The United Arab Emirates (UAE) introduced the Golden Visa program to attract global talent and investors. This long-term residency visa is highly sought after, offering security and numerous benefits to expatriates, entrepreneurs, and professionals. If you’re interested in obtaining a 10-year Golden Visa in Dubai, here’s a comprehensive guide.
What is the Dubai Golden Visa?
The Golden Visa is a long-term residency visa that allows individuals to live, work, and study in the UAE without the need for a national sponsor. It’s available for a duration of 5 or 10 years and is renewable. The 10-year option is particularly attractive for its stability and is aimed at investors, entrepreneurs, specialized talents, and outstanding students.
Who is Eligible for the 10-Year Golden Visa?
The 10-year Golden Visa is available for:
- Investors:
- Must invest at least AED 10 million in the UAE.
- Investment can be in the form of a company, partnership, or deposit in an approved UAE bank.
- The investment must not be loaned, and it should be retained for at least three years.
- Up to 40% of the investment can be in real estate.
- Entrepreneurs:
- Must own or partner in a successful business in the UAE with a minimum annual revenue of AED 1 million.
- Alternatively, approval is required from an accredited UAE business incubator.
- Specialized Talents:
- Scientists, doctors, researchers, and other professionals must meet specific criteria set by the UAE government.
- Recognized by international awards or holding patents is a plus.
- Individuals with exceptional abilities in the arts, culture, or digital space.
- Outstanding Students and Graduates:
- High-achieving students with top grades from UAE or internationally recognized universities.
- Must demonstrate exceptional academic achievements.
Benefits of the Golden Visa
- Long-term Security: No need for a sponsor; residency is assured for 10 years.
- Family Sponsorship: You can sponsor your spouse, children, and domestic staff.
- Ease of Travel: Multiple-entry permit during visa processing.
- Business Growth: Ideal for investors and entrepreneurs looking to expand in the UAE.
- Access to Services: Includes banking, education, and healthcare facilities.
Steps to Apply for the 10-Year Golden Visa
- Determine Eligibility:
- Verify if you meet the criteria in one of the qualifying categories.
- Prepare Documents:
- Valid passport and photographs.
- Proof of investment, business ownership, or specialized talent.
- Additional documents like academic certificates or patents if applicable.
- Submit Application:
- Apply through the Federal Authority for Identity, Citizenship, Customs & Port Security (ICP) or the General Directorate of Residency and Foreigners Affairs (GDRFA).
- Online applications can be submitted via official portals or mobile apps.
- Await Approval:
- After submission, the application is reviewed, and approvals are granted based on merit and documentation.
- Complete Visa Process:
- Once approved, complete biometric scans, medical examinations, and other formalities to receive your visa.
Costs Associated with the Golden Visa
The cost of obtaining a Golden Visa varies based on the category and services required. On average, expenses include processing fees, medical examinations, and attestation costs. It’s recommended to consult with a certified agency or legal expert to estimate the total expenses accurately.
Final Thoughts
The 10-year Golden Visa is an excellent opportunity for individuals looking to establish a long-term presence in Dubai. With its business-friendly environment, world-class infrastructure, and cosmopolitan culture, the UAE is an attractive destination for global citizens. If you meet the eligibility criteria, start the process today and unlock a future of stability and growth in Dubai.
