UAE is far ahead in attracting rich people from all over the world. About 6,700 rich people were going to shift to UAE by the end of 2024. In this respect, America was second, where 3,800 people were expected to take citizenship last year.
Gold Card Visa Scheme: US President Donald Trump recently announced the Gold Card Visa Scheme. This scheme gives foreigners a chance to become a US citizen by spending 5 million dollars i.e. about Rs 44 crore. The purpose of this scheme is to attract rich people to come to America. Actually, people all over the world want to become a US citizen. In India too, a large number of people want to go to America and settle there.
More than 100 countries offer citizenship
Apart from America, there are more than 100 countries in the world that offer second citizenship through investment. But, the most popular citizen scheme includes the Golden Visa Scheme of the United Arab Emirates (UAE). Data from the partners of Hanley and Partners confirms this. According to this report, the UAE is far ahead in attracting rich people from all over the world. About 6,700 rich people were going to shift to the UAE by the end of 2024. In this respect, America was at second place, where 3,800 people were likely to get citizenship last year.
Reasons for more interest in Dubai’s visa program
Country Head-India of Henley & Partners said that there are many reasons for people from all over the world being more interested in taking UAE citizenship. First, the tax policy of UAE is very good. The infrastructure there is world-class. The location of UAE is also very strategic. Due to these reasons, it is the first choice of the rich people of the world. Personal income tax of people in UAE is zero. There is no capital gains tax. There is also no inheritance tax. Due to this, people save a large part of their income.
Dubai has excellent medical facilities along with luxury
RIF Trust’s Country Head (India) Gaurav Nalvade said that there are not only financial benefits of living in Dubai. This capital of UAE offers world-class lifestyle to the people. Dubai is also the best in terms of medical and educational facilities along with luxury. UAE’s Golden Visa gives long term stability to investors and family. Dubai today is a destination in the world offering the best lifestyle at an affordable cost.
Option to renew residency after every 10 years
The government registration and application fee in the UAE is around 2,800-5,000 AED. There is an additional fee for family sponsorship. It is important to note that the Golden Residence Visa is valid only for 10 years. After that it can be renewed. The UAE Golden Visa offers long-term residency but it does not provide visa-free access to other countries. Secondly, it is a residency limit. It does not offer citizenship.
