Who are the candidates getting qualified for a Dubai Golden Visa? Golden Visa is a Big Deal for an Entrepreneur, an Investor, a professional, or even a Student who is dreaming about long-term residency in the UAE. The main purpose of this Visa is to attract high talents and minds into businesses by granting 5 or 10 years of residency without the requirement of a local sponsor

In case you are planning the migration to Dubai or hearing out a business expansion, you should be aware of all benefits accrued for holding a Golden Visa for entrepunurers, the requirements under which one qualifies for it, and how one can apply for it. Now, time to dig in deep and learn everything about this coveted Visa.

What is the Dubai Golden Visa?

Golden Visa is a particular residency program the governmental authorities of the UAE have initiated to facilitate investors, business owners, and exceptional talents. In comparison to ordinary residency visas, it provides indefinite stability of terms, the benefit of ownership, and the multi-entry option. 

With this visa, a holder can reside and work or even study within the UAE with immense exclusive benefits. And certainly, the greatest benefit is the absence of any need for a local sponsor, which fits the profiles of independent professionals and business leaders perfectly.

Key Benefits of the Dubai Golden Visa

1. Long-Term Residency

Golden visas are more secure over time with 5- or 10-year terms. This prevents the hassle of renewing every two to three years, as with normal visas.

2. No need for a Local Sponsor

Unlike other UAE visas, the Golden Visa does not require a local sponsor, giving the individual complete freedom over his or her residency as well as his or her business.

3. 100% Business Ownership 

With the Golden Visa to investors, the potential exists for total ownership of a business, even on Dubai’s mainland, and this is a great blessing to every entrepreneur.

4. Family sponsorship

Holders of Golden Visas can sponsor their spouses, children, and domestic help, thus placing the option in the category of family-oriented endeavours.

Easy Entry & Convenient Travel

Visa holders can enter and exit the UAE at will and without any restrictions.

Access to Special Financial and Real Estate Opportunities

Golden Visa holders gain advantages, including priority banking, real estate investment advantages, and easier loan approvals.

Who Can Apply for a Dubai Golden Visa?

The eligibility criteria for the Dubai Golden Visa have been set to attract top talents in business, research, and other skilled sectors. Let’s look at the following main categories:

1. Investors

This is the kind of Golden Visa for investors who own:

• Real estate with a value of AED 2 million (mortgage possible).
• A minimum investment of AED 2 million in UAE-based businesses.
• AED 2 million in UAE-approved business fund.

2. Entrepreneurs

Small and medium enterprises (SME) in UAE where persons:

• Own a start-up.
• generates at least AED 1 million in revenue annually.
• venture is incubated by a UAE business incubator.

3. Skilled Professionals

The pound earns anyone working in the technology, engineering, or healthcare field, and they are eligible with the following: Have a valid employment contract in the UAE. Have a minimum monthly salary of AED 30,000. Have a degree in science, engineering, or medicine.

4. Scientists & Researchers

Scientists and researchers who are outstanding in science and technology might qualify if they:

• Have Ph.D. credentials from a highly-ranked global university.
• Are endorsed by the Emirates Scientists Council.
• Carry out state-of-the-art research or innovation.

5. Exceptional Talents

Artists, musicians, inventors, and media professionals qualify if they:

• Obtain an endorsement from a UAE cultural or government entity.
• Have internationally recognized accomplishments in their area of work.

6. High-Performing Students

• Students graduating from the top-10 UAE and/or international universities with a good grade point average are also eligible for the Golden Visa award.

How to Apply for a Golden Visa

The procedure for applying for the Golden Visa in the UAE is very easy. But here’s how to do it:

Step 1: Determine Your Eligibility Category 

Find out whether you are eligible under the following categories: investment, entrepreneurship, specialised profession, research, or exceptional talent.

Step 2: Compilation of Necessary Documents 

Documents will vary between categories, but the following are generally required: 

• Copy of passport 
• Proof of investments, ownership of business, or employment 
• Educational certificates (for professionals and students) 
• Results from the medical fitness test 
• Police clearance certificate 

Step 3: Application Submission 

Applications will be made as follows: 

• The UAE Federal Authority for Identity and Citizenship (ICP).
• The Dubai General Directorate of Residency and Foreigners Affairs (GDRFA)

Step 4: Carry Out The Medical & Security Checks

Medical fitness and background checks are mandatory for the approval process.

Step 5: Receive Your Golden Visa

The next step is the issuance of your Dubai Golden Visa, allowing you to enjoy its benefits.

Why Dubai Golden Visa is such a Smart Choice?

The Dubai Golden Visa is an excellent option for entrepreneurs and investors or skilled professionals who are seeking a long-term stay in the UAE. It permits a person to own a business in the UAE, derive a variety of financial benefits, and travel freely. Hence, it is one of the best available residency programs.

If you are ready to apply for your Golden Visa, contact our team today to get expert assistance and make your UAE residency journey seamless!