Unlocking the Benefits of Dubai Golden Visa: A Guide to Eligibilities, application and Benefits
If you’re thinking about investing in Dubai or have already invested in the city, then you might have heard about the Dubai Golden Visa. This visa allows foreigners to live, work and study in Dubai without the need for a sponsor. So, what exactly is a Dubai Golden Visa and why is it so popular among investors?
Dubai Golden Visa: What is it?
Dubai Golden Visa, also known as Golden visa UAE, is a residency visa that allows foreigners to live and work in Dubai for up to 10 years. The visa is issued by the Federal Authority for Identity and Citizenship (ICA) and is available to real estate investors, public investors, innovators, entrepreneurs and specialized talents.
What are the benefits of a Dubai Golden Visa?
- Long-Term Residency:
The golden visa UAE allows you to stay in Dubai for up to 10 years, which is significantly longer than the typical tourist visa. This provides you with ample time to settle down and explore business opportunities in the UAE without worrying about the hassle of visa renewals.
- Work Permit:
With a Golden visa UAE, you can work in Dubai without the need for a separate work permit. This means that you can explore various job opportunities in Dubai.
- No Income Tax:
This is a huge advantage for investors and entrepreneurs who are looking to maximize their profits. By not having to pay income tax, you can reinvest your earnings and grow your business or investments further.
- Business Opportunities:
The UAE has a business-friendly environment, and the government offers various incentives for entrepreneurs and investors. By obtaining a Dubai Golden Visa, you can take advantage of these opportunities and grow your business.
- Family Sponsorship:
The UAE Golden Visa program allows you to sponsor your spouse, children and parents for residency visas.
Who is eligible for a Dubai Golden Visa?
There are several categories of individuals who are eligible for a Golden Visa:
- Investors: Foreign investors who have invested in Dubai can apply for the visa. The investment must be in one of the following categories:
- Real estate investment of AED 2 million* or more
- Public investments of at least AED 2 million*
- Investors paying the government AED 250,000* or more annually.
- Entrepreneurs: Entrepreneurs who have set up a business in Dubai can apply for the golden visa. The business must be innovative and add value to the UAE economy.
- Specialized talents: Individuals who have specialized talents in the fields of science, medicine and research can apply for the golden visa.
How to apply for a golden visa UAE?
The Dubai Golden Visa application process involves several steps, including:
- Apply through a visa provider: You can apply for a Golden Visa through a visa provider such as a real estate agency in Dubai.
- Submit required documents: You will need to submit the required documents, such as your passport, visa application form, and proof of investment.
- Medical tests: You will need to undergo medical tests and obtain a health certificate.
- Emirates ID card: You will need to obtain an Emirates ID card.
- Receive approval: Once your application is approved, you will receive your Dubai Golden Visa.
In conclusion, Golden Visa UAE is an excellent opportunity for investors, entrepreneurs and specialized talents to live, work and study in Dubai without the need for a sponsor. If you’re interested in applying for a Dubai Golden Visa, make sure to follow the guidelines and meet the eligibility requirements. Consult with a Golden Visa consultant or a leading real estate agency in Dubai to guide you through the process. Invest in Dubai today and enjoy all of the benefits of Dubai Golden Visa.
