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Guide to Apply for UAE Golden Visa | Here’s Why It’s Worth Investing!

Guide to Apply for UAE Golden Visa | Here’s Why It’s Worth Investing!

Guide to Apply for UAE Golden Visa

Your Ultimate Guide to Apply for UAE Golden Visa

Obtaining permanent residency in UAE is now possible. The announcement of Golden Visa UAE has left expatriates with a new sense of security since it allows its holders to stay in the UAE for 10 years. The new rules and the latest changes to the eligibility criteria allow more individuals to apply for Golden Visa. Here is everything you need to know about Dubai Golden Visa and why should you apply for it.

What is a UAE Golden Visa?

What is the Dubai Golden Visa

UAE Golden Visa is a long-term residency visa that will allow foreigners to reside, work and study in the UAE for 10 years. Dubai Golden Visa doesn’t require its holders to have an employer sponsorship and doesn’t need to be renewed after two or three years. Apply for Golden Visa Dubai if you fall under one or more of the following categories:

  • Investors
  • Exceptional Talents
  • Entrepreneurs
  • Scientists And Professionals
  • Graduates
  • Outstanding Students
  • Frontline Heroes
  • Humanitarian Pioneers

Investing in real estate in Dubai is also a great way to secure long-term residency in the UAE. You can buy properties in Dubai or can invest in an off-plan real estate project valued at least 2 million AED.

Duration of the UAE Golden Visa:

Duration of the UAE Golden Visa:

Under the new guidelines, the UAE Golden Visa is valid for 10 years (instead of 5 years). Golden Visa holders can also stay outside of UAE for more than six months which wasn’t the case with the short-term residency visa. They are also entitled to a multiple entry visa for six months to complete their Golden Visa procedures in the UAE.

Why is it Worth Investing in?

With a UAE golden visa, you can sponsor the residency of your family members and dependents, without the need for an individual employer to act as a sponsor. You can also sponsor an unlimited number of domestic support staff. You can stay outside of the UAE for more than six months and the dependents will be able to stay in the UAE even in the event of the death of the original Golden Visa holder. Their residency will expire with the expiry of their originally permitted duration and not before that. This visa is also renewable after 10 years.

The aforementioned benefits have sparked the interest of expatriates residing in the UAE since they don’t have to leave the country in case they lose their employment.

Dubai Golden Visa Benefits:

The Dubai Golden Visa program offers many benefits. Here are some of the key advantages:

  • The Golden visa UAE offers a six-month entry visa allowing individuals to engage in various activities in the UAE.
  • It offers a long-term renewable residence visa valid for 5 or 10 years that allows individuals to live and work in the UAE without the need for a national sponsor.
  • The UAE is a hub for business and offers many opportunities for entrepreneurs and investors and the Dubai real estate market offers great and money-making investment opportunities.
  • The UAE has a world-class education system and offers many opportunities for innovators and a high-quality healthcare system that is accessible to residents.

What is Golden Visa Scheme of UAE? Who is eligible for the 10 year residency in UAE?

So, the Golden visa scheme in the UAE is a pretty splendid initiative. Basically, it’s a long-term visa that allows people to stay in the UAE for up to 10 years. And the best part is, you don’t need to renew it every year like the regular visa.

Now, as for who’s eligible for this lucrative deal, it’s mostly for investors, entrepreneurs, and other high-net-worth individuals who can contribute to the economy. So, if you are considering to investing in UAE or have a business idea that is going to create jobs and boost the economy, you might be able to get your hands on a Golden visa.

Also, it’s not just for the big shots. There are also categories for talented individuals in areas like science, art, and culture, as well as students.

How much is UAE Golden Visa?

The cost of a UAE Golden Visa depends on which category you are applying to. Applicants currently residing in UAE will have to spend somewhere between 2,800 – 3,800 AED to secure a 10-year long Golden Visa. Applicants from outside of the UAE will have to pay between 3,800 – 4,800 AED.

There are other miscellaneous costs as well such as the health check-up fee and processing fee of Emirates ID which will be around 1,000 AED. Applicants will also need to pay for health insurance (if they already do not have one), the cost of which starts from 800 AED. Moreover, there is an application/service fee of 150 AED as well.

Golden Visa for Property Investors in Dubai

Dubai’s real estate market is highly dynamic and attracts investors from all over the world. Golden Visa UAE also known as Dubai Golden Visa is an exclusive residency visa that allows global expats and real estate investors to live and work in Dubai, the United Arab Emirates (UAE) for a period of 10 years.

What is Golden Visa Scheme of UAE?

To qualify for the Golden Visa, real estate investors must invest in a property in UAE that is worth at least AED 2 million*.

Once the property has been purchased, investors can apply for the Golden Visa, which allows them to live and work in Dubai for up to 10.

In addition to the Dubai Golden Visa, property investors in Dubai also enjoy other benefits, such as tax-free income, high rental yields, and capital appreciation.

Overall, the UAE Golden Visa for property investors in Dubai is a great opportunity for those looking to invest in a stable and lucrative real estate market, while also gaining residency in the UAE.

The UAE Golden Visa Program:

The UAE Golden Visa Program is a long-term residency visa that offers eligible individuals and their families the opportunity to live, work and study in the UAE without the need for a national sponsor.

The program was introduced in 2019 and has since attracted many foreign investors, entrepreneurs and talented professionals to the country.

The Dubai Golden Visa Program is open to three main categories of individuals:

  1. Investors: those who invest a minimum of AED 2 million* in the UAE can apply for a 10-year residency visa.
  2. Entrepreneurs and businesspeople: those who establish a company in the UAE with a minimum capital of AED 500,000 or have a prior business track record can apply for the golden visa.
  1. Talented professionals and Outstanding Students: those who excel in fields such as science, medicine, and engineering and those who have achieved a grade point average of 3.8 or above in the UAE or internationally can apply for the UAE golden visa.

To apply for the Golden Visa, applicants must meet the eligibility criteria for their respective category and provide supporting documents. The process involves submitting an application through the relevant authorities, paying fees and undergoing background checks.

In conclusion, the UAE Golden Visa Program is an attractive option for foreign investors, entrepreneurs, talented professionals and outstanding students looking to live and work in the UAE. The program offers a range of benefits and is relatively straightforward to apply for, making it a popular choice for those seeking long-term residency in the country.

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