October 13, 2024
Foreigners can live, work, do business, and study anywhere in Dubai thanks to the Golden Visa, which does not need them to be sponsored by a citizen of the UAE. Additionally, UAE law permits foreign investors and company owners to own 100% of their companies there. The automatic renewal of this visa, which is valid for five or 10 years, is provided. The Golden Visa system offers long-term residence to individuals belonging to certain groups. The UAE Golden Visa has created curiosity among residents of the country since the day it was launched. A golden visa is a long-term residence visa granted to foreigners to work, study or live in the country for a maximum of 10 years. Golden visas are issued in different categories depending on the expertise of the applicant. This includes investors, entrepreneurs, and qualified professionals.
Who can apply for a Golden Visa?
There are certain characteristics that should be noted when apply for Golden Visa in Dubai:
Investors with a national investment of at least AED 10 million, either in the form of a company or investment fund, can apply for a 10-year visa. Although at least 60% of the total investment should not be real estate and the amount invested should not be borrowed, the investor must have full ownership of the property.
Also, the investor must be able to keep the investment for at least 3 years. This 10-year visa can be extended to business partners as long as each partner contributes AED 10 million. This long-term visa can also include the holder's spouse and children, as well as one decision manager and one advisor.
The rules for the five-year visa are essentially the same for investors, with the only change being the investment amount of AED 5 million. In addition to entrepreneurs, talented people can also apply for a visa. These include doctors, scientists, investors, scientists and artists.
The rules for the five-year visa are largely the same for investors, with the only change being the AED 5 million investment. In addition to entrepreneurs, talented people can apply for a visa. These include doctors, scientists, investors, scientists and artists.
Outstanding high school and university scholars can obtain a 5-year residence visa in the United Arab Emirates. Eligible are high school seniors in the top 95% or higher nationally and students at certain universities with a post-graduate GPA of 3.75 or higher.
Advantages of Golden Visa in Dubai
Golden visas in Dubai enjoy some exclusive benefits. Some of them are listed below.
A long-term visa valid for 10 years, which is also renewable.
Can stay outside the UAE for any length of time without visa cancellation.
The visa does not require a sponsor. Family members can be sponsored.
Domestic helpers can be sponsored.
Family members can stay until the visa expires, even if the visa holder dies.
Holders of Golden Visas in Abu Dhabi will be eligible for savings and promotions on goods and services such as automobiles, real estate, healthcare, hotels, health insurance, and banking.
Perks of a Dubai golden visa. Holders of Abu Dhabi golden visas will receive discounts on a selection of properties from developer Imkan Properties as part of the commercial collaborations with the Abu Dhabi Residents Office.
Platinum visa Abu Dhabi Commercial Bank and First Abu Dhabi Bank, two Dubai-benefiting banks, provide investors in real estate with lower fixed-interest mortgage rates.
Benefits of the Dubai Golden Visa include decreased yearly costs for family and individual health insurance policies with a wide range of network coverage and a slew of advantages both inside and outside the UAE.
Discounted automobile prices are given to members of Golden Visa. Additionally, they will have first dibs on future releases, exclusive payment options, maintenance discounts, and licensing services.
Dubai's Golden Visa advantages they will get exclusive deals on meals, spa services, gym memberships, and accommodations at particular Abu Dhabi hospitality locations.
The most important benefit of the visa is guaranteed by issuing a golden visa is that the UAE government has made it clear that it is committed to giving expatriates, investors and anyone who wants to make the UAE their home another reason to feel safe in their future.
Requirements and Eligibility for Golden Visa
Dubai Golden visa requirements may vary depending on the category being applied for, some of the major categories are mentioned below:
Dubai Golden Visa for Real Estate Investors: Investing in the UAE property market of 2 million to apply for a 10-years renewable residence permit.
Dubai Golden Visa for Entrepreneurs: Golden visas are available to entrepreneurs who own small and medium-sized enterprises (SMEs) registered in the United Arab Emirates with an annual revenue of at least 1 million UAE dirhams. This includes early stage investors.
Dubai Golden Visa for Exceptional Talents: The Dubai Golden Visa application is open to people who have exceptional talents in many fields such as art, culture, sports, digital technology, medicine, law and other fields.
Dubai Golden Visa for Scholars: Scholars and researchers who meet certain criteria to apply for a Dubai Golden Visa. Mentioned below are the requirements for golden visa Dubai for researchers.
Master's degree or PhD from a top international university in engineering, technology, biological or natural sciences
Recommendation of the Emirates Scientists Council.
Dubai Golden Visa for Professionals: UAE Golden Visa Requirements for Qualified Professionals are as follows:
They must have valid employment in the UAE.
Their profession must be classified as first or second level by the Ministry of Human Resources.
Monthly income must be at least 30,000 AED.
Dubai Golden Visa for Students: Students who have achieved exceptional academic achievements in either secondary schools or universities in the UAE may also be eligible for the 10-year visa or the golden visa scheme.
Dubai Golden Visa for Humanitarian Pioneers: Humanitarian pioneers, including distinguished members of recognized international and regional organizations, humanitarian recognized public benefit organizations and recognized humanitarian volunteers and supporters can now apply online for a UAE Golden Visa.
Dubai Golden Visa for Doctors and Nurses: In recognition of their efforts and sacrifices, the UAE has offered long-term residency to doctors and nurses who act as the first line of defense. Golden visas are also being considered for frontline heroes who have demonstrated exceptional commitment during crises, including the COVID-19 pandemic.
Procedure to Apply for Golden Visa in Dubai
Individuals can apply for a golden UAE visa through two channels. They are mentioned below:
Golden Visa UAE application through ICP Smart Services
Those interested in applying for a Golden Dubai Visa can apply online through the ICP Smart Service Portal. Applicants must submit the required documents and be willing to settle in the UAE.
Golden Visa UAE application through GDRFA
You can also apply for a Golden Visa through the GDRFA website. Follow these steps to apply for Dubai Golden Visa online.
Go to the GDRFA Dubai website.
Choose the Golden Visa
Fill out the visa application form.
Attach the required documents and pay the fees.
Submit your request.
For individuals applying within the UAE, the cost of a UAE Golden Visa is between Dh2,800 and Dh3,800, and for individuals applying outside the country, the cost of a Dubai Golden Visa. They will also have to pay an additional fee of Dh1,000 for medical examination and Emirates ID processing. In addition, valid health insurance is required, the price of which may change.
In conclusion, Dubai Golden Visa process is easy and can be completed online through proper channels. As long as it meets the necessary requirements of a Dubai Golden Visa, provide the required information and documents, individuals can obtain a Golden Visa and enjoy the many benefits of a long-term stay in the UAE. A UAE Golden Visa will undoubtedly give a sense of belonging to the country's huge expatriate community, many of whom have lived and worked in the UAE for most of their lives.
