UAE Opens Golden Visa Path to Investors Without Sponsorship
In a significant move to attract global talent and long-term investment, the United Arab Emirates has simplified the process for investors to obtain the coveted Golden Visa—now available without the need for a local sponsor. The announcement, made by the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), outlines a streamlined, eight-step application procedure aimed at facilitating business and economic growth.
Previously, the 10-year Golden Residency Visa often required backing by a company or government entity. Under the new system, investors and business owners can apply independently, making the UAE even more attractive to international entrepreneurs and high-net-worth individuals seeking stability, access to regional markets, and tax advantages.
Applicants must provide proof of a minimum AED 2 million investment in the country through real estate, business capital, or public projects. They are also required to submit supporting documents, such as audited financial statements and proof of income, alongside a valid passport.
The revised pathway is part of the UAE's broader efforts to diversify its economy and strengthen its position as a global business hub. By removing barriers to long-term residency, authorities hope to retain top talent, boost local investment, and encourage innovation in sectors like technology, finance, and renewable energy.
Since its inception in 2019, the Golden Visa has been a cornerstone of the UAE's residency reform strategy. Expanding eligibility and easing procedural constraints signals a deeper commitment to economic openness and global competitiveness.
Investors can initiate their application online through the ICP portal, with most approvals expected within a few weeks, pending background and security checks.
With this policy shift, the UAE reinforces its image not just as a transit economy—but as a destination for long-term investment and high-impact entrepreneurship.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
What To Expect From Owens Corning's (OC) Q2 Earnings
Building and construction materials manufacturer Owens Corning (NYSE:OC) will be reporting earnings this Wednesday morning. Here's what investors should know. Owens Corning beat analysts' revenue expectations by 0.7% last quarter, reporting revenues of $2.53 billion, up 25.4% year on year. It was a slower quarter for the company, with a significant miss of analysts' organic revenue estimates. Is Owens Corning a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Owens Corning's revenue to decline 2.8% year on year to $2.71 billion, a reversal from the 8.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.82 per share. Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing 3 upward revisions over the last 30 days (we track 10 analysts). Owens Corning has missed Wall Street's revenue estimates four times over the last two years. Looking at Owens Corning's peers in the home construction materials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Masco's revenues decreased 2% year on year, beating analysts' expectations by 2.4%, and Simpson reported revenues up 5.7%, topping estimates by 5.3%. Masco traded up 4.7% following the results while Simpson was also up 10.7%. Read our full analysis of Masco's results here and Simpson's results here. Investors in the home construction materials segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. Owens Corning is down 3.4% during the same time and is heading into earnings with an average analyst price target of $169.47 (compared to the current share price of $137.50). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
25 minutes ago
- Yahoo
Analysts Say $127.3 Trillion Liquidity Surge Could Be Rocket Fuel for Bitcoin
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Digital asset investment firm CoinShares predicts a potential surge in Bitcoin's (CRYPTO: BTC) value, suggesting a 65% increase if the cryptocurrency captures a small portion of the global liquidity and gold's market cap. What Happened: CoinShares' report posits that Bitcoin could experience a significant rally if it manages to seize just 2% of the global liquidity (global M2) and 5% of gold's market cap. The predictions are based on the total addressable market (TAM) model, a tool used to estimate the maximum market opportunity available to a product or service. In this case, the model is applied to Bitcoin, assuming it can capture the entire market. Trending: Be part of the breakthrough that could replace plastic as we know it— The report states, 'If you believe bitcoin is unlikely to compete with the cash positions of Corporate Treasuries or FX Reserves (assigning them 0%) but more likely to take a share of Global M2 (let's assume 2%) and Gold (5%), the sum of those contributions would estimate a value of $189,000/BTC.' Currently, the global liquidity (global M2) is valued at $127.3 trillion, while the total market cap of all the mined gold is $23.9 trillion. CoinShares suggests that Bitcoin is 'increasingly likely to obtain a higher share of monetary markets' as it evolves into a 'more useful form of money.' "Bitcoin does not need to replace the global monetary system to be profoundly valuable. Capturing a small share of these enormous markets would be more than enough," the report prediction comes at a time when Bitcoin and other cryptocurrencies are gaining traction as alternative investment options. The potential for Bitcoin to capture a portion of the global liquidity and gold's market cap could significantly impact its value, making it an attractive option for investors. The report's findings underscore the growing recognition of Bitcoin's potential in the financial market. At the time of writing, Bitcoin was trading at $113,352.03. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article Analysts Say $127.3 Trillion Liquidity Surge Could Be Rocket Fuel for Bitcoin originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
National Vision (EYE) Q2 Earnings: What To Expect
Optical retailer National Vision (NYSE:EYE) will be reporting earnings this Wednesday before the bell. Here's what investors should know. National Vision beat analysts' revenue expectations by 1.5% last quarter, reporting revenues of $510.3 million, up 5.7% year on year. It was a very strong quarter for the company, with full-year EPS guidance exceeding analysts' expectations and a solid beat of analysts' EBITDA estimates. Is National Vision a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting National Vision's revenue to grow 4% year on year to $469.8 million, in line with the 4.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.14 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. National Vision has missed Wall Street's revenue estimates five times over the last two years. Looking at National Vision's peers in the consumer retail segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Tractor Supply delivered year-on-year revenue growth of 4.5%, beating analysts' expectations by 0.9%, and Walgreens reported revenues up 7.2%, topping estimates by 6.4%. Tractor Supply's stock price was unchanged after the resultswhile Walgreens was up 1.2%. Read our full analysis of Tractor Supply's results here and Walgreens's results here. Investors in the consumer retail segment have had steady hands going into earnings, with share prices flat over the last month. National Vision is up 9.3% during the same time and is heading into earnings with an average analyst price target of $27 (compared to the current share price of $25.50). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
