Introduced in 2019, the UAE Golden Visa is a unique long-term residency visa intended to draw and keep international experts, investors, and talent who can support the nation’s economic growth.
The Dubai Golden Visa allows some foreigners to live, work, and study in the UAE without needing a job sponsor, unlike regular UAE visas, which are typically linked to employment.
This long-term visa, which comes in five and ten-year renewable options, offers holders and their families a degree of security and stability that is uncommon for other visa categories in the area.
The UAE Golden Visa’s launch aligns with the government’s goal of creating an economic boom powered by international investors and highly qualified workers.
Residents benefit from longer stays, greater freedom to launch and run businesses, and the chance to settle down in one of the vibrant cities of the United Arab Emirates with this visa.
Golden Visa holders enjoy several benefits that make this visa option appealing to a diverse group of people:
The Golden Visa has some limitations, even though it has some attractive advantages:
Some groups are eligible for the UAE Golden Visa, each with its own set of requirements. The following lists the main eligibility criteria along with what each comprises:
The requirements for a Golden Visa in the United Arab Emirates differ according to the type of resident, including entrepreneurs, investors, and talent. These are the particular requirements for every category.
Business owners and entrepreneurs
Entrepreneurs who meet the following requirements and have a technological or innovative economic initiative can be granted a Golden Visa in the UAE for five years:
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Sheikh Zayed Road Dubai, United Arab Emirates P.O. Box 27614.
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Public investment fund investors
If they fulfill one of the following requirements, investors who place their money in an investment fund may be eligible for a 10-year Golden Visa without a sponsor:
Note that the Emirate of Dubai should issue the license. The applicable free zone must provide a “To Whom It May Concern Certificate” if a free zone or special development zone grants it.
Investors must also meet the following additional requirements:
Real estate investors
If they fulfill the following qualifications, people who own one or more properties can get a Golden Visa for ten years, renewed under the same terms and without a sponsor:
Previously, in order to be eligible for the Golden Visa, one had to pay half of the required property value, which was AED 1 million. Now that this requirement has been removed, real estate investors can now more easily obtain a prestigious visa.
Outstanding specialized talents
Professionals including physicians, scientists, artists, culturally creative people, innovators, CEOs, scientists, athletes, engineers, and scientists have all been classified as having exceptional specialized talents.
The list of subcategories along with their particular requirements is provided here.
Doctors and scientists
Physicians must fulfill these requirements:
To confirm the granting of the Mohammed bin Rashid Medal for Scientific Excellence, scientists require a recommendation letter from the Mohammed bin Rashid Medal for Scientific Excellence Secretariat or the Emirates Council of Scientists.
A recommendation letter from the Ministry of Economy declaring that the patent adds value to the nation’s economy is required of inventors.
Creative people in culture and art
The Department of Culture and Arts of the relevant emirate should provide a letter of approval to creative people in the arts and culture fields.
CEOs or managing directors want to do a company formation in Dubai, UAE
One of the following must be your occupation: manager, executive director, and board of directors president. Applicants in these categories are required to submit:
Athletes
A letter of reference from the General Sports Authority or a sports council is required for athletes.
Specialists in Engineering and Science
The requirements that follow must be met for this category:
Outstanding students and graduates
Students who are enrolled in majors or universities that need a study time longer than five years may be eligible to extend the Golden Visa’s term.
Outstanding students of foreign universities
If they fulfill the following requirements, exceptional graduates of international universities can get a 10-year Golden Visa without a sponsor:
Digital content creators and game developers
The Dubai Program for Gaming 2033 was started by the Dubai Government in an effort to draw in skilled and professional gamers as well as manufacturers of video games and digital products.
Modern infrastructure, networking and collaboration possibilities, training courses, and specialized events are all offered to gaming industry entrepreneurs and startups so they can expand.
Program participants are eligible to apply for a Dubai Golden Visa for a period of 10 years.
To receive this visa in the gaming business, you must meet the following requirements:
Dubai’s free zones where gaming businesses can register and get Golden Visas:
Pioneers of humanitarian work
A 10-year Golden Visa is available to humanitarian pioneers who fit into one of the following categories:
Frontline heroes
With nominations from a qualified authority, frontline heroes who have shown extraordinary efforts during emergencies, such as the COVID-19 epidemic, may be eligible for the Golden Visa in UAE. Heroes on the front lines include:
To be eligible for a Golden Visa UAE, a few prerequisites must be met. These consist of:
Choose the appropriate visa category, such as frontline heroes, investors, real estate investors, entrepreneurs, students, specialized skills, or humanitarian pioneers.
Gather all the paperwork required by the UAE government for your selected category, such as academic records, recommendation letters, documentation related to investments or real estate, or evidence of achievements.
To begin the application process, bring your prepared paperwork to an Amer office, a designated government service center.
Send in the necessary fees for the Golden Visa application.
Depending on your selected category and other variables, the approval procedure may take anywhere from 72 hours to 30 days.
Before submitting an application for a Golden Visa service in the UAE, complete the steps to cancel any current residence visas you may have.
Provide the required information, including passport data and any other information requested, and submit your visa application.
You will receive the required residency status as soon as the visa is authorized and issued electronically.
Consider seeking the advice and assistance of qualified experts in this area if you want the application and obtaining of your Golden Visa to be as simple and fast as possible.
The cost of the Golden Visa in Dubai varies according to the applicant’s category and length of stay. The prices and service charges for its ten-year edition are broken down as follows:
The UAE government issues the Emirates ID, a mandatory identity card, to all citizens. This amount includes all processing and issuance fees for the ID card with a 10-year validity.
This cost covers a required medical examination that checks for communicable diseases and evaluates your overall health. This health evaluation is necessary to verify eligibility for residency or work in the United Arab Emirates.
The Golden Visa application process in Dubai, which grants 10-year resident status, is subject to this charge. It covers visa stamping, application processing, and other associated administrative costs.
The Dubai Land Department receives this required charge from real estate investors in order to pay for official documents and property registration, among other administrative costs related to real estate transactions.
Any additional administrative expenses not covered by other particular fees are included in this sum. It includes processing fees, document checks, and other additional costs that can come up while applying for a Golden Visa in Dubai.
For Golden Visa holders, this sum guarantees full compliance with UAE residency regulations.
The cost of a fresh medical examination, the renewal of an Emirates ID, and additional processing fees are among the costs that holders of this elite visa may have to pay while renewing their visa. Additionally, the price of UAE health insurance, which has a minimum basic coverage of 800 AED, must be taken into account.
You will need to cancel your current visa once your Golden Visa is accepted. Depending on the authority, the average cancellation cost is 500 AED.
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A 10-year Golden Visa (investor) costs AED 9,648.75 in total. The new visa, Emirates ID, medical examination, DLD costs, and administrative fees are all included.
Yes, Golden Visa holders can sponsor their spouse, children, and, in some cases, parents, depending on the applicant's profile and the specific rules of the issuing emirate.
Yes, the Golden Visa can be renewed upon meeting certain conditions. The duration of the visa is typically 5 or 10 years, depending on the applicant's category.
Yes, Golden Visa holders are allowed to work in the UAE without the need for an employer-sponsored work permit, as the visa grants them residency rights.
Yes, investors can obtain a Golden Visa by purchasing property in the UAE, provided it meets the required investment criteria. The property can be residential, commercial, or industrial.
Office No 20, 4th Floor, Al Moosa Tower 2,
Sheikh Zayed Road Dubai, United Arab Emirates P.O. Box 27614.
+971 4 824 4842
info@jsbincorporation.com