DUBAI – The United Arab Emirates (UAE) is emerging as a centre point for both tourists and investors only due to its practical policies.

Data shows 679,819 Filipinos live in the Arab country, forming 6.1% of the whole UAE population. They are engaged in various jobs in Dubai and other emirates of the country.

To attract more investors from across the world, the Gulf country has launched the 10-year Golden visa facility for Philippines nationals and others  on investment of a certain amount in banks.

What is the UAE Golden Visa?

The Golden visa is a long-term residence visa which enables foreign talents to live, work or study in the UAE while enjoying exclusive benefits. Investors, entrepreneurs, scientists, outstanding students and graduates, humanitarian pioneers and frontline heroes are among those eligible for the Golden visa.

Minimum Deposits in UAE Banks Required for Golden Visa

Those interested in obtaining the Golden visa in this category, they are required to deposit minimum 2 million Dirham in banks for a minimum period of two years.

Following the deposits, the banks issue a letter of evidence to facilitate the long-term Golden visa for residency in the UAE.

Local banks facilitate their clients to get long-term m visas upon depositing Dh2 million.