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Talked about on this video: uae golden visa, dubai visa, dubai freezone visa, dubai freezone firm, dubai rip-off, dubai golden visa, dubai actual property, uae actual property, transfer to dubai, dwell in dubai, find out how to transfer to dubai, dwelling in dubai, dubai uae, dubai banking.
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supply
the country is CRAP to live IN . so don't even think about it people
why you provide totally wrong and false info? aince day #1 qnyone gets golden visa the titledeed is blocked by golden cube in land department and only with proof of visa cancellation it van be sold or even mortgaged!
No this is not true! The moment you sell your property the golden visa gets cancelled- doesnt seem you have found out about this
We have the golden visa and we are planning to buy additional property to release the property we pledged
They each paid a min of 4% transfer fee.
The visa will be cancelled if you dont have 2ml investment under your name
DLD is still getting 4% of the property value after each transfer of ownership in this case, so the govt gets something out of this loophole, but I agree it does not contribute to the Dubai economy.
U cant do that bro ur visa expires as soon as u sell ur 2 million worth of investment.
The government isnt stupid
This is not possible, in order for you to transfer the title deed you need to have completed atleast 50%of the payment towards the property . This is just made up story
Could i get golden visa if i want to buy a property for over 2M AED and just live in it? I would run forex trading business there as well
2 year owner ship must be req & if fraud caught. Golden visa revoked.
Thanks for sharing and keep us up to date on this topic in future
Indians are doing this…
Smart guys indeed. I wonder what nation did that scheme first 😂
Why are you saying that the made zero investment to the uae economy?? By selling the property to each other they have to pay 4% transfer tax to Dubai land department.
You can not just change ownership for free…
they should revoke the visa if you do not have properties worth AED 2M or more for more than 6 months
Fraud shouldn't be allowed
Doesn't sound like fraud, sounds like a loophole.
Let me guess.. Pakistanis and Indians
They should try to reduce expat inflow and the real estate price growth.
Hello, which is the lowest initial % that you can pay to own a property?
I feel they should just have higher penalties for fraudulent people
It should be a 1 yr hold. Although bahama has the same rules and its not abused as far as I know.
Keep Dubai safe and clean. People living there don’t want degenerates walking around like they do in New York, London, etc.
Each of those operations that are transferring the title to the new owner pay a tax and fees for accountants and public notary. So something entered into the economy that otherwise would not have entered.
Bad actors always spoil it for the authentic actors. It's human nature, I guess.
If the law allows this than it is not illegal
Seriously? Disappointed.
I don't know how the law/rule was written, but it sounds like those 6 investors in your example violated the spirit, rather than the letter, of the law. In other words, a loophole. If it was truly illegal, I'm sure the Emaratis would have charged those that participated in the "fraud." Very simple solution, just tighten the rule and strictly enforce it. They can certainly keep the rule they had as intended, just kill the loophole. The people who are doing the 6 investor scenario are just going to ruin it for everyone else. But this seems like a very simple thing to fix on the Emarati side.
dont lett them to sell the house for at least 5 years…
Fraud should be stopped for honest people to settle in Dubai. Dubai should be corruption free…!!! Thanks
As I am concerned UAE already restricted sale of the propert for 2 years on which golden visa was applied. All they need to do is restrict any transfers, sales, etc, on the property visa applied for certain amount of years.
Get real! If you offer a heaven for cheaters then you will get a flood of them. The secret in life is finding a pace where honest people all pay their tax and then you have a very pleasant environment.
Do as they please, I don't want to be in Dubai with scammers, so whatever can help to reduce it, fine.
Punishment to this people ! Jail !
👍
Just want them to offer PR residency
Eso se arregla facil, en varios paises si vendes la propiedad en menos de 3 años pierdes la visa y si quieres volver a postular probablemente no te la den porque ya queda un mal antecedente.
Doesn't contribute anything? I'm sure they don't like their real estate and businesses going up…
What if I start a company and my dad has gifted me the money to start the company
Why not just check that the person still holds the title deed and withdraw the visa if they no longer hold it? They have all the databases to implement it
Sounds like an easy fix….
Nice video and thank you for breaking it down!! Even with the current dip, I'm still glad 😊 I can smile back at my portfolio of $66,700 made from my weekly trade within a short period
Shouldn't be allowed. All in for tightening the Golden VISA rules.
uae is a fraud country, uae should promote p0rn to earn more and grow there economy 😆.
The stricter the better! How much does it cost to get a golden visa by any chance? I worked with IFZA to open my business but now that i'm buying a property I want to look into getting a golden visa.
Once again a few assholes are ruining things for everybody, don’t change the rules, arrest those committing fraud and make them pay dearly for it
So price increase over a few con artists. I think there should be tighter rules where no one can sell their property no less than 5 years.
Is dubai bank system the best for ultra millionaires ?
No they shouldn’t apply any tax rule because UAE makes positive difference that no tax & people are very happy that no tax! NO TAX SHOULD REMAIN, BUT ABOUT GOLDEN VISA THEY CAN DO THAT PERSON SHOULD KEEP PROPERTY AT LEAST 5 YEARS & NOT SELL THAN YOU CAN KEEP GOLDEN VISA OTHERWISE GOLDEN VISA WILL BE CANCELLED!
Tighten rules. Less corruption always better. We want a clean dubai not a corrupt dubai.