If you are considering moving to the United Arab Emirates (UAE), you may want to explore the option of obtaining a golden visa. A golden visa is a long-term residency visa that offers several benefits to individuals, including the right to live and work in the UAE without the need for a national sponsor. In this blog post, we will discuss all you need to know about the golden visa UAE, including its benefits, disadvantages, and how to apply for it.
What is a Golden Visa UAE?
The golden visa UAE is a long-term residency visa that allows foreigners to live and work in the UAE without the need for a national sponsor. The visa is valid for five or ten years and can be renewed upon expiry.
Benefits of Golden Visa UAE
There are several benefits of obtaining a golden visa UAE. These include:
- No National Sponsor Required: With a golden visa, you do not need a national sponsor to live and work in the UAE. This gives you more freedom and flexibility in your career choices.
- No Need for Visa Runs: A golden visa allows you to stay in the UAE for extended periods without the need for visa runs.
- Investment Opportunities: To obtain a golden visa, you need to meet specific investment requirements. This can open up investment opportunities in the UAE.
- Access to Healthcare and Education: With a golden visa, you have access to healthcare and education facilities in the UAE.
- Residency for Family Members: Golden visas can also be obtained for family members, including spouses and children.
Disadvantages of Golden Visa UAE
While there are several benefits of obtaining a golden visa UAE, there are also some disadvantages to consider. These include:
- Investment Requirements: To obtain a golden visa, you need to meet specific investment requirements, which may not be feasible for everyone.
- Renewal Requirements: Golden visas need to be renewed upon expiry. This means that you need to maintain your investment and residency status to be eligible for renewal.
- No Path to Citizenship: A golden visa is a residency visa only and does not lead to citizenship.
Who can apply for the UAE Golden Visa?
To apply for a golden visa UAE, you need to meet specific investment requirements. These include:
- Property Investment: You can obtain a golden visa by investing in villa, apartment, townhouse or any luxury property in the UAE. The investment must be worth at least AED 1 million.
- Business Investment: You can also obtain a golden visa by investing in a UAE-based company. The investment must be worth at least AED 10 million.
- Financial Investment: You can also obtain a golden visa by depositing at least AED 10 million in a UAE-based bank.
Once you have met the investment requirements, you can apply for a golden visa through the General Directorate of Residency and Foreigners Affairs (GDRFA) in the UAE.
UAE Golden Visa Requirements
In addition to the investment requirements, there are other requirements you need to meet to be eligible for a golden visa UAE. These include:
- Clear Criminal Record: You must have a clear criminal record to be eligible for a golden visa.
- Valid Passport: You must have a valid passport with a minimum validity of six months.
- Health Insurance: You must have health insurance coverage in the UAE.
- Residency Status: If you are already residing in the UAE, you must have a valid residency visa.
For queries regarding visas, please contact Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) or the UAE’s embassies and consulates.
For Dubai visas, contact the General Directorate of Residency and Foreigners Affairs – Dubai (GDRFAD).
How to Get Golden Visa UAE
Getting a golden visa UAE can be a lengthy and complex process. However, with the right guidance and support, it can be a smooth and hassle-free experience. Here are some tips to help you get a golden visa UAE:
- Seek Professional Assistance: It is always a good idea to seek professional assistance when applying for a golden visa UAE. This will ensure that you meet all the eligibility requirements and complete the application process correctly.
- Research Investment Opportunities: Before investing in the UAE, it is essential to research investment opportunities to ensure that you make an informed decision.
- Maintain Residency Status: To be eligible for a golden visa UAE, you must have a valid residency status in the UAE. Ensure that you maintain your residency status to avoid any issues with your golden visa.
Investor Visa
1- Minimum 2 million value property or owned share
( one property or more ) under the applicant name
2- In case the property is mortgage, an Noc letter from the bank to issue a visa on the property and shows the paid and remaining amounts
Family Visa
1- Noc letter from the father, attested by the notary public (in case the mother is the sponsor).
2- Pledge that daughter or son over the age of 18 is not married
3- original passport and Emirates ID for the sponsor
4- Recent personal photo matching the requirements of the Emirates Identity Authority
5- Health Insurance
6- Marriage certificate attested
7- Birth certificate attested for children (males – females)
8- BAN bank account
9- Must Bring National ID for ( IRAN – PAKISTAN – IRAQ – LIBYA – AFGHANISTAN )
Parents Visa
1- National ID for ( IRAN – PAKISTAN – IRAQ – LIBYA – AFGHANISTAN )
2-Original passport and Emirates ID for the sponsor
3- Attestation certificate from the consulate certified
4- Recent personal photo matching the requirements of the Emirates Identity Authority
5- Health Insurance
6- Birth certificate attested
7- IBAN bank account
Note : Only applicant allowed to get in the center and it is not allowed to bring escorts or applying through a representative
Service fees for Golden Visa Holders
Medical Checkup: 700 AED
- This fee covers the cost of a comprehensive medical examination, which is a requirement for visa issuance. The checkup typically includes tests for communicable diseases and a general health assessment to ensure you are fit for employment or residency.
Emirates ID: 1043 AED (Valid for 10 Years)
- The Emirates ID card is a government-issued identification card that is mandatory for all UAE residents. This fee is for a 10-year validity period and covers the cost of the card, as well as the application process.
New Visa Application: 2785.75 AED (Valid for 10 Years)
- This is the cost of applying for a new visa that will be valid for a duration of 10 years. The fee includes the cost of the application process, visa stamping, and other associated administrative charges.
DLD (Dubai Land Department) Fees: 4020 AED
- The DLD fees are typically related to real estate transactions, such as purchasing property in Dubai. This fee is mandatory and goes to the government’s land department for administrative costs and services.
Administrative Fees: 1100 AED
- This fee covers additional administrative costs not covered by the other specific fees. These could include processing fees, document verification, and other miscellaneous charges that may arise during the application process.
Total Costs: 9648.75 AED
- The total cost for all the fees and applications comes to 9648.75 AED. This sum includes all the necessary governmental and administrative fees required for a 10-year visa and Emirates ID, as well as a medical checkup and property-related DLD fees.
Service Channel
Family Visa 10 Years
Fees : 5328.75 AED
File Opening for Dependent Visa – 318.75 AED
Parents Visa 10 Years
5328.75 AED
The driving license price for Golden Visa Holders
Obtaining a UAE driver’s license typically requires residents to attend theory classes prior to taking a driving test. Yet, Golden Visa holders with a driving license from one of the 32 approved countries enjoy an exemption from these lessons. This list includes countries like India, Pakistan, Greece, Ireland, Canada, Bahrain, Qatar, Romania, Saudi Arabia, and Australia.
Recently, Dubai’s Roads and Transport Authority (RTA) unveiled a new provision for Golden Visa holders, allowing them to acquire a Dubai driving license without the need for training classes. They only need to present their existing driving license from their home country and pass the road and knowledge test to secure a new Dubai driving license from RTA.
FAQ
What are the benefits of a UAE Golden Visa?
The UAE Golden Visa offers multiple benefits such as a long-term renewable residence permit, exemption from having a national sponsor, the ability to sponsor family members, and 100% ownership of businesses in the UAE for certain categories of applicants.
How much is a Golden Visa price in UAE?
The cost of a Golden Visa in the UAE ranges from AED 10,000 to AED 15,000 depending on various factors like the validity period and eligibility criteria.
Can you work on a Golden Visa in the UAE?
Yes, Golden Visa holders are allowed to work in the UAE. They are also eligible for 100% ownership of their businesses on the UAE’s mainland.
Can Golden Visa holders sponsor families?
Yes, Golden Visa holders can sponsor their family members including spouses and children, regardless of their ages.
Who qualifies for UAE Golden Visa?
The eligibility for a UAE Golden Visa varies for different categories such as investors, entrepreneurs, and specialized talents like doctors and scientists. Certain financial thresholds or professional achievements are also required.
How can I get UAE citizenship with the help of a Golden Visa?
The Golden Visa itself does not grant UAE citizenship; it is a long-term residency permit. However, it can be a pathway to establishing long-term residency in the UAE.
What is the UAE Golden Visa program?
The UAE Golden Visa program was launched to attract foreign talents and investments. It aims to enhance the UAE’s status as a global business and investment hub by offering a range of exclusive benefits to qualified individuals.
Can I live in Dubai permanently?
The Golden Visa provides a pathway to long-term, renewable residency in Dubai and other parts of the UAE, but it is not a permanent residency permit.
What is the GPA for UAE Golden Visa?
University graduates with a GPA score of 3.8 or more are among the categories of individuals eligible for a Golden Visa.
Can I buy a UAE Golden Visa?
There’s no direct “purchase” option for a Golden Visa. However, you can qualify through significant investment in real estate, a local business, or by depositing a certain amount in a local bank.
Who is eligible for UAE Golden Visa?
Eligibility criteria vary based on the category of applicant, which includes investors, entrepreneurs, and specialized talents among others. Certain financial or professional criteria must also be met.
How much is the 10-year Golden Visa fee?
The price for the 10-year Golden Visa is covered within the range of AED 10,000 to AED 15,000, depending on various factors.
What are the disadvantages of a Golden Visa in UAE?
While the sources didn’t explicitly list disadvantages, some may consider the financial and professional eligibility criteria as potential barriers.
Is Golden Visa permanent?
The Golden Visa is not permanent but is renewable. As long as you maintain the eligibility criteria, you can renew the visa every 5 or 10 years.
Conclusion
A golden visa UAE can offer several benefits to individuals looking to live and work in the UAE. However, it is essential to consider the investment and renewal requirements, as well as the potential disadvantages, before applying for a golden visa. By meeting the investment and eligibility requirements and seeking professional assistance, you can make the golden visa application process a smooth and hassle-free experience.
For more details, You can Check Website (Dubai Land Department)
Want To Invest In Dubai? |
|
| Luxury properties in Dubai | Villas for sale in Dubai |
| Apartments For Sale in Dubai | Plots for sale in Dubai |
