UAE Golden Visa demand soars
October 28, 2024
As millionaires across the globe consider investing and moving to the United Arab Emirates, the UAE Golden Visa is witnessing an unprecedented demand. The number of golden visas issued by General Directorate of Residency and Foreigners Affairs Dubai (GDRFA) Dubai has surged 43% in 2023, nearly doubling the 79,617 golden visas issued in 2022 and significantly more than the 47,150 in 2021. There has been piqued curiosity for golden visas secured through bank deposits; highlighting the UAE’s increasing appeal as a secure and promising hub in the world map. Further industry reports reveal local banks are witnessing a surge in enquiries about golden visas from individuals and families seeking overarching security for businesses ready to expand their reach.
Easily, the most accessible and attractive route to the golden visa is through a fixed deposit investment in any UAE based Bank. To be considered proficient for the golden visa, applicants need to deposit minimum AED 2 million (approximately USD 545,000) for a period of two years. This straightforward process offers global investors a secure investment opportunity and paves the way for long term residency. The golden visa is particularly appealing for spouse and dependent sponsorship.
Other options to leverage the Golden Visa include property, investment, managers, celebrity, entrepreneurs, special talents however it is key to note that different options for obtaining golden visa is subject to rules introduced by the Ministry from time to time.
For more than a decade now, we at UHY James have been a reliable partner with a legacy of expertise and trustworthiness. Understanding the distinct needs of both individuals and businesses, crafting personalized approaches at every turn, our seasoned team provides dedicated support by delivering a seamless and effortless process. We collaborate closely with a network of top-tier banks to provide favourable deposit options aligned to your goals. Email info@uhy-ae.com and we will be happy to assist you in fostering partnerships that support you in realizing your business aspirations.