We all know Dubai is a city where people love to work and spend the rest of their lives. This is because of the huge amount of opportunities. To make this happen the government introduced a golden visa Dubai.

Are you someone who loves to make Dubai your second home? If yes, hang on. You are on the right page. 

In this blog, we will give complete details about the golden visa and its procedure.

Let us Start!

What’s a Dubai Golden Visa?

The UAE introduced long-term resident visas for certain individuals. It is offered to investors, business owners, experienced workers, professionals, specialists, and those with outstanding abilities.

The UAE allows foreigners to live, work, do business, and study anywhere inside the country. Dubai Golden Visa does not require any local sponsor. Additionally, UAE law allows foreign investors and business owners to own 100% of their companies there.

They issue this visa for five years or ten years. Moreover, the visas are renewable. The country started issuing these visas in 2019. At that time to get an investor golden visa required AED 5 to AED 10 million.

The authorities made some changes to the Golden Visa from 3 October 2022 in order to increase the number of eligible classes and thereby attract more applications. 

Benefits Of Golden Visa Dubai

1. Permanent Residency:

One of the most significant benefits of a Golden Visa in Dubai is the ability to stay in the United Arab Emirates for a longer period of time.

2. Tax Optimisation:

Since there is no personal income tax in the UAE, you can keep more of your money from salaries, investments, and savings. This greatly improves your financial situation.

3. Visas for the whole family:

The primary applicants may sponsor their spouses and children. Along with that, a one-year visa can be issued to parents.

4. Getting an Esaad Privilege Card:

Esaad is a discount scheme in Dubai. Participants may receive exclusive discounts, bonuses, and offers of up to 70% at shops, clinics, services firms, and other businesses in the UAE and abroad.

5. Security and Safety:

As we all know, Dubai is the safest country and that’s why most foreigners want to stay there forever. Moreover, residents enjoy a secure environment because of low crime rates and a strong emphasis on safety. 

6. Allowing multiple entries

Golden visa holders are exempted from the requirement to be physically present in the UAE every six months.

Who is eligible to obtain a golden visa Dubai?

10-year golden visa eligibility

The applicant must meet at least one of the criteria listed below:

Investors:

  •  Required to deposit up to AED IO million in a UAE investment fund.
  • You must be an owner of an organization with a minimum capital investment of AED IO million 
  • Otherwise, you must be a partner for a company with a minimum AED IO million share value.

Along with one executive director and one advisor, this visa can also be extended to business partners, spouses, and kids. Moreover, scientists, specialists, doctors, coders, and other professionals with specialized skills in culture and art can also apply for the visa.

 5-year golden visa eligibility

Investors

  • You need to have invested at least AED 5 million into a property.
  •  The invested amount can’t be paid using a loan.
  • Ownership of the property must have lasted for at least three years.

Entrepreneurs 

  •  A project worth 500,000 AED should already be undertaken.
  • Your business must be approved as accredited.

Outstanding students with a minimum grade of 95% may also be eligible for this visa. Therefore, the family of the student is also qualified for the golden visa.

What Is The UAE Golden Visa Processing Time?

You must submit all the relevant paperwork to start the procedure. Within 48 hours it will be finished. You will get updates regarding the status of your visa via email only after 30 days. They will also verify your eligibility for the visa. You’ll receive another email with a link to upload the necessary visa paperwork after that has been resolved.

Finally, it will be verified by the Federal Authorities for Identity and Citizenship, and you will receive your visa.

What Is Dubai’s Golden Visa Price?

The Dubai Golden visa price depends on the kind of visa you are applying for. Moreover, it varies when you apply from outside the UAE. It comes between AED 3,800 and AED 4,800.

Whereas the price is between AED 2,800 and AED 3,800 when you apply within the country.

Pro Tip: Always remember the price of the Golden Visa UAE may vary at any time without prior notification. Therefore, it is better to choose the best consulting companies in Dubai. Because they are updated with all the latest information.

Conclusion

In conclusion, the Dubai Golden Visa program offers an excellent opportunity for entrepreneurs, investors, professionals, and exceptional students to start a new chapter in the thriving and successful city. The key is collaborating with consulting companies in Dubai to ensure that this shift goes smoothly and effectively.

Consult with Millennium Business Solutions to take the first step toward your golden future and allow your dream of living in Dubai to come true.