How to Get Dubai Golden Visa?

In 2019, the UAE Cabinet—led by Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister, and Ruler of Dubai—introduced a new Visa program for expats living in the country. The Golden Visa is a 5-year residence visa that lets you live, work and study in the UAE without having to have an employer sponsor you. Furthermore, it follows a 100% ownership of local businesses within the country. Here are answers to some common questions about this new program.

What is the UAE Golden Visa?

The Golden visa spans a period of 5 years and 10 years. As per the UAE goverment, the Golden visa will be granted to the following categories (providing they meet the criteria):

• Investors
• Entrepreneurs
• Startup Owners
• Specialized talents and researchers in various fields of science and knowledge
• Outstanding students
• Frontline & humanitarian pioneers
• Engineers

What is the eligibility criteria for UAE Golden Visa?

In order to get Dubai Golden Visa, you must be under following eligibility criteria-

Investor Visa 10 Years
1- Minimum 2 million value property or owned share ( one property or more ) under the applicant name
2- In case the property is mortgage, at least 2 million of property value must be paid to the bank. NOC letter and paid amount letter .
3- Husband and wife can share in one property.
(marriage certificate required).

What are the Documents Required For Investor Visa?

Investor in an investment fund (commercial investor)
1. Company's financial report for the previous year (Made by the company's financial auditor)
2. Company's Trade license and photocopy of the List of Partners' Names
3. Copy of the sponsored residency
4. Company's bank statement (last 3 months)
5. Company's (VAT Return) for the previous year

Investor in an investment fund (deposit)
1. A letter from the bank in Arabic form showcasing a "fix deposit". A note must be mentioned in the letter. (The fix deposit will not be broken for the next two years, OR in case the fix deposit was broken for any reason, the General Directorate of Residency and Foreigners Affairs - Dubai must be notified
2. Copy of the sponsored passport.
3. Tenancy contract.

Investor in (Tax Return Investor)
1. A letter from the Federal Tax Authority.
2. Company's Trade license and photocopy of the List of Partners' Names.
3. Copy of the sponsored residency.

Conslusion

The UAE Golden Visa is a beacon of opportunity, providing expats with a path to long-term residence, business ownership and career advancement in the UAE. By understanding the eligibility criteria, document requirements and application process, individuals can embark on a transformative journey to achieve their aspirations and thrive in the UAE’s dynamic landscape. Contact us today to explore your options and start your journey to apply for a Golden Visa in the UAE.