The United Arab Emirates (UAE) are renowned for their opulent lifestyle and welcoming business climate. The nation has launched a number of efforts in the last several years to entice international investors, including the golden visa program. A long-term resident visa in the UAE is available to qualifying individuals and their families under the golden visa program. We’ll concentrate on Dubai’s golden visa scheme in this piece.
What is a Golden Visa?
For international business owners, professionals, and investors who satisfy specific requirements, a golden visa is a long-term resident permit. The golden visa program aims to entice wealthy people and highly qualified workers to the UAE. In 2019, Dubai implemented the golden visa program, which has subsequently been expanded to cover a number of categories.
Benefits of a Golden Visa in Dubai
The golden visa program in Dubai offers several benefits to the recipients, including:
- Long-term residency: Golden visa holders can stay in the UAE for up to 10 years without the need for a sponsor.
- Multiple-entry visa: Golden visa holders can enter and exit the UAE as many times as they want without the need for additional visas.
- Family sponsorship: Golden visa holders can sponsor their immediate family members, including spouse and children.
- Access to education: Golden visa holders can enroll their children in public schools and universities in Dubai.
- Business opportunities: Golden visa holders can set up a business in Dubai or invest in an existing one.
In order to qualify for a golden visa in Dubai, applicants must fulfill specific requirements. The requirements differ based on the type of golden visa. The categories for the golden visa in Dubai are as follows:
- Investors: Individuals who invest at least AED 10 million in a UAE-based company or a public investment fund can apply for a golden visa.
- Entrepreneurs: Individuals who have a previous business experience of at least AED 500,000 or have the approval of a business incubator in the UAE can apply for a golden visa.
- Professionals: Individuals who have specialized skills or talents in the fields of science, medicine, research, and arts can apply for a golden visa.
- Students: Outstanding students who have a minimum grade point average of 3.8 in their high school studies or have achieved distinction in undergraduate studies can apply for a golden visa.
Eligibility Criteria for a Golden Visa in Dubai
In order to qualify for a golden visa in Dubai, applicants must fulfill specific requirements. The requirements differ based on the type of golden visa. The categories for the golden visa in Dubai are as follows:
- Investors: Individuals who invest at least AED 10 million in a UAE-based company or a public investment fund can apply for a golden visa.
- Entrepreneurs: Individuals who have a previous business experience of at least AED 500,000 or have the approval of a business incubator in the UAE can apply for a golden visa.
- Professionals: Individuals who have specialized skills or talents in the fields of science, medicine, research, and arts can apply for a golden visa.
- Students: Outstanding students who have a minimum grade point average of 3.8 in their high school studies or have achieved distinction in undergraduate studies can apply for a golden visa.
How to Apply for a Golden Visa in Dubai?
- Passport copy
- Passport-size photograph
- Emirates ID application
- Proof of investment or business incubator approval (for investors and entrepreneurs)
- Educational certificates (for professionals and students)
- Health insurance coverage
- Proof of accommodation
High net worth people, business owners, and qualified professionals have a fantastic chance to get long-term residency in the UAE through the golden visa program in Dubai. Long-term residency, multiple-entry visas, and family sponsorship are just a few of the advantages offered by the program. Dubai continues to be a popular location for international professionals and investors because to the simple application procedure and the numerous advantages of a golden visa.
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