What Is Golden Residency Visa in Dubai – All You Need to Know

The Golden Residency Visa of Dubai captures global attention among investors, business owners, and skilled foreigners from around the world. Many people discuss the Golden Residency Visa, but no one explains what is Golden Residency Visa in Dubai and why it matters. So, let us guide you through the details about the Golden Visa, including who meets its criteria, how to apply, what benefits come with it, and how it can help you pursue your future in Dubai.

What is the Golden Residency Visa Program in Dubai?

The UAE Golden visa system grants foreign talents long-term Dubai residency while offering them unique financial privileges, including entry permission with multiple visits before residence processing.

1. Foreign talents can enter multiple times during six months to get a permanent residence approval.
2. A long-term residence visa valid for 5 or 10 years.
3. You can stay in Dubai without requiring a local supporter.
4. Foreign talents can stay outside the UAE for longer than six months to maintain their residency status.
5. Petitioners can invite their family members to live permanently in Dubai regardless of spouse or dependent age.
6. Employers can sponsor unlimited domestic helpers under their employment term.
7. The Dubai government will grant extended stay permits to spouses and children when the UAE Golden visa holder dies during the permitted time.

What Type of Foreign Nationals Can Obtain a Dubai Golden Visa?

Many expats can enter Dubai on the golden visa for 10 years, no matter their chosen field of study or work. The Dubai golden visa program offers entry to both professional and academic talents, including these categories of people:

• Entrepreneurs: They need to show a major investment amount of 500,000 dirhams* recognised by UAE auditors
• Specialised talent: Doctors, scientists, artists, inventors, athletes, Doctoral degree holders, and many others
• Humanitarian workers: Certain members, outstanding employees, and funders of humanitarian organisations
• Frontline heroes: Nurses, medical assistants, lab technicians, pharmacists
• Investors: Real estate investors and public investors
• Students: Both high school and university students can study in the UAE.

Required Documents Needed to Get a Golden Visa in Dubai

Now you know what is Golden Residency Visa in Dubai is and who is eligible for it, let’s move on to its requirements.

The Dubai Golden Visa system lets people live in the country for 10 years to boost business success and develop a better environment for growth. The following are the requirements for different categories:

1. Investors

A visa approval letter requires the following documentation:

• You have a clear business concept and an approved plan to start your business operations in Dubai.
• For UAE residency, the investor needs proof of 2 million dirhams deposited in a certified investment fund approval or displays the business license alongside their partnership agreement showing a minimum investment of the same amount.
• You can receive a long-term residency visa by becoming a partner in both new and existing companies with a minimum AED 2 million* investment that does not include loans.
•  The investor must present a Federal Tax Authority document that shows their company overtly meets the government tax requirement of 250 thousand dirhams* per year.

2. Real Estate Investor

The required visa registration rules consist of these essential guidelines.

• The Real Estate Registration Department of his relevant emirate needs to issue a document showing he owns properties worth at least two million dirhams without any loans attached.
• The documents required show where you live in the nation, either through ownership of your home or a lease agreement.

3. Entrepreneurs

Visa issuance follows these specific rules:

• The authorities in the emirate verify that the project qualifies as technical or future work done by the project owner.
• A business incubator in Dubai approves the set of planned business activities within the nation (set by the project owner).
• A valid passport copy.
• A new health insurance must be active for one year, plus can be renewed.
• You need to show evidence of your living situation in the nation as either a homeowner or a renter.
• The application process for these forms stays the same except in the Abu Dhabi and Dubai emirates. People make their submissions through the official business incubator facilities, which currently operate as AREA 2071 in Dubai.
• After your name is approved through nomination, you will get an invitation from the General Directorate of Residency and Foreigners Affairs to start the visa application process. 

4. Outstanding Specialised Talents

Professionals who qualify for this visa program include doctors, scientists, artists, inventors, executives, and athletes, plus people with a doctorate in any field of science, including engineering, and specific areas of study like epidemiology, artificial intelligence, computer science, and genetics.

Dubai requires investors to fulfil these specific guidelines to obtain a visa:

First: Talented People (Doctors and Scientists):

• Medical doctors need proof through a letter from the Ministry of Health to practice medicine in their home country.
• A school letter from both the Emirates Council of Scientists and the Sheikh Mohammed bin Rashid Al Maktoum Award for Academic Excellence that verifies his Academic Excellence Medal status.
• A valid passport copy.
• The required health insurance must remain active for at least one year and can continue after that period.

Second: Talented People (Artists and Investors):

• This includes creative people in the fields of culture, art, and innovation.
• The applicant needs written approval from the Department of Culture and Arts in their emirate’s government. (People of culture and art).
• A recommendation letter from the Ministry of Economy (for inventors).
• A valid passport copy.
• A patient needs to show their active Health insurance Card for at least one year and extend it further for renewal.

Third: Executive Directors:

• The university granted them an accredited diploma.
• Minimum 5 years of experience.
• Salary not less than AED 50,000*.
• Valid work contract.
• Valid passport copy.
• The healthcare card needs to be valid for at least one year, with an option to renew it.

Fourth: Specialists in the Fields of Science and Athletes:

• Personalised education must match the rare scientific program list approved by official authorities in the United Arab Emirates.
• Applicants need a letter of recommendation from the General Sports Authority, working sports councils, as an athlete.
• Valid passport copy.
• A valid health insurance card needs to exist for at least one year, and renewals are possible.

Fifth: Holders of Doctoral Degrees and Specialists in Engineering and Science:

• To hold a PhD certificate issued by the Ministry of Education in the designated priority scientific fields.
• Submit official transcripts of your university degree acquired from the Ministry of Education in the majors of engineering or science.
• Apply with an employment agreement in the fields of engineering or science.
• Valid passport copy.
• Apply with a minimum one-year valid health insurance card that can be renewed at any time.

Sixth: Outstanding Students:

The rules for receiving a visa for this category are outlined below:

High School Student:

• Send a letter of recommendation from the Ministry of Education.
• Those who study high school through a Golden Visa can keep it for five years without needing a UAE-based sponsor and may renew their permit after additional educational requirements that last more than five years.
• The students can bring their parents and brothers into the UAE as dependents under their sponsorship, according to the Federal Authority for Identity and Citizenship rules.

University Student:

• The university letter confirms his GPA stays above 3.8.
• The government of the UAE provides a 10-year Golden Visa. It allows applicants to sponsor their parents and brothers when they meet special requirements at the Federal Authority for Identity and Citizenship.
• Students are permitted to support their wives and children financially when they have enough money.

Final Words

Understanding what is Golden Residency Visa in Dubai reveals its wide set of opportunities. This 5 to 10-year visa lets qualified foreign experts, investors, and outstanding professionals live and work in Dubai without requiring a local sponsor. So, those who want to establish a career in the UAE should apply for the Golden Visa, which grants entry for many people while allowing them to sponsor family and spend years abroad.

If you’ve decided to start this journey, Xpert Advisory is here to support you. Our team of experts will take care of all the formalities and legalities involved in the process so that you have a seamless experience that is free of hassle. Contact us now to help you set up your life in Dubai while you prepare your plans!

FAQs

Do Golden Visa Holders Have Freedom to Move Between the UAE’s Emirates?

Yes, individuals who receive Golden Visa permits can move freely around all regions of the United Arab Emirates.

What Is the Processing Timeline for Golden Visa Applications?

It requires 5 days from document submission and approval to achieve the Golden Visa issuance.

What Is the Fund Requirement to Get a Dubai Golden Visa?

Eligibility for the golden visa requires an investor to possess a UAE-based AED 2 million* investment portfolio. Your submitted funds need to be your capital, since borrowed resources do not match the program requirements.