Dubai, UAE, is renowned for its opulent lifestyle, remarkable architecture, top-notch infrastructure, and favourable business environment. It’s a highly sought-after tourist destination worldwide. With time, the city has become a bustling hub for entrepreneurs and investors, attracting diverse international talent. The UAE has always been an inclusive society, welcoming individuals worldwide.
In 2019, The UAE government launched the UAE Golden Visa program, allowing eligible individuals to reside, work, or study in the country for up to 10 years. Investors previously needed between AED 1 million and AED 10 million to obtain this exclusive visa.
In October 2022, the UAE government introduced new and improved rules for obtaining a golden visa, including reduced investment requirements, no limit on the length of stay outside of the UAE, and the ability to purchase off-plan properties and take out mortgages in the UAE.
Who is Eligible for a Golden Visa in Dubai?
The UAE government offers the golden visa to attract talented individuals such as highly skilled professionals, entrepreneurs, investors, scientists, exceptional students and graduates to the country.
However, certain criteria must be met to qualify for this special visa program.
If you own a property in the UAE, you may be eligible for the UAE golden visa. Real estate investors who purchase a property or an off-plan deal worth at least Dhs2 million can apply for this visa.
Are you interested in establishing a company in the UAE? If you meet any of the following criteria, you may be eligible for a UAE golden visa:
– You must be a partner or owner of a small or medium-sized enterprise (SME) in the UAE that generates at least Dhs1 million in annual revenue.
– You must have sold an entrepreneurial project for over Dhs7 million.
– You must have received approval for a start-up from an official business incubator in the UAE.
If you are a doctor, engineer, scientist, or business administrator with a high level of education, skills, and experience, you might be eligible for the UAE’s 10-year golden visa program. To qualify for this program, you must have a job offer in the UAE and fall under the first or second occupational level. Additionally, you should hold at least a Bachelor’s Degree and earn a monthly salary of AED30,000 or more. The Ministry of Human Resources and Emiratization will require these qualifications when you apply for the golden visa.
– Exceptional Talent:
If you excel in important fields such as culture, art, sports, or digital technology, you may qualify for the UAE golden visa program. Regardless of your education, job, income, or level of expertise, you can apply for and receive this special visa. However, you will need a recommendation or approval from a federal or local government entity.
If you have notable achievements and influence in science and research, you may be eligible for a golden visa with a recommendation from the Emirates Scientists Council. To qualify for this visa category, you must possess a PhD or Master’s degree in engineering, technology, life sciences, or natural sciences from a top-tier university and have made significant research contributions.
– Outstanding Students and Graduates:
If you excel in the secondary school system or graduate from a university in the UAE, you can apply for this opportunity. Additionally, if you are a high achiever graduating from one of the top 100 universities worldwide, you are also eligible to apply.
What are the Benefits of having a UAE Golden Visa Status?
There are numerous benefits associated with obtaining the Dubai Golden Visa. Includes:
– Long-Term Residency: If you have a golden residency in the UAE for yourself and your dependents, you can enjoy a resident visa for up to ten years.
However, if you have a standard residency visa, you must renew it every two to three years.
– No income tax: In Dubai and the UAE, people who earn money don’t have to pay any income tax because of the city’s zero income tax policy.
– Easy Access to the UAE: Obtaining a UAE golden visa means you can freely travel in and out of the country without the need for additional documents.
– Business opportunities: Dubai is a thriving centre for business and commerce, and its visa program offers entrepreneurs and investors an excellent chance to tap into the vast array of opportunities available in the country.
– Education and Healthcare: you can access Dubai’s world-class education and healthcare facilities by obtaining a golden visa.
How to Apply for A Golden Visa in Dubai?
Are you eligible for a UAE golden visa? If you fall under any of the categories, you may qualify. You can arrange an online consultation with one of our experts to confirm your eligibility.
Our experienced business advisors in Dubai, UAE can guide you through the verification and application procedures. To request a call-back, click here.
The application process requires you to submit the necessary documents, pay the fee, and undergo a medical examination. The following documents are required for the visa application:
– Passport copy with a validity of at least 6 months
– Passport-size photograph
– Proof of investment or entrepreneurship
– Proof of educational qualification
– Proof of health insurance
– Police clearance certificate
The visa cost is determined by the type of visa and how long the stay will be.
Dubai is a hub for business and commerce, and this visa enables entrepreneurs and investors to capitalize on the opportunities offered in the country.
If you’re eligible, the UAE Golden Visa program presents a fantastic opportunity to reside and work in Dubai for an extended period. The visa comes with numerous perks, and its objective is to attract highly skilled professionals, entrepreneurs, investors, and students to the country.