Unlock the benefits of a UAE Golden Visa.
Dubai Golden Visa has gained massive popularity around the world. These golden visa programs are expanding in amount and frequently in quality. With a number of countries introducing their golden visas, in the year 2019, the Golden visa in Dubai was launched too. In any case, many of their advantages are not generally known.
The good part about these Golden Visa programs offered by the venture programs is essentially either residence or citizenship. Citizenship in another country, or even residence, especially if the target country is more developed than one’s own country is a prize altogether.
There are various reasons why eligible individuals should consider getting golden visas to be presumably the best speculations of the current events.
Ease of Travel
Golden visa holders in Dubai enjoy ease of travel as they are treated like UAE nationals. They can live, study, and work in the UAE without the need to apply for a visa again, providing a seamless and convenient travel experience.
Multiple accounts
With a Golden Visa, it becomes easier to have multiple bank accounts in another country, reducing financial risk and providing a secure haven for savings.
No need for national sponsors
The new framework of the Golden Visa program in UAE eliminates the need for national sponsors. Foreigners can now live, study, and work in Dubai without the requirement of a national sponsor. They have full accountability for their business activities within Dubai. These visas are issued for 5 or 10 years and are automatically renewable.
Valuable investment
Investing in real estate through a Golden Visa program offers long-term financial benefits as the property value tends to appreciate over time in countries experiencing economic recovery.
Additional benefits for Golden Visa Holders
Esaad Privilege Card: Depending on their category, Golden Visa holders may be granted the Esaad privilege card at no cost. This card provides various privileges and benefits.
Driver’s License: Foreign residents with a Golden Visa can take the UAE driver’s license test without the need for UAE-specific driving lessons. If they hold a license from one of the 32 approved countries, they are eligible for a UAE driver’s license automatically.
Exceptional Student Benefits: Exceptional foreign students in Dubai and their families may be granted a 10-year residency visa. Additionally, these students may receive discounts for international universities throughout Dubai.
Who can
Apply?
Requirements individuals from each professional category will need to meet to obtain the Golden Visa.
Investor in an investment fund (commercial investor)
To invest in a commercial investment fund, investors in Dubai need to provide a company audit, a copy of their commercial or industrial license, a residence photo, and the company's account statement for the last three months. Licenses from Dubai are accepted, but if obtained from free zones, a certificate from the relevant authorities is required.
Investor in an investment fund (deposit)
To invest in an investment fund (deposit), investors need to provide a bank letter in Arabic stating the deposit terms, a residence photo, and a copy of the rental lease. No specific occupation is required.
Investor in an investment fund (tax return investor)
To invest in an investment fund as a tax return investor, provide a letter from the Federal Tax Authority, a copy of the license and partners' list, and a residence photo. Occupation is not specified, but the given profession is "investor."
Doctors
For doctors applying to invest, the following requirements must be met:
Certificate of Practicing Profession: A certificate in Arabic from the Health Authority, Ministry of Health, or Dubai Healthcare City.
Labour Card or Certified Work Contract: A copy of the labour card or certified work contract from the Ministry of Human Resources or relevant authorities.
Residence Photo: A photograph of the doctor's residence.
Occupation and Profession: Occupation should align with the licence certificate, and the granted profession should be as per the licence.
These requirements ensure that doctors have the necessary qualifications and legal documentation to practice medicine and invest in Dubai.
Scientists
Scientists applying for purposes in Dubai need to provide a recommendation letter from the Emirates Scientists Council or the Secretariat of Sheikh Mohammed bin Rashid Al Maktoum Award for Academic Excellence. A copy of the passport is also required. No specific occupation is specified in the requirements.
Creative people and people of culture and art
For creative individuals and people in the field of culture and art applying in Dubai, the requirements include a recommendation letter from the Culture and Arts Authority, a copy of the passport, and a profession awarded as per the recommendation letter. Occupation is not specified in the requirements.
Inventors
Inventors applying in Dubai must provide a recommendation letter from the Ministry of Economy, a copy of the passport, and the awarded profession as mentioned in the letter of recommendation. Occupation is not specified in the requirements.
High-level Executives (General Manager – Executive Director – Chairman of the Board of Directors)
High-level executives (General Managers, Executive Directors, Chairpersons) applying for a golden visa in Dubai need to provide a company NOC letter, an education certificate, a monthly salary certificate, a work contract, and a personal account statement. Occupation upon application should be specified, with the profession awarded as Executive Director.
Athletes
Athletes applying in Dubai must provide a recommendation letter from a sports council or the General Authority for Sports, a copy of the passport, and the profession awarded as specified in the recommendation letter. No specific occupation is mentioned in the requirements.
Specialists in the fields of engineering and science
Specialists in engineering and science applying in Dubai must provide a certified Bachelor's degree or higher, a copy of the residence document, an employment contract in their specialized field, and specify their profession according to their major. The awarded profession will be determined based on the specialization.
Outstanding students with promising scientific abilities (graduates of 2019 – 2020 and above)
Outstanding students with promising scientific abilities who graduated in 2019 or later need to provide a recommendation from the Ministry of Education, a copy of the residence permit in Dubai, and a copy of the passport. Occupation upon application is not specified, and the profession awarded will be mentioned as "Outstanding Student."
A university graduate with a GPA of 3.8 or above from within the approved state universities only (Bachelor’s) (Master’s)
University graduates with a GPA of 3.8 or above from approved state universities (Bachelor's or Master's degree) applying in Dubai must provide a certified university degree and academic transcript, a copy of the residence permit in Dubai, and a copy of the passport. Occupation when applying is not specified, and the profession granted will be mentioned as "Outstanding Student."
What documents are required for a Golden Visa application?
The specific documents required for a Golden Visa application may vary based on the applicant’s category. Generally, you will need to submit personal documents, proof of qualifications or achievements, financial documents (for investors and entrepreneurs), and other supporting paperwork. Our team will guide you through the document preparation process.
What is the processing time for a Golden Visa application?
The processing time for a Golden Visa application can vary depending on the category and government procedures. While some applications may be processed quickly, others may require additional time for evaluation. Our team aims to expedite the process as much as possible.
Can I apply for a Golden Visa if I am already residing in the UAE?
Yes, individuals who are already residing in the UAE can also apply for a Golden Visa as long as they meet the eligibility criteria and requirements set by the UAE authorities.
Can Profound assist with renewing a Golden Visa after its expiration?
Yes, our services extend beyond the initial application. Profound can assist with the renewal of your Golden Visa, ensuring that you maintain your long-term residency status in the UAE.
How can I get started with the Golden Visa application process through Profound?
To initiate the Golden Visa application process, contact us through our website or by phone. Our expert consultants will discuss your eligibility, guide you through the necessary steps, and provide personalized assistance to make the process as smooth as possible.
Can I apply for a Golden Visa for my dependents?
Yes, one of the significant advantages of the Golden Visa is that it allows the applicant to sponsor their immediate family members, including spouse and children, under the same visa.
How long is the validity of a Golden Visa?
The validity of a Golden Visa can be either 5 or 10 years, depending on the applicant’s qualifications and the category under which they apply. It is renewable as long as the individual meets the ongoing requirements.