Understanding the golden visa in Dubai and how to obtain it

What is the golden visa in Dubai?

The golden visa is a long-term residency permit issued by the United Arab Emirates government, allowing foreign nationals to live, work, and study in Dubai for up to 5 or 10 years. Unlike the standard visas, which often require frequent renewals and sponsorships, the golden visa provides greater stability and autonomy. It is primarily targeted at investors, entrepreneurs, specialized talents, and outstanding students.

Benefits of holding a golden visa

Holders of the golden visa enjoy multiple advantages, such as:

• Long-term residency: Valid for 5 or 10 years, with automatic renewal possible.
• Family sponsorship: Ability to sponsor family members including spouse and children.
• Business freedom: Opportunity to own businesses without a local sponsor.
• Education and healthcare: Access to Dubai’s top-tier schools and medical facilities.

Who is eligible for a golden visa?

Eligibility for the golden visa depends on the category you apply under. Common qualified groups include:

• Investors in public investments or real estate with minimum thresholds.
• Entrepreneurs who own or are partners in a startup meeting financial criteria.
• Specialized talents such as doctors, scientists, engineers, and artists recognized by UAE authorities.
• Outstanding students graduating from top universities.

Investment criteria for applicants

Applicants applying as investors must meet specific investment requirements, for example:

• Investing at least AED 10 million in public investments, deposits, or company shares.
• Owning real estate property in Dubai worth a minimum of AED 5 million.
• Establishing a company with capital of at least AED 500,000.

These requirements ensure applicants contribute substantially to Dubai’s economy.

Application process for the golden visa

The process begins with submitting required documents through official channels such as the General Directorate of Residency and Foreigners Affairs (GDRFA) or the Federal Authority for Identity and Citizenship (ICA). Key steps include:

1. Gathering financial, educational, and professional documents.
2. Submitting an online application with relevant proof of eligibility.
3. Undergoing background checks and health screenings.
4. Awaiting approval and receiving the visa once accepted.

Documentation required for application

Applicants must prepare a set of documents depending on their category. Generally required documents include:

• Valid passport copies.
• Proof of investment or business ownership.
• Certificates of qualifications or achievements.
• Health insurance documentation.
• Clean criminal record certificates.

Accurate and complete documentation speeds up the process.

Differences between 5-year and 10-year visas

The golden visa can be issued for 5 or 10 years depending on the applicant’s profile. The 10-year visa is usually reserved for investors with greater financial contributions or outstanding talents with international recognition. The key distinctions are:

• Duration: 5 vs. 10 years validity.
• Eligibility thresholds: Higher for the 10-year visa.
• Renewal: Both visas are renewable subject to meeting continued requirements.

How to maintain golden visa status

To keep the golden visa active, holders must adhere to specific conditions such as:

• Keeping investments or business ventures active throughout the visa period.
• Maintaining a valid health insurance plan.
• Avoiding any major legal violations.
• Renewing the visa within the designated time frame before expiry.

Failing to comply may lead to visa cancellation.

Additional tips for applicants

Applicants considering the golden visa should keep in mind:

• Consult with legal or immigration experts to understand the exact eligibility and process.
• Prepare finances and documents well in advance.
• Stay updated with any changes in visa regulations announced by Dubai authorities.
• Consider the long-term benefits alongside any financial commitments.