“UAE’s Golden Visa Program Sees Surge in Demand Amid Restrictions on Similar Programs in Other Countries”
The UAE’s visa for Golden programme has emerged as an attractive option for high net-worth individuals from India, as some European Union countries phase out their Golden programmes or tighten real estate investment rules for citizenship seekers.
To put it simply, Greece has announced that it will increase the minimum investment required for A Golden is a special type of residency visa that is granted to foreign individuals who invest a significant amount of money in a country’s economy, typically through real estate purchases or business investments.Visa, which is a program that grants residency permits to foreign investors, starting in May 2023. The new amount required will be twice the current amount. Meanwhile, Portugal and Ireland have already ended their respective programs. for acquiring visa for Golden program.
Factors driving property investments in Dubai and the rise of Indian investors.
The UAE’s Golden Visa is a long-term residence visa that allows foreign talents to live, work, or study in the UAE while enjoying several exclusive benefits. It is offered to investors on certain conditions, such as investing only AED2 million in a real estate asset.
Many people are investing in property in Dubai because of the upcoming implementation of a 20 percent tax on overseas remittances, which is set to take effect in July. This tax will be deducted at the source, meaning that the money being sent overseas will be taxed before it is transferred. As a result, some people are choosing to invest in property in Dubai as a way to protect their money from this tax. golden program visa UAE This surge in property investments is driven by the fear that the tax will reduce the amount of money that people can send home to their families or invest in other areas. announced in this year’s budget. Experts in the industry have stated that the increasing returns on property investments in Dubai are a significant reason for the recent surge in Indian investors seeking real estate opportunities. In other words, more and more Indian investors are showing an interest in investing in the real estate market in Dubai due to the potential for higher profits or yields Gulf city. golden visa for spain .
UAE’s attractive investment options for wealthy Indians amidst European residency visa program changes.
The rise in real estate prices, especially house prices, has made European countries end or make their residency visa programmes more expensive. golden visa countries. This has made the UAE an attractive option for wealthy Indians looking to invest overseas. The recent surge in Indian investors looking for real estate investments in Dubai is expected to continue in the coming months.