🔑 UAE’s Golden Visa Got More Accessible for Investors

If you’re looking to invest in Dubai’s booming real estate market and get residency privileges, the United Arab Emirates’ Golden Visa program has new incentives that make it more achievable. Here’s a quick guide:

🔟 How to get the UAE’s 10-year Golden Visa:

⏺ Property investment: Purchase a property worth at least 2 million AED (around $544,000) in Dubai’s freehold zones such as Dubai Marina, Downtown, Palm Jumeirah, etc.

⏺ Reduced down payment: When taking out a mortgage, you now only need to pay 20% of the property value as a down payment instead of 50%.

⏺ Any construction stage: The property can be ready/completed or even off-plan/under construction.

⏺ Basic requirements: Be over 18 years old, prove legal income source, have a clean criminal record, and have no socially dangerous diseases.

⏺ Family sponsorship: You can sponsor your spouse, unmarried daughters, and sons under 25 on this 10-year visa.

⏺ Application process: Get a 6-month entry permit first, then complete medical tests/biometrics in the UAE before applying. Visa will be issued in around 2 months.

2️⃣ What about a 2-year option?

⏺ Smaller investment: Purchase a ready/completed property worth at least 750,000 AED (around $204,000).

⏺ Down payment: A minimum 50% down payment is required when taking out a mortgage.

⏺ Limited sponsorship: You can only sponsor a spouse and children under 18.

With Dubai’s real estate value growing over 55% annually in 2023, investing in a property and securing a long 10-year residency visa is an increasingly attractive option for investors looking to make the UAE their home.

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✈️Portugal in 2024: Tax Appeal Despite NHR Changes

The revamped Portuguese Non-Habitual Resident (NHR) program still offers appealing 20% flat tax rates for:

📶 Scientific researchers, tech innovators, university lecturers

📶 Specialized professionals like engineers, IT experts, cultural workers

📶 Employees of certified Portuguese startups.

Beyond taxes, Portugal lures expats with:

🔎 Excellent healthcare and quality of life

🔎 Affordable living costs and mild climate

🔎 Vibrant real estate market

🔎 Over 100,000 new American/British residents in 5 years.

Even without its former “tax haven” status, Portugal continues to offer very attractive tax benefits for career professionals and retirees searching for the best that Europe has to offer.

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