Golden Visa
Golden Visa UAE Guide 2024
In 2019, the UAE government launched the Golden Visa program, providing select expatriates the chance to secure long-term residence visas and become self-sponsored. These individuals can also sponsor their immediate family members for UAE residency visas of equal duration.
Major changes were made to the regulations regarding obtaining the Golden Visa in the UAE by investment.
The amount dedicated to being eligible to obtain the Golden Visa in the UAE by investment was reduced. Allowing investors to take mortgages and to buy off-plan properties. In addition to removing the restriction of the maximum length of days to stay outside of UAE.
Advantages of holding a UAE Residency Visa
- Dubai’s Esaad discount program: Enjoying access to Dubai’s Esaad discount program, offering exclusive discounts and bonuses.
- Pathway to Citizenship: Prospectively obtain UAE Citizenship after holding the golden visa for 30 years or for Outstanding services
- Unrestricted relocation and visitation: Enjoying the freedom of visiting or relocation to UAE anytime.
- Healthcare and Education: Access to the UAE’s healthcare and education systems, including clinics, hospitals, schools, and universities.
- Banking: Enjoying the freedom of opening bank accounts in UAE or international bank in UAE, managing your own finances in multiple currencies.
- Driver’s License: Obtain a local driver’s license by passing an exam or exchanging an existing one.
- Family Sponsorship: Sponsor family members for long-term visas and parents for 1-year visas.
Benefits of holding Golden Visa, UAE
Extended Validity: 10-year visa duration.
Family Sponsorship: Sponsor family members for the same visa duration.
Applicant-based sponsorship: No need for a sponsor.
Unrestricted Stay: No need to enter the UAE every 6 months to keep the visa valid.
Benefits of holding Golden Visa, UAE
Business Owners
CEOs Or Managing Directors
Highly Educated Individuals (PhD Holders)
Professionals Like Doctors, Engineers, Athletes
Students
Investors
The application process requires collecting and submitting various documents based on your category.
Golden Visa UAE Requirements
- Investors in Public Sector
- Investors can obtain a 10-year Golden Visa without a sponsor by meeting one of the following conditions:
- Deposit AED two million in a UAE-accredited investment fund.
- Hold a valid commercial or industrial license and memorandum of association with at least AED two million capital investment.
- Provide a letter from the Federal Tax Authority confirming an annual payment of at least AED 250,000.
Additional requirements
- Full ownership of the invested capital.
- Proof of medical insurance for the investor and their family.
- Real Estate Investors
- Real estate investors can get a 10-year Golden Visa by:
- Owning properties valued at a minimum of AED 2 million.
- Purchasing a property with a mortgage from approved local banks with a 50% down payment.
Entrepreneurs
Entrepreneurs with technical or innovative projects can secure a 5-year Golden Visa if they:
- Have an approval letter from an auditor confirming the project’s value is at least AED 500,000.
- Obtain approval from relevant authorities confirming the project’s technical or innovative nature.
- Get accreditation from an approved business incubator in the UAE.
- Outstanding Specialized Talents
Entrepreneurs
Doctors and Scientists:
Approval from the Ministry of Health or a recommendation from the Emirates Council of Scientists.
Engineering and Science Specialists:
Accredited Bachelor's or Master's degree and a work contract.
Inventors:
Recommendation from the Ministry of Economy.
Outstanding Students
High school and university students can also apply:
Creative Individuals
Approval from the Department of Culture and Arts.
High School Students:
95% minimum grade, recommendation from the Ministry of Education.
Executive Directors:
Accredited university degree, 5 years of experience, AED 50,000 minimum salary, valid work contract.
University Students
10-year visa for those from A or B class universities with a minimum GPA of 3.5 or 3.8 respectively.
Athletes:
Recommendation from the General Sports Authority.
Foreign University Graduates:
Top 100 globally ranked university, minimum GPA of 3.5, graduation within the last two years. Pioneers of Humanitarian Work
How To Apply For The Golden Visa UAE
Step-By-Step Application Process:
- Select the visa category that suits your plans.
- Collect and prepare all the required paperwork according to the category of the application.
- To begin the process of your application you need to Pay the Amer Office a visit.
- Pay all the required fees for your application.
- Wait for the approval. The approval takes approximately 72 hours up to 30 days.
- If applicable, cancel your current residence visa.
- Submit your application along with all the necessary information and documents.
- Once your golden visa is approved, receive the visa endorsement of your in your passport.
GOLDEN VISA UAE
COSTS AND FEES
According to the UAE updated regulations regarding the golden visa process in 2024, the new 10-years Golden Visa costs 2,657 AED. These fees do not include medical checkup fees, the Emirates ID fees, Health insurance, and the administrative fees.
Looking for assistance to obtain your golden visa in Dubai through investment. Look no further our experts here in Property Gulf handle your requests in a timely manner while providing the most practical solutions possible.