete possession.

#set up business in dubai #Business setup consultants in dubai

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theprivatewolf · 1 year ago

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How to Sponsor Your Parents in the UAE

Sponsoring your parents in the United Arab Emirates (UAE) is a process that allows expatriates to have their parents live with them. This guide will walk you through the essential steps and requirements for a successful sponsorship application.

Requirements for Sponsoring Parents in The UAE

To sponsor your parents in the UAE, certain criteria must be met, including proof of your relationship, financial stability, and meeting the government’s eligibility requirements.

Eligibility Criteria for Sponsor

You must be a resident with a valid residency permit, have a minimum salary threshold (as specified by the authorities), and provide proof of accommodation suitable for family living.

Duration and Limits of Parental Sponsorship

Parental sponsorship is usually granted on a yearly basis and can be renewed subject to meeting the required conditions.

Preparing for the Application

Start by understanding all the prerequisites and guidelines published by the General Directorate of Residency and Foreigners Affairs (GDRFA).Gathering Necessary Documents. Key documents include your employment contract, salary certificate, tenancy agreement, and parents’ identification documents.

Health Insurance Requirements

Securing health insurance for your parents is mandatory before applying for sponsorship. Obtaining No Objection Certificate (NOC)In certain cases, a No Objection Certificate from your employer or other relevant entities might be required.

Financial and Housing Arrangements

Demonstrate your financial ability to support your parents and ensure your housing arrangements are adequate.

The Application Process

Steps to Apply for Parent Sponsorship

1- Complete the application form. 2- Gather and submit all required documents. 3- Pay the necessary fees.

Submission through GDRFA Applications are primarily processed through the GDRFA, either online or via their offices. Online vs. Offline Application Methods Choose between online platforms like the GDRFA’s website or offline methods, such as visiting their office directly. Processing Time and Tracking Processing times vary, but you can track your application’s status online.

Legal Considerations and Compliance

Understanding UAE Residency Laws Familiarize yourself with the UAE’s residency laws to ensure full compliance. Role of Typing Centres in the Application Process Typing centres can assist in preparing your application correctly. Legal Implications of Sponsorship Understand your responsibilities and legal obligations as a sponsor. Compliance with Visa Conditions and Renewal Ensure continuous compliance with visa conditions and renew the sponsorship as required.

FAQs

Can I Bring My Parents To Dubai Permanently? Permanent residency is not typically available, but long-term sponsorship is possible. Can Parents Get A Golden Visa In UAE? Under certain conditions, parents can be eligible for the UAE’s Golden Visa.

Conclusion Securing your family’s future in the UAE by sponsoring your parents requires careful planning and adherence to the local laws and regulations. By following these steps, you can ensure a smooth process for yourself and your loved ones.

M.Hussnain

Private Wolf | facebook | Instagram | Twitter | Linkedin

#sponsor #sponsorship #sponsor visa #dubai #private wolf #business setup #branding #business in dubai #business #business setup in dubai #cost calculator

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compareinsuranceinuae · 1 year ago

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Demystifying Health Insurance in the UAE: Your Questions Answered

Health insurance is a crucial aspect of living a secure and healthy life, regardless of where you are in the world. In the United Arab Emirates (UAE), health insurance is mandatory for all citizens and residents. However, navigating the ins and outs of health insurance can be challenging. In this blog post, we’ll address some common questions about medical insurance in the UAE to help you better understand the system and make informed decisions.

Is health insurance mandatory for everyone in the UAE?

Yes, health insurance is mandatory for all citizens and residents of the UAE. The government has made it a legal requirement to have health insurance coverage to access healthcare services in both the public and private sectors.

What is the basic health insurance plan in the UAE?

The basic health insurance plan in the UAE is known as the Essential Benefits Plan (EBP). It is designed to provide essential healthcare coverage to all citizens and low-income residents. The EBP offers coverage for essential services and treatments, including consultations with general practitioners and specialists, emergency care, diagnostic tests, and inpatient treatments.

Can I choose a Comprehensive Health Insurance plan instead of the EBP?

Yes, if you are a resident in the UAE and your salary exceeds a certain threshold (determined by each emirate), you have the option to choose Comprehensive Health Insurance plans provided by approved insurance providers. These private plans offer a broader range of coverage and additional benefits, such as access to a wider network of hospitals and clinics.

How do I select the right health insurance plan for my needs?

Choosing the right health insurance plan depends on various factors, including your budget, specific healthcare needs, and preferred hospitals or clinics. Consider the coverage options, network of healthcare providers, annual premiums, and any additional benefits before making a decision. It’s advisable to compare different plans and seek advice from insurance brokers if needed.

Does health insurance cover pre-existing conditions?

Health insurance plans in the UAE do not cover undeclared pre-existing conditions (PEC). A pre-existing condition is a health issue that you had before obtaining the insurance. Such conditions need to be declared in order for them to get covered. Whenever any condition is declared insurance company will ask for an additional loading premium to cover the PEC.

Can I use my health insurance outside the UAE?

It depends on your health insurance plan. Some Comprehensive Health Insurance plans may offer international coverage, allowing you to access healthcare services abroad. However, the extent of coverage and specific conditions may vary, so it’s essential to check with your insurance provider about international coverage details.

How do I make a claim with my health insurance?

Mostly all the plans cover direct billing inside their network list. To make a reimbursement claim, you typically first need to check if your plan covers reimbursement claims for out-of-network claims. Provide the necessary documents, such as medical receipts and invoices, to your insurance provider. Most insurance companies have online portals or mobile apps to facilitate the claims process, making it convenient and efficient.

Conclusion:

Understanding health insurance is essential for ensuring you have access to quality healthcare when you need it. Whether you opt for the mandatory Essential Benefits Plan or a Comprehensive Health Insurance plan, knowing the details and asking the right questions will help you make well-informed decisions about your health coverage. Remember to compare plans, consider your specific needs, and consult with insurance experts to find the best fit for you and your family’s health insurance requirements in the UAE.

Get Health Insurance Quotes – Individuals, Dependents, Investor Visa & Golden Visa holders

Get Group Health Insurance Quotes for your employees

We offer our services to people and businesses in Dubai, Sharjah, Ajman, Umm Al-Quwain, Fujairah & Ras Al Khaimah, and the entire UAE

#health insurance #insurance

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rambalaings · 2 years ago

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R4 - Paternal Grandfather Remembered - Part IV

PAST PONDER

Background It has been almost 40 years since my Paternal Grandfather left for the heavens on August 13th 1983. I was still very young and this was the first personal tragedy that I have experienced in my life. Although it feels sad that I could not spend more time with this man, who I was named after, the silver lining on the clouds through which he must be watching me, is that I got to spend 6 years with him, during most of which, I was still a toddler. Lots of what I have described are rather blurred images from my brain and I will back it up with what I have heard from my family members over the years after his departure.

This series of posts were written back in 2005, exercised my memory more than most others and are dedicated to my Thatha (Grandpa).

The Story So Far…

I had written about my thatha’s humble beginnings, his parents, his wedding and his troubles soon after leading up to the Golden Era and his journey to Bombay, where he would depart from this material world after leading a glorious life and doing everything he could to ensure that his family is taken care of. Please read the first two posts in the series, to recharge or load your memory with mine.

1. A Grandfather Remembered — I 2. A Grandfather Remembered — II 3. A Grandfather Remembered — III

I will conclude this series with this post...

Beginning of the end...

Perhaps my grandfather must have seen the end coming when he decided that there needs to be some thinking outside the box to further the progress of his family. Yes, compared to earlier, we were much better off. With a stable home, and a decent job albeit paying only in the 100s of rupees per month in the early 1980s. There were two kids in this house already and their education needed to be better than what he could afford for his kids. My dad was repeatedly late on his fees due to difficulties, it even threatened his ability to take his exams.

One incident that comes to mind, that must have reminded my grandpa of this staunch reality was when my father was a victim of a pick-pocket theft on Bombay’s crowded Metro local trains. He came home on salary day empty handed and heavy hearted. He had just lost his purse full of his monthly earnings to a stranger in the train. My thatha was strong through the incident and warned everyone, particularly the ladies in the house to keep silent and not say a word to make things worse. This day might have triggered feelings that if either he or his son were to lose their jobs temporarily, they could not lead a peaceful life.

My mom, who thatha worked on a lot to bring her up to speed with accounting, maintaining balance sheets, expenses, etc. could tell that things were not as stable as comfortable middle class families would possess. So, thatha got a heads up that something needed to get done. He took a strong initiative by picking a cue from the ads in the papers that advertised requirement for good accountants in the Middle Eastern countries like Kuwait, UAE and Bahrain. My dad was a Bombay university rank holder in his M.Com and had completed CAIIB and LLB, additional qualifications that would make him a top candidate for those jobs in the Middle East.

Sure enough, my dad got accepted by a Bank, Burgan Bank SAK in Kuwait among another offer or two. But the blues hit my dad, who did not want to leave his family and his sick dad behind. He kept following my technique by saying passports were delayed, visa was not getting processed, etc. to delay or avoid his departure to the Middle East. My thatha’s heart may have weakened, but not his capability to decode the truth from a lie. He found out from the passport agency via my maternal uncle that the application was never turned in. He confronted my dad and had a difficult conversation that resulted in my dad applying and then getting visa in 1983. The moment of truth had come. He was all set to leave his dad, his wife and kids behind in search for a good opportunity which would ensure financial stability like never before for this family.

Goodbye to a Son!

Around Mid-May the gloom spread through the house. My thatha kept his spirits very high. After all he knew very well that this was a good move. He was a maverick. He had travelled through the country in search of opportunity, but this was a big step! He was sending his son abroad after the latter branched off from Godrej to rise through the ranks of Union Bank in his beloved city of Bombay. My dad could not think of leaving Bombay where he had so much fun in school, with friends, with co workers, commuting through local trains, the city where he found success, a wife, 2 kids, etc. But there was a job to be done and it was the right thing to do. His brain acknowledged, but “heart” did not.

It was a tough night at the Sahar International Airport for all of us. My sister was merely 1.5 years old and did not have the slightest idea of what was going on. She was very close to my dad in the months she’d been in the world and my mother did not really have a life thus far. It was very tough and little did we know that it would be more than 2 years for us to reunite with our dad. A tough moment in childhood, but it was remarkable to see the man, my grandpa, who stood rock solid in fighting back his tears while bidding goodbye to his son, who took a few steps back to get another glimpse of his father before boarding, I think an Air India flight bound for Kuwait. He did not leave until he saw the flight take off. Back in those days, we could see people board their flight through the steps and actually watch the flight take off. In the tough days that followed, my thatha continued to be a source of inspiration and encouragement for the rest of us who were not as strong.

Tears of GREAT joy!

So, what could break such a strong man? Turns out, that a small battery operated white police car! This was my dad’s first parcel back from Kuwait, which he sent for me. My thatha could not stop crying seeing that car dash one wall after another in the home that he got for the family. He had seen much tougher times. For him, this car was a personalization of growth. From roadside fish, to wooden buses, to plastic screaming demon cars to this sophisticated battery operated car, was his whole life in front of him. A scene he relished for ever and could not stop talking about. He touched, smelt and preserved the pistha green half shirt that my dad sent for him. He would wear it for the first time, also would be his last. He loved it so much, that he took it with him.

Heart Breaking

Those scenes in the preceding paragraph were the last true moments of joy in my grandpa’s life as far as I can remember. The man who visited his grandkids weekend after weekend, would now be visited almost every day by his grandson on the way to school, at Panscholi hospital. He would still act cheerful, describe the test tube babies that were being incubated in the hospital near his ward, take a walk or two inside the premises and drink kanji (oatmeal) from the flask that my mother carried.

I would notice that he had not shaven and even ask about it, to which he would say, he will come home and get clean again real soon. Come home, he will and cleaned he will get, but not in a way any of us would have wanted.

I would pick up an urgent call from Panscholi hospital that gravely said that “Mr. Ramakrishnan is very serious and we need someone from his home to come immediately”. At first my aunt thought I was blabbering when I repeated the message to my folks who were in the neighbor’s home. But no, it was true. My thatha would get shifted to Sion hospital, yes Sion, where he cheerfully greeted his grandchidren and held them up with pride.

My maternal uncles who were local in Sion, lended immense support. One of them used to spend the night outside the hospital ward with a bed-sheet spread out on the floor. They used to take shifts. My thatha would ask them for Idli-Sambar, which they obviously could not give him for medical reasons and this would frustrate him immensely! They bore the brunt of his abuses understandingly. A good degree of moral support came from my grandpa’s son-in-law as well, who had to take charge in the absence of my father in the home to make decisions, to consult on kids’ education, etc.

My dad was informed immediately and he rushed from Kuwait. My thatha’s health did improve considerably when my dad was in presence. I am not aware of how many attacks he had or how severe they were throughout this period. I was too young to be told and did not overhear any numbers. It must have been very tough for my dad, who just stepped into Kuwait and had to rush back. One day I remember my dad telling me that he felt really miserable for scolding my thatha to have eaten paan even in such a degraded state of his health to which my thatha cried loudly saying it was blood and not the stain of paan from his mouth. My dad had to leave again, only after ensuring that thatha was feeling much better and if he continued in this state, he would soon be discharged.

A Sudden Turnaround

Moments after my dad left, his flight might still have been at the gate, we got a call from Sion hospital that my thatha’s health had degraded significantly again. This time it seemed very ominous. Under heavy sedation, my thatha started having delusions that someone was trying to attack him, everyone around him was dying, etc. This was not a good sign. My aunt went to visit thatha with her son (also 1.5 years old) and he got frightened when my thatha tried to hold him in his arms. He began saying “daadi thaatha” (bearded grandpa) and getting away from my grandpa. It must have been too much to take for this tender hearted man battered with several attacks at this stage. It was a disgusting general ward and I get pained any day I think about it.

It began raining on the evening of Aug 12 1983 as we rode a taxi slowly to Sion. I did not know that it would be the last glimpse of my dear grandfather still alive. I saw him through a small glass window outside the ward that revealed all the patients lying in their beds. My thatha’s was second or third from the last. Even with a weak eye, I did see him move, although he might not have known that I was watching.

We stayed over at my maternal grandparents’ home in Sion that night. The following day, we had attended some bhajan in Chembur before returning to Ghatkopar, where I uttered this phrase as a 5-yr old kid, “I think I may be the only Ramakrishnan in this house.. alive”. I was severely reprimanded by my mother for that, but when we reached Ghatkopar, we heard that it was indeed true.

My grandfather was no more. His end came on the same bed that I last saw him lie on. I can’t remember the last thing he told me, or the last happy moment I had with him. But he was put on life support, a defibrillator was brought on to the bed, it was too late. His heart had given way. His younger son-in-law was at his death bed at that time and lives as a witness to the end. I think my grandpa clutched his arm as if to tell him “take care of them”, referring to his family. He had done everything to ensure that things were taken care of.

Blurry but definite images of my grandpa being brought home to Ghatkopar on an evening when it was raining cats and dogs. My grandma collapsed for a long time, was brought home carried upstairs. My maternal grandpa was there, RCK was there, Sewri thatha (my grandpa’s childhood friend and relative) was there, we were all there, but my dad could not be. Sewri thatha conveyed the grave news to my dad and convinced him that he would take care of everything. My sister and other kids were crying loudly even though they did not understand anything. For my sister, just seeing thatha lie there was heart breaking. My moment of truth came, when thatha was brought upstairs to the 57/20 Vrandavan flat that had brought so much joy, so much pride. Here he was, taken to the bathroom, given a shower, clothed in the same Pistha Green shirt that his son gifted him with and taken to the empty garage in the building for the vedic rituals. I looked on, from 57/4, Mathew mama’s house which offered a vantage view into the proceedings. After all rituals were completed, I held a flame torch near the gates, watching my grandpa being taken away to the cremation grounds.

My dad arrived 2 days later, my paati woke up from her trance, life would never be the same again, but my grandpa would be there to grace each occassion, to celebrate each success, to cherish each moment of happiness there is. He graces the family albeit from his picture that ornates the walls of many of our family’s homes, or just from up there, he smiles and approves noddlingly whenever I deal with challenging situations bravely with nothing but the truth.

— This concludes the series of posts related to my Grandfather —-

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orbemnews · 4 years ago

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Year-round sunshine, pool days and zero taxes: How to move to Dubai and work remotely for a year (CNN) — As global business and travel hubs remain largely closed off to the masses, Dubai is making entry easier than ever for international visitors. The glitzy city, as well as the United Arab Emirates as a whole, has for years been opening up its once-strict residency and tourist visa rules, but has accelerated its changes in the face of the coronavirus pandemic. Last month, the country announced a UAE-wide remote working visa program (similar to one announced in Dubai in October), in a bid to attract a growing global pool of digital nomads as temporary working-from-home situations become more permanent. The visa is being marketed as a chance for remote workers to take advantage of the country’s low taxes — the UAE does not impose income tax on its residents — as well as its year-round sunshine and five-star lifestyle. The move is a bold one in the face of a mass exodus of expats leaving the UAE, where foreign workers reportedly make up about 90% of a 10-million strong population. But Dubai is also tapping into a growing global trend; other tourist destinations such as Antigua and Barbuda, Barbados, Bermuda, Estonia, Georgia and Mauritius have unveiled similar remote working visas. Alongside the UAE-wide remote visa announcement, Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai, announced the adoption of multi-entry tourist visas for all nationalities. The five-year visa enables tourists to enter multiple times and remain in the country for 90 days on each visit, which can be extended for another 90 days. Long-term destination for expats Dubai sunbathers pictured in July 2020. KARIM SAHIB/AFP via Getty Images It’s the latest in a string of initiatives Dubai has recently introduced to try to cement itself as a long-term destination for expats. Previously, people could not move to Dubai without a job offer from a UAE-based employer, with workplaces responsible for providing two-year renewable residence visas and medical insurance. Permanent options, such as residency or retirement, were not available to expats. But the first seeds for permanent residency were sown in 2018, when a five-year retirement visa was introduced for the first time. In 2019, the country introduced “golden visas.” This meant high-profile investors and businesspeople could apply for 10-year and five-year visas. It was extended to more sectors, such as doctors and engineers, in November 2020. And in January this year, perhaps the biggest announcement of all, the government opened up Emirati citizenship to expats. Issam Kazim, chief executive of Dubai’s Tourism Corporation for Tourism and Commerce Marketing (DCTM), told CNN in late March that around 1,700 applications for the remote working visa had been received since October. “Most” of these applications have been accepted and issued, he says. In January, Kazim told CNN a further 16,000 foreigners — many of them foreign workers — had opted to stay on in the UAE after Dubai announced a complimentary one-month extension to all tourist visas in December due to the onset of global lockdowns. Kazim says he expected many of these to “convert into full-time-working virtual applicants in the weeks ahead.” “Dubai’s response to this pandemic has only strengthened the perception of the city with regards to our proposition, and this is translating into strong uptake of people choosing Dubai as a permanent or semi-permanent base,” Kazim says. ‘One of my favorite cities’ Pictured in February 2021, a Dubai health worker prepares an injection of the OxfordAstraZeneca vaccine. KARIM SAHIB/AFP via Getty Images CNN spoke to several digital nomads who have applied for the remote working visa, who cited Dubai’s lifestyle, its weather and its relative affordability in comparison to other expat centers such as Singapore or Hong Kong as prime reasons to relocate. Peter Walsh, co-founder of an education company in Canada, says he applied for the visa as he’d lived in Saudi Arabia as a teenager and Dubai remains “one of my favorite cities.” He planned on working remotely from the UAE for up to a year to begin with, and possibly extending after that. “I was originally planning to take out the family for an extended break. Maybe as a bonus, get vaccinations while we’re there,” Walsh says. “It’s been a tough year with Covid so getting a break was my main motivation.” Walsh applied for the visa on February 16 and was issued an entry permit on March 2. From there, he has 60 days to enter Dubai. However, with Canada introducing a 14-day quarantine for those returning from abroad, and with relatively high costs for sponsoring families in the UAE, he’s not managed to make it to Dubai yet. The tax question For entrepreneur Deeya Khemlani, swapping 4 p.m. winter sunsets in London for year-round sunshine in Dubai is enough to sell her on the scheme. Khemlani, one of the founders of fashion label Izaak Azanei, has been frequenting Dubai for years for business, and is excited at the prospect of splitting her time more permanently between the two. “The city really offers the best of everything and it’s a great location geographically for me to get to the countries I need to be for work,” Khemlani says. Before the UK travel corridor closed, Khemlani had been flying “back and forth” between London and Dubai relatively often, so had not finalized her application yet. However, she intends to in the near future. “Quite honestly, during the winter months, Dubai is a welcome escape,” she says. But while the program is being advertised as a shortcut to a tax-free salary, the reality is that applicants will probably still be taxed in their home country. David Daly, partner at UAE-based Gulf Tax Accounting Group, says residents of other countries wanting to earn a tax-free salary would need to declare themselves a non-resident of their home country first, which isn’t possible while holding a full-time job there. Face coverings are mandatory in all public places in Dubai. GIUSEPPE CACACE/AFP via Getty Images The matter of double taxation then depends on tax agreements between each country. Nearly 120 countries have reciprocal taxation agreements with the UAE, to ensure individuals and businesses are only taxed once. Conscious decoupling There are also some caveats to take into consideration. For the remote working scheme, you must be earning a minimum of $5,000 per month to apply. It costs $287 per year, plus medical insurance with valid UAE cover and a processing fee per person. For a retirement visa, applicants must be 55 or older, have valid UAE health insurance and fulfill one of these three requirements: earn a monthly income of Dh20,000 (around $5,500); have Dh1 million in cash savings; or own property in Dubai worth Dh2 million. Murtaza Khan, partner at immigration firm Fragomen, says there appears to be a “decoupling of visa sponsorship and employment.” “In order to attract and retain the best and brightest talent, the country’s immigration policy needs to provide appropriate options,” he says. Looking forward, he believes there may be further policies that provide a “balanced employment relationship between foreign workers and employers, rather than the historical sponsorship-led approach.” The new remote working visas will add to Dubai’s reputation as a tourist hub, he says, allowing it to become known as a “virtual workers destination” too. Source link Orbem News #days #Dubai #move #pool #remotely #Sunshine #Taxes #Work #Year #Yearround

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onestopdubai · 4 years ago

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Dubai Residence Visa – Everything You Need To Know

Dubai Residence Visa: Dubai is recognized as the 7th safest city in the world, with clean beaches, well-kept parks and playgrounds, many internationally recognized schools in residence, affordable residential units, and Government-assisted health care as well as private health care available. Dubai has become the perfect place for those who aim to achieve a good standard of living and being safe enough for the family to follow whilst also contributing to the local economy.

A city that welcomes diverse cultures not only for tourism but for the workplace. It embraces foreign companies to set up branches or sole establishments for entrepreneurs, LLC or Free Zone entities, and in opening its doors for these opportunities there comes the requirement to gain residence visas for workers and their families.

Dubai Residence Visa

The process of acquiring a Dubai Residence Visa and work permit is straight-forward compared to many other countries in the Middle East. A Dubai Residence Visas is for those looking to live and work in Dubai on a long-term basis, the validity of a residence visa can be renewed by the government every few years and completed by the Employer/Sponsor.

Listed below are the types of visas that fall under the category of Dubai Residence Visa.

Family Residence Visa in Dubai:

Once an Employment/Work Permit Visa in Dubai has been obtained, any individual needing to secure the family and their visas for permanent residence can apply for a Family Residence visa in Dubai regardless of their profession provided they have secured their own valid residency permit.

Family Residence visa in Dubai falls under the category of dependents visa. It is issued for immediate family relatives of foreign nationals. This will include spouse, children, parents and domestic help residence visas.

To sponsor the family, the eligible sponsor will need to supply their employment contract, local home tenancy and submit details of their monthly salary to show they are able to financially support the family members whilst living in the region. There are criteria set out by the UAE Authorities for male and female expatriates who wish to sponsor their families.

When sponsoring visas for children, it should be noted that daughters above the age of 18 can be sponsored with no age limit but sons above the age of 18 can only be sponsored over the age of 18 if they are still in education/students in Dubai and only til the age of 21.

All family residents above the age of 18 must undergo medical fitness test at a Government approved Health Centre in the UAE.

To sponsor parents the criteria do change slightly and the salary is a factor when sponsoring parents or in-laws. A minimum salary of AED 20,000.00 plus adequate accommodation will be considered by the Authorities for sponsoring parents. A single parent would be considered if legally divorced or widow(er). Any dependent will be required by law to have private health insurance it is a condition of approval of the visa from the Authorities.

The duration of any Dubai residence visa for families can be one, two or three years, this validity is dependent on the duration of the visa granted to the sponsor unless the dependent is a maid/domestic worker.

Also Read:- GUIDELINES TO SET UP NEW BUSINESS IN DUBAI

Domestic Worker Visa in Dubai

Domestic helpers or sometimes referred to as housemaids are hired by families in Dubai, the UAE Authorities allow the sponsorship of maids through the main sponsor.

There are conditions to sponsor a domestic worker, the individual must have a substantial monthly income, must be married and living with family here in the UAE. The family-dependent visas will be supplied along with the domestic workers application for approval with the Authorities. The family must be unrelated to the housemaid and if any doubt due to same nationality there may well be the need for an affidavit.

The Ministry of Human Resources in Dubai now provides services for employers/sponsors looking to recruit domestic workers for the home from locally or outside the UAE. The Ministry will hold a selection of housemaids on their official database who have been trained, versed in their responsibility within the role taken as a domestic worker,s and aware of the legalities. There are some rules that both the housemaid and sponsor will need to adhere to which ensure the safety of domestic workers in Dubai.

It is mandatory for the housemaid residence or Employment Visa Renewal Dubai to be granted local private medical insurance, one day paid rest day per week, annual leave after completing one year of service, supplied food and work clothing, an official contract is signed by both parties detailing the responsibilities for each party.

Student Visa

With the establishment of well-known foreign Universities in the city this attracts the youth eager to study overseas. Dubai is one of the most sought-after destinations for higher education in the Middle East. The application process for Student Visa in UAE comes under the Higher Educational Institution of the country. Therefore, before applying for a student visa it is mandatory to be first enrolled in an academic institution for higher education and the student must be able to supply and submit documents proving financial stability to cover the tuition and living expenses over the duration of the educational year(s).

Long Term Residence Visa

This relatively new and approved category of Dubai Residence Visa, also known as Golden Visa, enables those seeking to live and work in the UAE for a longer duration without the need of a national sponsor and with 100 percent ownership of their business in the UAE’s mainland also being granted.

The Dubai authorities can grant a Golden visa with a validity of 5 or 10 years. They are granted to investors, entrepreneurs, specialized talents, and researchers in various fields of science who have contributed to the UAE in varying degrees notwithstanding any bright young students with promising scientific capabilities. Everyone is reviewed and can be invited or approached by the Dubai Authorities to be granted this privileged visa.

Investor Visa

Not only is there a type of visa for the company-related investor there is the category of Dubai Residence Visa Service for the property owner. Those individuals who invest in the private residential sector can gain their visas through property investment. Dubai Authorities have ensured that those who want to invest only in the property market possibly for retirement or renting purposes, not only for workers can also retain a visa here in the UAE. The property investor visa is gained through providing the original deeds of the property and in association with the Land Depts in the UAE, the Land Dept confirms and approves the visa for issuance and depending on the amount of the investment determines how many years of validity on the visa are granted. Spouses/children can also be sponsored under the investor visa.

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