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Right here is the brand new replace you NEED to know in regards to the new golden visa replace in Dubai that now permits residents to get a golden visa with solely a 20% mortgage.
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Necessary Disclaimer: This video is for informational functions solely and shouldn’t be thought-about as tax or monetary recommendation. It is important to seek the advice of with an authorized skilled for personalised steerage and to make sure your particular circumstances are taken under consideration.
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Genzone can you explain me this.
submission of a letter from Federal Tax Authority stating that the investor pays the government no less than AED 250,000 (two hundred and fifty thousand) annually
Does this means that we have to pay 250k dirhams every year annually despite paying 2m upfront for golden visa?
And when your golden visa is expired what happens to the property you owned with the 2m do you again have to invest in new property? Making it 4m now?
I mean do you have to keep adding properties worth of 2m after every 10 years?? What happens to those which you got?
Thanks.
Thats a bit tricky to tell people only about 20% but that 20% should be equivalent to 2M AED. Means your offplan property would be at least of 10M.
UAE golden visa, not Dubai
10% downpayment is enough to eligible? For example emaar asks 10% downpayment on all of their projects. It needs to be 20% at least?
With the latest update for the Golden Visa, is it still valid that the investment of 2 million dirhams can be the combined value of multiple apartments in Dubai, or does the value have to be tied to a single property?
So if someone paid 50% or 100% of the property (AED 2 million or more) do they still need to gain residency status? Or do you over ride the residency requirements if you pay it all up front or put down 50%+?
What's the interest rate for depositing 2 million?
I am 78 years old. My wife is 75 years old. We have one daughter who is 32 and live with us. We are American Citizens. We are enjoying our retirement in the City of Alanya in Turkey for the past two and half years. We own the property that we live in Turkey.
Last month we traveled to Dubai to celebrate our daughter's birthday.We spent 10 days in Dubai and we loved the country.
We are thinking about the 10 years golden visa by depositing 2 million Darham in the bank rather than buying a real estate. Our question is, what is the benefit of having of having Golden Visa.
Wow!!!
How about in fixed deposit? Is same ?
So you have to be a resident first to get the 20% benefit. I'm a looking to get a visa and residency through investment so i would still have to make a 50% 1m AED investment in a 2 m AED real estate.
What???!! That's actually AMAZING news🤯
wow! so only 20% now
👏👏 great info