How to Get Dubai Golden VISA? | Requirements and Benefits

There was a time when people dreamed of settling in megacities such as New York, Miami, or Paris. However, Dubai has now overtaken these cities to become the most preferred city in which to live. Those who dream of settling in Dubai or visiting the Emirate regularly wish to grab a golden visa that allows long-term residency. Dubai is known for its incredible growth in the industrial sector, offering a variety of options to job seekers with high advantages. In this blog here, we will go through the process of obtaining Golden Visa Dubai. Read out the information provided below to learn more.

Who can apply for a Golden Visa?

We all know that the Golden Visa of Dubai has quite several advantages, but only the Golden Visa holder can avail of them. Now, before we move on to the benefits list, take a look at the list of those eligible people who can apply for this Golden Visa. Without any further delay, let’s get into it.

Investors:

• If a person invests in an investment fund, then he will receive Golden Visa Dubai, this visa will be valid for a 10-year tenure without any sponsor.
• The person will have to submit a letter to the MOA (Memorandum of Association) stating that the capital of the invested fund is not below two million AED.

Entrepreneurs:

• As an entrepreneur you will get the visa for 5 years if but only in the case of an economic project that is technical or future nature-based.
• The UAE auditor must declare the project value to be more or equal to AED 500,000 and not below that.

Skilled Professionals:

• The people having specialized expertise in any of the activities which will contribute to the development of Dubai City are eligible to apply for Dubai Golden Visa.
• Individuals with high skills in various fields such as science, technology, art, and culture can apply.

Outstanding Students:

• Students who have received recognition from famous universities or educational institutes in Dubai.

Retirees:

• Only the retired individuals having financial stability of a certain level can apply.
• It is necessary for retired individuals to meet the financial criteria for Golden Visa Dubai.

What documents does an investor need to submit?

If you are applying for a Golden Visa as an investor, then there is a list of a few other documents that you need to submit. Therefore, take a glance at the list to learn about the documents and prepare them before the application:

• An authentic license of the company to signify the incorporation of the company and the share of investors in the company ownership.
• An official and fully updated Commercial Registration Certificate for the confirmation of the amount you paid for the investor’s share ownership.
• To confirm that you’ve deposited the required funds as capital, a Bank or investment fund letter will be needed. Also, remember that the investment amount needs to be at least AED 2,000,000.
• The next copy you need to submit is of the commercial register to confirm that there are no precautionary or executory attachments against the company.

What are the top 7 advantages of a Golden Visa for Indians?

The UAE initiated this program of Golden Visa Dubai in the year 2019 only, thus not much time has passed since the launch of this project. In the year 2022, the country was responsible for raising approximately 78,000 Golden Visas in the categories – also this number was 40% more than the previous year. Now that we know about the popularity of this visa, let us take a quick look at the top 7 advantages of this visa holders:

• Easily work, live, and study in the Emirates city for the next 10 years.
• One of the considerable advantages is that it has a close proximity to India, just 3 hours away from flight. Therefore, the easy travel is quite an advantage for the people.
• Your Golden Visa Dubai card can easily sponsor any number of domestic help for your home.
• Simplifying the procedure of visa application without seeking any sponsorship or employers who are certified residents of Dubai City.
• In case the primary cardholder of the visa dies, his sponsor, spouse, and helpers will still be eligible to stay till the end of their visa permit.
• It isn’t necessary by any means for the people to stay in the UAE after obtaining the visa. One can stay outside of the country as well for more than 6 months without affecting the residency.
• On real estate such as Emaar Vida Residences Club Point, health insurance, medical treatment, banking, cars, and hotel services you will be eligible to receive special discounts and deals.

How to apply for a Golden Visa Dubai?

Before you apply for the visa check on the eligibility from the factors explained above, and if you’re eligible then you can begin with the procedure. Not wasting any more time, let’s get you started with the step-by-step guide:

1. Come and visit the official site, and click on the service option from the menu.
2. Once the drop-down list opens, you will have to press on the eChannels Residency and Citizenship option.
3. Next a page of ‘Browse Smart Service’ will be presented to you.
4. On the said page, look out for the option of the Golden Residency and click on it.
5. From the shown list, opt for any one type of Golden Visa service that you’d like to apply for.
6. An application form will now be shown on the screen.
7. Submit all the required documents and enter all the details as asked.
8. Rectify all the mistakes and review the application for the final time.
9. Pay the application fee and press the Submit button.

With these straightforward nine steps, the application procedure for the Golden Visa Dubai has come to an end.

Summing it Up!

Now, we’ve finally reached the end of the Golden Visa Dubai, you can apply for this visa only if you fall into any of the eligibility categories. Dubai is a wonderful place to start a new life with your loved ones and explore different opportunities.