The UAE offers favourable advantages like tax-free incentives, investor-friendly policies and attractive immigration incentives such as the Golden Visa, that continues to attract the largest number of high-net-worth individuals (HNWIs), according to an analysis by Passport Legacy, a leading and globally trusted government-authorised entity that facilitates RBI and CBI programmes.
Geopolitical volatility has caused huge shifts across global sectors, the immigration industry in particular, has seen notable changes including an influx of European investors. This has led to the UAE attracting the largest number of high-net-worth individuals.
Among other immigration incentives, the UAE Golden Visa was launched in 2019 and has enabled expatriates to live, work and study in the country without the need for a national sponsor. Those who avail the residency-by-investment (RBI) incentive are also allowed to maintain 100 percent ownership of their businesses in Free Zones. Over 65,000 people have successfully secured the 10-year residency permit.
The criteria for the extended visa has also been widened to include more professional categories and property investors. Apart from the 10-year Golden Visa, a 5-year Green Visa has also been introduced. This recognises skilled employees, exceptional talent, investors, freelancers and entrepreneurs.
“The UAE’s determination to achieve new success has seen countless individuals benefit from its Golden Visa program and this has led to its leading global position in the immigration sector and appeal as a top destination overall. The introduction of the Green Visa will only elevate the UAE’s stature to help the country maintain its allure through the year,” said Jeffrey Henseler, founder and managing partner of Passport Legacy, UAE HQ.
According to the analysis, as global economics continue to fluctuate and instability persists, the UAE’s display of resilience has seen the world take notice and the country’s upward trajectory is poised to hold steady.
New visa rules launch in the UAE on October 3, opening up access to the Golden Visa, job exploration visa, and other long-term visa options.
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