New Investment Plan Eases UAE Golden Visa Access
A recent collaboration between Policybazaar.ae and HAYAH Insurance has introduced a new investment plan aimed at facilitating long-term residency in the UAE. This initiative allows residents and international investors to obtain a Golden Visa without the traditional requirement of purchasing property, making the process more accessible and straightforward.
Understanding the Golden Visa Program
The Golden Visa program in the UAE is designed to attract investors, entrepreneurs, and skilled professionals by offering them the opportunity to live, work, and invest in the country for periods of five or ten years. Historically, one of the main pathways to obtain this visa has been through a substantial property investment of at least Dh2 million. However, this requirement has proven to be a barrier for many potential applicants.
The HAYAH Golden Visa Saver Plan
The newly launched HAYAH Golden Visa Saver Plan provides an alternative route for obtaining a Golden Visa. Instead of investing in real estate, applicants can qualify by investing Dh2 million in a secure investment plan. This investment not only meets the criteria for visa eligibility but also offers additional benefits, including health coverage.
Key Features of the Plan
1. **Investment Structure**: The plan requires a minimum investment of Dh2 million, which must be held for at least two years. Investors are guaranteed a 3% annual return, even during market downturns, with an expected total value of approximately Dh2.06 million after two years.
2. **Health and Life Insurance**: Alongside the investment, participants receive comprehensive health insurance coverage of up to Dh1 million, as well as accidental death coverage of Dh2 million, which includes investment gains.
3. **Managed Application Process**: HAYAH Insurance manages all aspects of the visa application, including paperwork and government fees, ensuring a seamless experience for applicants.
4. **Flexibility**: After the two-year investment period, investors have the option to withdraw their funds or reinvest in another plan, providing financial flexibility.
Eligibility Criteria
To qualify for the HAYAH Golden Visa Saver Plan, applicants must meet the following requirements:
– Invest a minimum of Dh2 million in the Saver Plan. – Maintain the investment for a minimum of two years. – Complete standard Know Your Customer (KYC) and Anti-Money Laundering (AML) checks. – Provide valid identification and visa nomination documents.
The application process can be initiated online through Policybazaar.ae, where applicants can receive personalized assistance throughout each step.
The Role of Policybazaar.ae
Policybazaar.ae serves as a leading financial marketplace in the UAE, enabling consumers to compare and purchase various insurance and investment options from top regional providers. The platform emphasizes transparency and digital convenience, making financial decision-making easier for users.
Steps to Apply Online
1. Visit Policybazaar.ae. 2. Navigate to the Investment Plans section and complete the quotes form. 3. Submit the required details and supporting documents. 4. Once verified, eligible applicants will be nominated for long-term residency.
FAQs
What is the HAYAH Golden Visa Saver Plan?
The HAYAH Golden Visa Saver Plan is an investment opportunity that allows individuals to qualify for a UAE Golden Visa by investing Dh2 million in a secure plan, without the need for property purchase.
How long do I need to hold the investment?
Applicants must maintain their investment for a minimum of two years to qualify for the Golden Visa.
What happens if my visa application is rejected?
If a visa application is rejected due to documentation or eligibility issues, the applicant will be responsible for government fees, which typically range from Dh6,000 to Dh8,000.
Conclusion
The partnership between Policybazaar.ae and HAYAH Insurance represents a significant advancement in making long-term residency in the UAE more attainable for investors and professionals. By offering a straightforward investment route free from property ownership requirements, this initiative not only enhances accessibility but also provides essential financial and health benefits. Interested individuals are encouraged to explore this opportunity and begin the application process online.
The Golden Visa program has been a pivotal element in the UAE’s strategy to attract global talent and investment, contributing to the country’s economic diversification goals. By broadening the eligibility criteria through innovative investment options like the HAYAH Golden Visa Saver Plan, the UAE aims to enhance its appeal as a destination for expatriates and investors seeking stability and growth opportunities.
This new investment plan aligns with the UAE’s vision to foster a more inclusive environment for foreign nationals, encouraging them to contribute to the local economy. The flexibility of the investment structure, coupled with the added benefits of health coverage, positions the plan as an attractive alternative for those who may have previously found the property investment requirement prohibitive.
As the UAE continues to evolve its residency policies, initiatives like this one reflect a growing recognition of the diverse needs of potential residents. By simplifying the application process and providing financial security, the HAYAH Golden Visa Saver Plan not only supports individual aspirations but also strengthens the UAE’s status as a global hub for business and innovation.
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