Golden Visa UAE Benefits: How To Get Dubai Golden Visa?

Published on October 13 | Blogs

Are you willing to invest in a prosperous country and enjoy numerous benefits? Then the United Arab Emirates would be the perfect place for you to invest and start a new life. The UAE is one of the most thriving countries and is known to be the center of the new world, especially for foreign nationals in Dubai; a city with warm temperatures for most of the year, safe living conditions, sophisticated infrastructure, and one of the best banking systems in the world.

The UAE is a country offering the future; by the future, we’re talking about Dubai. As many have already been calling it the city of dreams, Dubai is a city that flaunts all types of properties and societies, carving the way to the future by turning everyone’s dreams to invest in their lives and change their future into a reality.

The Federal Authority for Identity, Citizenship, Customs and Port Security provides information and assistance related to visa inquiries in the UAE.

What if we can tell you that you can call Dubai, the world’s luxury capital, your home? With UAE’s Golden visa, you can call Dubai home and enjoy numerous unmatched benefits. This blog will take you through how to acquire such a golden visa passes you, what you need to be eligible for it, and more.

What is the UAE Golden Visa and its latest updates?

Golden Visa benefits allow foreign talents to live and work in the UAE for five to ten years. UAE Golden Visa program was introduced in 2019 to allow anyone from any country, who is eligible to apply for it and enjoy many benefits. This golden visa route provides a pathway for residency through investment programs, similar to those in European countries and Malta. Furthermore, in April 2022, HH Sheikh Mohammed bin Rashid Al Maktoum, UAE’s Vice President, Prime Minister, and Governor of Dubai, announced that the program is already benefiting the country’s economy.

That’s why in October 2022, the government updated the golden visa rules to simplify the steps and expand the categories eligible for applying under a new set of regulations. However, it is important to note that the UAE Golden Visa does not lead to UAE citizenship, which has strict requirements and a long duration to qualify. Extra advantages for family members of Golden Visa holders include staying in the UAE for the full span of the golden residency even if the original holder passes away. A prolonged duration of up to six months after the expiry or cancellation date.

Golden Visa holders may now have any number of their domestic helpers and workers under the new rule. Finally, the amount of investment in real estate and other fields to obtain a golden visa has been lowered to AED 2 million. In light of these newly updated regulations, more people will have the chance to live in the UAE and call it home without needing a sponsor. Additionally, medical insurance is a mandatory requirement for obtaining residence permits in the UAE.

UAE's Golden Visa Holder Can:

First of all, it offers long-term residency ranging from five to ten years.
One of the primary benefits is life security. By acquiring a golden visa, you will have a sense of security in living your life in a well-organized and secure country that provides everything you need for you and your family.
Having a golden visa and a valid driver’s license from your home country allows you to access UAE’s driver exam directly without having to take extra time-consuming driving classes.
Anyone can apply for it from any country with no age restrictions.
Once you get it, it can be easily renewed if you are still eligible for it.
A substantial advantage for UAE Golden Visa holders is that once you have it, you don’t need to rely on a sponsor to safely work or stay in the city.
Requirements for a golden visa UAE do not require that you stay in the country for a long term residence visa for a specific period of time. You can travel for more than six months and still have your visa.
Only the applicant is allowed to access the DLD Cube Center for processing residency procedures, emphasizing the necessity of the applicant's physical presence in the UAE to complete their Investor Visa application.

In addition to that, there are specific benefits of a golden visa for individual emirates. For example, Dubai provides the significant benefits:

A driver’s license for golden visa holders who have a driver’s license from one of 32 approved countries, including the UK, Australia, Italy, the US, Saudi Arabia, South Africa, New Zealand, Spain, Qatar, Kuwait, and Ireland
HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has announced that a 10-year residency Golden Visa will be granted to exceptional immigrant students and their families in Dubai and that they will also be offered discounts to complete their higher education in multinational international university branches here in Dubai.
Some categories of Dubai’s golden visa holders will be given the Esaad privilege card, which offers many benefits.
Golden visa insurance ranges from AED 2000 to AED 50000, depending on several factors such as age and health, for one year and can be renewed yearly.

Who Can Apply for a Golden Visa?

Investors: Real estate investors can acquire the UAE’s golden visa by purchasing a property or an off-plan deal that is worth at least AED 2 million. Investors who contribute a minimum amount to an accredited investment fund can be granted a Golden Visa for a duration of 10 years without a sponsor. Additionally, an investor must submit a letter from an accredited investment fund detailing a deposit amount to qualify for a residency permit without a sponsor.
Entrepreneurs: It is feasible for real estate entrepreneurs to apply for a residence visa and get a UAE golden visa under certain conditions.
Scientists: Scientists and researchers with high achievements and impact in the world class in their field can apply for a golden visa by acquiring recommendations from the Emirates Scientists Council.
Professionals: Professionals or highly-skilled workers with high educational qualifications and professional experience.
Outstanding students and graduates: Outstanding students and high achievers in the UAE’s secondary school system, university students with high academic performance, and outstanding graduates from the UAE’s universities, are eligible to apply.
Humanitarian pioneers: Distinguished members of international or regional charitable organizations, or those who are members of institutions of public benefit.
Frontline heroes: Healthcare personnel and any other frontline workers during the pandemic.

UAE Golden Visa Requirements

The new updates to the UAE golden visa eligibility now apply to professionals in all fields and investors under certain conditions. For professionals, multiple entry visa eligibility conditions are as follows:

The applying candidate must have a valid job contract in the UAE. The candidate must also complete biometrics and apply through the General Directorate of Residency and Foreigners Affairs.
The applying candidate must be ranked in the first or second occupational level per the Ministry of Human Resources and Emiratisation classification.
The applying candidate must have a minimum educational level and must hold a bachelor’s degree or equivalent.
The applying candidate must have a monthly salary of at least AED 30,000.

Golden visa UAE requirements for investors who are willing to invest in Dubai’s real estate and take their place in the future are that they have to fulfill one of the following:

Own one or more properties worth at least AED 2 million. A UAE Good Conduct certificate addressed to the Dubai Land Department is required.
Purchase a property using a loan from specified local banks.
Purchase completed or off-plan properties worth at least AED 2 million from a list of authorized local real estate companies. Investors must also prove a minimum payment of AED 250,000 to the Federal Tax Authority.

Additionally, investors must obtain a letter from the Federal Tax Authority stating compliance with tax obligations to affirm that their contributions to the tax system meet specified thresholds.

Application Process

The application process for a UAE Golden Visa is relatively straightforward. Here are the steps involved:

Gather the Required Documents: Depending on the category of visa you are applying for, the required documents may vary. Generally, you will need a valid passport, a clean criminal record, a medical examination report, a financial statement, and a letter of recommendation.
Fill Out the Application Form: The application form can be downloaded from the UAE government’s website or obtained from a UAE embassy or consulate. Ensure all information is accurate and complete.
Pay the Application Fee: The application fee for a UAE Golden Visa varies depending on the category. Generally, the fee is AED 1,100, with an additional AED 10 for Knowledge Dirham and AED 10 for Innovation Dirham.
Submit the Application: You can submit your application online or through a UAE embassy or consulate. Ensure all documents are included and the application fee is paid.

By following these steps, you can successfully navigate the golden visa application process and take the first step towards securing your long-term residency in the UAE.

UAE Golden Visa Price and Validity

The price of a UAE Golden Visa varies depending on the category of visa you are applying for. Here is a breakdown of the general costs:

Real Estate Investor Visa: AED 2 million

Public Investor Visa: AED 5 million

Entrepreneur and Startup Owner Visa: AED 500,000

Exceptional Talents Visa: AED 500,000

Scientists Visa: AED 500,000

Skilled Professionals Visa: AED 250,000

Student Visa: AED 100,000

Humanitarian Pioneers Visa: AED 100,000

Doctors and Nurses Visa: AED 100,000

Exceptional Coders Visa: AED 100,000

The validity period of a UAE Golden Visa Dubai depends on the category of visa you are applying for. Generally, the validity period is either 5 or 10 years, providing long-term stability and security for golden visa holders.

Types of UAE Golden Visa

The UAE Golden Visa has several categories, each tailored to different types of applicants:

Investor Visa: For individuals who invest in real estate or public investments in the UAE.
Entrepreneur and Startup Owner Visa: For individuals who establish or own a business in the UAE that creates at least 10 jobs for UAE nationals.
Exceptional Talents Visa: For highly skilled individuals in fields such as science, medicine, education, or sports.
Scientists Visa: For highly qualified scientists with a PhD degree.
Skilled Professionals Visa: For individuals with a bachelor’s degree or higher and at least 5 years of experience in their field.
Student Visa: For students enrolled in a full-time degree program at a university in the UAE.
Humanitarian Pioneers Visa: For individuals who have made significant contributions to humanitarian causes.
Doctors and Nurses Visa: For doctors and nurses with a valid license to practice medicine or nursing in the UAE.
Exceptional Coders Visa: For highly skilled coders with a proven track record of success.

Each category is designed to attract and retain talent, ensuring that the UAE continues to thrive as a hub of innovation and excellence.

UAE Golden Visa Extension and Cancellation

The UAE Golden Visa Dubai can be extended for an additional 5 or 10 years, provided you continue to meet the eligibility requirements. To extend your golden visa, you will need to submit an application to the UAE government and pay the applicable fees. The extension process can be completed online or through a UAE embassy or consulate.

If you need to cancel your UAE Golden Visa, you will also need to submit an application to the UAE government and pay the applicable fees. The cancellation process can be done online or through a UAE embassy or consulate. It is important to note that the visa can be canceled if you violate the terms of the visa or if you are convicted of a crime.

By understanding the extension and cancellation processes, you can ensure that your golden visa status remains in good standing, allowing you to continue enjoying the benefits of long-term residency in the UAE.

Real Estate Investor Companies in Dubai

Looking for a real estate company that can help you get a Golden Visa in Dubai? In this case, a well-known Dubai-based company can help you achieve all of that and more in the city of dreams and the land of opportunities. Sobha Realty offers you different projects with different budgets, making you a golden visa candidate.

The UAE Golden visa has been helping many individuals from different fields of life to gain 5-10 years of residency! People who meet the UAE golden visa requirements can apply for the same or look for routes that allow them to buy an apartment in Dubai.

Real Estate in Dubai is a thriving and prosperous sector, with great business opportunities and for investors to earn high rental yields. Don't hesitate to contact us at Sobha Realty and let us show you the route to success and help you change your life by securing the future for you and your family.

Frequently Asked Questions (FAQs)

What are the benefits for UAE's golden visa holders?

The UAE's Golden Visa program introduces significant benefits for expatriates. The new visa permits expats to reside, work, and study in the UAE without requiring a national sponsor. Additionally, it grants them the privilege of 100 percent ownership of their business in the UAE. This initiative underlines the myriad of Golden Visa benefits, offering greater freedom and opportunities for those seeking to establish their lives and careers in the Emirates.

How much is UAE's golden visa price?

For applicants in the UAE, the Dubai Golden Visa will cost between AED 2,800 and AED 3,800, but for applicants outside of the UAE, the Golden Visa will cost between AED 3,800 and AED 4,800.

Do golden visas include families?

Golden Visas include family members, dependents, and senior employees, depending on the nature and eligibility of sponsorship within each visa category.

How long does it take to get a UAE golden visa?

After successfully submitting the required documents and completing the medical assessment, it takes three to five working days.

How long can I stay outside of the country?

Golden Visa holders can stay outside of the UAE for prolonged periods of time which can be more than 6 months without affecting their golden visa holder status. There are no limitations for time spent outside the UAE.