Countries such as the United Kingdom, the United States, Canada, and Australia have remained popular attractions for Indians. It is not only because of the golden job opportunities but also because they offer green card and visa benefits.
Recently, the United Arab Emirates (UAE) has introduced a few changes in the long-term visa perks as a golden ticket for Indians. Although it is not that UAE was not providing quality of life to South Asian ex-pats, there was no such promise of citizenship. Moreover, there was no significant period for professionals residing in the country when they lost their jobs. The city emphasised for a long time luring businessmen or applicants to invest in real estate rather than engineers, scientists and other fields.
However, the main question arises, what kind of force made the country announce a Visa game-changer for Indians? Let’s see!
In recent years, the UAE has concentrated on decreasing its reliance on oil and developing a new financial model for the coming years, which will require highly skilled workers across the globe. The Emirates launched the Golden Visa programme in 2019 to attract, embrace, and recognise incredible profit and talent from the tech industry and other businesses. Earlier, they allowed ex-pats to reside, work, and study in the UAE without requiring a national promoter or full ownership offers from their company or organisation on the UAE’s continent.
Now, The visa is valid for up to ten years and is aimed at encouraging remarkable employees and overseas investors to become more deeply rooted in the country. Despite the duration of the Visa, subgroups advantages like the ‘Job Exploration Visa’ also launched. In addition, other family members will be eligible for long-term visas and Golden Visas. Children under the age of 25 are eligible for Golden Visa. An upgrade on the previous rule of 18 years, with no age restriction for unmarried daughters. Children of dedication, regardless of age, are approved for a residency card. Also, The golden visa has been granted to healthcare professionals and public figures varying from Giorgio Armani to Bollywood’s Shah Rukh Khan.
Furthermore, there is good news for real estate investors; they can get Golden Residence while purchasing an asset of approximately less than $544,500, AED 2 million. The new amendments rule allows investors to get a home loan from a particular local bank. Investors can also purchase houses on one or more off-plan assets from authorised local real estate organisations at a minimum of $544,500, AED 2 million. Also, Frontline workers who faced the crisis in the COVID-19 pandemic can now apply for the Golden visa under new UAE government rules.
UAE is audacious and ambitious about the scheme, it will succeed. Long-term visa plans will be a key component in the country. This year, the UAE government announced an extension of the 10-year golden visa path to citizenship, which also aims to attract skilled workers to improve its economy. The government is dedicated to increasing public awareness of green cards, job opportunities and partnering with other nations to develop advanced technologies.
