Dubai Golden Visa: Your Gateway to Permanent Residency

Posted on: Jan 8, 2025 | 3 mins | Written by: HDFC ERGO Team

Dubai Golden Visa: Your Gateway to Permanent Residency

Dubai Golden Visa scheme: all you need to know

What is Golden Visa Dubai?

The UAE government has carefully introduced the unique Dubai Golden Visa Scheme to attract talented foreign citizens to live, study, and work in the country despite the absence of any national sponsor. This special visa has been introduced to develop an innovative and business-friendly atmosphere and work culture.

So this makes it easy for talented individuals, investors, and other skilled professionals to ensure easy business growth and expansion in this land, making Dubai a home away from home.

To cut a long story short, the Golden Visa Dubai scheme implies a special scheme ensuring long residency in the country in exchange for unique talents and/or significant financial efforts.

The Dubai Golden Visa scheme specially targets certain typical categories of people, including the following:

• Investors: They are individuals who are willing to invest significant capital either in a promising authentic business and/or real estate.

• Entrepreneurs: Any startup or company founders making a significant and positive impact on the country’s economy are welcome under this scheme.

• Skilled professionals: This includes highly trained experts, especially in the sectors of engineering, medicine, research, and science.

• Exceptional talents: Innovators, artists, and individuals with unique talents can seek embrace under this unique scheme.

• Outstanding students: Students with exceptional academic records seeking avenues for higher studies and research can apply to Dubai educational institutions under this scheme.

Golden Visa Dubai requirements

To acquire a Dubai Golden Visa, you need to fall under specific categories as specified under the current rules and regulations prevalent in the country:

• Investors: This requires the concerned investor to maintain at least one property in Dubai along with a minimum investment of AED 2 million towards the country’s real estate.

• Entrepreneurs: Here, the concerned entrepreneur needs to hold a minimum business investment of AED 500,000 and/or hold a significant share percentage of a particular demonstrated business, especially in terms of revenue.

• Talents and professionals: Here, high-level and skilled professional experts need to showcase their unique skills, producing special impact contributions in their respective fields like publication of research papers, patents, etc.

• Students: Students with exceptional academic records need to prove their skills according to the country's standards, often in terms of great scores and special awards.

The specific requirements of the Dubai Golden Visa scheme ensure that the concerned applicants match and follow the country's strategic standards, especially in terms of the country’s economic development and human capital.

How to acquire a Dubai Golden Visa?

You need to follow certain specific steps to acquire a Golden Visa in Dubai:

• Selection of category: Carefully analyse your personal profile to identify your specific category, such as an entrepreneur, investor, excellent student, professional employee, or investor.

• Application: All the applications can be easily submitted either online through the UAE portal or any of the authorised and approved immigration centres.

• Documents: To prove your worth and qualities, you must possess accompanying documents and produce them as and when required. Such documents include investment proof if you are an investor and academic certificates if you are a student, whereas, if you are a professional, you must possess valid professional accreditation.

• Approval procedure: The official UAE government authorities check and verify all the relevant details of the concerned application based on which the Golden Visa Dubai gets issued to selected qualifying candidates.

You must note in this context that although the procedure seems to be smooth and simple, but the total duration depends on the level of complication and complexities involved in the application concerned.

Benefits of Dubai Golden Visa

Dubai Golden Visa offers several benefits and serves you well in more ways than one. Some of the most significant benefits of this special visa include the following:

• Long-term residency: The Dubai Golden Visa scheme offers pretty long-term residency facilities, usually spanning for 5 or 10 years and can be renewed depending on the circumstances. When compared to standard normal visas, Golden visas allow enhanced stability in this respect.

• Freedom to study, work, or invest: Golden visa holders can easily study, begin work or invest in their desired field without any local sponsor. This grants them enhanced freedom, especially in terms of economic development and participation.

• Family sponsorship: Golden visa holders can easily sponsor their immediate family members, such as spouses and dependent children, for residency. This makes it easy for the entire family to stay in Dubai.

• Multiple entry: Unlike standard visas, Golden visas allow multiple entries into the country, ensuring flexible journeys, especially for frequent travellers.

• Zero income tax: One of the most highlighted aspects of Dubai's economy is that it maintains a zero-income tax environment. This means that you do not need to pay any income tax on your personal earnings in the country. You can understand how beneficial and lucrative it is, especially in the case of high-net-worth individuals.

Dubai Golden Visa price

The Dubai Golden Visa price is calculated depending on the amount of investment along with the processing charges. As an investor, the minimum worth of real estate investment must be AED 2 million. The standard application processing fees usually range between AED 4000 and AED 5000. However, if your application requires legal consultations and medical checkups, then the total price may rise.

It is best to confirm the exact price from authentic and reliable sources before applying, as the prices may vary depending on specific case scenarios.

Conclusion

The Dubai Golden Visa scheme is a lucrative opportunity for almost every entrepreneur, investor, expert, and experienced professional interested in working in the UAE. We have carefully highlighted all the significant and major aspects of the Golden Visa Dubai scheme. This special visa ensures security, long-term investment, and residency opportunities along with the family.

However, all your future settlements in the UAE may begin with a solo or a family holiday trip in the country. Before undertaking the trip, it is best to maintain travel insurance for Dubai. Although not compulsory, unlike several other countries, it is extremely recommended as it will deftly take care of your entire trip.

If you are a frequent foreign traveller, it is best to invest in a comprehensive international travel insurance policy. It is comparatively much more budget-friendly and takes care of all the unprecedented travel expenses and hazards.

FAQs

1. What is the approximate salary requirement to acquire a Golden Visa Dubai?

Depending on the prevalent rules and regulations of the UAE government, skilled workers need to earn approximately AED 30000/month, along with several other relevant qualifications like an authentic and active employment contract in a skilled and specialised sector. Depending on the specific categories, the earning limits may vary.

2. What are the advantages of the Dubai Golden Visa?

Some of the most highlighted advantages of the Dubai Golden Visa scheme are long residency years with renewability features, freedom to live and work while staying with the family, zero income tax, user-friendly work culture and environment, etc.

Disclaimer: The above information is for illustrative purposes only. For more details, please refer to the policy wordings and prospectus before concluding the sales.

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