Looking to make Dubai your long-term home? With the Dubai Golden Visa, you can live, work, and enjoy all the benefits of this vibrant city for up to 10 years. This guide covers everything from eligibility and costs to application steps, helping you understand how a Dubai Golden Visa can open doors to new opportunities in the UAE.
The UAE is well-known for its world-class technology and innovative methods to further the economy. With the addition of this newly introduced visa, there’s no doubt that the economy will only develop significantly hereon.
Read to learn about UAE Golden Visas and how to obtain one for yourself and your family.
What is a Dubai Golden Visa?
The Dubai Golden Visa is a long-term residency visa available to foreign investors, entrepreneurs, scientists, highly skilled professionals, and individuals with exceptional talents. It grants the holder the ability to live, work, and study in the UAE without any restrictions. The visa is issued for generally 10 years, with the option for renewal, offering a stable residency solution in the UAE.
The Golden Visa was introduced to motivate, provide opportunities, and retain “talented people and great minds” in the country. This will drive the economy to great heights. Moreover, after its launch in 2019, over 400 investors, entrepreneurs, and some of their family members have been granted a golden visa in the UAE.
Who Can Obtain a Golden Visa in UAE?
The UAE Golden Visa is available to individuals in several distinguished categories, including:
- Investors – Individuals who make significant financial investments in the UAE.
- Entrepreneurs – Founders and business owners driving innovation and growth.
- Skilled Professionals – Highly skilled experts in various fields, such as medicine, engineering, or technology.
- Outstanding Students – Exceptional students with notable academic achievements.
- Humanitarian Pioneers – Individuals making impactful contributions to humanitarian causes.
- Scientists and Researchers – Experts advancing knowledge and innovation through research.
Each category has its own specific criteria, making the Golden Visa accessible to a diverse range of talented and accomplished individuals.
UAE Golden Visa Cost 2024
The golden visa UAE price will be approximately AED 5,000* if you are eligible. Additionally, PRO charges will apply to the amount. Charges and years of visa validity may vary depending on the type of visa applied for.
Benefits of the Dubai Golden Visa
What makes the Golden Visa so special? Beyond residency, here are some of the key benefits that make this visa a game-changer:
- Freedom to Work, Study, and Live: The Golden Visa grants the flexibility to live, work, or study anywhere in the UAE without the need for a local sponsor.
- Extended Stay for Dependents: Imagine the peace of mind in knowing your family is covered too. Golden Visa holders can include their spouse, children, and even support staff in their visa package.
- Multiple-Entry Permit: Travel freely, without the worry of re-entering deadlines, no six-month re-entry rule!
- Exclusive Services: Golden Visa holders enjoy access to priority services, including the 24/7 “You Are Special” concierge service provided by Dubai’s GDRFA.
This is your chance to enjoy the perks of long-term residency in a world-class city, with all the support and security that comes with it.
Read more: Top 12 Golden Visa Benefits in the UAE
UAE Golden Visa New Rules 2024
Here’s a summary of the latest Dubai Golden Visa Rules for 2024:
- Elimination of Minimum Down Payment: The requirement for a minimum AED 1 million ($272,000) down payment has been removed, making it easier for property investors to qualify for the UAE Golden Visa.
- Updated Eligibility Criteria: Investors now qualify by holding a property valued at AED 2 million ($545,000) or more. This applies to all property types whether off-plan, completed, mortgaged, or non-mortgaged without any specific down payment requirement.
- Expanded Property Options: The revised rules enable investors to choose from a wider range of properties valued at AED 2 million and above. It offers flexibility for long-term residency in the UAE.
- 10-Year Renewable Residency: The Golden Visa grants a 10-year residency, renewable under the same terms. It provides investors ample time to build their life and investments within the UAE community.
These updates aim to make the UAE Golden Visa more accessible, encouraging property investment and supporting the integration of long-term residents into the UAE.
Eligibility to Obtain a Golden Visa in UAE
Wondering if you qualify for this popular visa? Here’s a quick look at the main categories eligible for the Golden Visa in Dubai:
- Investors: Invest at least AED 2 million in UAE real estate or an approved company. The investment must be retained for at least three years.
- Entrepreneurs: Have you set up a business with a minimum capital of AED 500,000? This category could be your path to residency.
- Skilled Professionals and Researchers: If you’re a highly skilled professional in fields like technology, science, or healthcare, you might just be eligible!
- Outstanding Students: Did you excel academically? Outstanding students with a 95% grade or higher could qualify for a Golden Visa along with their family members.
Each of these categories has specific requirements, so it’s worth diving deeper into your particular field. This visa isn’t just for investors – Dubai is opening its doors to talents and innovators from various sectors.
How to Get a Golden Visa in Dubai
Interested in applying for an UAE Golden visa? First, ensure you meet the eligibility criteria. Once confirmed, follow these steps:
- Visit the official website and navigate to the services section.
- Choose “eChannels Residency and Citizenship” from the dropdown menu.
- You’ll be directed to the ‘Browse Smart Service’ page.
- Click on the option for Golden Residency.
- Scroll through the available types of Golden Visa services.
- Select your desired service and click “Start Service” to initiate your application.
- The application process comprises several steps:
- Provide your personal information accurately.
- Attach the necessary documents.
- Review your visa application thoroughly.
- Proceed to pay the application fees.
You can diligently complete your Dubai Golden Visa application process by following these steps.
Documents Required for a Golden Visa in Dubai
To apply for a UAE Golden Visa, you’ll need the following documents:
- Passport Copy
- Current Visa Copy
- Emirates ID
- Passport Photo
- Trade License (for business owners)
- Memorandum of Association (for businesses)
- Audit Report
- Auditor’s License and certificate
- Bank Statement
- Title Deed (for properties valued at AED 2 million or more)
- Ejari Registration (tenancy contract)
- Health Insurance
Note: Document requirements may vary depending on your eligibility category. Additionally, applicants must demonstrate a willingness to relocate to the UAE.
Essential Documents for Indian Applicants Seeking UAE Golden Visa
Below is a detailed list of documents required for Indian citizens applying for a Golden Visa in the UAE:
- Clear copies of your passport, including all pages with stamps and visas.
- Copies of previous UAE visas, if applicable.
- Recent passport-sized colour photographs with a white background.
- Proof of eligibility, including relevant documents corresponding to the chosen category.
- Bank or financial statements demonstrate financial stability and the ability to support oneself in the UAE.
- Health insurance coverage.
- For current residents of Dubai, documentation verifying your current residential status may be necessary.
- A police clearance certificate from your home country or any other country where you have resided in recent years.
- UAE authorities may require additional documents depending on your unique circumstances and chosen category.
Eligibility Criteria for UAE Golden Visa
The UAE’s Golden Visa offers exclusive privileges allowing individuals to reside, work, and study in the country. This includes a specialised business visa catering to business owners.
With this visa, individuals can enter Dubai either for six months on a multiple-entry basis or opt for a long-term renewable residence visa valid for 10 years, with the possibility of sponsoring family members.
Eligibility for the UAE Golden Visa is determined based on talent, residency type, and occupation. The following categories of individuals qualify for the Golden Visa:
1. Golden Visa UAE for Investors
To be eligible for a Golden Visa, Investors are granted a 10-year Golden Visa without a sponsor if they invest in an accredited investment fund. Requirements include a letter from the investment fund in the UAE confirming a deposit of AED two million or more, along with a valid industrial/commercial license and a memorandum of association attesting to the investor’s capital not falling below AED two million.
Additionally, a letter from the Federal Tax Authority stating an annual payment of no less than AED 250,000 to the government is required. Proof of complete ownership of invested capital (not a loan) and medical insurance is also necessary.
2. Golden Visa UAE for Entrepreneurs
To be eligible for a Golden Visa for Entrepreneurs with economic projects of a technical or future-oriented nature qualify for a Golden Visa. Requirements include an auditor in the UAE certifying a project value not below AED 500,000 and validation of the project’s technical or future orientation, based on risk and innovation, by relevant authorities.
3. Golden Visa UAE for Skilled Professionals
To be eligible for a Golden Visa, this category encompasses professionals with specialised expertise that benefit Dubai’s development, including those in science, technology, art, and culture.
4. Golden Visa UAE for Students
To be eligible for a Golden Visa, Exceptional students accepted by recognised universities or educational institutions in Dubai are eligible for the Golden Visa.
5. UAE Golden Visa for Retirees
To be eligible for Golden Visa, Retired individuals with a specified level of financial stability qualify for the Golden Visa, subject to meeting specific financial criteria, such as a 5-year or 10-year golden visa, which only applies to retirees in UAE with property over 1 million worth.
6. UAE Golden Visa for Real Estate Investors
To be eligible for a Golden Visa, Real estate investors receive a Golden Visa upon providing a letter from the land department confirming ownership of one or more properties valued at AED 2 million or more. Additional documentation is required if the property was purchased with a bank loan approved by a competent local entity.
Related Post: How to Start a Real Estate Business in Dubai
7. UAE Golden Visa for Outstanding Specialized Talent
To be eligible for a Golden Visa, Individuals meeting the following criteria receive a 10-year Golden Visa: an approval letter from the Ministry of Health and Prevention in the UAE and a recommendation letter from the Emirates Council of Scientists, attesting to the applicant being awarded the Medal of Scientific Excellence.
Golden Visa in Abu Dhabi
Abu Dhabi has expanded its Golden Visa program, offering more pathways for long-term residency. In addition to existing criteria, you now have a chance to qualify if you meet one of the following conditions:
- Retired with a stable monthly pension of at least AED 20,000.
- Possess a minimum asset portfolio worth AED 10 million.
- Part of an investor’s or entrepreneur’s family with a collective investment of AED 10 million in Abu Dhabi.
These new categories reflect Abu Dhabi’s commitment to welcoming a diverse range of people to drive forward its growth and innovation.
Golden Visa in Ras Al Khaimah
Ras Al Khaimah has introduced new eligibility options for its Golden Visa, providing more ways for individuals to secure long-term residency. Beyond traditional categories, you may now qualify if you meet any of the following criteria:
- Retirees with a minimum monthly pension of AED 20,000
- High-net-worth individuals holding assets of at least AED 10 million.
- Family members of investors or entrepreneurs who have invested at least AED 10 million within Ras Al Khaimah.
This expanded program highlights Ras Al Khaimah’s aim to attract diverse talents and investors, contributing to the emirate’s growth and development.
Read more: How To Get a Ras Al Khaimah Golden Visa
Obtain Your Dubai Golden Visa Now with Shuraa!
It is no surprise that the UAE economy is flourishing. With the addition of Golden Visas, it’s the hub for individuals to thrive and accomplish much more. Obtaining your Golden Visa might seem taxing, but Shuraa can help smoothen and speed up the process. We will take care of the entire process with the help of our expert business setup consultants and PROs.
Shuraa is one of the leading business setup companies in the UAE. For over 23+ years, we have been helping entrepreneurs form and maintain their businesses in the country. Our expert consultants will guide you through applying for your visa, understanding all you need to know about the visa, and gaining approvals from the authorities.
Ready to secure your Golden Visa? Let Shuraa’s team of experts guide you through the process! Reach out to us at +97144081900 or WhatsApp at +971507775554.
Have any questions? Email us at [email protected] and start your journey toward long-term residency in the UAE.
Frequently Asked Questions
Q1. Who qualifies for a long-term residency visa in Dubai?
Both investors and entrepreneurs can apply for a 10-year residency visa in Dubai, commonly known as a Dubai investor visa.
Q2. What is the minimum investment required for long-term residency in Dubai?
A minimum investment of AED 2 million is necessary for obtaining a 10-year Golden residency visa.
Q3. Can investor visas be used for employment in Dubai?
Investors holding a valid UAE residency visa can reside, work, and sponsor family members in Dubai.
Q4. What is the typical processing duration for the UAE Golden Visa?
The processing time for a UAE Golden Visa varies based on the visa category. However, generally, it takes between 3 to 6 months to process.
Q5. Who Qualifies for a UAE Golden Visa?
Eligibility for the UAE Golden Visa depends on the visa category you’re applying for. Nonetheless, general requirements include:
- Being a non-UAE citizen.
- Holding a valid passport.
- Maintaining a clean criminal record
- Fulfilling the particular criteria for your visa category.
Q6. How to Apply for a UAE Golden Visa for Engineers?
To apply for a Golden Visa in Dubai, UAE, specifically for engineers, you need to satisfy the following criteria:
- You must be a non-UAE citizen.
- Possess a valid passport.
- Maintain a clean criminal record.
- Hold a bachelor’s degree in engineering experience.
- Accumulate at least 5 years of engineering experience.
- GET a job offer from a company in the UAE.
Q7. How to Apply for a UAE Golden Visa for doctors?
To apply for a Golden Visa in the UAE, specifically for doctors, you need to fulfil the following criteria:
- Non-UAE citizenship is required.
- A valid passport is necessary.
- Maintaining a clean criminal record is essential.
- A medical degree from a recognised university is mandatory.
- Holding a valid license to practice medicine in the UAE is required.
- Accumulating at least 5 years of experience in the medical field is necessary.
