65000 Golden Visas have been issued in the UAE since 2019

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UAE
  • Date: 04-Aug-2022
  • Source: Gulf Today
  • Sector: Economy
  • Country: UAE
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65000 Golden Visas have been issued in the UAE since 2019

Gulf Today, The UAE Golden Visa has now been issued to 65,000 individuals across sectors such as entrepreneurship, science, and healthcare, to name a few since its initial introduction in 2019. More than 88% of the UAE’s population is made up of expatriates who rely on valid visas to live and work in the emirate, and the country’s Residency-by-Investment program has been sought out as a means of greater stability. Multiple added benefits have now strengthened the appeal of the UAE Golden Visa, including the ability to sponsor family members and the recent announcement of a government-issued Esaad card which was previously only available to select government employees. As a result, holders of the Esaad card are granted exclusive access to offers and discounts to thousands of businesses not only in the UAE but also across 92 countries. The global Citizenship-by-Investment (CBI) market is projected to reach $100 billion by 2025, marking nearly a 5x jump of $80 billion from its current evaluation of $21.4 billion. This huge spike in favorable sentiment toward such programs came on the heels of market disruption via the COVID-19 pandemic but has stood to remain increasingly popular among rising global inflation rates and a