This Visa enables foreigners to live, work and study in the UAE without the need of a national sponsor and with 100 per cent ownership of their business on the UAE’s mainland. These visas will be issued for 5 or 10 years and will be renewed automatically.
For Dubai - Title Deed minimum AED 2 Million , if the property is under mortgage NOC letter from the bank mentioning paid amount that it paid 1 Million minimum.
Off land property should be more 50% construction or more, installment should be 2 Million.
Or
Investors who make public investments of at least AED 2 million (AED 2,000,000) and above
Or
As Bank or investment fund letter that shows the capital/value of the share in the company has been deposited with an amount not less than AED 2,000,000.
A proof of tax payment for the minimum amount of AED 250,000 per year for 2 years prior to the application. For example, if the investor owns 25% of shares in a company which pays annual taxes amounting to AED 1,000,000, then the investor needs to provide proof of paying AED 250,000 per year to qualify for the visa.
Or
File a Company Tax Return Form evidencing that taxes have been settled of at least AED 250,000 for the two years preceding visa application.
Entrepreneurs those having an existing project with a minimum capital of AED 500,000 or those who have the approval of an accredited business incubator in the country or the business project must be classified as an SME achieving an annual revenue of no less than AED 1,000,000
All categories are required to have a valid employment contract in a specialised field of a priority in the UAE in various fields of science and knowledge.
Outstanding students
Having minimum grade of 95 per cent in public and private secondary schools University students within and outside the country having a distinction GPA of at least 3.75 upon graduation
Skilled Professionals
Must be employed in the UAE.
Hold a role classified by UAE Ministry of Human Resources MOHRE’s occupational classification scheme as follows:
Hold a valid Practicing License in the UAE if required (such as Physician, Pharmacist, Teacher etc.).
5 years
You are eligible if you fulfil the following criteria:
Hold an investment worth AED 1,000,000.
Own one or more real estate properties in the UAE, where the purchasing or market value is not less than AED 1,000,000 provided that the evaluation is performed by the competent authority in the concerned Emirate. For mortgaged property, a property deed shall be accepted, provided that the value paid for releasing the mortgage from the total value is not less than AED 1,000,000 at the time of submitting the application for obtaining residency.
Or
Have a financial deposit of no less than AED 1,000,000 inside or outside the UAE, provided that it shall be transferred and deposited in any financial institution in the UAE within sixty (60) days from the date of issuing the residence permit, except in the case where the deposit is invested in the UAE.
Have a fixed annual income that is no less than AED 240,000 or its equivalent in foreign currencies, whether the source of income is from inside or outside the UAE.
Requirements
For Fixed Deposits:
A statement issued by a bank licensed to operate in or out of the UAE showing a deposit of at least AED 1,000,000 or its equivalent in foreign currencies and that the deposit will remain for a period of not less than two (2) years.
For Real Estate:
A real estate unit value certificate issued by the Department of Municipalities and Transport (DMT) or any other competent authority in charge of real estate registration in the UAE.
A search certificate issued by the Department of Municipalities and Transport (DMT) or any other competent authority in charge of real estate registration in the UAE proving that the property is not subject to seizure by any judicial authority and has a value of at least AED 1,000,000.
For Annual Income:
A bank statement proving an annual income of no less than AED 240,000 or its equivalent in other currencies.
Getting a Dubai Golden Visa is considered as a big a privilege for any individual.
Golden Visa offers many rights and benefits. Obtaining a Golden Visa is a significant achievement for foreign investors looking to do business in Dubai. The Golden Visa is a generous authentic document presented to foreigners by the UAE government with the utmost courtesy and friendliness. This allows foreign investors to set up a company, industry, business, stay, work, study, etc in the UAE with 100% business ownership.
Contact our senior Golden Visa Expert at Bizvise for free consultation to see if you are eligible in any of the above categories
Laws & Regulations are subject to change without any prior notification on Dubai and UAE Golden Visa
Last updated: 1 December 2023