A new visa program for ex-pats living in the UAE was introduced in 2019 by the UAE Cabinet, led by Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister, and Ruler of Dubai. Golden Visas are 5-year residence visas; you do not have to have an employer sponsor you to live, work, and study in the UAE. The program also follows a 100% ownership policy with local businesses within the country. To better understand this new program, here are some answers to some common questions you might have.

 

What is the UAE Golden Visa?

According to the UAE Government, the Golden Visa is a visa that is granted for five years and a period of ten years. It will be given to the following categories (provided that they meet the eligibility criteria):

  • Investors
  • Entrepreneurs
  • Startup Owners
  • Specialized talents and researchers in various fields of science and knowledge
  • Outstanding students
  • Frontline & humanitarian pioneers
  • Engineers

 

What are the eligibility criteria for UAE Golden Visa?

You must meet the following criteria to receive a Dubai Golden Visa:

Investor Visa 10 Years

  1. A property or owned share (one or more) valued at at least $2 million under the applicant's name must be worth at least $2 million.

When a property is mortgaged, the bank must receive at least 2 million of the property value. Letters of confirmation and payments are required.

3- Couples can own one property together.

 

What are the Documents Required For an Investor Visa?

Investor in an investment fund (commercial investor)

  1. Company’s financial report for the previous year (Made by the company’s financial auditor)
  2. Company’s Trade license and photocopy of the List of Partners’ Names
  3. Copy of the sponsored residency
  4. Company’s bank statement (last three months)
  5. Company’s (VAT Return) for the previous year

 

Investor in an investment fund (deposit)

  1. You must provide the bank with a letter in Arabic form indicating a fixed deposit. The note must be accompanied by the message. The fixed deposit mustn't be broken for the next two years, OR if it is broken for any reason whatsoever, the Directorate of Residency and Foreigners Affairs - Dubai must be informed.
  2. A copy must accompany the sponsor's passport.
  3. A contract for the tenancy of a property.

 

Investor in (Tax Return Investor)

  1. Here is a letter that the Federal Tax Authority sent.
  2. A copy of the Company's Trade Licence and a copy of the list of the name of its partners.
  3. The sponsorship letter, along with a copy of the residency agreement.