Creator: JandaliPhoto | Credit: Getty Images/iStockphoto The Golden Visa was introduced by the UAE govt. to attract talent and high-net-worth people from around the world to come and settle, invest, and do business in the UAE. It allows expats to get a renewable residency visa for 5 to 10 years depending on which category they qualify for. The golden visa allows you to live, work, study, and do business in the country without the need for a local sponsor. Until now, an investor needed to have an Emirati local sponsor when setting up a business, the local sponsor would own 51 percent of the business legally even if he is not actively investing and the foreigner had only 49% of the share but with the Golden visa, this is not required anymore and one can own their business 100%. When launched, Golden Visa was only offered to high-net-worth individuals and investors, and entrepreneurs. It was then extended to talented professiona...