Written By Arabiers Digital & Reviewed by Khalid Al Suwaidi
17 July 2024 | 08 min read
The Golden visa for public investment investors is a long term visa that is issued to the investors who wish to invest in the United Arab Emirates. This is specific to those who invest in the economy of UAE and they are allowed to enjoy all the benefits that come with the visa. They are able to sponsor their families, employees and the visa can be renewed upon expiry.
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:
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.
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.
There are some conditions put to the investors seeking the Golden visa under this category and they include;
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:
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.
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.
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.
Arabiers teams will help you in submitting the document to relevant authorities in Dubai.
Ensure that you attend any appointment required for collection of biometric data such as fingerprints and facial recognition.
Ensure that you get the medical examination and they meet the required standards.
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.
Upon approval, you will receive your Dubai Golden Visa, which will grant you Dubai residency with a specified period.
The Emirates ID is an identity card issued by federal authority and it helps one be able to access services in the country.
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.
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.