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UAE awards Golden Visa to renowned actor Rajnikanth; know what privilege it offers
Renowned actor Rajinikanth has been honored with the prestigious UAE Golden Visa by the Department of Culture and Tourism in the UAE. Taking to social media, the superstar expressed his gratitude towards the Abu Dhabi Government and MA Yusuff Ali, the chairman and managing director of Lulu Group, for their instrumental roles in securing this accolade.
In a widely circulated video, Rajinikanth shared, "I am deeply honored to receive the esteemed UAE Golden Visa from the Abu Dhabi government. My sincere thanks to the Abu Dhabi government, as well as to my dear friend Mr. Yusuff Ali, CMD of Lulu Group, for facilitating this visa and for their unwavering support."
During his recent visit to the UAE, Rajinikanth met with MA Yusuff Ali and other key executives of Lulu Group. The actor and the entrepreneur were even seen sharing a ride in a Rolls Royce, sparking speculation about potential collaborations between the superstar and the Lulu Group owner. Here’s all that you need to know about this prestigious visa.
What is the Golden Visa?
It’s actually a long-term residence visa that is granted to individuals from other countries to study, work, or reside in the UAE, accompanied by exclusive benefits.
Some of the key highlights about the Golden Visa are:
- The benefits encompass a six-month entry visa with multiple entries, along with a renewable residence visa valid for either 5 or 10 years, thereby eliminating the requirement for a sponsor.
- Golden visa holders have the flexibility to uphold visa validity by residing outside the UAE for over six months, as well as sponsoring family members and domestic helpers, ensuring their accommodation in the event of the primary holder's passing until the visa expiration.
- Golden Visa prerequisites differ depending on the residency category, such as investor, entrepreneur, etc.
- Public investment investors must demonstrate a deposit or capital of AED 2 million, furnish evidence of annual tax payments amounting to at least AED 250,000, and maintain full ownership of the invested capital.
- Real estate investors must possess properties valued at a minimum of 2 million dirhams or acquire property via an approved loan from designated local banks.
- Entrepreneurs must present economically innovative projects endorsed by authorities, auditors, and business incubators.
- Exceptional talents, including doctors, scientists, and inventors, must fulfill specific criteria and secure approval letters from pertinent authorities.
- Exceptional talents, such as doctors and scientists, may receive a 10-year Golden Visa upon approval from the Ministry of Health and Prevention and Emirates Council of Scientists, respectively.
- Inventors require a recommendation letter from the Ministry of Economy, while individuals excelling in culture and arts must obtain an approval letter from the Department of Culture and Arts in their respective emirate.
In a widely circulated video, Rajinikanth shared, "I am deeply honored to receive the esteemed UAE Golden Visa from the Abu Dhabi government. My sincere thanks to the Abu Dhabi government, as well as to my dear friend Mr. Yusuff Ali, CMD of Lulu Group, for facilitating this visa and for their unwavering support."
During his recent visit to the UAE, Rajinikanth met with MA Yusuff Ali and other key executives of Lulu Group. The actor and the entrepreneur were even seen sharing a ride in a Rolls Royce, sparking speculation about potential collaborations between the superstar and the Lulu Group owner. Here’s all that you need to know about this prestigious visa.
What is the Golden Visa?
It’s actually a long-term residence visa that is granted to individuals from other countries to study, work, or reside in the UAE, accompanied by exclusive benefits.
Some of the key highlights about the Golden Visa are:
- The benefits encompass a six-month entry visa with multiple entries, along with a renewable residence visa valid for either 5 or 10 years, thereby eliminating the requirement for a sponsor.
- Golden visa holders have the flexibility to uphold visa validity by residing outside the UAE for over six months, as well as sponsoring family members and domestic helpers, ensuring their accommodation in the event of the primary holder's passing until the visa expiration.
- Golden Visa prerequisites differ depending on the residency category, such as investor, entrepreneur, etc.
- Public investment investors must demonstrate a deposit or capital of AED 2 million, furnish evidence of annual tax payments amounting to at least AED 250,000, and maintain full ownership of the invested capital.
- Real estate investors must possess properties valued at a minimum of 2 million dirhams or acquire property via an approved loan from designated local banks.
- Entrepreneurs must present economically innovative projects endorsed by authorities, auditors, and business incubators.
- Exceptional talents, including doctors, scientists, and inventors, must fulfill specific criteria and secure approval letters from pertinent authorities.
- Exceptional talents, such as doctors and scientists, may receive a 10-year Golden Visa upon approval from the Ministry of Health and Prevention and Emirates Council of Scientists, respectively.
- Inventors require a recommendation letter from the Ministry of Economy, while individuals excelling in culture and arts must obtain an approval letter from the Department of Culture and Arts in their respective emirate.
Source: Times Of India
