As 2024 approaches, an estimated 4,300 Indian millionaires are poised to leave their home country, with many eyeing the United Arab Emirates (UAE) as their new haven, according to a recent report by Henley & Partners, an international investment migration consultancy.
The UAE’s Golden Visa program stands out as a significant attraction for these ultra-wealthy individuals. The visa offers a range of benefits that make it an appealing option for those seeking a new base of operations or residence.
Golden Visa Highlights
1. Extended Residency: This long-term permit allows holders to live and work in the UAE without needing a local sponsor.
2. Travel Convenience: Enjoy seamless entry and exit from the UAE.
3. Professional Flexibility: Supports both entrepreneurial ventures and professional employment with full business ownership and employer choice.
4. Family and Domestic Worker Sponsorship: Visa holders can bring family members and domestic workers to live with them.
Eligibility Criteria
– Physicians and Scientists: Must obtain permission from relevant scientific bodies or the Ministry of Health.
– Creative Professionals: Requires clearance from the Department of Culture and Arts.
– Executive Directors: Need a relevant degree, at least five years of experience, and a minimum salary of AED 50,000 (approximately ₹1.14 million).
– Investors: Must have an active business, deposit AED 2 million, and pay AED 250,000 in taxes.
– Entrepreneurs: Required to have a project valued at no less than AED 500,000, along with necessary approvals.
Launched in 2019, the UAE Golden Visa program aims to attract and retain global investors and talented individuals, reinforcing its status as a prime destination for the world’s elite.
Source: NDTV
