Everything You Need To Know About the Dubai Golden Visa

Everything You Need To Know About the Dubai Golden Visa

Certain foreign investors favor the UAE Golden Visa, which allows foreigners to live, work, study, and do business in the UAE without needing a visa guarantor. Foreign business owners and investors can also own 100% of a company in the UAE, with visas valid for 5 or 10 years and automatically renewed.

We’ve compiled a list of things you frequently need to know about the Dubai Golden Visa, including the requirements, application process, and benefits.

What does the golden visa provide?

The golden visa system essentially provides long-term residency of 5–10 years for people who belong to the following specific groups: investors, entrepreneurs, individuals with exceptional talents (such as researchers, medical professionals, and people in the fields of science and knowledge), and exceptional students.

One of the primary advantages of having a UAE Golden Visa is the assurance that the UAE government is committed to providing a secure future, particularly for investors, foreigners, and those wishing to settle in the UAE.

What are the requirements for the Golden Visa?

Visas are valid for ten years.

The 10-year visa requires investors to have at least 60% of total public investment, with a minimum value of 10 million dirhams. In the case of assets, these investments should not be loaned or used, and the investor must retain full ownership and be able to hold the investment for at least three years.

This long-term visa of ten years can be extended to include business partners if each partner contributes ten million dirhams. Long-term visa holders may also bring their spouse and children, as well as an executive director and an advisor. Individuals with special talents who fall under the category of professional talents, such as doctors, researchers, scientists, investors, and artists, are also eligible. After being recognized by their respective departments and fields, these individuals may be granted 10-year renewable visas that include their spouses and children.

Real estate investors must apply for a 5-year visa.

Unlike the 10-year visa, which requires a minimum investment of 10 million dirhams, the 5-year visa is similar to those for general investors, with a minimum investment of 5 million dirhams. Their dependents are also eligible for visas.

Entrepreneurs’ 5-Year Visa Eligibility Requirements

Entrepreneurs can obtain a 5-year residence visa in the UAE, which must be extended to existing projects with a minimum capital of AED 500,000 or projects approved by a country-recognized business incubator.

Entrepreneurs can apply for a six-month multiple-entry visa that can be extended for another six months. Spouses and children, partners, and three senior executives are all eligible for long-term visas.

Outstanding Students Must Apply for a 5-Year Visa

Outstanding secondary school and college students who rank first in the country with a base evaluation of 95% (for secondary school understudies) and a GPA of 3.75 or higher upon graduation are eligible for a 5-year residency visa in the UAE (for the understudies from specific colleges). Families of outstanding students are eligible for long-term visas.

The golden business visa

In addition to knowing about the Dubai Golden Visa, foreign nationals who wish to establish a business in the UAE may apply for perpetual residency (5 years) through the Golden Business Visa.

Apply for the UAE golden visa.

Individuals interested in applying can do so through an online platform (https://business.goldenvisa.ae/). Candidates must submit all required documents and be willing to relocate to the UAE as part of their business venture.

How much does the golden visa cost?

The fees for the 5-year and 10-year UAE Golden Visas are AED 650 and AED 1,150, respectively.

As a result, this country enjoys a competitive advantage over others. In general, the United Arab Emirates is a safe place to live and do business. It is a country that welcomes all immigrants. The UAE offers immigrants benefits, including all rights granted to other national residents.

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