UAE Golden Visa: Automatic Issuance for Property Owners

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The coveted UAE Golden Visa, offering long-term residency and attractive benefits, may soon become easier to obtain for specific individuals. Authorities in the UAE are exploring an automated system for granting Golden Visas to residents who own property worth AED 2 million or more.

UAE Golden visa

Benefits of a Golden Visa:

The Golden Visa offers numerous advantages, including:

  • Long-term residency: Holders are granted residency for a period of 10 years, renewable on specific terms.
  • Family sponsorship: Visa holders can sponsor family members for residency.
  • Exclusive healthcare packages: Access to specialized healthcare plans may be available.
  • Increased freedom of movement: Golden Visa holders can spend extended periods outside the UAE.

Streamlined Process for Property Owners:

Currently, individuals who meet specific criteria, including property ownership, need to apply for the Golden Visa through the standard process. However, this new initiative aims to simplify the process for qualified property owners.

Potential Implementation:

The new system, announced at the UAE Innovates Exhibition in Dubai, could be implemented as early as 2024. Here’s how it might work:

  • Automatic eligibility check: Land department data from each emirate will be linked to the Immigration and Citizenship portal.
  • Visa issuance based on property value: During visa renewal, the system will automatically verify the resident’s property value.
  • Direct visa collection: Those meeting the AED 2 million threshold will be automatically issued a Golden Visa without requiring an application.

Positive Developments:

This proposed change signifies a significant shift in the Golden Visa application process, streamlining the procedure for qualified individuals. It offers several potential benefits:

  • Reduced bureaucracy: Eliminating the application process simplifies the experience for eligible individuals.
  • Increased efficiency: Automating the process frees up resources and potentially reduces processing time.
  • Enhanced resident experience: Streamlined procedures contribute to a more convenient and efficient visa system.

Historical Context:

Initially, Golden Visas were granted to individuals who made exceptional contributions to the UAE, worked in specific fields, or belonged to key industries. The proposed system expands the scope, granting automatic eligibility to property owners who meet the specific criteria.

Conclusion:

The potential introduction of an automated Visa issuance system for qualified property owners is a positive development. It simplifies the process, enhances efficiency, and underscores the UAE’s commitment to attracting and retaining residents. While a specific date for implementation is yet to be announced, this initiative demonstrates the country’s ongoing efforts to create a welcoming and attractive environment for residents and investors.

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