What if I told you that you could enjoy 10 years of residency in Dubai without annual renewal hassles and without needing any local sponsor? Sounds too good to be true? It is not. It is a real, 100% achievable opportunity in Dubai, thanks to the golden visa.
The Dubai golden visa, one of its kind, is a special residency program launched by the UAE government. It allows individuals from different backgrounds to come, settle and build a luxurious life in Dubai.
It is a golden ticket that lets you become a part of Dubai’s growing economy. In this blog, we will understand the process of getting the golden visa, explore its major types, and look at the golden visa Dubai cost in detail.
What is a golden visa in UAE?
Golden visa is a 10-year residence visa that can be obtained by eligible foreigners. It includes entrepreneurs, business owners, investors, students, content creators, skilled professionals, humanitarian heroes, teachers, and many other categories.
The visa is not dependent on a local sponsor and allows its holder to enjoy some exclusive rights while living in Dubai, such as access to government services, the ability to sponsor family members, and much more.
Types of golden visa Dubai
There are many kinds of the golden visa available in UAE. To make the residency program all-inclusive, the government has introduced many categories of golden visa under each, which people from different eligibility can apply as per their suitability.
The golden visa Dubai cost and the legal requirements may also vary based on the category you are applying for.
Here are the types of golden visa in Dubai:
Public investor golden visa:
Golden visa in Dubai can be issued to those who have a minimum of AED 2 million investment in a UAE-authorized fund or a valid commercial/industrial business license.
The applicant must submit the letter from the Federal Tax Authority confirming annual payments of at least AED 230,000 to the government. Also, such investment should not be made from a loan.
Real estate investor golden visa:
For individuals who have an investment in Dubai-based property whose worth is at least AED 2 million may also be eligible for a golden visa. In such cases, if the property is purchased from a loan, then that loan must be from UAE-authorized banks only.
Entrepreneur golden visa:
Entrepreneur who has an innovative and technical project with a minimum value of AED 500,000 can also get a golden visa. Such value must be confirmed through a letter from relevant Dubai authorities.
Skilled professionals golden visa:
Highly skilled professionals belonging to various fields such as medical, IT, engineering, management executives can also get a 10-year golden visa. Such professionals must be drawing at least AED 30,000 monthly salary, must have at least a bachelor’s degree in relevant field, and must hold a valid employment contract.
Humanitarian pioneers golden visa:
Someone who has achieved something exceptional in humanitarian cause may also be eligible for a golden visa. They must have at least 10 years of experience working with regional or international organisations, with civil associations and institutes of public interest, must have been recipient of humanitarian awards, or must have contributed at least AED 2 million or its equivalent to such causes.
Student golden visa:
Outstanding students performing well in academics are also issued golden visa in Dubai if they meet some eligibility. High school students must have a minimum 95% grade and recommendation letter from the Ministry of Education. University students must have a GPA of 3.5 and a graduate certificate attested by the Ministry of Education.
Athlete golden visa:
If you are a fitness person or a sports person, you must have a letter from the General Sports Authority or Sports Council, and you can obtain a golden visa Dubai.
Golden visa Dubai cost
There are many elements involved in Dubai golden visa cost. The price of golden visa Dubai under property investment can be around AED 12,000*, government cost.
Here are some of the factors included in Dubai golden visa cost:
Golden visa application fees:
For application and processing of golden visa, you may have to submit payment at the time of application.
Medical test fees:
You need to pass medical check-ups to ensure you are healthy to stay in UAE.
Emirates ID fees:
All residents of UAE must get Emirates ID, and there would be fees associated with applying for one.
Health insurance:
A medical coverage may be needed, and its fees will be included as a component of overall golden visa Dubai cost.
Document attestation:
Attestation charges for professional or educational documents from relevant ministries may include fees.
Translation:
Documents in foreign languages need to be translated into Arabic and typed as per UAE format.
Please note that golden visa Dubai cost varies based on specific category you apply for. It is better to consult experts for detailed assistance.
Documents needed for golden visa application
Here are the general documents needed for the golden visa Dubai:
- Copy of valid passport
- Colored recent passport-sized photo
- Detailed CV
- Bank statements
- Current residence visa copy (if any)
- Emirates ID copy (if any)
- Medical fitness report
- Medical insurance policy
- Clear criminal record certificate
- Category supporting documents, such as education and professional certificates, investment proof, etc.
- Additional documents as may be asked by the authorities
It is always advisable to consult experts for more accurate and safe documentation.
How to apply for golden visa Dubai
Here are the steps for obtaining a golden visa in Dubai:
1. Check your eligibility:
Determine which category of the golden visa you are eligible for and ensure that you meet all the legal requirements and criteria.
2. Documentation gathering:
For a smooth golden visa application, prepare all the required documents in advance so the application process goes without obstructions.
3. Apply for the golden visa:
You can apply for the UAE golden visa through the official immigration portal, or you can get assistance at an authorized typing center.
4. Medical assessment and Emirates ID application:
As part of the visa process, you must pass medical fitness tests at designated health centers and also apply for the Emirates ID.
5. Visa approval and issuance:
After you apply for the golden visa, your application will be reviewed by the authorities. Once it passes the assessment, your golden visa will be successfully granted to you.
Benefits of Dubai golden visa
There are many benefits of holding a Dubai golden visa, including:
- Enjoy 10 years of residency in one of the most thriving nations in the world.
- Sponsor your spouse, children, and parents with ease.
- No need for a local sponsor, full independence in your residency status.
- Stay outside the UAE for more than 6 months without affecting your residency status.
- Get easy access to Dubai’s world-class healthcare, education, and utility services.
- Be part of a thriving and affluent lifestyle.
- Start and get 100% ownership to your business in the UAE.
To conclude
The Dubai golden visa serves as a key to a world of opportunities in the Emirates. Understanding golden visa Dubai cost, process, and requirements can help you navigate the application smoothly. While the process is straightforward, it is essential to be diligent to avoid delays and ensure approval.
Dubiz Business Setup has been assisting individuals in securing their golden visa in Dubai successfully. They handle all the details, ensuring your application is accurate. You can contact them to learn more about their golden visa services in Dubai.
