The Golden Visa in Dubai: everything you need to know about this sesame!

The Golden Visa program in Dubai offers the opportunity to stay in the city for a period of between 5 and 10 years. Focus on this program in a few figures.

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Visas from 2,800 dirhams

The price of the Dubai Golden Visa depends largely on the type of service and visa category you are applying for. If you are applying from the United Arab Emirates, the Dubai Golden Visa costs between 2,800 AED and 3,800 AED. If you are applying from outside the country, the UAE Golden Visa costs between 3,800 AED and 4,800 AED.

For this fee, you'll benefit from a resident visa that allows you to stay in the country. between 5 and 10 years.

A visa issued for 5 or 10 years

The Golden Visa system for Dubai allows foreign nationals to live, work, do business and study in Dubai. Dubai or anywhere in the Arab Emirates united without the need for a national sponsor. In addition, foreign business owners and investors are also allowed to to own 100 % of their company in the United Arab Emirates. This visa is issued for 5 or 10 yearsautomatically renewable.

The Golden Visa system essentially offers long-term residency to people in the following specified groups

• Investors
• Contractors

People with exceptional talents such as :

• Researchers
• Health professionals
• Outstanding students in the fields of science and knowledge.

However, to benefit from the Golden Visa, you must prove certain income or investment in Dubai.

250,000 dirhams tax per year to stay 10 years in Dubai

You can apply for a 10-year Golden Visa without a sponsor only if your investments in the UAE are worth at least AED 2 million. These take the form of UAE-registered investment funds or a commercial or industrial license. However, as investors, it is also possible to obtain the Golden Visa by being the owner of a tax-generating business in the UAE. of at least AED 250,000 per year to the Federal Tax Authority.

If you don't meet these conditions, you can still apply for a 5-year Golden Visa as a landowner in Dubai.

Property worth $2 million to stay 5 years

Anyone with properties worth AED 2 million or more in the United Arab Emirates can apply for a 5-year Golden Visa. However, properties must be loan-free.

In addition, retired foreigners aged 55 and over who do not meet the eligibility criteria for investors or business people can apply if they have an investment of AED 1 million or an income of AED 20,000 per month.

If you meet these conditions, you'll need to put together your application and wait for it to be validated before you can obtain your Golden Visa.

30-day lead time to determine Golden Visa eligibility

Processing time for the UAE Golden Visa is approximately 48 hours once all required documents have been submitted. If you apply, you receive an e-mail within 30 days informing you of the outcome of your application. Once the nomination has been approved, you will receive a link by e-mail to download the documents required for the visa.

Finally, within a few weeks of uploading your documents, the authorities will verify your application through the Federal Authority for Identity and Citizenship, and you will receive your visa.

If you are currently living in the UAE, you will receive a one-month temporary visa. You must then convert your temporary visa into a residence permit.

A large number of Golden Visas were approved in the first year of circulation of this precious sesame.

44,000 Golden Visas issued by 2021

The Golden Visa program was launched for the first time at the end of 2020. The first year, 44,000 visas issued in Dubai alone.

Not all beneficiaries are investors or entrepreneurs. In fact, dozens of high-school students who achieved high marks and obtained golden visas for themselves and their parents.

If you are refused, you can always stay in Dubai for a 6-month period.

A 6-month visa in case of refusal

If you currently reside outside the United Arab Emirates, you will receive a 6-month visa to enter the country, explore its opportunities and settle in.

To apply for this multi-entry visa, you need to fill in an online form. There is one for investors, and one for entrepreneurs and exceptional students. The cost is 1,150 dirhams.

The 6-month visa for talented people is a single-entry visa. During this period, you must convert your temporary visa into a residence permit.

Since the end of 2020, when the Golden Visa was launched, more than 100,000 contractors in the digital sector have already obtained this visa.

100,000 digital entrepreneurs already awarded Golden Visa

The United Arab Emirates granted Golden Visas to 100,000 entrepreneursThe Emirates news agency reported that the company's directors were the owners of companies and startups specializing in coding.

The announcement is in line with the country's goal of creating 1,000 large digital companies over the next 5 years to strengthen the UAE's digital market and secure the infrastructure needed to increase innovation and creativity. In this way, the country is poised to keep pace with global trends and challenges in a wide variety of fields.

One of the areas that has benefited most from this entry program is Dubai's real estate market.

22.7 billion in real estate profits thanks to Golden Visa

Dubai's real estate market has recorded sales of AED 22.7 billion in June. The highest sales figure in 13 years. The market has thus reached almost 71% of the total 2021 sales volume. Property developers in the United Arab Emirates are now using the Golden Visa program as a lever for real estate sales.

While entrepreneurs and real estate investors benefit from the Golden Visa, Dubai is also keen to attract students from all over the world.

Students from 100 universities benefit from Golden Visa program

Graduates of the top 100 universities of the world can now apply for the Golden Visa in the United Arab Emirates. This offer comes as part of new government measures announced to attract international talent. As a result, students with exceptional grades can now live with their families in Dubai for between 5 and 10 years.

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