Everything About The Golden Visa Dubai 2023: Benefits, Requirements, Price & More

Golden Visa Dubai is one of the most sought-after visas in the world. It is one of the latest incentives introduced by the UAE government launched in 2019. The introduction of this visa is expected to attract high-net-worth individuals and foreign investment to Dubai.

This visa provides individuals and families long-term residency, provided they meet some specific investment requirements. With this visa, you can study work, and live in Dubai for an extended period of time. This visa has been introduced to suit the needs of various professionals, entrepreneurs, and investors mapping to various industries and countries worldwide.

In this blog post, we will cover everything you should know about Dubai’s Golden Visa including the application process, its benefits, the eligibility criteria, and how it can be compared to similar programs in other countries. Whether you are just curious about this program or thinking about investing in Dubai, this blog will act as a guide with all the information you may require to make an informed decision.

Types Of Golden Visas Dubai

The Dubai Golden Visa program offers a range of visa options to attract investors, entrepreneurs, and skilled professionals to the city.

Depending on your individual circumstances and investment goals, you may be eligible for one of the following types of visas:

Visa for Business

According to the current Golden Visa qualifying categories, A Golden Visa can also be obtained by business individuals, such as startup investors. However, the company must be registered in the UAE to qualify for Dubai’s Golden Visa. Furthermore, their business or startup must meet the criteria for small and medium enterprises (SMEs).

The annual revenue of their firm must be AED 1 million or more, according to the Golden visa criteria. If your company does not meet these requirements, you may be denied a Business Golden Visa.

The demand for a Business Golden Visa appears legitimate, as it will provide small businesses with prospects for expansion. Furthermore, nothing functions as a better business hub than Dubai. Obtaining a golden Business visa is thus a win-win situation for the business and the Dubai economy.

Visa for Investors

Investors and their dependents can dwell abroad with the help of a golden investor visa. If investors meet the Golden Visa eligibility conditions, they can immigrate to Dubai with their families. If you are an investor and want to know how to receive a golden visa, you should look at the eligibility section. We covered the Golden Visa eligibility for investors separately there.

You should know that the Golden Visa for Investors is a fantastic opportunity for you and your family to establish a bright future. Given the long duration and renewability of the Golden Visa, you can be confident in the quality of educational opportunities. Thus, it assures excellent chances and prospects for your children.

Visa for Talent

Given the importance of the fourth industrial revolution, the UAE government is leaving no stone untouched. It has extended the Golden Visa category to highly talented individuals to boost scientific research and development. This comprises doctors, scientists, doctoral scholars, and engineers.

The UAE government is partnering with over 500 universities to invite Ph.D. scholars worldwide. The long immigration period of the Golden Visa will offer them enough time to conduct their studies in Dubai. Furthermore, to stimulate young brains, it assists bright youngsters in obtaining education opportunities in Dubai. As a result, those who thrive academically can immigrate to the UAE and gain the best foreign education experience.

Visa for Retirement

The Golden Visa program permits retirees and their dependents (spouses and children) to immigrate to Dubai. All they need to do is provide their relevant documents and proof of sustainability to get the Golden Visa. A few extra categories of eligibility may be described in a different section.

The Golden Visa for Retirees allows them to live a relaxed life in Dubai. Modern amenities and a quick process will give them a comfortable life in Dubai. If you are ready to retire, Dubai’s golden Visa is a terrific alternative to consider.

Requirements For Dubai Golden Visa

Business

• Ownership or involvement in a small or medium-sized business
• Registration of a company with the UAE authorities
• Yearly sales should not exceed AED 1 million.
• Prior business ventures should have a minimum value of AED 7 million.

Investors 

• Entails a minimum public investment of AED 10 million.
• Entails a non-real estate component accounting for 60% of the overall investment.
• Requires investor to have complete asset ownership status.
• The investor must be able to keep the money invested for at least three years.

Talent 

• Evidence of expertise and accomplishments from relevant departments and ministries.

Retirement

• The applicant for a golden visa must be at least 55 years old.
• A stable annual income of AED180,000 is required.

Benefits of Dubai Golden Visa

Some of the key advantages of the Dubai Golden Visa are listed below:

• Golden visa holders will receive discounts on public services like healthcare, banking, education, etc.
• Investors will profit from the lower mortgage interest rate when making real estate investments anywhere in the UAE.
• The UAE authorities can provide entrepreneurs with economic incentives and project arrangements. Furthermore, they can form alliances with leading businesses, providing them with several growth opportunities.
• Retired visa holders can obtain low-cost life and health insurance for their spouses and themselves.
• Visa holders will also receive priority bookings for four-wheelers at discounted prices.
• During their stay in the UAE, Visa holders are also entitled to excellent hospitality services. They will have cheap access to the best wellness centers and leisure facilities.

How To Apply For The UAE Golden Visa Dubai?

In general, the visa application process is lengthy. You must maintain track of minute terms and rules while drawing out all the formalities and official activities.

However, doing your homework before applying will save time and effort. Knowing the Visa application procedures can speed up the visa approval process. We have explained the paperwork process, fees, and further details below.

Documents necessary for the Golden Visa in Dubai

Various sorts of visas require different sets of documentation. All of the necessary documentation for the approval of your Visa application can be found below.

Investors and Business Visa

• According to the rules, investors must demonstrate a deposit of AED 2 million or more.
• To secure a company license, an investor must present a NOC (no objection certificate) and a Memorandum of Understanding.
• Investors must also provide a Business and Personal Bank Statement.
• Investors must produce a copy of their passports when applying for a visa.
• In addition to their passport, individuals must have a copy of their visas.
• You must provide the authorities with two recent pictures of your Visa ID.
• You must have valid medical insurance and submit a copy with your application.
• You must have undergone all medical tests and show the results as proof.
• You must have your Emirates ID with you when you apply.
• The most recent one-year audit report must be presented to Visa officials.

Investors and Business Visa Price: AED 3,860 

Talent Visa

• Whether an artist, athlete, or scientist, you must get an authorization letter from the Department of Culture and Arts.
• If you are coming to Dubai to pursue higher education or a doctorate, you must have a copy of your Ph.D. certificate. Also, this copy must be signed by the Ministry of Education in one of the priority subjects.
• If you are a bright student, you must have a reference letter from the Ministry of Education.
• If you are coming as a scientist or engineer, you must have a certified copy of your university degree as part of your immigration papers.
• In addition to their passport, individuals must have a copy of their visas.
• You must provide the authorities with two recent pictures of your Visa ID.
• You must have valid medical insurance and submit a copy with your application.
• You must have undergone all medical tests and show the results as proof.
• You must have your Emirates ID with you when you apply.
• The most recent one-year audit report must be presented to Visa officials.
• You must produce a copy of your passport when applying for a visa.
• You must produce a copy of your visa and labor contract paperwork for a golden visa application.

Talent Visa Price : AED 2,790 

Retirement visa

• You must produce passport copies for yourself and your dependents as a retiree.
• If you claim your spouse as a dependent, you must provide a copy of your marriage certificate. This will act as evidence of union.
• If you are a Dubai resident, please affix a copy of your current Visa.
• You must also supply a duplicate of your and your dependent’s Emirates ID.
• You must show eligible proof of income that indicates your source of income. The beneficiary’s name and the beginning date must be displayed on the paperwork.
• You must provide copies of your monthly bank statements to demonstrate that you have a stable financial situation in the future.
• You must submit proof of retirement to validate your retirement status. This document must include the name of the most recent firm you worked with and the post name. 

Retirement Visa Price: AED 3,715

Golden Visa Dubai Approval Time & Application Status

In general, golden visa applications are processed within 48 hours. Following this, you must proceed with the nomination. The notification for your Visa nomination typically lasts 30 days. The authorities will email you a link to validate your nomination. You will be taken to another page when you click on this link. This page will prompt you to upload a few key visa documents. Following this, the authorities will proceed with the verification of your application.

If everything goes as planned, you should receive your Visa within a week after submitting your documents. If we do the math, the visa golden visa approval will take at most 1.5 months. Also, you must be patient during the process, as it may take even longer than that.

Dubai’s Golden Visa is an excellent start in making Dubai and the rest of the UAE more welcoming to foreign visitors. It also invites individuals from all over the world to visit Dubai and mingle. As a result, the Golden Visa is a strategic method for promoting togetherness and business.

Furthermore, applying for a Golden Visa comes with benefits not available with other Visa schemes. As a last point, please act quickly if the thought of visiting Dubai has entered your mind. If you are eligible, you should take advantage of this chance. After all, you can visit and stay in one of the world’s most modern cities. 

Frequently Asked Questions