In early 2024, the UAE government made a major and important change in the Golden Visa program. The government abolished the rule of minimum down payment of AED 1 million for real estate investment. This move of the government has made it even easier for Indians to invest in the UAE.
UAE Golden Visa: The UAE introduced the Golden Visa in the year 2019. The main objective of introducing this visa was to attract foreign investors. Through the Golden Visa, Indian investors can not only invest in property in major cities of the UAE including Dubai but can also take full advantage of long term residence in the UAE. This visa is not a visa. The UAE issues this Golden Visa mainly to investors, entrepreneurs, researchers and influential students. With this visa you can stay in the UAE for 5 or 10 years, which can also be renewed later.
What is the eligibility for Golden Visa
If you invest in an investment fund, you can be granted a Golden Visa for 10 years without a sponsor. Provided, a letter has to be issued from a recognized investment fund in the UAE, stating that you have a deposit of 2 million dirhams (AED 2 Million), or a valid commercial license or industrial license and memorandum of association has to be submitted, stating that your capital is 2 million dirhams or more.
The rule of minimum down payment of AED 1 million for real estate investment is abolished
In early 2024, the UAE government made a major and important change in the Golden Visa program. The government had abolished the rule of minimum down payment of AED 1 million for real estate investment. This move of the government has made it even easier for Indians to invest in the UAE, especially for those investors who want to invest in off-plan real estate.
No tax is to be paid on income in the UAE
Let us tell you that, given Dubai’s world class infrastructure and immense earning opportunities, there is a tremendous increase in property as well as rent here. Therefore, this is a golden opportunity for Indian investors. Let us tell you that, no tax of any kind is to be paid on income in the UAE. This is the reason why the number of foreign businessmen, entrepreneurs and investors is increasing rapidly in the entire UAE including Dubai.
