Who is qualified to apply for a Golden Visa in Dubai?
The Golden Visa of Dubai is a type of long-term resident visa that grants foreign nationals permission to remain in Dubai for up to ten years at a time. The visa was created to entice business people, professionals, and other skilled individuals to relocate to Dubai. You must satisfy one of the following requirements in order to be qualified for Dubai's Golden Visa:
Investors: If you are an investor in Dubai's real estate market or a firm, you may be eligible for a Golden Visa. If you are an investor in Dubai's real estate market, you may read more here. To be eligible, you need to have made an investment of at least 10 million AED in the UAE.
If you are an entrepreneur who has established a company in Dubai, you may be eligible for a Golden Visa. The eligibility requirements vary from person to person. To be eligible, your business must either have a minimum capital of 500,000 UAE Dirhams (AED) or have obtained finance of at least 500,000 UAE Dirhams from an investor based in Dubai.
Those who have demonstrated exceptional ability in the fields of science, the arts, or culture may be eligible for the coveted Dubai Golden Visa. You need to acquire a letter of recommendation from a reputable Dubai-based organization in order to be eligible for this.
You may be eligible for a Golden Visa if you are a professional in the disciplines of engineering, medicine, science, or any other field deemed significant to the UAE. To qualify, you must have a valid job contract in Dubai.
The Advantages of Obtaining a Golden Visa in Dubai
Foreign nationals who want to work, live, or invest in the emirate of Dubai are eligible to apply for the "Golden Visa," which comes with a variety of privileges. Holding a Golden Visa comes with a number of perks, including the following:
Long-term residency: If you obtain a Golden Visa, you will not be required to renew your visa for a period of up to ten years during which you may remain in Dubai.
Because Dubai is a tax-free economy, residents and workers are not required to make any payments toward the payment of income tax on their wages.
Ease of doing business: Dubai is known for its business-friendly climate, which features low regulations and efficient processes that make it easier for business owners to open up shop and continue to operate their companies.
You will have access to Dubai's world-class healthcare facilities and educational institutions if you are a holder of a Golden Visa. In addition, you will be eligible to receive medical treatment in Dubai.
You have the ability to sponsor your spouse, children, and even your parents for a Golden Visa, which means that they, too, will be able to take advantage of all that life in Dubai has to offer.
Ease of travel: If you have a Golden Visa, you'll have no trouble getting into Dubai's international airport, which has direct flights to more than 200 locations all over the world.
The Many Categories of Dubai's Golden Visa
The Golden Visa of Dubai is offered in a few different categories, each of which has its own requirements to meet in order to qualify. The following is a list of the several types of Golden Visas that are available in Dubai:
Investor Visa: This visa is offered to investors who have invested at least 10 million UAE Dirhams (AED) in the United Arab Emirates. The visa can be renewed once its initial five-year validity period has passed.
Entrepreneur Visa: This visa is available to entrepreneurs who have established a company in Dubai with a minimum capital of AED 500,000 or have received funding of at least AED 500,000 from an investor based in Dubai. Alternatively, entrepreneurs can receive this visa if they have received funding of at least AED 500,000 from a Dubai-based investor. The visa can be renewed once its initial five-year validity period has passed.
Visa for Talented Individuals: This visa is accessible to persons who are very talented in the fields of science, arts, or culture. You need to acquire a letter of recommendation from a reputable Dubai-based organization in order to be eligible for this. The visa can be renewed once its initial ten-year validity period has passed.
Visa for Individuals with Specialty Talents: This visa is accessible to persons who have demonstrated exceptional ability in the fields of science, medicine, or research. The visa can be renewed once its initial ten-year validity period has passed.
Visa for Professionals: This visa is accessible to professionals who work in sectors such as engineering, medicine, science, or any other field deemed significant to the UAE. In order to be eligible, you need to have a current job contract in Dubai. The visa can be renewed once its initial ten-year validity period has passed.
The application process for the Dubai Golden Visa
You need to take the following procedures in order to apply for a Golden Visa in Dubai:
Create an account by going to the website of the General Directorate of Residency and Foreigners Affairs (GDRFA) in Dubai and following the on-screen instructions.
Send in your application and make sure to include all of the necessary documents, such as a copy of your passport, your Emirates ID, and evidence that proves you are eligible.
Make sure you pay the visa fees. The costs are different for each kind of visa that can be requested by an applicant.
Hold tight as you await the verdict on your visa application. The amount of time required to process your visa may change depending on the type of visa you are applying for and your qualifications.
In order to apply for a Golden Visa in Dubai, certain documents are required.
In order to submit an application for a Golden Visa from Dubai, you will need to present the following documents:
A valid passport
A copy of your Emirates identification card.
Documentation to support a claim to eligibility (depending on the type of visa)
A photograph that is passport-sized.
Documentation demonstrating possession of health insurance (depending on the type of visa)
A reprimand or a certificate of good behavior (depending on the type of visa)
Source: https://www.shortlistdubai.com/article/dubai-golden-visa/