Published
December 19, 2023
Category
Residency by investment programs

Everything about the UAE Golden Visa

The UAE Golden Visa program serves as a pathway to long-term residency, enticing a wide spectrum of people, including investors, entrepreneurs, extraordinary talents, academics, and prospective students. It promises security, possibilities, and prosperity right in the heart of the Middle East.

Property investment is a key route to acquiring the Golden Visa. Those who invest more than 2,000,000 AED are granted a 10-year visa, while those who invest more than 750,000 AED and less than 2,000,000 AED are allowed a 2-year residency with the option of renewal, however, it is important to note that this is part of the investment visa program and not the Golden visa. 

The Golden Visa, with its expanded categories and eligibility, is projected to strengthen the UAE's position as one of the world's leading hubs for global business and investment.   

UAE Residence Visa Fees Determined by Permission Period

The ability to obtain a residence visa in the United Arab Emirates is intimately tied to real estate investment. The UAE provides two unique residency authorization periods based on real estate investment, each catering to various financial requirements and personal conditions.

10 Years Residency Visa through Real Estate Investment

For those wanting the stability and security of a 10-year UAE resident visa, the path is clear: real estate investment. You can acquire a decade-long visa in the heart of the Emirates by investing a minimum of AED 2,000,000 (about USD 550,000) on a house. This presents an intriguing opportunity for individuals and families looking to build roots in this developing region.

Choice efficiency

Long-term Commitment: Investing a minimum of AED 2,000,000 in real estate demonstrates a substantial commitment to the UAE. This long-term visa allows individuals and families to plan for the future with confidence.

Business Opportunities: A 10-year visa opens doors to a wide range of business opportunities, making it an attractive option for entrepreneurs and investors seeking to explore the UAE's thriving economy.

Stability and Continuity: It ensures stability and continuity in personal and professional endeavors, offering a secure base for investments, education, and career development

Choose the Best Investment Program

Clarity and simplicity might be crucial when choosing the best investment option for obtaining a UAE Golden Visa. The UAE distinguishes itself by providing uncomplicated investment options, primarily in real estate. These investment paths offer a variety of timelines and investment criteria, making the decision-making process accessible to a wide range of people.

Real estate investment is the most popular way to obtain a long-term 10-year Golden Visa. Applicants can obtain a decade of residency in the heart of the Emirates by depositing a minimum of AED 2,000,000.

In this decision-making process, guidance from experts like Mirabello Consultancy is invaluable. Our team works closely with investors, carefully assessing their personal and family objectives. By tailoring advice to an individual's citizenship, life direction, and aspirations, we ensure that every investor makes an informed decision that best serves their distinct needs and goals.

Benefits of Golden Visa in UAE

The UAE Golden Visa opens the door to a life of financial security, worldwide mobility, and family harmony. It not only improves your current state of well-being, but it also lays the way for a brighter future by providing a variety of benefits that appeal to a wide range of personal and financial goals. Obtaining the UAE Golden Visa opens the door to a wealth of perks, including financial, lifestyle, and future planning advantages. Here are some of the main advantages:

Taxation Benefits

One of the most enticing benefits in the UAE is the favorable taxation regime. Income, capital gains, and properties are exempt from taxation, and there is an absence of inheritance and gift taxes. This financial haven not only enhances your present financial stability but also safeguards your wealth for generations to come, making it a strategic choice for legacy planning.

Bank Account Opening

The UAE Golden Visa provides you with the opportunity to open bank accounts with ease. This not only simplifies your financial transactions but also allows for efficient international transfers and currency management. Your newfound financial flexibility empowers you to seize global investment opportunities and manage your assets across borders.

Path to UAE Citizenship

Perhaps one of the most significant advantages is the accelerated path to UAE citizenship that Golden Visa holders enjoy. This unique opportunity typically requires a significantly shorter period of residency, allowing you to embrace the prospect of full citizenship more swiftly.

Family Inclusion

The Golden Visa program is not just for individuals; it extends its warmth to families as well. One of the key benefits is family sponsorship, enabling the inclusion of spouses and dependent children. This provision not only fosters family unity but also extends the same benefits and opportunities to your loved ones. It allows your family to share in the advantages of living in Dubai, making it an inviting proposition for those looking to begin a new chapter together in the UAE.

International Driving License

One more perk that comes with the Golden Visa is the ability to obtain a driving license that's recognized in various countries, including the US, UK, Spain, and many more. This enhances your mobility and convenience, ensuring that your transition to life in Dubai is seamless and equipped with the freedom to explore the world.

Requirements and Costs for Obtaining a Golden Visa in UAE

Obtaining a Golden visa in the United Arab Emirates has several criteria that you have to meet before applying for it. 

Age and Financial Proof

The primary applicants, both the investor and the investor's spouse, should be at least 18 years of age. Additionally, they must provide evidence of their financial capacity as part of the application process.

Investment Criteria

To qualify for a UAE Golden Visa, you'll need to meet specific investment criteria based on your professional category. The Golden Visa is available to various categories of applicants, which include:

Investors

Real Estate Investors

Entrepreneurs

Executive Directors

Doctors

Scientists

Creatives (Art & Culture)

etc 

Costs

Minimum Real Estate Investment: The investment threshold for obtaining a Golden Visa through real estate investment is a minimum of AED 2,000,000, which is approximately USD 545,000 or equivalent in your local currency.

State Fees for the Visa: When your application is approved, there are additional state fees for the visa itself, which amount to AED 3,860 per person or approximately USD 1,050.

Application Process for Obtaining a Golden Visa in the United Arab Emirates 

Due Diligence

The first step in your visa application process is the due diligence process. Mirabello Consultancy conducts an initial screening to establish the foundation for the program’s main Due Diligence process. A confidential assessment is conducted to identify any potential issues and enhance the likelihood of successful visa applications. Your documents are reviewed by a CMLO who is familiar with the nuances of UAE due diligence.

Documentation & Visa Preparation

Our legal experts will provide you with a complete set of documents to help you complete your visa application. You will need to submit your original documents, which will be followed by a series of procedures. The legal professionals at  Mirabello Consultancy will provide translation, notarization, and consular legalization for you.

Property Selection & Acquisition

The next step is to explore property purchasing options. You will be able to select a property without having to go to the UAE. Your real estate consultants will provide you with a list of homes that match your needs. The legal experts will facilitate the purchase and sell agreement, ensuring that the transfer of ownership is as smooth as possible.

Medical Check-Up

Once you have completed the 6-month visa application process, you will be able to visit suitable properties, get your medical checkup, and start your golden visa application process in the UAE.

Get your 10 Years Golden Visa in UAE 

After you’ve secured your property and completed your health screening, it’s time to start your visa application process.

You and your family will travel to the United Arab Emirates (UAE) to apply for a visa and submit your biometric data to the General Directorate of Residency and Foreigners affairs.  Mirabello Concultancy’s legal professionals will guide you every step of the way, making sure your visa application goes as smoothly and quickly as possible.

FAQ 

How Long Does It Take to Receive a UAE Golden Visa?

The process of obtaining a UAE Golden Visa typically takes around two months. This timeline provides applicants with a reasonable expectation for the duration of the application procedure, allowing them to plan and prepare for their prospective opportunity in the United Arab Emirates.

What is a UAE Golden Visa?

The UAE Golden Visa program was established to diversify the country's economy and promote innovation by attracting a varied range of talents and investments. This project not only allows winners to live in the UAE, but it also promotes the country as a global economic and lifestyle center. It has gotten a lot of attention because of its potential to change the lives of individuals who take advantage of this great chance.

Who is Eligible For a UAE Golden Visa?

Entrepreneurs and investors who meet certain conditions may be eligible for a UAE Golden Visa. Entrepreneurs must invest at least 2,000,000 AED in a UAE firm, conform to specific business kinds, submit a business plan, and participate actively in business management. Investors, on the other hand, can qualify by making significant real estate investments in the UAE, reaching minimum financial levels, committing to investment periods, and adhering to applicable regulations.

Who Else Can Apply for a UAE Golden Visa?

Notably, not only investors can receive the coveted Golden Visa in the UAE. Scientists and remarkable professionals might pursue alternate paths to achieve this coveted position without relying entirely on funding.
Outstanding specialized talents

Outstanding specialized talents include:

Doctors

Scientists

Creative People Of Culture And Art

Inventors

Executives

Specialists In Scientific Fields

Athletes

Doctoral Degree Holders And

Specialists In The Fields Of Engineering And Science

Subjects relating to engineering and science include

Epidemiology And Viruses

Artificial Intelligence

Big Data

Computer Engineering

Electronic Engineering

Software Engineering

Electrical Engineering

Genetics And Biotechnology Engineering.

The list is taken from the official government website. 

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