Everything About the Dubai Golden Visa in 2024: From Benefits to Application Process
The Dubai Golden Visa is a program for foreigners that offers the opportunity to
live and work in the United Arab Emirates. Both business owners and students can
apply for Golden Visa status. In this article, we will cover the key conditions
of the program, its benefits, requirements, and the cost of obtaining it.
Unlocking Dubai: The Importance of the Golden Visa
The UAE Golden Visa allows you to stay in the country for 10 years or more,
offering a range of unique opportunities. A significant aspect for investors is
the absence of income tax. There are no age or country of origin restrictions
for obtaining the Golden Visa—the process is the same for everyone.
Benefits and Advantages of Obtaining a UAE Golden Visa
Holding a Golden Residency guarantees:
- Residency for 10 years without the need to renew documents, eliminating
constant bureaucracy and hassle. - The right to stay abroad for more than 6 months without losing your
residency permit. - Sponsorship for the relocation of family members: spouse, unmarried sons up
to 25 years old, unmarried daughters of any age, and domestic workers. - The ability to travel freely to countries that have visa-free agreements
with the UAE, making business trips and vacations more convenient. - Access to high standards of healthcare and educational institutions.
Who Can Apply for the Golden Visa in 2024/2025?
The UAE Golden Visa is intended for both investors and highly skilled
professionals. The benefits of this program are available to:
- Investors who have invested 2 million dirhams or $545,000 in real estate or
investment funds. - Entrepreneurs. Owners of successful businesses and startups in the UAE. The
company’s annual revenue must be at least 1 million dirhams. - Scientists and researchers with a master’s degree and a recommendation from
the Emirates Scientific Council. - Highly skilled professionals. Foreigners must provide a valid employment
contract and a bachelor’s or master’s degree certified by the UAE Ministry
of Education. - Exceptional talents. Individuals in the fields of culture, arts, and sports,
provided they have a recommendation letter from a relevant UAE authority.
Types of Golden Visas in Dubai
In the UAE, the Golden Visa is available to both investors and students. It
offers additional stability and the opportunity to plan long-term goals. Visa
holders can live in the country, access services, conduct business, work, or
study. The category of the applicant and the cost of obtaining the Golden Visa
vary accordingly.
How to Obtain a Golden Visa: Step-by-Step Guide
The process of obtaining a Golden Visa involves several bureaucratic steps. An
immigrant needs to go through four stages:
- Gather the necessary documents, have them translated, and notarized.
Specific requirements depend on the grounds for obtaining the visa. - Submit your Golden Visa application through official portals, which will be
reviewed by the relevant UAE department. - A health certificate is required for the Golden Visa. Examinations must be
completed at clinics in the UAE. - The Golden Visa is issued at the consulate, where biometric data is also
collected.
The process of obtaining a Golden Visa in the UAE can take several months,
depending on current workloads and the complexity of the application. The
immigration office does not specify exact processing times. The applicant must
secure an employment contract, enroll in an educational institution, or purchase
real estate. Notifications of decisions are sent via email.
What Are the Requirements for Obtaining a Golden Visa?
The Golden Visa application process varies depending on the type of residency.
To apply:
- Investors and entrepreneurs must demonstrate income from real estate or
business. - Specialists and scholars need to verify their degrees and qualifications.
- Talented individuals should provide recommendations.
What to Do If Your Application Is Rejected?
If your Golden Visa application is denied, follow these steps:
- Reach out to the UAE immigration office or consulate to find out the reasons
for the rejection and understand which requirements were not met. - Address any deficiencies and errors in your documents. Correct
inconsistencies or provide additional information. - After correcting all issues, submit your application again.
- If difficulties arise, consult with immigration specialists or lawyers. They
can assist with document preparation and resubmission.
Can Family Members Be Included in the Application?
Yes, family members can be included in the Golden Visa application:
- Your lawful spouse can be included.
- Both minors and adult children can be included.
- Parents of the visa applicant can also be included.
To include family members, you will need to provide additional documents proving
the relationship. For adult children, proof that they are unmarried is required.
Certificates issued in another country must be fully authenticated by the
consulate.
What Are the Costs Associated with Obtaining the Visa?
When calculating the cost of the UAE Golden Visa, consider the applicant’s
category. The application fee is around AED 3,000 to AED 5,000. The applicant
also pays for the medical examination and health insurance in the Emirates.
Additional administrative fees cover expenses related to document processing and
other formalities. This includes translation costs and notarization. It’s
important to account for travel and accommodation expenses in the UAE for visa
processing. Penalties are imposed for overstaying in the country. For real
estate investors, a minimum investment of AED 2 million is required, along with
a registration fee of AED 160,000. For entrepreneurs, if their company in the
UAE is a small or medium enterprise with revenue exceeding AED 1 million,
additional costs may arise if family members are included in the application.
Your First Steps in Dubai
The Golden Visa opens up countless opportunities for living and working in
Dubai. With over 85% of the population being foreigners, the adaptation process
is smooth. Low taxes create new prospects for business growth. There are two
ways to obtain the UAE Golden Visa: There are two ways to obtain a UAE Golden
Visa. The first is a difficult and lengthy process, where you handle everything
on your own, navigating the complexities, correcting mistakes, and waiting for
the results. The second is reliable and easy: turn to Livrichy. Their experts will take care of the paperwork and all formalities, leaving you with nothing to do but receive your Golden Visa.
