The United Arab Emirates (UAE) has revised the minimum salary requirements for professionals seeking the coveted Golden Visa, a long-term residency program that provides significant benefits. Previously, applicants could qualify with a total compensation package of Dh30,000 per month, including allowances. However, the new rules stipulate that only the basic salary, excluding allowances, will be considered.
This significant change in eligibility criteria underscores the UAE’s intention to attract highly skilled professionals who can substantially contribute to the country’s economic growth. With the focus now on basic salary, professionals in fields like medicine, engineering, and technology are more likely to meet the threshold.
Impact on Citizenship by Investment Landscape
This development aligns with the global trend toward more selective Citizenship by Investment (CBI) programs. As countries increasingly prioritize economic contributions, the UAE’s shift towards a higher minimum salary requirement for its Golden Visa highlights its commitment to attracting top talent.
CBI programs worldwide are evolving to favor applicants with proven financial capabilities and high-value skills. The UAE’s approach exemplifies this trend, seeking to consolidate its position as a global hub for business and innovation.
UAE Golden Visa Expert Insights and Predictions
Immigration experts predict that the new salary requirement will reduce the number of eligible applicants for the Golden Visa. Nofisatu Mojidi, a senior manager at Fragomen, a leading immigration services firm, confirmed the shift and its potential impact.
The UAE’s move aims to elevate the exclusivity and prestige of the Golden Visa program. The country aims to bolster its economy and promote sustainable development by focusing on high-earning professionals.
Apex Capital Partners: Navigating the New Landscape
Firms specializing in CBI programs, like Apex Capital Partners, play a crucial role in assisting individuals navigate these changing requirements. With their expertise and in-depth knowledge of global CBI programs, they provide invaluable guidance to potential applicants, ensuring their applications comply with the latest regulations and maximize their chances of success.
