UAE Golden Visa for Investors in Public Investments

The government of UAE has taken major steps in positioning itself as a global hub for business and investments. The Golden visa is one of the initiatives that have played a big role in making this plan achievable by allowing the investors to live and work in Dubai for a long period without having to keep renewing visas.

The Golden visa was introduced in UAE in 2019 with an objective of encouraging foreign investors to invest in UAE and this in turn contributes to the economic growth of the country. However, there are some requirements that one needs to meet in order to be considered eligible for a golden visa as an investor in public investment.

This article seeks to give you an informative guide on the Golden visa on this category of investors exploring the requirements, the application process and the benefits the holders of this visa get to enjoy once they have the visa.

The investors in public investments have to meet some requirements to be eligible for a golden visa. This is to ensure that they are resourceful to the country and they truly contribute to the economic growth of the UAE. The requirements include:

Minimum Investment Amount

The applicant seeking to be granted a golden visa as investors in public investments must have an investment deposit of at least AED 2 million. The investor should provide a letter issued by an accredited investors fund confirming that the investments are made.

Alternatively, if the investors have invested in an industry they are required to present a valid commercial or industrial license or a memorandum of association showing that the capital invested is AED 2 million and above.

Taxation Requirements

To ensure that there is tax compliance which in turn helps the government generate revenue for development the investors must produce an accredited letter from the federal tax system confirming that the individual pays tax of at least AED 250000 every year.

The UAE government clearly states the type of investments that they consider an investment in public investment. Any investment outside that is not considered as such and therefore it is very important for any applicant to be aware of this before applying for the golden visa. The eligible investments include.

• An investment in s company in UAE with a minimum capital of AED 2 million
• Investments in UAE based companies with the set minimum capital.
• Investment in an investment fund that is accredited by the government of UAE.
• A partnership in a new or existing company in UAE with minimum share capital of AED 2 million.

There are some conditions put to the investors seeking the Golden visa under this category and they include;

• The investor should own the capital completely and it should not be a loan.
• Lastly the investor must produce medical insurance for himself and the family if any.

Some of the applicants do the application living in Dubai while others are outside and this is what differentiates the process. The only difference is that those applying from outside Dubai will need to apply for a prepaid visit visa or travel to Dubai if they are eligible for a visa on arrival.

Once they are in Dubai the process involves:

1. Test for eligibility

This is the process of ensuring that you meet all the requirements for the Golden visa as an investor in public investment. Check all the conditions and ensure that you meet them. To ease this, you can contact the Arabiers teams to help you in the process.

2. Prepare needed Documents

After you have confirmed that you have all the necessary requirements for investors in public investment ensure that you gather all the supporting documents that are required.

3. Pay the service fee

You pay the service fee after submitting paperwork for processing. This fee helps to cover the cost of processing and the Arabiers team offers different ways of paying.

4. Submit Application

Arabiers teams will help you in submitting the document to relevant authorities in Dubai.

5. Biometric Data

Ensure that you attend any appointment required for collection of biometric data such as fingerprints and facial recognition.

6. Medical examination

Ensure that you get the medical examination and they meet the required standards.

7. Wait for Approval

As the visa is getting processed, you wait for the process to be completed. The process might take time but this depends on the department and category.

8. Receive Golden Visa

Upon approval, you will receive your Dubai Golden Visa, which will grant you Dubai residency with a specified period.

9. Get your Emirates ID

The Emirates ID is an identity card issued by federal authority and it helps one be able to access services in the country.

10. Get the UAE Pass

This is a secure digital ID that allows you to access the various services the government provides. It allows you to log into the government sites through the internet without having to visit various service centers.

11. Enjoy Benefits

You can now enjoy the benefits of the Dubai Golden visa such as education, health and work at one of the best cities in the world.