Growing Popularity of UAE Golden Visa Through Bank Deposits

The demand for UAE's Golden Visa program continues to rise, with an increasing number of high-net-worth individuals (HNWIs) choosing to secure their 10-year residency through bank deposits. This trend underscores the UAE’s appeal, particularly Dubai, as a prime destination for global investors and professionals seeking long-term stability and a luxurious lifestyle.

Golden Visa via Bank Deposits: A Growing Trend

Local banks across the UAE are witnessing a steady increase in customers opting for the Golden Visa through significant bank deposits. To facilitate this process, banks require a minimum deposit of Dh2 million for a duration of at least two years. Once the deposit is made, the bank issues a letter of evidence, aiding the Golden Visa application process.

Why the Golden Visa?

The 10-year residency visa, available to various categories including entrepreneurs, professionals, and property owners, has gained immense popularity, especially in the post-pandemic era. As of May 2024, Dubai alone had issued Golden Visas to 158,000 individuals, reflecting the scheme's success in attracting global talent.

Banks Supporting the Golden Visa Initiative

UAE banks such as RAKBank, First Abu Dhabi Bank, Abu Dhabi Commercial Bank, and others, are actively promoting this visa option to their elite clients. These institutions not only offer the necessary deposit facilities but also collaborate with PRO agencies to provide discounted services for visa processing.

A Strategic Move for High-Net-Worth Individuals

For HNWIs looking to invest in the UAE and secure their long-term residency, the Golden Visa offers a unique opportunity. The combination of financial security, a high standard of living, and favorable business conditions makes the UAE an attractive destination for global investors.

iSPRO: Your Partner in Securing Long-Term Residency

At iSPRO, we understand the importance of navigating the Golden Visa process smoothly. Our expert team is here to assist you in securing the required documentation and ensuring a hassle-free experience. With our support, you can take full advantage of the opportunities that come with UAE residency.

Stay tuned for more insights and updates on how we can help you achieve your long-term residency goals in the UAE.