How To Get Golden Visa In Dubai Guide To Follow 2024
Over the years the city of Dubai (and all the UAE) has become an ideal place to live: work opportunities, foreign investment, and a perfect location for tourism. Moreover, with the introduction of the Dubai Golden Visa and other programs adopted by the government; without doubt, Dubai is a top place to live in. The UAE government has adopted advanced technology and innovative methods to push the economy forward. There is no doubt, that Dubai will keep developing economically in the years to come. In this article, you will learn the process of obtaining a Dubai Golden Visa and why it is so important. In addition, make sure to understand the advantages and eligibility for this type of visa. On the other hand, here you will understand the procedure step by step, and we will make sure that you get one for yourself or your family. Let’s observe: 1. What is a Golden Visa in Dubai? The UAE government introduced the Dubai Golden Visa to motivate, provide opportunities to “talented people and great minds”. Therefore, they introduced this long-term residency visas for certain categories of persons. Depending on the golden visa service you select, you can renew them and are valid for 5 to 10 years. However, this process will allow all individuals who apply for this type of visa long-term residence without needing a local sponsor. This visa can be renewed, but only on a conditional basis. be done so on a conditional basis. The main goal with this visa is to inspire, provide opportunities and retain highly skilled individuals in the country. After its launch in 2019, 400 investors, entrepreneurs, and their family members have been given a golden visa. Consequently, this measure will boost the economy’s growth. 2. How can you get a Golden Visa in Dubai? Researchers in the fields of science and knowledge, bright students with scientific abilities can apply for this visa. In addition, individuals with specific talents, entrepreneurs, and investors can also apply for the process. However, on some occasions, individuals get nominated for golden visas by senior Emiratis or government bodies. Above all, the applicant can process the Dubai Golden Visa online. If an individual gets awarded a golden visa, their spouse or family can also apply. Read More About: Get to know about an offshore company setup in dubai 3. Who is eligible for a golden visa in Dubai? Certain individuals can obtain the Dubai Golden Visa. These categories include: Entrepreneurs Investors 4. Advantages of a UAE Golden Visa Multiple entries: unlike other types of visas, the individual is not required to be physically in the UAE every six months, that is to say, golden visas grant the applicant multiple entries within 5- or 10- years, depending on your Dubai Golden visa. Security: this visa grants the holder the assurance and safety of being a resident for an extended period of time (from 5 to 10 years). Similarly, this type of visa is renewable. Extended to relatives: this visa grants the applicants the chance to extend the visa to their relatives, for instance, spouses and children. Affordable: in comparison to the price of visas in other countries, the Dubai Golden Visa is really affordable. Special services: The UAE grants a lot of benefits and services to the holders of this visa, for example, the “You are special service” by the General Directorate of Residency and Foreign Affairs (GDRFA) in Dubai. This service will allow the proper assistance of golden visa holders. 5. What are the requirements to obtain a Golden Visa? 10-year golden visa: Individuals must meet at least on the requirements mentioned below: Investors: A 10 million AED deposit in an investment fund in the UAE. Owner of an organization with 10 million AED minimum as capital investment, or partnered with a company with a share of 10 million AED minimum. In addition, spouses, children, and business partners can obtain an extension of this type of visa, as well as one advisor and an executive director. Conditions: Applicants must meet at least one of the following requirements to apply for a Dubai Golden Visa. The applicant must completely own all the invested funds. In addition, investments made through the use of loans are not acceptable, therefore, the applicant must present adequate proof. The investment funds must have been retained for at least 3 years. Insurance documents of the applicant and their dependents are also required. Individuals with specialized talents such as doctors, programmers, creative individuals, scientists, and individuals in the field of culture and art can also obtain this type of visa. Eligibility for a 5-year Golden Visa All applicants must meet at least on the requirements mentioned below: Investors: Individuals must have invested in property of at least 5 million AED. Loans do not count as invested money. The individuals must own the property for at least three years. Entrepreneurs: Must have a project of at least 500,000 AED minimum. Must be an accredited business incubator in the country. Conditions: (applicable only to investors) All applicants must meet at least on the requirements mentioned below for an application to a Golden Visa: The applicant must have a project in a certified field in the UAE. Must be the recognized founder of the project. The business incubator must support other start-ups by providing them with appropriate information and resources. In addition, the company needs to have all the relevant certifications. The applicants must have valid health insurance for themselves and their family members. Outstanding students: with a minimum grade of 95% can also obtain this type of visa. In addition, the golden visa is extended to the family of the student. 7. What are the steps for applying for a golden visa in the United Arab Emirates? The process to obtain the Dubai Golden Visa is relatively simple, the steps are mentioned below: Apply online for the golden visa nomination. Therefore, you must submit a profile with your accomplishments. Submit all the necessary documents. The documents include: Passport copy. Visa copy. Emirates ID. Auditor license and certificate. Passport photo. Memorandum of Association. Trading
