Dubai has established itself as a city of opportunities over the years. In fact, it has evolved into the ideal hub for individuals to thrive in with the introduction of Dubai Golden Visa. The UAE is well-known for its world-class technology and innovative methods adopted to further the economy. With the addition of this newly introduced visa, there’s no doubt that the economy is only going to develop significantly hereon. The golden visa was introduced to motivate, provide opportunities and retain “talented people and great minds” in the country. This, as a result, will drive the economy to great heights. Moreover, after its launch in 2019, over 400 investors, entrepreneurs and some of their family members have been granted a golden visa in the UAE.
2. Golden Visa in Dubai
Dubai has established itself as a city of
opportunities over the years. In fact, it has evolved
into the ideal hub for individuals to thrive in with
the introduction of Dubai Golden Visa.
The UAE is well-known for its world-class
technology and innovative methods adopted to
further the economy. With the addition of this
newly introduced visa, there’s no doubt that the
economy is only going to develop significantly
hereon.
3. What is Dubai golden visa?
The UAE has introduced long-term residency visas for certain categories
of individuals. The visas are renewable and are valid for 5 or 10 years
depending on the kind of golden visa you opt for. Furthermore, the
system allows UAE residents and foreigners to get long-term residence
visas without the need for a local sponsor. Although the visa can be
renewed, it can only be done so on a conditional basis. These categories
of individuals include investors, entrepreneurs, specialised talents and
others.
4. Who Can Obtain a Golden Visa in Dubai?
There are certain categories under which individuals can obtain
the UAE golden visa. These categories include:
1
Investor
2
Entrepreneurs
5. UAE Golden Visa Cost:
If you are eligible, the price for UAE golden
visa would be approximately AED 5,000 for
investor visa. Additionally, PRO charges will
apply to the amount. Charges and years of visa
validity may vary depending upon the type of
visa applied for.
6. Benefits of Dubai Golden Visa
Multiple entry
permits:
STEP 1
Security:
STEP 2
Extended to
dependents:
STEP 3
Affordable pricing:
STEP 4
Special services:
STEP 5
With the Dubai Golden Visa, the individual can receive the following advantages:
7. Multiple entry permits
Unlike other types of visas where individuals
are required to be physically present in the
UAE every six months, golden visa holders
are exempt from this rule.
Security
These long-term residence visas give people
the safety and assurance of being a resident in
the UAE for an extended period of time. They
also have the option to renew their visas on
conditional terms.
Extended to dependents
Acquiring a golden visa in Dubai gives the
applicants the opportunity to extend the
visas to their dependents such as spouse and
children.
Special services
The UAE has come up with an array of benefits and services to the individuals who have golden visas. One
such service is the implementation of 24×7 “You are special service” by the General Directorate of
Residency and Foreign Affairs (GDRFA) in Dubai. This service aims to assist golden visa holders among
others.
Affordable pricing
Compared to the price of obtaining a visa in
other countries, golden visas in the UAE are
highly affordable.
8. How can you be eligible to obtain
a golden visa?
Investors:
Required to make a deposit of up to AED 10 million in an investment
fund in the UAE.
Required to be an owner of a company with a minimum of AED 10
million as a capital investment, or partner with a company with a share
of up to AED 10 million.
The applicant must fulfill at least one of the below-mentioned requirements:
This visa can be extended to business partners, spouse and children as well as one
executive director and one advisor.
9. Conditions:
Investment funds made should be completely owned by the individual. Investments made through
the use of loans will not be acceptable, and adequate proof must be given.
The applicant must have retained the investment for at least 3 years.
The applicant must have insurance documents for themselves and their dependents.
The individual would have to meet at least one of the following conditions in order to
apply for a golden visa.
The visa can also be obtained by specialised talents such as scientists, specialists,
doctors, coders, and creative individuals in the field of culture and art.
10. 5-year golden visa eligibility:
The applicant must fulfill at least one of the below-mentioned requirements:
Investors:
Should have invested in a property of no less than AED 5 million.
The invested amount cannot be paid on a loan basis.
The property must be in possession for at least three years
11. Entrepreneurs:
Conditions: (applicable only to investors)
Should have an existing project of AED 500,000.
Must be approved as an accredited business incubator in the country.
The individual would have to meet at least one of the following conditions in order to apply for a golden visa.
The applicant’s existing project must be in a field certified in the UAE.
Applicant must be recognized as a founder of the project.
The applicant’s business incubator must support other enterprises and startups by
providing relevant resources and services. Additionally, the enterprise needs to have
relevant certification.
Applicant must have health insurance for themselves and their family members.
12. In order to obtain your golden visa in the UAE, you will be required to partake in the following steps:
What is the process of golden visa application in the UAE?
Apply for golden visa nomination. You will need to submit a profile of your accomplishments.
Submission of all required documents. These documents include:
1.
2.
3. Once approved, the individual will be issued the golden visa.
Passport copy
Visa copy
Emirates ID
Passport photo
Trade license
Memorandum of Association
Audit report
Auditor license and certificate
Bank statement
Title deed (AED 2 million)
Ejari
Health Insurance
13. Obtain your golden visa
now, with Shuraa
Shuraa is one of the leading business
setup companies in the UAE. For over 20
years, we have been helping
entrepreneurs form and maintain their
businesses in the country. Our expert
consultants will guide you through the
entire process from applying for your
visa, understanding all you need to know
about the visa, all the way up to gaining
approvals from the authorities.
