The Dubai Golden Visa Redefined

Benefits of Dubai Golden Visa

This is one of the most sought after visa in Dubai since it has some of the best benefits to the holder. They include;

• Before issuance of the residence visa you are issued with a 6 months’ multiple entries visa as you proceed with the process.
• You do not need a sponsor.
• A long term residency of 5 to 10 years
• Ability to sponsor unlimited number of domestic workers.
• Ability to stay outside the UAE for more than 6 months and the visa will still be valid.
• The privilege to sponsor family members including children and spouses irrespective of their age.
• The family members can continue to stay in UAE even after the death of the Golden visa holder as long as the visa is valid.

Golden Visa Types and Requirements

The UAE according to the Cabinet Decision Resolution (56) of 2018 stated 14 types of expatriates that can get the golden visa. Every category of expatriate needs to meet the specific requirements for the specific type of visa. These are:

1. Investors in public investments
2. Real estate investors
3. Entrepreneurs
4. Outstanding specialized talents
   1. Doctors and scientists
   2. Inventors
   3. Creative people in the fields of culture and art
   4. Executive Directors
   5. Athletes
   6. Specialists in engineering and science
5. Outstanding Students
6. Pioneers of humanitarian work
7. Frontline heroes
8. Retired

1. Investor in Public Investments

You may get granted the Dubai Golden visa which runs for a period of 10 years without a sponsor if you make investments in and investment fund. Some of the requirements are;

• The person investing needs to submit a letter issued by an accredited investment fund stating or confirming that the said person has deposits of not less than AED 2 million.
• Also, the person investing can present a valid commercial or industrial license or a memorandum of association showing that the capital invested is AED 2 million and above.
• The person investing needs also to produce a letter from federal tax system confirming that the person pays taxes of at least AED 250000 per year.
• The investors should also own the capital invested completely and it should not be a loan.
• Last the investor must produce a medical insurance for himself and the family if any.

2. Real Estate Investors

The Real estate investors stand a chance of getting a Dubai Golden visa which gives them an opportunity to live in one of the most thriving cities in the world. This visa allows you as a real estate investor to have a reach on one of the most thriving real estate markets as you enjoy long term residency without having to worry of expiry.

If you are an investor who owns a number of property you may be granted a Golden visa for a period of 5 years which is renewable with the same condition. This visa does not need a sponsor.

Some of the requirements include;

• The person making the investment needs to have a documentation from the relevant departments or Emirate that shows they are the actual owners of properties with at least 2 million dirhams’ value.
• If the person making investments decides to go for loans they should do so from approved local banks.
• The retired investors also are eligible for the Dubai Golden visa as long as they have an investments of 700000 to 1000000 AED in value.

3. Entrepreneurs

Entrepreneurs are also eligible to apply and get a Dubai Golden visa for a 5 years’ period. If you are into business and you have an economic project of a technical nature based on the risk and innovations, you can get the visa. Besides the economic projects there are other requirement that you need to meet to get the visa and they include;

• There should be an UAE auditor report stating the project value is above 500000 dirhams.
• The authorities in Dubai should certify that the project nature is of a technical or the future.
• You must also have an accredited business incubator in the United Arab Emirates to establish the proposed project the country.

4. Outstanding Specialized Talents

The individual with exceptional talents such as innovators, inventors and talents in very important fields such as sports, arts, culture, digital technology can also stand a chance to get the Dubai Golden Visa which will allow them stay in and work in the country for long period.

If you are an individual with these talents you can get the visa irrespective of your educational qualification, salary, employment status or professional level. Some exceptional talents include;

• Doctors
• Scientists
• Inventors
• Specialist in scientific field
• Athletes
• Executives
• Holders of Doctoral degree
• Specialist in engineering and science field

If you are an expert in science and engineering some of the subject that are related to this field include;

• Epidemiology and viruses
• Artificial intelligence
• Big data
• Computer engineering
• Electronic engineering
• Software engineering
• Electrical engineering
• Genetics and biotechnology engineering.

As an expert and exceptional talent in these fields you stand a chance to get a Dubai Golden Visa for 10 years once you have met the conditional for each category.

Doctors and Scientists

If you are an experience doctors or an established researcher who has achieved so much in your field you are eligible for the Dubai Golden visa as long as you receive a recommendation from the Emirates Scientists Council.

The scientist should also have attained a PhD or master’s degrees in areas of engineering, life sciences, technology or natural sciences from recognized universities in the world.

The requirements include;

• Doctors seeking to get a Dubai Golden visa needs to have an approval leter from the UAE ministry of Health and Prevention allowing them to practice medicine in the country.
• As a scientist you need have a recommendation letter which indicates that you have been awarded the medical scientific excellent from the Emirates Council of Scientists or Mohammed bin Rashid Medal for Scientific Excellence secretariat.

Inventors

An inventor invents something new that solves an existing problem. This may be a device, a process or a machine.

Inventors are eligible to get a Dubai Golden visa as long as they meet the requirement.

One of the requirements for inventors to get a Dubai Golden visa is they must have recommendation letter from the ministry of economy which confirms that their patent or invention adds value to the UAE economy.

Creative people in Culture and Arts field

As a creative in the culture and arts filed who is exceptionally talented you can also get the Dubai Golden visa which will allow you to stay in the country as a residence. To be able to qualify for this you must meet the following requirements;

You must get a letter of approval from the department of culture and arts in the respective emirate.

Executive Directors

If you are an experienced executive director holding senior position is a recognized institution and with the relevant academic qualifications, you can also get the Dubai Golden visa. The requirements include;

• At least five years’ experience in the same role with a letter indicating so.
• Must have a University Degree certificate accredited by education ministry with at least a bachelor’s degree.
• A work contract.
• A salary of AED 50000 with a certificate of proof.

Athletes

Talented athletes are also qualifying to apply for the Golden visa. If you are good in a sport, you should consider applying for the visa. The requirements include;

• You need a recommendation letter from relevant authority such as sports council or General Sports Authority.

Specialists in engineering and science

If you are an accomplished professional who has specialized in various fields in engineering and science you qualify for a Dubai Golden visa as long as you can demonstrate that you are a valuable asset to the UAE.

You must meet below requirements to get a visa;

• You must produce a copy of bachelors or master’s degree that is certified by Ministry of Education and a work contract.

Outstanding Students

High school Students

If you are national level topper high school student who has attained a minimum grade of 95 percent in either public or private school, you might be granted a Dubai Golden visa for a period of 5 years without a sponsor. If you proceed to join one of the main colleges in the country that might need more than 5 years’ period, the visa might be extended to allow completion.

The student must however get a recommendation letter from the ministry of education in UAE.

University Students

If you are an exception al university student, you stand a chance to be granted the Dubai Golden visa for a period of 10 years without a sponsor but you should meet the following requirements;

• The university must be rated either A or B class by the ministry of education
• You should produce a letter of recommendation from the university or an accredited academic record stating the cumulative GPA of student is at least 3.5 for A class university and 3.8 for a class B university.

Foreign universities outstanding students may also be granted the 10 years Golden Visa for Dubai without a sponsor as long as they meet the following requirements;

• The university should be rated among the best 100 Universities globally by a reorganized rating system that is recognized by the education ministry.
• The applicant should have graduated 2 years and below.
• The applicant should have a GPA of 3.5 or more.
• The applicant certificate of graduation should be accredited by the ministry of education.

Pioneers of Humanitarian Work

Pioneers of humanitarian activities are also eligible for the 10 years Dubai Golden visa. The listed conditions should be met by this group of people for them to be granted the visa;

• You must have a 5 years working experience as a member or employee in regional or international organizations with outstanding record.
• The person should have recognition awards from either local or international organization that is involved in humanitarian activities.
• The person should have a working experience with civil organizations with public interest for at least 5 years.
• The person is a founder of program that deals with humanitarian activities with a support value of at least 2 million Dirhams.

Frontline Heroes

The frontline heroes are eligible for a Dubai Golden visa as long as they produce a recommendation from a recognized authority.

Some of the frontline heroes include nurses, pharmacologists, medical assistants, lab technicians and other categories that are recognized by the frontline heroes’ office.

The Price of Dubai Golden Visa

You might be in Dubai or outside Dubai and you are seeking to get the Golden visa. If you are not in Dubai but you are looking for a way to get in Dubai and then follow up on the Golden visa you have a number of options to get in Dubai.

1.On Arrival Tourist Visa

If you are a passport holder of the countries that rea allowed an arrival visa, then all you need is to get a ticket and enter Dubai. These nationalities do not need to pay for anything and they will be granted the tourist visa at the point of entry.

2. Prepaid Tourist Visa

As a passport holder of countries that are not eligible for on arrival visa you need to apply for prepaid tourist visa before coming to Dubai. All you need to do is to reach out to reputable local travel agencies such as Arabiers. You can apply for different kind of visa according to your choice and needs. The available visas include a 30 days’ single entry visa at 489 AED and 30 days’ multiple entry visa at990 AED. If you want a 60 days visa it costs 689 AED for a single entry and 1190 AED for a multiple entry visa.

3. 6 multiple entry permit.

This will allow you to finalize the Golden residency visa process and it I valid for 6 months. This permit ill costs you between 1300 to 1400 AED.

The cost of Dubai Golden Visa is dependent on the number of paperwork, medical type either the normal or VIP, approval fee for relevant departments, attestation fee among others. Below are some of the expenses incurred for different categories of Golden visa services;

• Medical examination fee applies for all applicants
• Business incubator fee applies for only entrepreneurs.
• Residency permit confirmation fee that applies to all applicants.
• Land department fee for real estate investors
• Administrative fee for all applicants
• Ministry of health and prevention for Doctors and scientists.
• Emirates council od scientists for Doctors and scientists
• Ministry of Educations for outstanding students
• Certificate of attestation for outstanding students.

The Dubai Golden visa will cost you between 11000 AED to 13000 AED for an adult.