Golden Visa
What is a Golden Visa?
The Golden Visa in Dubai is a special residency visa that offers long-term residency benefits to investors, entrepreneurs, specialized talents, researchers, and outstanding students. It aims to attract high-net-worth individuals and skilled professionals to contribute to the economic growth of Dubai and the UAE. The visa allows holders and their families to live, work, and study in the UAE without the need for a national sponsor, providing them with a stable and secure living environment.
Benefits of having a Golden Visa
1. Long-term Residency: The Golden Visa provides residency for 5 or 10 years, which is renewable. This long-term stability is attractive for investors, entrepreneurs, professionals, and their families.
2. Family Inclusion: The visa extends to the visa holder’s spouse and children, ensuring family members can reside in Dubai without needing separate sponsorship.
3. Business and Investment Opportunities: Holders can establish or invest in businesses in Dubai, benefiting from the city’s business-friendly environment and strategic location.
4. Ease of Travel: Golden Visa holders enjoy ease of travel to and from the UAE, facilitating international business and personal tr
5. Education and Healthcare: Visa holders can access high-quality education and healthcare services in Dubai, which are among the best in the region.
6. No Sponsorship Requirement: Unlike standard residency visas, the Golden Visa does not require a local sponsor, granting more independence to the holder.
7. Property Ownership: Holders are eligible to buy property in Dubai, contributing to personal wealth and investment diversification.
8. Tax Benefits: Dubai offers a tax-free environment on personal income, which can be highly advantageous for high-net-worth individuals and business owners.
9. Reputation and Prestige: Possessing a Golden Visa in Dubai adds a level of prestige and recognition, enhancing the visa holder’s personal and professional profile.
10. Extended Absence Tolerance: Unlike other residency visas that may require holders to spend a minimum amount of time in Dubai annually, the Golden Visa allows more flexibility regarding the time spent outside the UAE.
Golden visa requirements
Requirements for the Golden visa depend on the type of residence, whether investor, talent, entrepreneur, etc.
Investors in public investments
If you invest in an investment fund, you may be granted a Golden Visa for a period of 10 years without a sponsor, subject to the:
- submission of a letter from an investment fund accredited in the UAE stating that the investor has a deposit of AED two million, or
- submission of a valid commercial licence or industrial licence and a memorandum of association stating that the investor’s capital is not less than AED two million
- submission of a letter from Federal Tax Authority stating that the investor pays the government no less than AED 250,000 (two hundred and fifty thousand) annually.
Additionally, you must:
- own the invested capital completely; it must not be a loan and
- provide proof of medical insurance for himself and his family (if any).
Real estate investors
If you own a property or a group of properties, you may be granted a Golden visa for a period of 5 years, renewable on the same conditions and without a sponsor subject to the:
- provision of a letter from the land department of the respective emirate stating that he owns one or more properties whose value is not less than 2 million dirhams
- purchase of a property with a loan from specific local banks approved by the competent local entity.
Entrepreneurs
If you are an entrepreneur, you may get a Golden visa for a period of 5 years, if you own an economic project of a technical or future nature based on risk & innovation. In addition, you must have an approval letter from each of the following:
- an auditor in the UAE stating that the project value is not less than 500,000 dirhams
- the authorities in the emirate stating that the project is of a technical or future nature
- an accredited business incubator in the UAE to establish the proposed activity in the country.
Outstanding specialised talents
Outstanding specialised talents include:
- doctors
- scientists
- creative people of culture and art
- inventors
- executives
- specialists in scientific fields
- athletes
- doctoral degree holders and
- specialists in the fields of engineering and science.
Subjects relating to engineering and science include:
- epidemiology and viruses
- artificial intelligence
- big data
- computer engineering
- electronic engineering
- software engineering
- electrical engineering
- genetics and biotechnology engineering.
If you have an outstanding specialised talent, you may get a Golden visa for 10 years after meeting the requirements mentioned below for each category:
Doctors and scientists
- an approval Letter from Ministry of Health and Prevention in the UAE to practice the profession of medicine (for doctors)
- a letter of recommendation from Emirates Council of Scientists or a letter from Secretariat of the Mohammed bin Rashid Medal for Scientific Excellence stating that the applicant has been awarded the Medal of Scientific Excellence (for scientists).
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