GOLDEN VISA IN DUBAI
Golden visa is a type of long-term residency permit that is issued to foreign nationals who invest in a country’s economy. In Dubai, the golden visa is known as the “self sponsor / Investor Visa” and is issued to foreign investors who meet certain criteria. There are different types of golden visas in Dubai, and each has its own set of requirements.
Processing Time for Golden visa in Dubai
The processing time and required documents for a golden visa in Dubai may vary depending on the type of category. However, generally, the processing time can take up to 30 days.
Additional documents may be required depending on the specific type of golden visa. It is recommended to consult with a legal professional or the relevant government agency for the most up-to-date and accurate information on the processing time and required documents for a golden visa in Dubai.
Golden visas in Dubai are valid for up to 10 years, which allows foreign nationals to live and work in the city for an extended period of time.
Golden visa holders can invest in businesses and properties in Dubai, which can lead to new business opportunities and financial growth.
Golden visa holders can sponsor their family members to live and work in Dubai.
You can sponsor maids and drivers under your sponsorship
Golden visa holders are eligible for tax benefits in Dubai.
In conclusion, golden-visas in Dubai are a great opportunity for foreign nationals who wish to invest in the city’s economy. There are different types of golden visas available, each with its own set of requirements. By meeting the requirements and obtaining a golden-visa, foreign nationals can enjoy long-term residency and many other benefits in Dubai.
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Categories of Golden Visas in Dubai
This type of golden-visa is issued to foreign nationals who own a business in Dubai. To be eligible for this visa, the individual must have a minimum investment of AED 2 million in the business.
This type of golden-visa is issued to foreign nationals who own a property in Dubai. To be eligible for this visa, the individual must have a minimum investment of AED 2 million in the property.
This type of golden-visa is issued to foreign nationals who invest in a company or a project in Dubai. To be eligible for this visa, the individual must have a minimum investment of AED 2 million.
This type of golden-visa is issued to individuals who have exceptional talent in the fields of science, art, culture, or sports. To be eligible for this visa, the individual must have international recognition in their field.
This type of visa is for these qualified professionals, who holds managerial positions with degree and getting 30,000 AED salary and above.
Documents required for Golden Visa in Dubai
To obtain a golden-visa in Dubai, foreign nationals must meet certain requirements. Here, some of the common requirements include:
- The individual must meet the requirement of minimum 2 Million dirhams deposit in a bank in the country. It may be in the form of investment bonds and sukuk. Proof of deposits in the bank is required.
- Copy of Passport
- Proof of residence in the emirates of Dubai
- Title Deed Property worth AED 2 Million or own off Plan Property at AED 2 Million and above, with a minimum initial payment.
- Visa or Passport Copy
- Emirates ID
- Applicant must be inside UAE
- Local or International Health Insurance
- Required an attested degree certificate (bachelor’s degree or higher + university equivalency), degree must be attested from the UAE embassy in the home country and Ministry of foreign affairs in Dubai.
- Provide NOC Letter from the company that allows an employee to hold golden visa, also it should mention that the service period is not less than one year as a manager.
- Provide salary certificate of AED 30,000.00 and above.
- Need Bank statement for last six months mentioning deposit of your salary.
- Passport and Visa Page copy
- Picture (hd)
- In this category of golden visa, doctors, engineers, scientists, researchers and artists are included to obtain golden visa. The individual must have approval letter from the department of Culture and Arts in the respective emirates.
- A recommendation letter from the General Sports Authority or one the sports councils
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Frequently Asked Questions (FAQ)
A Golden-Visa is a long-term residency program offered by the Dubai government to high-net-worth individuals who invest in the country. It provides the holder with extended residency benefits and access to a wide range of opportunities in Dubai.
With a Golden-Visa, you can enjoy benefits such as long-term residency for yourself and your family, the ability to work and study in Dubai, and access to world-class healthcare and education facilities. Additionally, it offers attractive tax incentives, business opportunities, and a safe and secure living environment.
The Golden-Visa program in Dubai is open to investors, entrepreneurs, executives, and outstanding individuals in various fields such as science, art, and culture. Each category has specific criteria, for example, investors need to meet certain investment thresholds while outstanding individuals must have internationally recognized achievements.
To apply for a Golden-Visa in Dubai, you need to submit a detailed application along with supporting documents that prove your eligibility. These documents may include investment details, education certificates, employment verification, and other relevant paperwork and you can contact justprobiz Documents Clearing services to ensure a smooth and efficient application process.
The minimum investment required for a golden-visa in Dubai varies depending on the type of investment. For real estate, it is 2 million AED.
Yes, the golden-visa also extends to the spouse and children of the main visa holder, as well as parents in certain cases.
Yes, a golden-visa holder has the freedom to work in any job or sector in Dubai, unlike other types of visas with specific job restrictions.
Yes, golden-visa holders are exempt from personal income tax and there is no tax on capital gains from property investments.
No, the golden-visa is available for all nationalities, as long as the applicant meets the eligibility criteria.
Yes, the golden visa can be revoked if the investment is not maintained or if the individual violates the visa’s terms and conditions.