The Dubai golden visa is a residency visa that grants foreign investors, entrepreneurs, and high-net-worth individuals the freedom of residence in the United Arab Emirates. This special type of residence visa is designed to attract foreign investment into the country and promote economic growth. It allows applicants to live, work, and operate their businesses in the region without needing to obtain a traditional work/residency permit or sponsorship from a local company or individual.
The golden visa offers numerous benefits for investors, such as access to world-class infrastructure, excellent healthcare services, and exclusive tax exemptions. Applicants who are granted the UAE golden visa also have the opportunity to gain UAE citizenship after a while, provided that they meet all of the necessary requirements.
What is UAE Golden Visa?
The UAE Golden visa, which was introduced in 2019 to attract, retain, and reward exceptional talent worldwide, is the most popular long-term residency visa in the UAE. It is created for a particular group of foreign nationals who want to live, work, or study in any of the country’s emirates without the need for a sponsor while taking advantage of the special benefits. The UAE Visa has a maximum validity duration of either 5 or 10 years, which is automatically extended if the required conditions are met once more. Wealthy businessmen, entrepreneurs, great students, very brilliant people in specialized industries, and deserving candidates falling into a particular category, such as humanitarian trailblazers and frontline heroes, can all be potential applicants for the UAE Golden Visa.
You desire long-term residency in developed nations like the United Arab Emirates, if not citizenship. This is most likely one of the factors making the UAE’s Golden Visa one of the most sought-after visas in the country. The UAE Golden Visa holder can enjoy a wide range of additional perks during their stay in the nation in addition to long-term residency. The recipient of a Golden Visa initially receives a six-month visa with several entries to finish the residency issuing process. After receiving a Golden Visa UAE, people are eligible for up to ten years of renewable residency.
As long as you have a UAE Visa, the world is your oyster. Here are some perks of having a UAE Golden Visa:
If you are from outside the UAE, you will be given a multiple-entry visa for 6 months to finish the residence issuance procedure
You won’t need to worry about the visa renewal during this time. The UAE Golden Visa’s validity is automatically extended after five or ten years, as appropriate.
You will be granted a month-long temporary visa, which can be transitioned to Dubai Golden Viisa
You may sponsor your family (wife, kids, and parents) per the rules and circumstances.
You can own investment endeavors in trade, industry, and real estate
Depending on the type of Golden Visa you can benefit from a variety of discounts.
If you are a student with a golden visa, you can apply for the privileged Esaad card and nominate three employees or partners in the project to receive the Golden Visa within the capacity of your entrepreneurship and can sponsor your families whenever you have the financial capabilities
If it is a Real Estate Golden Visa Dubai, the mortgage fixed-interest rates will be reduced
You can choose from comprehensive insurance plans with coverage ranging from AED 2,000 to AED 50,000, based on a number of variables like age, health, the hospitals and clinics covered, and more.
You are eligible for special deals and discounts on automobiles, real estate (such as those from builder Imkan Properties), health care, hospitality, health insurance, and banking services.
You become eligible for discounts at restaurants, spa services, gym memberships, and hotel stays at specific Abu Dhabi hospitality locations.
You can also benefit from lower prices for annual family and individual health insurance coverage.
Incase of the Golden Visa, everything that glitters is gold! For wealthy or brilliant foreigners who meet specific criteria, the dazzling emirates of the UAE provide golden visas. If you meet the qualifying conditions and provide the supporting documentation listed below, then there are several routes via which you can obtain a Golden Visa.
Dubai Golden Visa Requirements:
The investor must have a deposit of at least AED 2 million
Memorandum and NOC (in case of company license)
Business and individual bank statements
Copy of passport
Reliable Health Insurance
Most recent annual audit report
Current DHA medical license valid for full-time practice
A copy of the labour contract and labour card if the visa is for two years under MOHRE
Visa Copies + Employment Contract
Reliable Health Insurance
No Objection Certificate (NOC)
You can apply for the UAE visa online using the clever GDRFA app or through an authorized service provider, who, (if Amer is not available), can also serve as your company establishment counselor. If you have all the necessary documentation on hand, the application process is simple and quick. If you choose the DIY route, the UAE Golden visa application process entails the following steps.
Use the relevant App Store on your smart device to download the free GDRFA-Dubai Smart Application
Create a user account
Choose the necessary service
Submit evidence that you are qualified for a Golden visa
Pay the application fees that applies to your situation
Send in the application
On the other hand, if you decide to take the second option to get your UAE Golden Visa , then stick to these instructions:
Contact one of our PRO services or Golden visa experts in United Arab Emirates, and leave the rest to us
We will aid you in assembling all the paperwork demonstrating your eligibility for a Golden visa
When submitting your application, simply pay the fees
In essence, the Golden Visa program represents an exceptional opportunity for individuals seeking to relocate and establish themselves in the UAE without any restrictions. By attracting skilled professionals, entrepreneurs, investors, and other talented individuals, this initiative fosters economic growth and positions the UAE as a hub for innovation and international business.
The numerous benefits that come with the Golden Visa, including the ability to work, study, and conduct business in the UAE, coupled with long-term stability and security, make it a compelling option for those seeking to pursue their goals in the UAE. We recommend further research and consultation with immigration experts to ensure that you meet the eligibility requirements and follow the application procedures.
As a consultancy firm, we are ready to assist you in navigating the UAE Golden Visa application process. Contact us today to learn more about how we can help you achieve your goals and successfully obtain your Golden Visa. Don’t miss out on this opportunity to establish yourself in the UAE and contribute to its growth. Let us guide you through this process and make your dreams a reality.