A few years back the UAE government initiated a program – “UAE Golden Visa”. A facility that offers long-term residency to the people who are seeking to take benefit of the UAE’s economy.
Since its inception, the UAE Golden Visa has created a buzz among people who want to secure permanent residency in the UAE.
With its various categorization and eligibility criteria, the Golden Visa is expected to elevate the existence of the UAE further in regard to its global business and economy.
Explore the exclusive opportunity provided with a UAE Golden Visa. In this blog, discover various aspects like the documents required, the process to apply, and so on.
But first let’s learn, ‘What is the UAE Golden Visa?’
What is the Golden Visa in Dubai?
Launched in 2019, the UAE Golden Visa is a permit that allows international individuals to stay, work, and operate a business in Dubai or within any other Emirates. If you are an international business owner, you are allowed a hundred percent ownership of your business without any national sponsor. The Golden visa is issued for 5 to 10 years of time period with easy renewal.
Golden Visa Dubai – Latest Update
As per the latest update by the UAE government, the duration of the Golden visa has been extended to 10 years for all the categories. Such an update elaborates that an individual can stay and operate their business for an entire decade without any issues.
Dubai Visa Along with the current list of eligible people, the government has included a new list of categories regarding golden visa eligibility.
Industry and 4th industrial revolution specialists
Benefits of obtaining Golden Visa UAE
1. Long term Residency
With the Golden Visa UAE, you can stay up to a decade in the nation along with the facility of extending it further for an indefinite period, provided that you meet the criteria.
2. Saving of tax
The UAE government does not have anything like income tax, resulting in saving a lot of your earnings.
3. Business Opportunity
Being a hotspot for businesses, the UAE Golden visa can offer you various possibilities to work in the growing economy of the nation.
4. Easy access to Healthcare
If you are a resident of UAE, you and your family will have easy access to the best quality of healthcare.
5. Self- Sponsorship
In case you get a Golden Visa, you can sponsor your entire family members regardless of their ages.
Who is eligible for the Dubai Golden Visa?
Preachers and religious researchers
With its recent update, the government has announced the offering of a Golden visa to preachers, muftis along with the religious researchers who have committed their services to the nation. Such a decision focuses on appreciating the religious leaders and their contribution towards the welfare of society.
Real estate investors
Being a real estate investor your UAE Golden visa process will be processed if you fulfill one of the following conditions:
Buy a property by taking a loan from a specified bank,
Buy a property of no less than AED 2 million, or
Buy more than one property of no less than AED 2 million from the approved local estate companies mentioned by the UAE government.
In case you invest in an investment company, then you might be eligible for a UAE golden visa for the duration of 10 years, depending upon the below conditions:
Proof of investment credited in the fund stating that he/she has deposited AED 2 million, or
Proof of valid industrial license, clarifying that the investor’s capital is equal to or more than AED 2 million.
Entrepreneurs and startup owners
Entrepreneurs can now get Dubai Golden Visa, on condition that their company has been registered with the UAE government. Moreover, it must come under the SME sector with an annual revenue of more than AED 1 million. However, an entrepreneur can also obtain it if:
An individual is the founder of the prior entrepreneurial project which was later sold with a total worth of more than AED 7 million.
Approval by the Ministry of Economy for the projects.
Under this type of category, talented people whether in the field of art, sports, law, medicine, or any other who are eligible to apply for a Golden visa. These are as:
Culture & art
Doctoral degree holders
What are the documents required for a UAE Golden Visa?
To apply for a UAE Golden Visa, there are just a few of the documents that are required for a UAE golden visa application.
Passport: While applying for a Golden visa the first and foremost thing is the Passport. Your passport must be valid for at least 6 months from the date of your visit.
Passport Size photograph: A clear image with a white background has to be uploaded while you fill out all the details
Other documents: In some scenarios, there might be a chance of applying the form with other supporting documents.
How to Apply for a UAE Golden Visa?
We are here to assist you in the steps to apply UAE Golden Visa, so follow this easy process-
Step 3: Fill out all the details along with uploading the necessary documents
Step 4: Pay the fees through our secured payment methods
After following the process, you will be sent an email that comprises details regarding your application. With the E-visa number mentioned in the application, you can track the golden visa application status easily.
How much does a Golden visa cost?
The UAE Golden Visa cost depends upon the type of visa category you will apply for. However, if you apply Golden Visa through OnlineDubaiVisa, the cost varies from AED 4300 to AED 6300. Keep in mind that the cost of a Golden Visa varies, so contact our experts before applying.
What is the processing time for UAE Golden Visa?
The normal processing time for the golden visa is 2 to 5 working days. However, this might vary depending upon the particular application and circumstances related to it. Moreover, if you wish to process it real quick, then with our express visa service, you can get it within 2 working days.
Golden Visa UAE validity
With its recent update, the validity of Golden Visa UAE is now 10 years rather than 5 years. This gives a wide selection of opportunities for individuals looking to obtain this visa.
Moreover, UAE Golden visa holders are qualified for 6 months of multiple entry. Along with this, if a Golden visa holder does not use the visa within the specific duration, he/she can extend their visa validity for a duration of 60 days once.
UAE Golden Visa Extension
As per the UAE government, you can extend your stay duration within the period for another 10 years depending upon the visa category. However, to extend you might need a valid passport and the latest photograph of you with a white background.
A writer by choice, a business owner, a wanderer by passion, and a tech lover when not doing work. I’m often founded catching flights to explore new cities in the world when not in the town or trying amazing cuisines at different cities.