The United Arab Emirates (UAE) Golden visa has become a hot topic for many considering residency or business opportunities in the region. The visa offers a long-term residency with other benefits which has attracted a number of investors to the region after its introduction in 2019. However, the application process can be daunting and is usually complex. The UAE Golden Visa guide prepared by Gatestone Group is here to help you by simplifying the process and equipping you with the right knowledge to make an informed decision.
What is the UAE Golden Visa?
A Golden visa is a premium form of visa to Dubai and the UAE that ensures that a foreigner can enjoy exclusive benefits such as residency, health, education, and sponsorship.
Golden Visa Vs Ordinary Visa
|
Key points |
Golden Visa |
Ordinary Visa |
|
Validity |
5-10 years
|
It Varies depending on the type. Employment visas have a maximum duration of two years. |
|
Renewability |
Renewable |
It depends on the circumstances and the policies. |
|
Business Sponsorship |
Not required |
Required for employment visa |
|
Family Benefits |
Multiple benefits for wife and children regardless of age. |
No benefits for the family. |
|
Minimum Investment |
AED 1 million in case of Investor Golden Visa
|
Not required |
Am I Eligible To Obtain A Golden Visa in Dubai?
To be eligible to obtain a golden visa in Dubai, one must belong to one of the following categories and satisfy the specific requirements:
- Entrepreneurs
- Investors
- Inventors
- Executives
- Exceptionally talented people from the field of arts and culture
- Scientists
- Doctors
- Engineers and tech experts
- Top students
Requirements For Entrepreneurs
If you are an entrepreneur with a risk-taking and innovative economic initiative that is of a technical or futuristic nature, you may be eligible for a five-year Golden visa. Furthermore, you need to obtain an authorisation letter from every one of the following:
- A UAE auditor certifying that the project is worth at least 500,000 dirhams
- The Emirate’s authorities declare that the idea is technological or future-oriented
- An approved business consultant in the UAE, like Gatestone Group, to launch the intended operation there
Requirements for Investors
Investors in Dubai can be divided into two categories:
- Real estate investors
- Public Investors
Requirements for both categories are as below:
1. Real Estate Investors:
A Golden visa may be issued to you if you have a property or collection of properties for five years, renewable under the same terms, and you do not need a sponsor if you meet the following requirements:
- The submission of a document from the relevant emirate’s land department attesting to his ownership of one or more properties with a minimum value of two million dirhams.
- Buying an asset with a mortgage from a particular regional bank that has been authorised by the relevant regional authority.
2. Public Investors:
- The production of a valid commercial or industrial license and a memorandum of association certifying that the investor’s capital is not less than AED two million, or the submission of a letter from an investment fund accredited in the UAE declaring that the investor has a deposit of AED two million.
- Presenting a letter from the Federal Tax Authority informing the government that the investor pays them a minimum of AED 250,000 (two hundred and fifty thousand) per year.
Furthermore, the invested capital should be your own investment; it cannot be a loan.
How to Apply for Golden Visa Dubai in 2024?
Do you belong to one of the above categories and are interested in applying for a golden visa in Dubai in 2024? Gatestone Group can assist you with the following steps:
- Assessing the individual documents
- Reviewing the required documentations
- Securing pre-approval
- Medical test arrangements
- Emirates ID typing
- Golden visa issuance
Gatestone Group is Here To Make the Process Easy
The UAE is the world’s business hub and has a promised lucrative future. A golden visa is your key to making an impact and getting yourself and your company known to the world. It exempts you from the cycle of visa renewals along with offering countless advantages for your family. To qualify, you must belong to one of the listed categories and meet the basic eligibility criteria. If you do, the next step is to contact government liaison experts like Gatestone Group to make the process hassle-free. Within a few days, you can get your visa approved and unlock all the benefits. You can contact us at: [email protected] or book a quick free consultation call at +971 4 450 1023 or +971 52 410 0849 to avail this opportunity for permanent residency in the UAE.
FAQs
The cost of a Golden visa in the UAE is subject to change but involves a standard processing fee out of which 60% is refundable in case an application is denied. The process also involves paying for the Emirates ID and a medical fitness test as per usual visa procedure in the UAE.
Apart from long-term residency offered with the UAE Golden visa, the UAE offers tax benefits, business investment opportunities, access to exceptional healthcare services, multicultural environment for children, family inclusion etc.
Investors can live, work, and sponsor relatives in Dubai if they have a valid UAE residence visa.
Yes, anyone with a UAE Golden visa can sponsor their spouse and children for a period of 10 years after which the visa is subject to renewal.
