The UAE is leading in attracting wealthy individuals from across the globe. By the end of 2024, around 6,700 wealthy people were expected to relocate to the UAE.
In comparison, the United States ranked second, with an estimated 3,800 people planning to acquire citizenship last year.
The Golden Residence Visa in the UAE is valid for 10 years and can be renewed after that.
The US Gold Card Visa Scheme
Recently, former US President Donald Trump introduced the Gold Card Visa Scheme. Under this program, foreigners can become US citizens by investing $5 million (around 44 crore INR).
The aim is to attract wealthy individuals to the United States. Many people worldwide aspire to become US citizens, and in India, a significant number of people also wish to move and settle there.
Over 100 Countries Offer Citizenship
Apart from the US, more than 100 countries provide second citizenship through investment. However, the UAE’s Golden Visa Scheme is the most popular.
According to data from Henley & Partners, the UAE remains the top choice for wealthy individuals looking to relocate.
By the end of 2024, around 6,700 high-net-worth individuals were expected to move there, while the US ranked second with 3,800 expected applicants.
Why Dubai’s Visa Program is Gaining Popularity
According to the India Country Head of Henley & Partners, several factors make the UAE a preferred destination.
The country has an excellent tax policy, world-class infrastructure, and a strategic location. These factors make it the top choice for wealthy individuals.
The UAE imposes no personal income tax, capital gains tax, or inheritance tax, allowing people to save a substantial portion of their income.
Dubai Offers Luxury Living with Top Medical Facilities
Gaurav Nalvade, India Country Head of RIF Trust, highlighted that moving to Dubai is not just about financial advantages.
The UAE capital provides a luxurious lifestyle along with excellent medical and educational facilities. The Golden Visa offers long-term stability for investors and their families.
Dubai is now considered one of the best places in the world for a high-quality lifestyle at an affordable cost.
Golden Visa: Renewable Every 10 Years
In the UAE, government registration and application fees range from 2,800 to 5,000 AED, with additional charges for family sponsorship.
The Golden Visa is valid for 10 years and can be renewed. However, it does not grant visa-free travel to other countries or provide UAE citizenship—it is solely a residency permit.
