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UAE Golden Visa: How the UAE has transformed its global status through visa reform

Learn about the UAE’s visa history, including the impactful Golden Visa and Smart Visa programs, as the country attracts tourists, investors and skilled workers to boost its economy. A tale of evolution and innovation

UAE Golden Visa

The United Arab Emirates (UAE) has a rich history when it comes to its visa programme, dating back to the 1970s when the country was first established.

Over the years, the UAE has developed a visa system aimed at attracting tourists, investors, and skilled workers to the country. In recent years, the UAE has introduced new initiatives to further boost its economy and attract foreign investment, including the introduction of the UAE Golden Visa.

The first visas to the UAE were issued in the 1970s, with the primary focus on attracting foreign workers to the country. These early visas were relatively straightforward, requiring applicants to provide basic information about themselves, including passport details and the reason for their visit.

UAE visa reforms

As time went by, the Emirates visa programme evolved to keep pace with the country’s changing needs.

One of the key developments was the introduction of multiple-entry visas in the 1980s, which allowed tourists and business visitors to enter and exit the country several times, making it easier for them to conduct business or explore.

Recently, the UAE has become a popular destination for tourists and business visitors. This has led to the introduction of several initiatives aimed at boosting the country’s economy and attracting foreign investment.

One such initiative is the UAE Golden Visa, launched in 2018, which is a 10-year residency visa aimed at attracting high-net-worth individuals (HNWI) and their families to the country.

To qualify for the visa, one must make a significant investment in the Emirates, such as buying property or investing in a local business. The visa provides various benefits, including access to healthcare and the ability to sponsor dependents.

The UAE Golden Visa has been a major success, with thousands of individuals and families applying in the first few years of its launch. It has proved particularly popular with individuals from countries such as Russia, China, and India, who are attracted to the country’s low tax regime, stable political environment, and thriving economy.

Another development in the UAE visa programme is the Smart Visa, launched in 2019, aimed at attracting skilled professionals and technology experts to the country. It provides fast-track visa processing and the ability to sponsor family members. The Smart Visa has been well received and has helped bolster the UAE’s reputation as an innovation and technology hub.

In addition to the Golden Visa and Smart Visa, the UAE has introduced several other initiatives to attract foreign investment and boost its economy, such as free zones with benefits such as 100 percent foreign ownership and tax exemptions. These free zones have proven successful, with many international companies choosing to set up operations in the Emirates.

Finally, the country has introduced several digital initiatives to make it easier for individuals and businesses to apply for visas and navigate the immigration system, such as an online visa application platform for tracking applications from anywhere in the world.

In conclusion, the UAE visa programme has come a long way since its introduction in the 1970s. Over the years, the country has introduced several initiatives to attract tourists, investors, and skilled workers, establishing itself as an innovation and technology hub.

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