“All about Golden Visa Dubai UAE”
The UAE Golden Visa was introduced in 2019 and in a very short period of time it has become a coveted document for those seeking long-term residency in Dubai. Initially, it was reserved only for those individuals who were making exceptional contributions in possessing high skills, or working in critical sectors. However, the visa process has since evolved now. As of 2023, eligibility criteria have broadened by making it more accessible to a wider range of applicants. Now, obtaining a UAE Golden Visa is within reach for many, offering a pathway to establish residence in the vibrant city of Dubai without the need for a traditional sponsor.
What is Golden Visa Dubai?
The Golden Visa program in the UAE offers long-term residency visas, lasting up to 10 years, to foreign talents, investors, entrepreneurs, exceptional individuals in various fields, and outstanding students. This initiative aims to attract foreign investment and expertise to the UAE, with the benefits including access to education, healthcare, and the ability to sponsor family members, the Golden Visa provides security and stability for those wishing to live and work in the UAE, with renewal options available.
Who is eligible for the Gold Visa?
To be eligible for the Golden Visa, applicants must fall into specific categories:
Scientists, Ph.D. holders, and data experts
Chief executives
Medical doctors
Exceptional students (with their families eligible to apply)
University graduates with a GPA of 3.8 or higher
Investors
Real estate investors
Entrepreneurs
UAE-based physicians
Engineers (computer science,programming,electricity, electronics, and biotechnology)
Benefits for Gold Visa Holders
Long-term residency in the UAE (5 or 10 years)
Security about future in the country
Live, work, and study in the UAE
100% ownership of businesses in the UAE’s mainland
No need for a national sponsor
Ability to obtain a driving license in Dubai without training if already licensed in home country
Entry visa for six months with multiple entries followed by residency permits
Renewable residence visa valid for 10 years
Self-sponsored visa
Ability to stay outside the UAE without visa nullification
Sponsorship of family members, including spouses and children, regardless of age
Sponsorship of parents for 10-year residency without additional deposits
Sponsorship of an unlimited number of domestic helpers
Family members are allowed to stay until the end of permit duration if the primary holder passes away.
Holders can work, access healthcare, and enroll in education programs. They’re eligible for a driver’s license and can renew existing ones locally.
Dubai’s tax system is highly favorable, with no taxes on income, capital gains, inherited gifts, or local real estate. Corporate taxes are minimal, with exemptions up to a certain profit threshold. Banking services, including mortgages, are accessible.
Moreover, visa holders receive complimentary Esaad cards, unlocking discounts and rewards across shopping centers, hospitals, and more.
Amount required for Golden Visa UAE
All Golden Visas, excluding those for property investors or public sector applicants, carry a standard processing fee of 2,800 AED, set by the government.
When applying for a Golden Visa UAE, your application undergoes scrutiny across various departments, a process lasting from 72 hours to 30 days.
In the event of rejection, 60% (1,680 AED) of the fee is refunded.
Additionally, applicants must cover costs for a medical check and Emirates ID, totaling approximately 1,000 AED.
Health insurance is also mandatory, with prices varying based on individual health needs, starting at around 800 AED for basic coverage.
Requirements to get a UAE Golden Visa
Following are the requirements for all, who have an intention to get the visa:
For those investing in real estate, the property’s gross value must be at least 5M AED, and the invested funds cannot be obtained through loans.
Additionally, the property must be maintained for a minimum of 3 years to qualify for a 5-year UAE Golden Visa.
Alternatively, investing in the public sector of the UAE requires a minimum investment of 10M AED.
This investment can be made in a UAE investment fund or real estate, with the caution that real estate investments cannot exceed 40% of the total.
Establishing a company with a capital of at least 10 M AED or becoming a partner in a new or existing company with a share value not less than 10M AED also qualifies for a 10-year UAE Golden Visa.
For more detailed information you can visit their official website:
https://u.ae/en/information-and-services/visa-and-emirates-id/residence-visas/golden-visa
Steps to obtaining the Golden Visa Dubai
Acquiring the UAE Golden Visa involves a straightforward process, but preparation is key, so it is important to ensure that all required documents are in order before applying.
Follow these steps to make a hassle free process:
Apply for nomination.
Await the UAE Authorities’ review within 30 days.
Receive an email notification regarding your application status.
Upon approval, you’ll be directed via email to upload necessary documents.
The Federal Authority for Identity and Citizenship will verify your application.
Subsequently, the UAE Golden Visa will be issued.
One Touch Golden Visa service
The ‘One Touch’ Golden Visa service streamlines the application and renewal process for a Golden residence visa, minimizing time and effort for applicants. This comprehensive service guides applicants through visa applications, issuance of additional visas, status regularization, and renewal of residency and identity documents in a single step. Access the service conveniently through the ICP website or the ICP App, downloadable from Google Play and the App Store.
Required documents for Golden visa Dubai
Following are the required documents to obtain a Golden Visa in Dubai, the UAE:
Passport
Birth Certificate
Availability of an e-Certificate of Title / Title deed
A biometric photo
UAE ID (if a person possess)
A copy of the current residence permit (if a person possess)
Marriage certificate (if any)
No-Criminal record certificate from the country of citizenship
Good Conduct Certificate addressed to the Dubai Land Department
Health Insurance
Medical fitness certificate
Letter of submission from Federal Tax Authority
Provision letter from concerned authority (if needed)
Conclusion
In conclusion, the Golden Visa program in Dubai offers a compelling opportunity for individuals seeking residency in the UAE. With its streamlined application process, diverse benefits, and attractive lifestyle, it presents a promising pathway for investors, entrepreneurs, and professionals alike. However, as with any immigration program, thorough research and consideration of one’s personal circumstances are essential before making such a significant decision.
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