Golden Visa is a program introduced by the United Arab Emirates (UAE) government to attract high-net-worth individuals, investors, and entrepreneurs to the country. The program offers a long-term residency visa, which allows successful applicants and their families to live, work, and study in the UAE.
Dubai is one of the most popular destinations for obtaining a Golden Visa due to its business-friendly environment, strategic location, and modern infrastructure. The Golden Visa in Dubai provides a range of benefits, including the ability to open a bank account, invest in the UAE, and obtain a driver’s license.
To be eligible for a Golden Visa in Dubai, applicants must meet certain criteria, including having a certain level of income or investment in the UAE. They must also pass a security check and provide all necessary documents to support their application.
Obtaining a Golden Visa in Dubai can be a complex and time-consuming process. However, with the help of a professional firm experienced in the Golden Visa application process, the process can be made smoother and more efficient, maximizing the chances of success.
- The eligibility criteria for the Golden Visa program in Dubai vary depending on the category of the visa. Below are the eligibility criteria for some of the categories:
- Investors
To be eligible for a Golden Visa under the investor category, an individual must meet one of the following criteria: - Invest a minimum of AED 2 million in an investment fund or company that is registered in the UAE.
- Own a company in the UAE with a minimum capital of AED 2 million.
- Partner in a company in the UAE with a minimum share value of AED 2 million.
- Golden Visa for Real Estate Investors
- This service allows the real estate investor who owns a property equally valued at AED 2 million or more at the time of purchase to apply for a 10 years renewable residency visa, and the husband or wife and children can be sponsored.
- Minimum 2 million value property or owned share (one property or more) under the applicant’s name
- In case the property is mortgaged, a NOC letter from the bank to issue a visa on the property and shows the paid and remaining amounts
- Golden Visa for Executive Directors
- Under this category, an Executive Director and his family members can be granted
- Executive Directors would require a “NOC” letter from the company that does not mind the golden residency, also mentioned that the service period is not less than 5 years as a general manager – executive director – chairman of the board of directors.
- Attested equivalency certificate of a higher degree from the Ministry of Education.
- Salary certificate, which should not be less than AED 30,000 monthly.
- Labor contract with the same profession and salary certificate.
- Bank statement for the last 6 months.
- Entrepreneurs: To be eligible for a Golden Visa under the entrepreneur category, an individual must meet the following criteria:
- Have an existing project with a minimum capital of AED 500,000 or the approval of an accredited business incubator in the UAE.
- The project must be approved by the UAE government and contribute to the UAE’s economy and innovation.
- Highly skilled professionals: To be eligible for a Golden Visa under the highly skilled professionals category, an individual must meet the following criteria:
- Hold a Ph.D. degree from a recognized institution.
- Have a minimum of 10 years of experience in their field of expertise.
- Have a professional experience that is documented by scientific research or contributions to their field of work.
- Outstanding students: To be eligible for a Golden Visa under the outstanding student’s category, an individual must meet the following criteria:
- Hold a grade point average of at least 3.75 in a bachelor’s or master’s degree from a recognized institution.
- Have a distinction in accredited scientific research.
It is important to note that meeting the eligibility criteria does not guarantee approval for a Golden Visa. The UAE government reserves the right to approve or reject any application based on their discretion.
How to Get Golden Visa in Dubai?
To obtain a Golden Visa in Dubai, you will need to follow these steps:
- Determine your eligibility: The eligibility criteria for the Golden Visa program in Dubai include having a certain level of income, owning a business or investment in the UAE, or having specific professional qualifications.
- Gather necessary documents: You will need to provide a range of documents to support your application, including your passport, residency visa, bank statements, business license, and other relevant documents.
- Submit your application: You can apply for a Golden Visa online through the General Directorate of Residency and Foreigners Affairs (GDRFA) website or through a registered agent. You will need to pay the application fee and provide all necessary documents.
- Attend biometrics and medical test: Once your application is accepted, you will need to attend a biometrics appointment and a medical test.
- Wait for approval: After completing all the necessary steps, you will need to wait for your application to be processed and approved by the authorities. The processing time varies, but it can take up to several weeks.
- Receive your Golden Visa: If your application is approved, you will receive your Golden Visa, which will allow you to live, work, and study in the UAE for a specified period of time.
It is important to note that the Golden Visa application process in Dubai can be complex and time-consuming. It is recommended to seek the assistance of a professional firm experienced in the Golden Visa application process to ensure a smoother and more efficient application process.
Have a question?
Get in touch today
Our expert company setup consultants in Dubai are always available to answer your queries.