The United Arab Emirates (UAE) introduced “Golden Visa” program in 2019, aiming to entice investors, business owners, specialized professionals, and exceptional students from around the world. This program offers long-term resident visas that extend for a period of 10 years, providing visa holders with the freedom to live, work and pursue education in the UAE without the need for a local sponsor. Particularly in Dubai, the investor visa is in high demand as it grants individuals the opportunity to explore investment possibilities. Let’s delve deeper into the details of the UAE’s Golden Visa program.
Acquiring a 10-year investor Visa in Dubai offers several advantages, Including the following:
- Extended Stay outside the UAE: There is no limit on how long you can be outside the UAE to keep your visa active. With the 10-year investor Visa, you can stay abroad from more than six months without having to return to the UAE within six months, as other Visa holders must.
- Safety: You are safe and secure in Dubai. There is hardly any crime. You are free to explore the city after nightfall. Those who violate the law will face visa cancellation and deportation.
- You can sponsor up to 3 house maids and drivers.
- You can sponsor your family for the same 10-year period.
- You can sponsor your children (unmarried) for up to 30 years for boys and girls of any age.
What makes you eligible to acquire 10-year Investor Visa in the UAE?
- Property in Dubai worth at least 2 million AED. An applicant can have multiple properties.
- If the property is mortgaged or on an installment plan, the bank or developer must be paid at least 2 million AED of the property’s worth. There is need for an NOC letter to proceed with visa application and mortgage statement.
- Person must be inside UAE.
- Husband and wife can participate in one property (marriage certificate is required attested from MOFA and legally translated to Arabic).
- In case the property joint between Husband & Wife, property share must be equal between both parties. In case the shares are not equal, highest share holder will only allow to apply as primary visa holder then sponsor other party (Spouse).
- Title deeds owners can apply for Golden residence visa application if the market value exceeds 2 million (official evaluation certificate is mandatory).
- Title deed jointly between partner is acceptable (applicant share should be minimum 2 million).
