Published
December 27, 2023
Category
Residency by investment programs

A Comprehensive Guide to Obtaining a Golden Visa in UAE

The United Arab Emirates (UAE) is a brilliant place in the world of global opportunities, enticing people from all walks of life with the promise of long-term residency and a world of opportunity. Among the UAE's various attempts to welcome the globe. The Golden Visa option stands out as a golden ticket, giving a clear road to residency for a diverse range of persons, including investors, entrepreneurs, and highly trained professionals. The process of obtaining a UAE golden visa through its scheme can be complicated, however, we are here to shed light on every aspect and requirement, ensuring that you embark on this transforming journey completely educated and prepared. Join us as we unpack the complexities of this wonderful opportunity, exposing the route to your golden future.

What is a Golden Visa?

The UAE government's innovative long-term resident visa program, known as the Golden Visa program, goes beyond a simple residency permit. It grants the coveted status of permanent resident, allowing successful candidates to fully immerse themselves in the colorful tapestry of Emirati society. This visa is more than just a permit to stay; it is a key to a world of unmatched opportunities.

The ability to live, work, study, and invest in the UAE without the necessity for an Emirati or UAE national sponsor is one of the most appealing components of the Golden Visa program. The program embodies capital transfer in its purest form, allowing you to freely transport your hopes and dreams to the thriving landscapes of the UAE.

But that isn't all. Another appealing component of the curriculum is for entrepreneurs and business aficionados. Golden Visa holders are entitled to 100% ownership of their firms on the UAE mainland. This translates to complete autonomy and control, providing an unparalleled opportunity to design your company initiatives and investments to your liking, resulting in a perfect synergy between your vision and your actions.

Eligibility Criteria and UAE Golden Visa Requirements 

Real Estate Investment Requirements

The UAE Golden Visa program allows real estate investors to obtain a valid 10-year visa that can be renewed under the same terms and conditions and does not require a sponsor.

Eligibility for the Golden Visa is based on the following criteria:

A letter from the Land Department of the relevant emirate confirming that you are the owner of one or more immovable properties with a total immovable property value of at least 2 million dirhams (AED)

If you have taken out a loan to purchase a property, make sure that the loan is from a specific local bank approved by the competent local authority.

Entrepreneurial Investment Requirements

Entrepreneurs with innovative and forward-looking economic projects have the opportunity to secure a 5-year Golden Visa. Here are the key requirements:

Your project must be of a technical or futuristic nature, emphasizing risk and innovation.

Obtain an approval letter from the following sources:

An auditor in the UAE confirmed that the project's value is not less than 500,000 dirhams.

Local authorities in the emirate, affirm that the project is indeed of a technical or futuristic nature.

An accredited business incubator in the UAE to establish the proposed activity in the country.

Age Requirements of Investors

To qualify for the Golden Visa, applicants must meet a fundamental age requirement; they must be at least 18 years old. This stipulation ensures that the program is accessible to adults who harbor aspirations of making the UAE their long-term home.

Family Inclusion Requirements

A noteworthy advantage of the UAE's Golden Visa program is its family-friendly nature, allowing primary visa holders to include certain family members in their applications for a long term visa. 

Health Insurance

As part of the Golden Residence visa requirements, applicants are obligated to furnish proof of medical insurance for themselves and any family members included in the application. This vital requirement guarantees that visa holders have access to essential healthcare services, underscoring the UAE's commitment to supporting the well-being and health security of both the applicant and their families during their stay in the country.

Application Process of UAE Residence By Investment

In the heart of the United Arab Emirates, the promise of a golden future beckons. The UAE Golden Visa program has captivated countless dreamers, offering a path to permanent residency and endless opportunities. The process is linear, however, can be tricky when doing it alone. Also, we recommend working with highly professionals especially when including the inclusion of dependent children or a spouse, to illuminate your path towards a new life in this land of promise.

Step One

Your Journey Begins with Due Diligence. At Immigrant Invest, our initial screening lays the groundwork for the Due Diligence procedure, designed to identify potential issues confidentially. A Certified Anti-Money Laundering Officer meticulously examines your documents after all the documents are submitted and ensures a solid start.

Step Two

After passing due diligence, Immigrant Invest's legal experts provide comprehensive documents for your visa application. This step entails submitting original papers, followed by essential procedures, including translations and notarizations. With a 6-month visa in hand, you explore properties, undergo a medical checkup, and commence your golden visa application.

Step Three

In this phase, explore property acquisition possibilities, even without a physical visit. Immigrant Invest's real estate experts present suitable properties. Our legal team facilitates purchase agreements for seamless ownership transitions.

Step Four

You and family members over 18 undergo thorough medical examinations in a UAE clinic. These tests cover infectious diseases and provide a health status certificate.

Step Five

With property secured and health assessed, begin the visa application. Travel to the UAE, apply for visas and provide biometrics to the General Directorate of Residency and Foreigners Affairs. Immigrant Invest's experts ensure a smooth application process.

Step Six

The application process typically takes 5-7 days. Address any questions within 30 days, while application approval may take up to 2 months. After approval, you and your family receive your UAE residence visas, marking the culmination of your journey toward a golden future in the United Arab Emirates.

Fees and Processing Time for UAE Permanent Residency By Investment 

As you embark on your journey towards the coveted UAE Golden Visa, it's important to understand the practical aspects and timeline that pave the way for your golden future.

Processing Time

Time is of the essence in any grand endeavor, and in the realm of golden visas, the UAE truly excels. The processing time to secure your golden visa typically stands at a mere two months. This means that, within this short span, your dreams can transform into a reality. The countdown to your golden future begins, where endless opportunities await, just around the corner.

Fees

To enter this world of limitless possibilities, you must start on a trip that requires a minimum investment of AED 2,000,000 (about USD 545,000, although please keep in mind that USD values may vary). Your golden future is waiting for you, and recognizing the fees involved is critical

Minimum Real Estate Investment: AED 2,000,000+

Registration Fees: AED 160,000+

State Fees for the Visa: AED 3,860 per person

Benefits of a Golden Visa of UAE 

A bundle of benefits comes with the UAE golden visa by investment. Opportunity to apply for UAE within less than 30 years and enjoy the best income taxes. Additionally, here are many more benefits of the residency: 

Financial Benefits: Beyond tax advantages, your Golden Visa opens the doors to a world of diverse financial and investment opportunities, elevating your wealth and financial security.

Business Environment: The UAE boasts a business-friendly terrain with transparent regulations and a robust economy. As a Golden Visa holder, you can confidently immerse yourself in the nation's dynamic business landscape, from launching startups to investing in well-established enterprises.

Tax Benefits: At its core, the UAE offers substantial tax advantages, including the absence of personal income tax. It's a sanctuary for those looking to maximize their income and wealth, complemented by a variety of other tax benefits.

Long-term Residency: The foundation of your journey, a Golden Visa offers you the invaluable gift of lasting residency in the UAE. This brings stability, security, and a future rich with promise for you and your loved ones.

Access to Quality Education and Healthcare: Golden Visa holders are privileged to access world-class education and healthcare facilities, ensuring an exceptional standard of living for your family.

No Full-Time Residency Requirements: Unlike many other residency programs, the UAE Golden Visa liberates you from the obligation of a full year's physical presence in the country, but only 6 months in a year making it an ideal choice for global citizens with international commitments.

Essad Privilege Card: Reserved exclusively for Golden Visa holders, the esteemed Essad Privilege Card opens the gates to an exclusive realm of services and privileges, tailored to fulfill your unique desires and needs in different restaurants, shopping areas and self-care places.

Required Documents for the UAE Golden Visa Program

Every remarkable journey has its challenges, but the path to your golden future in the UAE is remarkably streamlined. In contrast to many other nations, the list of required documents for a UAE Golden Visa application is refreshingly short. Here, we provide the vital documents that can help you make your goals a reality.

  • Passport: The first key to your golden journey is your passport. Ensure it's valid and has an adequate period of validity to meet the UAE Golden Visa scheme requirements.
  • Birth Certificates: These treasured documents for all family members included in your application are vital to establishing the bonds of family.
  • Marriage Certificate: If you're applying with your beloved spouse, a valid marriage certificate is your testament to a strong, loving relationship.
  • Certificate of Non-Marriage for Children Over 18: For your children over 18, a certificate confirming their single status may be required, reflecting their unique journey.
  • Certificate of No Criminal Record: To prove your integrity and eligibility for the Golden Visa, you'll need a certificate of no criminal record from your country of citizenship, affirming your good conduct.
  • UAE Good Conduct Certificate: Addressed to the Dubai Land Department, this certificate vouches for your adherence to UAE laws, a testament to your respect for the nation.
  • Medical Insurance: Ensure you have valid medical insurance covering all your beloved family members in the application, guaranteeing access to healthcare services throughout your UAE stay.
  • One Photo per Applicant: A snapshot of identity and dreams, and recent passport-sized photographs of each applicant are essential for identification and documentation purposes.
  • Current UAE Visa: If you're already in the UAE under a different visa category, your current UAE visa copy supports your transition to the Golden Visa, marking the next chapter in your special journey.

Process of Obtaining Your Golden Visa 

Start your incredible journey in the United Arab Emirates with due diligence at  Mirabello Consultancy, setting the stage for your golden visa adventure. Our Certified Anti-Money Laundering Officer ensures that the initial screening is discreet and effective, boosting your chances of a triumphant visa application.

Once you've passed the due diligence, our legal experts will help you to go further and equip you with the essential documents, followed by translation, notarization, and consular legalization. In a mere six months, you'll be exploring properties, undergoing a health check, and launching your UAE golden visa application, guided every step of the way by our dedicated team.

Turn your gaze to property selection with our highly specialized lawyers, where you can choose your dream home without being physically present in the UAE. Our real estate consultants handpick residences that match your criteria, and our legal experts orchestrate a seamless transfer of ownership.

The well-being of you and your family takes center stage as you undergo comprehensive medical examinations at a prestigious UAE clinic, including infectious disease testing and health status certification through fluorography.

As you secure your property and complete your health assessment, your golden visa journey progresses to visa application and biometrics. Our legal experts stand by your side as you and your family visit the UAE to apply for visas and submit biometric information to the General Directorate of Residency and Foreigners Affairs.

Your patience is rewarded with the final step, where your application typically concludes in just five to seven days, though it might take up to two months for approval. After this, you and your family will be proudly holding your UAE residence visas.

Frequently Asked Questions

Do I need to have a Monthly Salary to be Eligible for a Golden Visa in the UAE?

Yes! A minimum monthly salary of AED 30,000 is required for eligible professionals for a golden visa in the UAE. This is a key criterion, and while it may appear difficult, it is a step toward realizing your dream in this amazing place. The AED 30,000 threshold should be viewed as a motivator rather than a hindrance. It represents your commitment to reaching your goals in the UAE, and with patience and the help of professionals, it's a goal well within reach. However, if you are applying for a Golden Visa under the category of executive directors, you need to have a salary of at least AED 50,000. So, embrace this characteristic and use it as a springboard to securing the golden visa and unlocking a world of opportunities. Your dream in the UAE is waiting for you, and it's well worth the effort to make it a reality.

How Long Can You Stay Outside the UAE?

Once you've obtained your golden visa and your dreams are within reach, it's natural to wonder about the duration you can spend outside the UAE without impacting your golden visa status. With a golden visa, you can enjoy life outside the UAE for more than the usual period of six months without jeopardizing your cherished residency. It's a balance that grants you the freedom to explore the world, while the golden visa remains a steadfast anchor to your dreams in the UAE. Although there is a time limit, it still offers a level of flexibility and opportunity that few visas can match. 

Can I Buy A Golden Visa In UAE?

To take advantage of this fantastic opportunity to guarantee your future in the magnificent UAE by investing AED 2,000,000 in real estate. With a 10-year Residency Visa, you'll not only own a piece of this wonderful land but you'll also be welcomed into its rich culture.

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