Unlock Opportunities with the UAE Golden Visa
Head of Legal Department
December 21, 2024
Overview
The UAE Golden Visa is a prestigious long-term residency program designed to attract global talent, investors, and professionals. This exclusive visa grants qualified individuals and their families the right to live, work, and study in the UAE without requiring a local sponsor. With visa durations of 5 or 10 years, the Golden Visa embodies the UAE’s vision of fostering a stable, inclusive environment for personal and professional growth.
By securing a Golden Visa, holders gain unmatched privileges, from long-term residency to access to one of the world’s most dynamic economic hubs.
Why Choose the UAE Golden Visa?
Golden Visa holders enjoy unique advantages, such as:
Extended Residency: Long-term visas valid for 5 or 10 years with automatic renewals.
No Absence Restrictions: Freedom to live outside the UAE without the risk of visa cancellation if you reach 6 months outside the UAE.
Family Sponsorship: Coverage for spouses, children, and sometimes parents.
Business Flexibility: Freedom to establish or invest in businesses without a local sponsor.
Multiple Entry Permits: Applicants can enter the UAE on a temporary visa while their Golden Visa is processed.
Exclusive Benefits: Access to specialized privileges in real estate, banking, healthcare, discounts, etc.
These benefits underline the UAE’s commitment to creating a thriving environment for residents and investors.
Who Qualifies for the Golden Visa?
The UAE Golden Visa is available for various categories:
1. Investors
1.1. Real Estate Investors: Must own property worth at least AED 2 million.
As a general rule, the property must have a value of AED 2 million, however, there is an exception, and that is that the authorities allow that at the time of applying for this visa you carry out a property evaluation to know if the property, even if for example you had been acquired for the price of AED 1,800,000, at present and according to market price has reached the value of AED 2 million.
1.2. Business Investors: Secure the visa by establishing or partnering in ventures with substantial investments.
2. Entrepreneurs
2.1. Start-up Owners: Businesses registered in the UAE with annual revenues exceeding AED 500,000 qualify.
2.2. Innovators: Entrepreneurs in tech, healthcare, or renewable energy sectors are particularly encouraged.
3. Specialized Talents
3.1. Includes scientists, researchers, healthcare professionals, and engineers with notable accomplishments like patents or publications.
4. Students
4.1. High School Students: Graduates with a 95% or higher average.
4.2. University Students: A GPA of 3.8+ from UAE or internationally recognized institutions.
Requirements and documents to apply
In this publication, we will focus only on the requirements to apply for the 10-year visa.
Requirements
Property in Dubai worth at least 2 million AED, Multiple properties will be accepted under the applicant’s name.
In case the property is purchased through a Developer or Bank mortgage, a statement of account from the developer or Bank NOC to proceed with the Residence visa application.
Person must be inside UAE.
Husband and wife can participate in one property (marriage certificate is required attested from MOFA and legally translated to arabic).
In case the property joint between Husband & Wife, and the value is less than 4 million, only one person will be eligible to apply for the golden visa then sponsor the other person (property share must be equal between both parties. In case the shares are not equal, highest share holder will only allow to apply as primary visa holder then sponsor other party (Spouse).
Title deeds owners can apply for Golden residence visa application if the market value exceeds 2 million (official evaluation certificate is mandatory).
Title deed jointly between partners is acceptable (applicant share should be minimum 2 million).
The applicant’s name in the title deed must be matching with the name in the passport.
Documents
When a title deed is issued for property in Dubai, the property value stated in the title deed must be at least 2 million AED (other emirates & DIFCA are not accepted).
A clear passport copy (Passport valid more than 6 months).
Old Emirates ID (If applicable).
A high-quality applicant digital photo that matches the ICP specifications.
Applicants from the following countries Must Bring their National ID (IRAN – PAKISTAN – IRAQ – LIBYA – AFGHANISTAN).
Health insurance (from any insurance company in UAE).
As per GDRFA regulation, Medical insurance is compulsory for all residence permit applications. We can assist you in completing your medical insurance registration for you and your family.
What Are the Costs?
The cost of a Golden Visa depends on the category and associated services:
10-Year Visa
Property Investors: AED 9,800+ (additional costs include medical tests, health insurance, and Emirates ID).
Other Categories: Fees vary based on endorsements and approvals.
5-Year Visa
Property Owners: AED 5 million minimum investment; fees are slightly lower than the 10-year visa.
Students: Processing fees range from AED 4,000–6,000.
Additional Costs
- Medical Fitness Test: AED 700–1,000.
- Emirates ID: Approximately AED 1,070.
- Health Insurance: AED 2,500–10,000 annually, depending on coverage.
How to Apply for the UAE Golden Visa
Step 1: Check Eligibility
Identify the category you qualify for, such as property investment or academic excellence.
Step 2: Choose Your Application Route
Inside the UAE: Residents can apply through the ICP or GDRFA to amend their visa status.
Outside the UAE: Applications can be submitted online, followed by entry via a temporary visa.
Step 3: Prepare Documents
Ensure you have:
- A valid passport and recent photographs.
- Proof of eligibility (e.g., property deeds, academic records, or endorsements).
- Medical fitness certificates and health insurance.
Step 4: Submit the Application
Applications are processed through official portals like the ICP or GDRFA for Dubai-specific cases.
Step 5: Pay Fees
Settle the necessary fees, which vary by category and additional services.
Step 6: Obtain Approval
Receive visa approval and Emirates ID upon successful application.
Step 7: Complete Medical and Biometric Tests
Attend required medical fitness tests and biometric data collection appointments.
Tailored Visa Options
Investors: Designed for high-net-worth individuals contributing to the UAE economy.
Entrepreneurs: Ideal for those driving innovation in key sectors.
Specialized Talents: Celebrates achievements in research, healthcare, and engineering.
Students: Supports academic excellence to nurture future leaders.
Beyond Residency: Lifestyle and Professional Benefits
Golden Visa holders enjoy:
- Premium Living Standards: Access to luxury accommodations, world-class education, and healthcare.
- Global Prestige: Enhanced professional mobility and credibility.
- Safety and Security: The UAE’s reputation as a safe and family-friendly country.
Why Legal Assistance is Crucial
Navigating the application process can be complex. With professional legal support, you can ensure:
- Accurate eligibility assessments.
- Flawless documentation.
- Streamlined submission and tracking.
- Personalized advice tailored to your situation.
Get started on your UAE Golden Visa journey today and unlock unparalleled opportunities in one of the world’s most dynamic nations. Contact us at info@brandactivation-setup.com for expert guidance.