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“Golden Visa”
5Y or 10Y for the
United Arab Emirates
April 2021
Introducing MCI CLT
• MCI CLT is an international
Law, Tax, Compliance & Management Corporation,
established as Intelligent Corporate Service Provider
(Counselling, Treasury, Banking & Finance, CFO),
Asset Manager, Custodian and Facilitator.
• Our focus is on Intelligent Corporate Services,
Custody, Assets & Holdings Management tailored
to our Client’s individual Taxation and Legislation
Requirements and Matters.
• Over the last 17 years, MCI CLT had the chance to be for
many businesses, entrepreneurs and investors from
Europe, Asia and the US a Trusted & Sustainable Partner
for their Invest Migration and Relocation to Dubai.
UAE Golden Visa – Background
• UAE’s Federal Authority for Identity and
Citizenship (ICA) launched in 2019
its unique Golden Visa Program:
• Offering certain Categories of Individuals and
their families a Long-Term Residency Title in
the Country for either five or ten years
• Without the need of a national “Sponsor”,
or a national Employment, or a “sponsored”
Company, depending from the category
• Intention is to attract more Investors,
Entrepreneurs, specialized Talents and
Researchers in various disciplines and
bright Students with promising scientific
capabilities
• Legislation Base:
UAE Cabinet Resolution (CR) 2018.056
• At 01.04.2021, ICA extended the related Entry
Permit to a Period of 6 Months, which can be
extended one-time by another 6 months
• Entry Permit is issued as Multiple-Entry for
Investors, Entrepreneurs & outstanding Students
• Talented Individuals get the Entry Permit
issued as Single-Entry
• The Golden Visa will be renewed automatically
(if eligibility is given), which gives it a real long-
term perspective
EIDA – Advantages
• Most important element of a Dubai Residency
is the Emirates Resident ID Card (EIDA)
• EIDA benefits are the eligibilities to obtain for
• Housing: Legal closing of your own
tenancy contract plus registration
• Utilities: Electricity, gas, water, sewage contract
• Medical: Ambulant and hospital treatment
• Schooling: Enrolling your children
in private & public schools
• Banking: Current Bank Accounts / Credit Cards
• Telecommunications: Post-paid mobile
(without limited lifetime), Internet lines
• Vehicles: Renting or buying
• Government Services of all kind
General Eligibility Categories
1. Investors
in Public Investments or Real Estate
2. Entrepreneurs
as Founder or Owner of a Project
3. Specialized Talents
like Doctors and Scientists
4. Creative Specialists
in Culture & Art
5. Inventors
with Patent Base or Outlook
6. Specialists
in Scientific Fields with Priorities
7. Athletes
8. Holders of Ph.D.
9. Engineering & Science Specialists
Epidemiology/Viruses, Artificial Intelligence,
Big Data, Computer/Electronics/Programming
Engineering, Electrical, Genetics, Biotechnology
10. Outstanding Students
University and High School (!)
Investors: 10 Year Visa Eligibility
• Investor in Public Investments
• At least 10.0 Million AED (2.725 Million USD)
• Deposit in an Investment Fund inside UAE
• Company Establishment with Capital > 10M AED
• Partner in an existing or new Company with Shares > 10M AED
• Total Investment in all mentioned Areas > 10M AED,
but Investment apart from Real Estate must be > 60%
• Invested Amount must not be loaned
• Retention of Investment > 3 Years
• The 10 Year Residency can include Spouse, Children,
one Executive Director (!) and one Advisor (!)
Talents: 10 Year Visa Eligibility I
• Scientist
• Accredited by Emirates Scientists Council or
Holder of Mohammed Bin Rashid Medal for Scientific Excellence
• Creative in Culture & Arts
• Accredited by Ministry of Culture and Knowledge Development
• Inventor
• Must obtain a Patent of Value, to be approved by Ministry of Economy
• Exceptional Talent
• Documented by Patents or Scientific Research published in a world-class Journal
• The 10 Year Residency can include Spouse and Children
Talents: 10 Year Visa Eligibility II
• Executive Director
• Must be owner of a leading and internationally recognized Company or
Holder of a High Academic Achievement / Position
• Doctor and Specialist must meet > 2 of the following Conditions
• Ph.D. from one of the Top 500 Universities in the World or
• Ph.D. plus > 10 Years professional Experience in his Field of Work
• Award or Certificates of Appreciation in his Field of Work
• Contribute to a major Scientific Research in his Field of Work
• Published Articles or Books in Distinguished Publications in his Field of Work
• Membership in a Field-Related Organization
• Specialization in UAE’s Areas of Priority
• The 10 Year Residency can include Spouse and Children
Investors: 5 Year Visa Eligibility
• Investor in a Property in the UAE
• Gross Value at least 5.0 Million AED (1.363 Million USD)
• Invested Amount must not be loaned
• Retention of the Property Investment > 3 Years
• The 5 Year Residency can include Spouse and Children
Entrepreneurs: 5 Year Visa Eligibility
• Existing Project or Incubation
• Existing Project with
a Minimum Capital of 500,000 AED (136,500 USD) or
• Project accredited in a Business Incubator in the UAE
• The 5 Year Residency can include Spouse, Children,
one Partner (!) and three Executives (!)
Students: 5 Year Visa Eligibility
• Outstanding Student
• Minimum Grade of 95% in public or private Secondary Schools or
• University Students with GPA > 3.8 upon Graduation,
within and outside the UAE
• The 5 Year Residency can include the Family Members
of the Outstanding Student
The Procedure
• The Visa Application can be started
• Online directly with the ICA
• Via the ‘ICA UAE’ App (Apple & Android)
• In any Tasheel Typing Centre
• In any ICA Customer Happiness Centre
• In the UAE’s Embassies and Consulates abroad
• Step 1 is the Entry Permit Application,
deciding about Applicant’s Eligibility
• All steps after receiving the Entry Permit
depend on Applicant’s Category
• Rough “Paperwork Checklists” for
each Category in the following
• For applicants on the Golden Entrepreneur Visa,
ICA launched the Business Golden Visa Platform,
which includes also the Nomination for an
Incubator
• MCI CLT can assist you in a first step with an
Eligibility Check and thereafter with the Obtaining
of all required Certificates and Documents
• Visa Application and Follow-up Submissions
can be handled or assisted by MCI CLT as well
• Additional Services of MCI CLT can be:
• Housing selection
• Search for co-working / virtual workspace
• School evaluation
• All typical relocation advice activities, etc. etc.
Document Submission I
• Investor in Public Investments (10 Years)
• Deposit Confirmation from an Investment
Fund, approved in the UAE, or
• Valid Commercial / Industrial License with
Company’s Memorandum of Association, or
• Confirmation from Federal Tax Authority
about payments > 250K AED p.a.
in case of single ownership, or
• Confirmation from Federal Tax Authority
about his share in payments > 250K AED
p.a. in case of partnership
• Investor in Real Estate (5 Years)
• Confirmation from one or more
Real Estate Registration Departments
in the relevant Emirate/s
• Stating the Ownership of one
or more Property/ies
• Stating that none of the properties
are subject to a loan (mortgaged)
• Proof of Housing in the UAE,
Home Ownership or Tenancy Contract
with Municipality Registration
Document Submission II
• Entrepreneur (5 Years)
• Auditor Letter stating a Project Value
of > 500K AED, if Project Owner
• Approval Letter from the concerned
Authority that the Project is of Technical or
Future Nature in which Leadership is
achieved, if Project Owner
• Approval Letter from an accredited
Business Incubator in the UAE to establish
the proposed Project, if Project Founder
• Proof of Housing in the UAE,
Home Ownership or Tenancy Contract
with Municipality Registration
• Doctor & Scientist (10 Years)
• Approval Letter from
Ministry of Health, if Doctor
• Recommendation Letter from the
Emirates Council of Scientists or
Confirmation Letter from Secretariat of
Sheikh Mohammed Bin Rashid Al Maktoum
Award for Academic Excellence
for being a Medal Scholar, if Scientist
• Plus, all Proofs mentioned in
the Eligibility Criteria
• Proof of Housing in the UAE
is not required, but useful
Document Submission III
• Creative Culture & Arts (10 Years)
• Approval Letter from the concerned
Department of Culture & Arts
• Proof of Housing in the UAE
is not required, but useful
• Executive Director (10 Years)
• Certified University Degree
• Experience Proof > 5 Years
• Salary Proof > 30K AED per month
• Valid Employment Contract
• Proof of Housing in the UAE
is not required, but useful
• Science Specialist (10 Years)
• Under consideration of Scientific Fields
of Priority: Specialized Certificate in a rare
Field which is specified by the Authorities
in the UAE
• Plus, all Proofs mentioned in
the Eligibility Criteria
• Proof of Housing in the UAE
is not required, but useful
• Athlete (10 Years)
• Recommendation Letter from General
Sports Authority or a UAE Sports Council
Document Submission IV
• Holder of Ph.D. (10 Years)
• Certified Copy of Ph.D. from Ministry of
Education in a Priority Discipline
• Plus, all Proofs mentioned in
the Eligibility Criteria
• Proof of Housing in the UAE
is not required, but useful
• Outstanding Student (5 Years)
• Recommendation Letter from Ministry of
Education, for School Students
• Recommendation Letter from University,
stating GPA > 3.8, for University Students
• Specialist Eng. / Science (10 Years)
• Certified University Degree
• Valid Employment Contract in the
mentioned Specialization
• Plus, all Proofs mentioned in
the Eligibility Criteria
• Proof of Housing in the UAE
is not required, but useful
The Cost
• The Fee for the Entry Permit is
US$ 320 | € 270 | GBP 230 | CHF 300 | CNY 2,100 | AED 1,150
• Health Test & Emirates ID Card (10 years) will cost approx. (depending on selected processing service)
US$ 550 | € 470 | GBP 400 | CHF 515 | CNY 3,600 | AED 2,000
• Plus, an approved Health Insurance, starting approx. at annually (depending on the selected coverage)
US$ 268 | € 225 | GBP 193 | CHF 248 | CNY 1,740 | AED 980
• For each dependent, the similar Total Cost to be calculated (insurance may be optimized as family plan)
The Golden Visa causes no further Visa or Government Fees!
MCI CLT:
Where
to find us
MCI CLT (Asia) Limited
恆信法律稅務顧問(亞洲)有限公司
1/F CMA Building ● 64-66 Connaught Road
Central ● Hong Kong ● Hong Kong S.A.R.
Phone: +852 3652 7648 ● Fax: +852 3583 4834
E-Mail: hk@mciclt.asia ● Web: www.mciclt.com
MCI CLT (China) RO
R 25E, 25/F ● SangDa Ya Yuan
HuaFa North Road ● Futian Technology District
518031 Shenzhen ● Guangdong ● P.R.C.
Phone: +86 755 8252 2443 ● Fax: +852 3583 4834
E-Mail: sz@mciclt.asia ● Web: www.mciclt.com
MCI CLT (Vietnam) RO
Số 6, Ngõ 127/38/14 ● Hào Nam
Ô Chợ Dừa ● Đống Đa ● Hà Nội ● Việt Nam
Phone: +84 86 522 91 50 ● Fax: +852 3583 4834
E-Mail: han@mciclt.asia ● Web: www.mciclt.com
MCI CLT (ME) DWC-LLC
‫ش‬ ‫ﺳﻲ‬ ‫دﺑﻠﯾو‬ ‫دي‬ ‫اﻷوﺳط‬ ‫اﻟﺷرق‬ ‫ﺗﻲ‬ ‫أل‬ ‫ﺳﻲ‬ ‫آي‬ ‫ﺳﻲ‬ ‫أم‬ ‫ﺷرﻛﺔ‬
.
‫ذ‬
.
‫م‬
.
‫م‬
1/F Dubai World Central Headquarters
P.O. Box 712570 ● Dubai South, Dubai ● U.A.E.
Phone: +971 4 557 13 73 ● Fax: +971 4 432 84 48
E-Mail: dxb@mciclt.me ● Web: www.mciclt.com
MCI CLT (Europe) Br.
Weinbergsweg 3
D-29456 Hitzacker (Elbe) ● Germany
Phone: +49 5862 309 79 23 ● Fax: +49 5862 309 79 24
E-Mail: de@mciclt.eu ● Web: www.mciclt.com
MCI CLT (Netherlands) RO
WTC World Trade Center ● Prinses Margrietplantsoen 33
2595AM The Hague ● Netherlands
Phone: +49.173 367 35 57 ● Fax: +49 5862 309 79 24
E-Mail: nl@mciclt.eu ● Web: www.mciclt.com

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MCI CLT Golden Visa UAE English (2021.04)

  • 1. “Golden Visa” 5Y or 10Y for the United Arab Emirates April 2021
  • 2. Introducing MCI CLT • MCI CLT is an international Law, Tax, Compliance & Management Corporation, established as Intelligent Corporate Service Provider (Counselling, Treasury, Banking & Finance, CFO), Asset Manager, Custodian and Facilitator. • Our focus is on Intelligent Corporate Services, Custody, Assets & Holdings Management tailored to our Client’s individual Taxation and Legislation Requirements and Matters. • Over the last 17 years, MCI CLT had the chance to be for many businesses, entrepreneurs and investors from Europe, Asia and the US a Trusted & Sustainable Partner for their Invest Migration and Relocation to Dubai.
  • 3. UAE Golden Visa – Background • UAE’s Federal Authority for Identity and Citizenship (ICA) launched in 2019 its unique Golden Visa Program: • Offering certain Categories of Individuals and their families a Long-Term Residency Title in the Country for either five or ten years • Without the need of a national “Sponsor”, or a national Employment, or a “sponsored” Company, depending from the category • Intention is to attract more Investors, Entrepreneurs, specialized Talents and Researchers in various disciplines and bright Students with promising scientific capabilities • Legislation Base: UAE Cabinet Resolution (CR) 2018.056 • At 01.04.2021, ICA extended the related Entry Permit to a Period of 6 Months, which can be extended one-time by another 6 months • Entry Permit is issued as Multiple-Entry for Investors, Entrepreneurs & outstanding Students • Talented Individuals get the Entry Permit issued as Single-Entry • The Golden Visa will be renewed automatically (if eligibility is given), which gives it a real long- term perspective
  • 4. EIDA – Advantages • Most important element of a Dubai Residency is the Emirates Resident ID Card (EIDA) • EIDA benefits are the eligibilities to obtain for • Housing: Legal closing of your own tenancy contract plus registration • Utilities: Electricity, gas, water, sewage contract • Medical: Ambulant and hospital treatment • Schooling: Enrolling your children in private & public schools • Banking: Current Bank Accounts / Credit Cards • Telecommunications: Post-paid mobile (without limited lifetime), Internet lines • Vehicles: Renting or buying • Government Services of all kind
  • 5. General Eligibility Categories 1. Investors in Public Investments or Real Estate 2. Entrepreneurs as Founder or Owner of a Project 3. Specialized Talents like Doctors and Scientists 4. Creative Specialists in Culture & Art 5. Inventors with Patent Base or Outlook 6. Specialists in Scientific Fields with Priorities 7. Athletes 8. Holders of Ph.D. 9. Engineering & Science Specialists Epidemiology/Viruses, Artificial Intelligence, Big Data, Computer/Electronics/Programming Engineering, Electrical, Genetics, Biotechnology 10. Outstanding Students University and High School (!)
  • 6. Investors: 10 Year Visa Eligibility • Investor in Public Investments • At least 10.0 Million AED (2.725 Million USD) • Deposit in an Investment Fund inside UAE • Company Establishment with Capital > 10M AED • Partner in an existing or new Company with Shares > 10M AED • Total Investment in all mentioned Areas > 10M AED, but Investment apart from Real Estate must be > 60% • Invested Amount must not be loaned • Retention of Investment > 3 Years • The 10 Year Residency can include Spouse, Children, one Executive Director (!) and one Advisor (!)
  • 7. Talents: 10 Year Visa Eligibility I • Scientist • Accredited by Emirates Scientists Council or Holder of Mohammed Bin Rashid Medal for Scientific Excellence • Creative in Culture & Arts • Accredited by Ministry of Culture and Knowledge Development • Inventor • Must obtain a Patent of Value, to be approved by Ministry of Economy • Exceptional Talent • Documented by Patents or Scientific Research published in a world-class Journal • The 10 Year Residency can include Spouse and Children
  • 8. Talents: 10 Year Visa Eligibility II • Executive Director • Must be owner of a leading and internationally recognized Company or Holder of a High Academic Achievement / Position • Doctor and Specialist must meet > 2 of the following Conditions • Ph.D. from one of the Top 500 Universities in the World or • Ph.D. plus > 10 Years professional Experience in his Field of Work • Award or Certificates of Appreciation in his Field of Work • Contribute to a major Scientific Research in his Field of Work • Published Articles or Books in Distinguished Publications in his Field of Work • Membership in a Field-Related Organization • Specialization in UAE’s Areas of Priority • The 10 Year Residency can include Spouse and Children
  • 9. Investors: 5 Year Visa Eligibility • Investor in a Property in the UAE • Gross Value at least 5.0 Million AED (1.363 Million USD) • Invested Amount must not be loaned • Retention of the Property Investment > 3 Years • The 5 Year Residency can include Spouse and Children
  • 10. Entrepreneurs: 5 Year Visa Eligibility • Existing Project or Incubation • Existing Project with a Minimum Capital of 500,000 AED (136,500 USD) or • Project accredited in a Business Incubator in the UAE • The 5 Year Residency can include Spouse, Children, one Partner (!) and three Executives (!)
  • 11. Students: 5 Year Visa Eligibility • Outstanding Student • Minimum Grade of 95% in public or private Secondary Schools or • University Students with GPA > 3.8 upon Graduation, within and outside the UAE • The 5 Year Residency can include the Family Members of the Outstanding Student
  • 12. The Procedure • The Visa Application can be started • Online directly with the ICA • Via the ‘ICA UAE’ App (Apple & Android) • In any Tasheel Typing Centre • In any ICA Customer Happiness Centre • In the UAE’s Embassies and Consulates abroad • Step 1 is the Entry Permit Application, deciding about Applicant’s Eligibility • All steps after receiving the Entry Permit depend on Applicant’s Category • Rough “Paperwork Checklists” for each Category in the following • For applicants on the Golden Entrepreneur Visa, ICA launched the Business Golden Visa Platform, which includes also the Nomination for an Incubator • MCI CLT can assist you in a first step with an Eligibility Check and thereafter with the Obtaining of all required Certificates and Documents • Visa Application and Follow-up Submissions can be handled or assisted by MCI CLT as well • Additional Services of MCI CLT can be: • Housing selection • Search for co-working / virtual workspace • School evaluation • All typical relocation advice activities, etc. etc.
  • 13. Document Submission I • Investor in Public Investments (10 Years) • Deposit Confirmation from an Investment Fund, approved in the UAE, or • Valid Commercial / Industrial License with Company’s Memorandum of Association, or • Confirmation from Federal Tax Authority about payments > 250K AED p.a. in case of single ownership, or • Confirmation from Federal Tax Authority about his share in payments > 250K AED p.a. in case of partnership • Investor in Real Estate (5 Years) • Confirmation from one or more Real Estate Registration Departments in the relevant Emirate/s • Stating the Ownership of one or more Property/ies • Stating that none of the properties are subject to a loan (mortgaged) • Proof of Housing in the UAE, Home Ownership or Tenancy Contract with Municipality Registration
  • 14. Document Submission II • Entrepreneur (5 Years) • Auditor Letter stating a Project Value of > 500K AED, if Project Owner • Approval Letter from the concerned Authority that the Project is of Technical or Future Nature in which Leadership is achieved, if Project Owner • Approval Letter from an accredited Business Incubator in the UAE to establish the proposed Project, if Project Founder • Proof of Housing in the UAE, Home Ownership or Tenancy Contract with Municipality Registration • Doctor & Scientist (10 Years) • Approval Letter from Ministry of Health, if Doctor • Recommendation Letter from the Emirates Council of Scientists or Confirmation Letter from Secretariat of Sheikh Mohammed Bin Rashid Al Maktoum Award for Academic Excellence for being a Medal Scholar, if Scientist • Plus, all Proofs mentioned in the Eligibility Criteria • Proof of Housing in the UAE is not required, but useful
  • 15. Document Submission III • Creative Culture & Arts (10 Years) • Approval Letter from the concerned Department of Culture & Arts • Proof of Housing in the UAE is not required, but useful • Executive Director (10 Years) • Certified University Degree • Experience Proof > 5 Years • Salary Proof > 30K AED per month • Valid Employment Contract • Proof of Housing in the UAE is not required, but useful • Science Specialist (10 Years) • Under consideration of Scientific Fields of Priority: Specialized Certificate in a rare Field which is specified by the Authorities in the UAE • Plus, all Proofs mentioned in the Eligibility Criteria • Proof of Housing in the UAE is not required, but useful • Athlete (10 Years) • Recommendation Letter from General Sports Authority or a UAE Sports Council
  • 16. Document Submission IV • Holder of Ph.D. (10 Years) • Certified Copy of Ph.D. from Ministry of Education in a Priority Discipline • Plus, all Proofs mentioned in the Eligibility Criteria • Proof of Housing in the UAE is not required, but useful • Outstanding Student (5 Years) • Recommendation Letter from Ministry of Education, for School Students • Recommendation Letter from University, stating GPA > 3.8, for University Students • Specialist Eng. / Science (10 Years) • Certified University Degree • Valid Employment Contract in the mentioned Specialization • Plus, all Proofs mentioned in the Eligibility Criteria • Proof of Housing in the UAE is not required, but useful
  • 17. The Cost • The Fee for the Entry Permit is US$ 320 | € 270 | GBP 230 | CHF 300 | CNY 2,100 | AED 1,150 • Health Test & Emirates ID Card (10 years) will cost approx. (depending on selected processing service) US$ 550 | € 470 | GBP 400 | CHF 515 | CNY 3,600 | AED 2,000 • Plus, an approved Health Insurance, starting approx. at annually (depending on the selected coverage) US$ 268 | € 225 | GBP 193 | CHF 248 | CNY 1,740 | AED 980 • For each dependent, the similar Total Cost to be calculated (insurance may be optimized as family plan) The Golden Visa causes no further Visa or Government Fees!
  • 18. MCI CLT: Where to find us MCI CLT (Asia) Limited 恆信法律稅務顧問(亞洲)有限公司 1/F CMA Building ● 64-66 Connaught Road Central ● Hong Kong ● Hong Kong S.A.R. Phone: +852 3652 7648 ● Fax: +852 3583 4834 E-Mail: hk@mciclt.asia ● Web: www.mciclt.com MCI CLT (China) RO R 25E, 25/F ● SangDa Ya Yuan HuaFa North Road ● Futian Technology District 518031 Shenzhen ● Guangdong ● P.R.C. Phone: +86 755 8252 2443 ● Fax: +852 3583 4834 E-Mail: sz@mciclt.asia ● Web: www.mciclt.com MCI CLT (Vietnam) RO Số 6, Ngõ 127/38/14 ● Hào Nam Ô Chợ Dừa ● Đống Đa ● Hà Nội ● Việt Nam Phone: +84 86 522 91 50 ● Fax: +852 3583 4834 E-Mail: han@mciclt.asia ● Web: www.mciclt.com MCI CLT (ME) DWC-LLC ‫ش‬ ‫ﺳﻲ‬ ‫دﺑﻠﯾو‬ ‫دي‬ ‫اﻷوﺳط‬ ‫اﻟﺷرق‬ ‫ﺗﻲ‬ ‫أل‬ ‫ﺳﻲ‬ ‫آي‬ ‫ﺳﻲ‬ ‫أم‬ ‫ﺷرﻛﺔ‬ . ‫ذ‬ . ‫م‬ . ‫م‬ 1/F Dubai World Central Headquarters P.O. Box 712570 ● Dubai South, Dubai ● U.A.E. Phone: +971 4 557 13 73 ● Fax: +971 4 432 84 48 E-Mail: dxb@mciclt.me ● Web: www.mciclt.com MCI CLT (Europe) Br. Weinbergsweg 3 D-29456 Hitzacker (Elbe) ● Germany Phone: +49 5862 309 79 23 ● Fax: +49 5862 309 79 24 E-Mail: de@mciclt.eu ● Web: www.mciclt.com MCI CLT (Netherlands) RO WTC World Trade Center ● Prinses Margrietplantsoen 33 2595AM The Hague ● Netherlands Phone: +49.173 367 35 57 ● Fax: +49 5862 309 79 24 E-Mail: nl@mciclt.eu ● Web: www.mciclt.com