Dubai, one of the world’s most prosperous and rapidly growing cities, offers investors, entrepreneurs, scientists, and highly skilled professionals an opportunity to obtain long-term residency through the UAE Golden Visa program. This initiative was launched in 2019 and allowed eligible individuals to reside in the UAE for extended periods. It is an attractive opportunity for those who need financial stability, business growth, and global mobility.
In this article, we will explore the eligibility criteria, benefits, and step-by-step process of obtaining a Golden Visa in Dubai.
What is the UAE Golden Visa?
The UAE Golden Visa is a long-term residence permit that enables foreigners to live, work, or study in the country while enjoying exclusive benefits. Unlike traditional visas that require an employment sponsor, the Golden Visa is issued based on investments, professional qualifications, and exceptional achievements.
Initially, obtaining a Golden Visa required an investment of AED 5 million to AED 10 million. However, in 2022, the UAE government introduced new rules, reducing the minimum investment requirement and making the process more accessible to a broader range of applicants.
Eligibility Criteria for the Dubai Golden Visa
Several categories of individuals are eligible for the UAE Golden Visa, including investors, entrepreneurs, skilled professionals, researchers, and outstanding students. The primary pathways to get a Golden Visa in Dubai include:
Investment in Real Estate
Investing in Dubai’s thriving real estate market is one of the most popular ways to secure a Golden Visa. The requirements are:
- 10-year visa: Purchase real estate worth AED 2 million ($545,000).
- 2-year visa: Purchase real estate worth AED 750,000 ($204,000).
Investors can acquire ready or off-plan properties and even use mortgage financing to meet the required investment threshold.
Business Investment and Entrepreneurship
Entrepreneurs can obtain a Golden Visa by establishing a startup or investing in an existing business. Requirements include:
- Owning a business with a minimum valuation of AED 500,000.
- Approval from an accredited UAE business incubator is required.
- Being a founder or partner in a recognized startup.
Skilled Professionals and Scientists
Highly skilled professionals in fields such as medicine, IT, engineering, and scientific research can qualify for a Golden Visa if they meet the following criteria:
- Hold a valid employment contract in the UAE.
- Possess a minimum monthly salary of AED 30,000 ($8,200).
- Have a degree in a specialized field from a top university.
- Obtain accreditation from the UAE government.
Outstanding Students and Academics
Top-performing students and researchers may qualify for a Golden Visa based on academic excellence. Requirements include:
- A high GPA (3.8 or above) from a UAE-accredited university.
- A recommendation from the Ministry of Education.
- Enrollment in a prestigious international institution.
Exceptional Talents and Creative Professionals
Artists, athletes, musicians, and innovators with remarkable contributions to their fields may apply for a Golden Visa if they receive approval from relevant UAE authorities.
Benefits of the Dubai Golden Visa
Obtaining a Golden Visa in Dubai offers multiple advantages, including:
Long-Term Residency and Flexibility
Golden Visa holders can stay in the UAE for up to 10 years, providing stability and security. Unlike standard residency visas, there is no requirement to renew the visa frequently.
No Residency Obligation
Unlike many other countries’ residency programs, the UAE Golden Visa does not require holders to live in the country permanently. Visa holders must visit only once or twice a year to maintain their status.
Tax Benefits
The UAE offers an attractive tax environment with no personal income tax, inheritance tax, or capital gains tax. However, starting in 2023, corporate tax will apply at a rate of 9% for companies earning profits above AED 375,000.
Access to Banking and Financial Services
Golden Visa holders can easily open personal and corporate bank accounts in the UAE. This facilitates international business operations, wealth management, and asset protection.
Driving License and Other Privileges
Golden Visa holders can apply for a UAE driver’s license. Citizens from select countries, including the USA, UK, Germany, and Australia, may exchange their home country’s license without taking an exam.
Healthcare and Education Benefits
Golden Visa holders can access Dubai’s top-tier healthcare system and enroll their children in leading schools and universities offering international curricula.
Sponsoring Family Members
Main applicants can sponsor their spouse, children, and even parents for long-term visas. This makes Dubai an attractive destination for families looking for stability and a high quality of life.
Esaad Privilege Card
Golden Visa holders receive an Esaad Privilege Card, which offers discounts of up to 70% on shopping, healthcare, hospitality, and entertainment services in Dubai and internationally.
Pathway to UAE Citizenship
While obtaining UAE citizenship is rare, exceptional individuals may be granted citizenship under special circumstances. Generally, foreigners can apply for UAE citizenship after residing in the country for 30 years.
Step-by-Step Process to Apply for a Dubai Golden Visa
Step 1: Determine Eligibility
Applicants should assess their qualifications and determine the most suitable category for their application.
Step 2: Prepare Required Documents
Commonly required documents include:
- A valid passport
- Proof of investment (real estate purchase documents, business ownership records, etc.)
- Educational certificates (for professionals and students)
- Employment contracts and salary certificates (for skilled workers)
- Endorsement letters from relevant UAE authorities (for exceptional talents)
Step 3: Submit an Online Application
Applications can be submitted through:
- The UAE’s Federal Authority for Identity and Citizenship (ICP) website.
- Dubai’s General Directorate of Residency and Foreigners Affairs (GDRFA) portal.
- Approved business and real estate agencies.
Step 4: Medical Examination and Biometrics
Applicants must undergo a medical fitness test and provide biometric data, including fingerprints and photographs.
Step 5: Receive an Entry Visa (if required)
If the applicant is outside the UAE, they may receive a temporary 6-month entry visa to complete the residency process.
Step 6: Obtain Emirates ID and Residency Visa
After approval, the applicant receives their residency permit and Emirates ID, officially granting them Golden Visa status.
Let ALDAR Al Jadeed Real Estate Help You Get Golden Visa in Dubai
The Dubai Golden Visa is an excellent opportunity for investors, entrepreneurs, professionals, and talented individuals seeking long-term residency Dubai. ALDAR Al Jadeed Real Estate provides expert guidance and assistance in navigating the process, providing an efficient experience for applicants.
Shake hands with ALDAR Al Jadeed Real Estate to further simplify property investment decisions, making the journey towards residency even smoother. Whether you’re looking to expand your business, secure your family’s future, or enjoy the luxury and convenience of Dubai, this visa offers a gateway to stability and success.
Feel free to contact us and learn more about our services.
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