The United Arab Emirates (UAE) is rapidly emerging as a prime destination for both tourists and investors, thanks to its practical policies.
Currently, 679,819 Filipinos live in the UAE, making up 6.1% of the country's population. These individuals are engaged in various jobs across Dubai and other emirates.
To attract more global investors, the UAE has introduced the 10-year Golden Visa for nationals of the Philippines and others, contingent on a specified investment amount in banks.
What is the UAE Golden Visa?
The Golden Visa is a long-term residence visa that allows foreign talents to live, work, or study in the UAE while enjoying exclusive benefits.Eligible groups include investors, entrepreneurs, scientists, outstanding students and graduates, humanitarian pioneers, and frontline heroes.
Minimum Deposits in UAE Banks Required for Golden Visa
For those interested in obtaining the Golden Visa, a minimum deposit of 2 million Dirhams is required in UAE banks for at least two years.Following the deposit, banks issue a letter of evidence to facilitate the long-term Golden Visa for residency in the UAE. Local banks also assist clients in obtaining these visas upon depositing the required amount.
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