The Golden Visa is a special type of residency visa that is granted to investors, entrepreneurs, and talented professionals who contribute to the UAE’s economy. This program was launched in 2019 and aims to attract foreign investment and top talent to the country. The purpose of this blog post is to provide Dubai buyers and investors with comprehensive information regarding the Golden Visa program.
What is the Golden Visa?
The Golden Visa is a long-term residency visa that is granted to individuals who invest in the UAE or demonstrate outstanding talent in their field. The program offers a range of benefits, including the ability to live and work in the UAE, as well as access to public services such as healthcare and education.
Who is eligible for the Golden Visa?
The Golden Visa is available to individuals who meet one of the following criteria:
Investors: Individuals who invest in the UAE with a minimum investment of AED 10 million.
Entrepreneurs: Individuals who start a business in the UAE with a minimum investment of AED 500,000, or who own at least 50% of a UAE-based company with a minimum capital of AED 500,000.
Talent: Individuals who excel in their field, such as scientists, doctors, researchers, and artists, among others.
What are the benefits of the Golden Visa?
The Golden Visa offers a range of benefits to its holders, including:
Long-term residency: The Golden Visa allows holders to stay in the UAE for up to 10 years.
Work permit: Holders can work in the UAE without the need for a separate work permit.
Family sponsorship: Holders can sponsor their family members for residency visas.
Access to public services: Holders can access public services such as healthcare and education in the UAE.
How do I apply for the Golden Visa?
To apply for the Golden Visa, you’ll need to follow these steps:
Submit an application: You can submit your application through the Federal Authority for Identity and Citizenship (ICA) website or through a registered typing centre.
Provide supporting documents: You’ll need to provide a range of supporting documents, such as your passport, proof of investment or business ownership, and evidence of outstanding talent.
Pay fees: You’ll need to pay the relevant fees, which vary depending on the type of visa you’re applying for.
Attend an interview: You may be required to attend an interview as part of the application process.
How long does it take to process the Golden Visa?
The processing time for the Golden Visa varies depending on the type of visa and the complexity of your application. However, the ICA aims to process applications within 30 days.
In conclusion, the Golden Visa program offers a range of benefits to investors, entrepreneurs, and talented professionals who wish to live and work in the UAE. If you’re considering applying for the Golden Visa, be sure to gather all the necessary documents and meet the eligibility criteria before submitting your application. If you have any questions or need further guidance, don’t hesitate to contact our agency for expert advice.
