The Dubai Golden Visa is a prestigious long-term residency program introduced in 2019 to attract and retain professionals with exceptional talent in the region. As of October 3, 2022, the eligibility criteria have been revised to provide more flexibility for residents and non-residents to apply for this program.
The Golden Visa offers a 10-year residence permit, granting foreign individuals the opportunity to live, work, or study in the United Arab Emirates (UAE) while enjoying exclusive benefits. This visa is available to various categories of individuals, including investors, entrepreneurs, scientists, outstanding students and graduates, humanitarian pioneers, and frontline heroes.
By obtaining the Dubai Golden Visa, expatriates can become residents of one of the world’s most advanced hubs for global business and lifestyle. It provides a gateway to the vibrant opportunities and lifestyle that Dubai offers.
The program is open to various categories of individuals, including:
Investors: Individuals who invest a certain amount of capital in real estate, business, or financial assets in Dubai.
Entrepreneurs: Individuals who establish a business or startup in Dubai, contributing to the economy and creating employment opportunities.
Skilled Professionals: Individuals with exceptional talents or specialized skills in fields such as science, technology, arts, and culture.
Students: Outstanding students who have achieved academic excellence and wish to pursue their education in Dubai.
Researchers and Scientists: Individuals who contribute to scientific research and development in Dubai.
Retirees: Individuals who meet specific criteria and wish to retire in Dubai.
The Dubai Golden Visa offers numerous advantages, including longer residency, tax benefits, business opportunities, ease of travel, access to healthcare services, educational opportunities for children, and family inclusion.
It’s important to note that the eligibility criteria, requirements, and benefits of the Dubai Golden Visa may be subject to change and are determined by the government of Dubai. It is advisable to consult with immigration authorities or professional consultants for the most up-to-date and accurate information regarding the Dubai Golden Visa program.
The Dubai Golden Visa program has introduced numerous benefits and privileges for international investors and skilled professionals seeking to establish themselves in Dubai. Let’s explore the key advantages of the Dubai Golden Visa and why it has become a game-changer for expatriates and investors.
Read Also: How to Apply for a Golden Visa in UAE?
Why Get a Dubai Golden Visa?
There are several compelling reasons to obtain a Dubai Golden Visa:
Residency:
The Dubai Golden Visa allows you to become a legal resident of the UAE, granting you the right to stay, work, and invest in the country.
Tax Residency:
By obtaining the Golden Visa, you can become a tax resident of the UAE, potentially benefiting from its favorable tax environment.
Business Opportunities:
You can open a branch of your existing business or start a new business in Dubai, taking advantage of the city’s thriving economy and business-friendly policies.
Ownership:
With the Golden Visa, you can own 100% of any business established and operated in the UAE, providing full control over your business ventures.
Banking:
You can open personal and corporate bank accounts in the UAE under your new business, facilitating financial operations and transactions.
Travel Convenience:
The Golden Visa allows you to travel freely in and out of the UAE at your convenience, making it easier to conduct business or enjoy leisure activities.
Family Inclusion:
You can apply for Dubai residency for your family, ensuring that they can also benefit from the advantages of living in the UAE.
Work and Investment Opportunities:
With the Golden Visa, you can work, reside, travel, and invest in the UAE, tapping into the diverse opportunities available in the country.
Education and Healthcare:
Dubai offers access to prime education and healthcare services. With the Golden Visa, you and your family can benefit from the high-quality education institutions and world-class healthcare facilities in the city.
Obtaining a Dubai Golden Visa opens up a host of opportunities for individuals and families, providing the foundation for a prosperous and fulfilling life in Dubai and the UAE.
Read Also: How to Get Investor Visa in Dubai
Golden Visa Categories
There are two main categories for obtaining a Dubai Golden Visa:
- Company Formation: Individuals who establish a company in the UAE can qualify for the Golden Visa. To be eligible, they must hold a bachelor’s degree, have a valid employment contract within the UAE, and earn a minimum salary of $8,168.29 USD (AED 30,000) per month.
- Real Estate Investment: Individuals who invest in Dubai’s real estate market can also apply for the Golden Visa. To be eligible, they must either purchase a property worth at least $600,000 USD (AED 2 million) or acquire one or more completed or off-plan properties with a combined value of at least $600,000 USD (AED 2 million) from approved local real estate companies.
To apply for the Dubai Golden Visa through real estate investment, you need to fulfill the following requirements:
- Title Deed: Provide a copy of the title deed as proof of purchasing a property worth at least $600,000 USD or AED 2 million.
- Visa or Passport Copy: Submit a copy of your valid visa or passport.
- Emirates ID: Provide a copy of your Emirates ID, which is a mandatory identification card for residents in the UAE.
- Applicant inside UAE: You should be physically present in the UAE when submitting the application.
- International and Local Health Insurance: Obtain health insurance coverage, both international and local, as part of the application process.
For the Dubai Golden Visa through company formation, the application requirements include:
- Passport Copy of Shareholder/Manager: Provide a copy of the passport of the shareholder or manager of the company for obtaining the trade license.
- Emirates ID and Visa for Bank Account Opening: Submit copies of Emirates ID and visa for the purpose of opening a bank account.
- NOC (No Objection Certificate): Obtain a No Objection Certificate from the company, confirming the applicant’s eligibility for the Golden Visa. The NOC should state that the applicant holds a high-level position such as general manager, executive, director, or chairman of the board of directors and has a service period of at least 1 year.
- Attested Degree Certificate: Provide an attested degree certificate (bachelor’s degree or higher) along with a university degree equivalency. The degree should be attested by the UAE embassy in your home country and the Ministry of Foreign Affairs in Dubai.
- Salary Certificate: Submit a salary certificate demonstrating a monthly salary of not less than $8,168.29 USD or 30,000 DHS.
- Labour Contract: Provide a copy of the labor contract specifying the profession and salary mentioned in the salary certificate.
- Bank Statements: Submit bank statements for the last 6 months, showing monthly salary deposits. The salary should be reflected in the statements, and if there are any transfers or withdrawals, a second bank statement may be required to verify the salary.
- Studio Picture: Provide a studio picture as part of the application process.
These requirements vary depending on whether you are applying through real estate investment or company formation for the Dubai Golden Visa. It is essential to ensure that all necessary documents are prepared and submitted accurately.
Obtain Your Dubai Golden Visa with Company Setup Consultants!
If you’re considering the Dubai Golden Visa, our team at Spider Business Center can assist you throughout the process. We provide comprehensive support, from the initial application to settling in your new home or business in Dubai. With attractive business opportunities and world-class facilities, Dubai can become your second home.
