Know about Dubai Golden Visa

Launched back in 2019, the UAE Cabinet introduced the Golden Visa, a long-term residence visa in the UAE. It comes in a 5-year and a 10-year visa, offering expats the ability to live, work, and study without the need for a sponsor. It even allows for 100% ownership of a local business inside the UAE, which is incredible.

That being said, let's delve deeper into the Golden Visa and talk about what it has to offer:

What Is the Dubai Golden Visa?

The Dubai golden visa is a special type of residency permit that allows certain foreign nationals to live and work in Dubai. The visa spans five years and ten years, depending on what you get, and to be eligible for a Dubai golden visa, you must meet certain criteria. For example, you must have a valid passport and a valid UAE visa. You must also be employed in a certain profession or have investment funds in Dubai.

What's the Difference between the 5-Year and 10-Year Dubai Golden Visa?

The 5-year Golden Visa is for foreign investors who want to invest in a UAE company or property, and they're perfect for other positions such as startup owners, engineers, and so on. The 10-year Golden Visa is also for the same group of people. However, the requirement is a little more strict on that part.

Both types of Golden Visas allow investors to live and work in Dubai, and they provide a path to citizenship. However, the 10-year Golden Visa provides more benefits, including a longer residency period and the ability to set up your own business.

Who Is the Dubai Golden Visa For?

The Dubai Golden Visa is a residency permit for foreign investors and their families. It allows investors to live and work in Dubai and provides them with a number of benefits, including access to healthcare and education.

The Golden Visa is open to investors from all nationalities. However, there are a few requirements that must be met in order to be eligible.

First, investors must have a minimum investment of AED 5 million (10 million if applying for the 10-year visa). This can be in the form of cash, property, or shares in a UAE-based company. If an investment cannot be made, then they can still apply but under the specialized talent category.

Second, investors must have a valid passport and be at least 21 years of age.

Third, investors must have health insurance that covers them and their dependents.

Fourth, investors must not have any criminal records.

Once these requirements are met, investors can apply for a Golden Visa. The application process is relatively simple and can be done online.

Conclusion

If you're looking to start a business or grow your profession in Dubai, then the Dubai Golden Visa may be the perfect option for you. But of course, it is vital for you to know the pros and cons for each option, picking one that fits your needs best and one that you are eligible for. If you need help, feel free to reach out to professionals that can assist you in finding, understanding, and applying for the right visa option!

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