The purpose of the countries behind granting Golden Visa is to promote investment. Citizens can demand a Golden Visa under the ‘Residence by Investment Program’.
UAE (symbolic photo)
Recently, Indian actor Sanjay Dutt shared a photo on Twitter, in which he informed about getting a Golden Visa from the UAE. He wrote that in the presence of Major General Mohammed Al Mari, he is very honored to have a Golden Visa. Sanjay Dutt can stay in UAE for 10 years after getting a Golden Visa. They will not have to take repeated visas to travel to the UAE.
In such a situation, the question arose in the minds of many people that what is this Golden Visa and how is it achieved? Let us know that UAE is not the only country to give Golden Visa. Apart from this, many countries like Portugal, Spain and Greece issue golden visas to certain people.
Started in 2019
Actually the golden visa of UAE is a 10-year resident permit in Dubai. Golden Visa was first introduced in 2019. Dubai’s Vice President, Prime Minister and Ruler His Highness Sheikh Mohammed bin Rashid Al Maktoum started it for investors and businessmen.
In the next year i.e. 2020, the Golden Visa was also allowed for some special people, which can include people from a particular degree, doctors, scientists and professionals. It is only after these changes in the rules that Sanjay Dutt has been given a golden visa. Apart from UAE, countries like Portugal, Greece, Spain, Malta, USA, St. Kitts and Novice, Antigua and Barbuda and Dominica also give golden visas.
How to get
The purpose of the countries behind the grant of Golden Visa is to encourage investment. Citizens can demand a Golden Visa under the ‘Residence by Investment Program’. After the application, the country examines the documents seeking the visa and after being assured, the applicant is given a Golden Visa.
There will be two types of Golden Visa
The UAE’s Golden Visa is of two types. One for 10 years and one for 5 years. The 10-year Golden Visa is only given to investors. In this, the spouse, children, an executive director and an advisor are allowed to be taken along with them. The five-year Golden Visa is offered to investors as well as entrepreneurs, talented students, people working in the fields of science and knowledge, doctors and scientists such as researchers and individuals associated with the field of art. In this also, the spouse and children are allowed to travel together.
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