Securing a 10-year residency in Dubai has now been made simpler with a golden visa. Golden visa Dubai is the government initiative to attract foreign nationals and businesses to come to stay and build their dream life in the nation. Given the city’s tax-friendly environment, modern and developed infrastructure, diverse and many opportunities in various sectors, and the government extensive support for foreigners, people across the globe are making Dubai their second home. The demand for the golden visa keeps on increasing, and its applications have been witnessed to a growth as well.
If you are someone looking to get a Dubai golden visa, you must be well informed about its categories, benefits and eligibility requirements. This article is meant to address all such concerns and make you understand how you can secure your long-term residency in Dubai.
Dubai’s “Golden Visa” program
Golden visa is a 10-year residency visa program introduced by the UAE government to attract foreign talents and investors. It allows foreigners who are eligible to stay, work, and enjoy their lives in Dubai for 10 years without depending on local sponsors and without the tension of renewals.
The vision of UAE is to become a leading global hub for professionals and investors, and as a part of supporting this vision, the golden visa program was launched. Since then, the number of applications for UAE golden visas has been increasing, and more and more expats are coming here on golden visas.
Benefits of holding golden visa Dubai
The UAE golden visa offers unmatched advantages to its holders. Here’s a look at its key benefits:
Extended Stay:
Golden visa holders can enjoy 10 years of extended residency in Dubai.
Multiple Entry Visa:
With a multiple-entry visa, golden visa holders can enter the UAE for 6 months, giving them ample time to complete the residency process.
Flexible Travel:
The golden visa Dubai allows holders to stay outside the UAE for more than 6 months without impacting their residency status.
Self-Sponsored Stay:
Golden visa enables holders to live, work, and stay in the UAE without requiring a local sponsor.
Family Sponsorship:
Dubai golden visa holders can easily sponsor their spouses and children. In fact, they can sponsor an unlimited number of domestic workers.
Easy Service Access:
Having a golden visa Dubai simplifies access to various services, including healthcare, education, and more.
Esaad Privilege Card:
Eligible golden visa holders can receive a free Esaad Privilege Card, which offers discounts on services such as fashion, beauty, tourism, healthcare, and more in Dubai.
Career Opportunities:
The golden visa allows holders to explore employment opportunities in Dubai without needing a separate work permit.
Business Opportunities:
Aspiring entrepreneurs can start and own 100% of their businesses during their Dubai golden visa residency.
Tax-Free Income:
Dubai offers a tax-free environment, with no income tax and minimal corporate tax, making it highly beneficial for golden visa holders.
Retirement Planning:
The golden visa allows holders to retire peacefully in Dubai and enjoy a serene and fulfilling life.
Types of golden visa Dubai
Dubai’s golden visa is available under various categories. Here’s a detailed breakdown:
1. Investment in Property:
- The property must be worth a minimum of AED 2 million.
2. Investment in Commercial or Industrial Trade Licenses:
- A minimum investment of AED 2 million is required.
3. Investment in Funds:
- Must invest in a UAE-accredited investment fund worth at least AED 2 million.
4. Skilled Professionals:
Includes doctors, scientists, inventors, executives, and doctoral degree holders.
- Must draw a minimum salary of AED 30,000.
- Must demonstrate relevant experience.
- Must hold qualifications relevant to their field.
5. Outstanding Students:
- High School Students:
- Must hold a 95% grade and have a recommendation letter from the Ministry of Education.
- University Students:
- Must have a minimum GPA of 3.5.
- For foreign university students, graduation certificates must be attested by the Ministry of Education.
6. Humanitarian Pioneers:
- Must meet at least one of the following criteria:
- Have 10 years of work experience with regional or international organizations.
- Have 10 years of work experience with civil associations or institutions of public interest.
- Be a recipient of an appreciation award from a humanitarian organization.
- Have contributed a minimum of AED 2 million (or equivalent) to humanitarian causes.
7. Athletes:
- Must have a recommendation letter from the General Sports Authority or the Sports Council.
8. Teachers:
- Educators working in early childhood centers, private schools, or international higher education institutions are eligible for the 10-year golden visa.
- Includes teachers, school principals, academic leaders, managers, and heads of departments.
- Must have demonstrated excellence and innovation in the education field.
Process to get golden visa in Dubai
One can easily apply for a golden visa Dubai online. Here’s the step-by-step process:
- Visit the ICP’s official website.
- From services, look for “Golden Residency Services”.
- Next, select “Applying for Golden Visas.”
- Once you do so, on your screen, you will see the option to choose the Golden Visa category.
- Choose your category and click on “Start Service.”
- Enter details as asked, like your name, mobile number, email, nationality, and other details.
- Upload scanned documents and check the details once again that you entered in the application.
- Finally, pay the necessary fees and submit the application.
- Once your application is reviewed and approved, your golden visa will be granted to you.
If you prefer the offline mode, you can visit any Amer Center in Dubai or get in contact with experts like Dubiz Business Setup, who can handle the entire golden visa application on your behalf.
Cost of golden visa in Dubai
The cost of a golden visa Dubai for property investors can be around AED 12,000*, while for professionals, it starts at AED 4,646*. However, the actual cost may vary based on your specific category and situation.
If you want more details about the cost for your category, we advise getting in touch with experts.
Get your golden key with experts
Dubai golden visa is truly a golden key to unlimited opportunities in Dubai. Securing one makes long-term residency in Dubai possible, without the hassle of frequent renewals. On top of that, it allows you to sponsor your family members and bring them closer to you in the UAE. Besides these benefits, there are many other advantages of the golden visa.
Dubiz Business Setup has been helping individuals secure their golden visa in Dubai successfully. From identifying the right category to handling documentation and paperwork, they assist you at every step. Get in touch with them to unlock your dream life in Dubai. Book your free call with them today!