Golden Visa – Dubai Investor Visa

1. What is a Golden Visa?


A Golden Visa is a type of residence permit that allows individuals to live and work in a specific country by making an investment in that country’s economy. It is typically offered to foreign investors who are seeking long-term residency or citizenship in the country. The term “Golden Visa” is often used because it provides a fast-track process for obtaining residency or citizenship, similar to a “golden ticket.” It is also known as an Investor Visa or Citizenship by Investment program.

2. What is the Dubai Investor Visa or Golden Visa program?


The Dubai Investor Visa, also known as the Golden Visa program, is a residency program introduced by the United Arab Emirates (UAE) in 2019. It allows foreign investors and entrepreneurs to obtain a long-term residence visa in Dubai, provided they meet certain eligibility criteria and invest a significant amount of money into the Dubai economy.

3. What are the benefits of the Dubai Investor Visa?

Some of the benefits of the Dubai Investor Visa include:

– Long-term residency: The visa is valid for up to 5 or 10 years, depending on the investment amount.
– Flexibility: Holders of this visa can enter and exit the UAE freely without any restrictions.
– Work opportunities: Investors can work and set up their own business in Dubai.
– Family sponsorship: The investor’s dependents (spouse and children) can also obtain residency under this program.
– No income tax: There is no personal income tax in Dubai, making it an attractive location for investors.
– Access to services and facilities: Investors with a Golden Visa have access to various government services, such as education and healthcare.

4. What are the eligibility criteria for the Dubai Investor Visa?

To be eligible for a Dubai Investor Visa, applicants must meet one of the following investment requirements:

– Option 1: Invest at least AED 10 million (approximately $2.7 million) in an existing business in Dubai.
– Option 2: Invest at least AED 10 million (approximately $2.7 million) in establishing a new business in Dubai.
– Option 3: Invest at least AED 10 million (approximately $2.7 million) in a property purchase.

Applicants must also ensure that their investment meets certain conditions, such as being held for at least three years and not being financed through loans.

5. How do I apply for a Dubai Investor Visa?

There are several steps to apply for a Dubai Investor Visa:

– Decide on the investment option you will pursue.
– Submit the required documentation, including proof of investment and a background check. This can be done through an authorized law firm or directly to the Dubai Economic Department (DED).
– Pay the necessary fees.
– Wait for approval from the DED.
– Once approved, applicants will receive an Entry Permit, which is valid for 60 days and can be extended for another 60 days if needed.
– After entering Dubai within the permitted time frame, investors must complete medical tests and obtain a residence visa stamp in their passport.

It is recommended to seek guidance from a reputable immigration consultant or law firm that specializes in investor visas to ensure a smooth and successful application process.

3. Who is eligible for the Dubai Golden Visa?

The Dubai Golden Visa is available to certain categories of individuals including:

1) Innovators: Individuals with a creative idea or project that adds value to the UAE economy.

2) Investors: Individuals who have made a significant investment in a property, business, or capital in the UAE.

3) Entrepreneurs: Business owners or founders who have established a company in the UAE and have a proven track record of success.

4) Specialists in the fields of science, medicine, and research: Highly skilled professionals with specialized knowledge and expertise in these fields.

5) Exceptional students: Outstanding students with academic achievements and potential for contributing to the UAE’s knowledge-based economy.

6) Artists and creatives: Individuals who have made significant contributions to art, culture, or media in the UAE.

7) Retirees: Non-working retirees who own property in the UAE are also eligible for the golden visa.

4. What are the benefits of the Dubai Golden Visa?

Some benefits of holding a Dubai Golden Visa include:

1) Residency: The Golden Visa allows individuals to live and work in Dubai for up to 5-10 years without needing a sponsor or employment contract.

2) Multiple entry: Holders of the Golden Visa can enter and exit Dubai as many times as they want without requiring a separate visa each time.

3) No income tax: Dubai does not have any income tax on personal earnings, so holders of the Golden Visa can take advantage of this benefit while living and working in the city.

4) Access to government services: Golden Visa holders are entitled to access services such as education, healthcare, banking, and utilities just like any other resident of Dubai.

5) Pathway to permanent residency: The Golden Visa serves as a pathway for foreign nationals to obtain permanent residency (PR) status in Dubai which grants them more rights and privileges including family sponsorship.

5. How do I apply for a Dubai Golden Visa?

To apply for a Dubai Golden Visa, individuals must meet the eligibility criteria and follow these steps:

1) Fill out an application form: The applicant must fill out an online application form on the official portal of the General Directorate of Residency and Foreigners Affairs (GDRFA).

2) Submit required documents: The applicant must submit all necessary documents such as a valid passport, proof of medical insurance, financial statements, business licenses, etc.

3) Pay application fees: The applicant must pay the applicable fees for their category. These fees may vary depending on the visa type and duration.

4) Wait for approval: After submitting the application and documents, the GDRFA will review the application and make a decision.

5. Receive Golden Visa: If approved, the Golden Visa will be stamped in the applicant’s passport or issued electronically.

It is important to note that the process and requirements may differ slightly depending on individual circumstances and category of eligibility. It is recommended to consult with a reputable immigration consultant or your employer before applying for a Golden Visa.

4. How do I apply for the Dubai Investor Visa?


To apply for a Dubai Investor Visa, you will need to follow these steps:

1. Choose the type of investor visa: Dubai offers different types of investor visas depending on the type of business you want to establish. These include:

– Partner Investor Visa: If you wish to start a company in partnership with a UAE citizen.
– Shareholder Investor Visa: If you want to start your own company in Dubai.
– Entrepreneur Investor Visa: If you are looking to establish a startup or small business in one of Dubai’s free zones.

2. Meet the minimum investment requirement: The required amount for each type of investor visa varies, but typically it must be at least AED 10,000 (US $2,700) for a Partnership Investor Visa and AED 50,000 (US $13,600) for a Shareholder or Entrepreneur Investor Visa.

3. Obtain necessary documents: The exact documents required may vary depending on your specific situation, but generally you will need:

– A completed application form
– Copy of your passport
– Passport-size photograph
– Proof of investment funds
– Business proposal or plan
– Any other relevant supporting documents

4. Submit your application online or in person: Most investor visa applications can be submitted online through the General Directorate of Residency and Foreigners Affairs (GDRFA) website. Some free zone applications may require submission at a specific authority.

5. Pay fees: There will be fees associated with your investor visa application, which will also vary depending on the type of visa and other factors.

6. Await approval and receive your entry permit: Once your application is approved, you will receive an entry permit which allows you to enter Dubai and complete the necessary procedures for obtaining your residence visa.

7. Undergo medical examinations: As part of the residency process, all applicants must undergo a medical examination at an approved clinic in Dubai.

8.Contact GDRFA to schedule an interview: Once you have completed the medical examination, you will need to contact GDRFA to schedule an interview. This step is required for some types of investor visas.

9. Obtain your investor residency visa: After completing all necessary steps and providing all required documents, you will receive your investor residency visa.

10. Renew your visa: Investor visas are typically valid for 3 years and can be renewed as long as the investment continues and any other requirements are fulfilled.

5. What are the requirements for the Dubai Investor Visa application?


The requirements for the Dubai Investor Visa application may vary depending on the type of visa being applied for, but some common requirements include:

1. Completed visa application form.
2. Passport with a minimum validity of 6 months.
3. Passport-size photographs.
4. Documents supporting the investment, such as trade license and investment certificate.
5. Proof of financial stability, such as bank statements or income tax returns.
6. Medical fitness certificate.
7. Police clearance certificate from home country or country of residence (if applicable).
8. Business plan or proposal outlining the investor’s plans and objectives in Dubai.
9. Proof of accommodation in Dubai, such as a tenancy contract or hotel reservation.
10. Valid health insurance coverage in Dubai.

It is important to note that these requirements may vary and additional documents may be requested by immigration authorities during the application process. It is best to check with the appropriate government agency for the specific requirements for your individual situation.

6. How much does it cost to apply for the Dubai Golden Visa?


The cost of applying for the Dubai Golden Visa is not publicly disclosed by the government. Applicants are advised to contact the Dubai Immigration Department for specific details on the fees and charges applicable to their individual circumstances.

7. What are the benefits of obtaining a Golden Visa in Dubai?


1. Fast and streamlined process: The Golden Visa in Dubai offers a fast and streamlined process for obtaining residency compared to other countries.

2. Long-term residency: The visa allows individuals to reside in Dubai for a longer period, ranging from 5-10 years, with the option of renewal.

3. No income tax: Dubai has no personal income tax, which means that residents can keep more of their earnings and investments.

4. Business opportunities: As a global business hub, Dubai offers numerous business opportunities and a favorable environment for entrepreneurs and investors.

5. Access to quality education and healthcare: The Golden Visa provides access to quality education and healthcare for individuals and their families.

6. Residency for family members: The visa allows foreign investors to include their spouse, children, and parents as dependents under the visa application.

7. Travel benefits: Golden Visa holders can travel freely in and out of the UAE without needing an additional visit visa.

8. Path to citizenship: After holding the Golden Visa for a certain period (usually 10 years), individuals may be eligible to apply for citizenship in Dubai.

9. Real estate investment opportunities: Property ownership is open to foreigners in designated areas in Dubai, providing opportunities for investment or retirement plans.

10. Stable political and economic environment: Dubai is known for its stability and safety, making it an attractive destination for investors looking for long-term security.

8. Can I work in Dubai with a Golden Visa?


No, a Golden Visa does not permit you to work in Dubai. It is simply a type of long-term residency visa that allows individuals to live and invest in the country without needing an Emirati sponsor. You will still need a work visa or permit to legally work in Dubai.

9. Is the Dubai Investor Visa issued for a specific period of time or is it permanent?

The Dubai Investor Visa is issued for a specific period of time. It usually lasts for three years and can be renewed as long as the investor maintains their investment in the country. There is also an option to apply for a permanent residency in UAE after holding an Investor Visa for 10 years.

For more information on the visa duration and renewal process, it is best to consult with a reputable immigration lawyer or the General Directorate of Residency and Foreigners Affairs (GDRFA) in Dubai.

10. Can I bring my family with me under the Dubai Investor Visa program?


Yes, you can bring your spouse and children under the age of 18 with you to Dubai under the Investor Visa program. They will be eligible for a residence permit as your dependents. However, you will need to show proof of adequate housing and financial support for them during your stay in Dubai.

11. What kind of investment is required for the Dubai Golden visa?


The investment required for the Dubai Golden visa depends on the type of investment. Here are some examples of investment amounts required for the different categories:

– Real estate investment: Minimum AED 1 million (equivalent to approximately USD 272,250).
– Business investment: Minimum AED 500,000 (equivalent to approximately USD 136,125).
– Publicly traded stocks: Minimum AED 100,000 (equivalent to approximately USD 27,225).
– Bank deposit: Minimum AED 1 million (equivalent to approximately USD 272,250), with a hold period of at least three years.
– Entrepreneurship / Startup: Invest in an existing or new company with a minimum capital of AED 500,000 (equivalent to approximately USD 136,125).

These amounts may be subject to change and it is recommended to check the official website of the Dubai government for updated information. Additionally, there may be other requirements such as proof of financial stability and clean criminal record when applying for the Golden visa.

12. Are there any restrictions on types of investments that qualify for the Golden Visa in Dubai?


Yes, there are some restrictions on types of investments that qualify for the Golden Visa in Dubai. The main requirement is that the investment must contribute to the economic development of the UAE and can include:

1. Real estate investments: This can include purchasing residential or commercial property, investing in land or off-plan projects.

2. Business investments: This can include establishing a business or investing in an existing business in the fields of science, technology, and research sectors.

3. Shares in Existing Companies: Investors can also purchase shares or make capital contributions to an existing company based in Dubai.

4. Financial Investments: These can include depositing funds into a UAE bank account, investing in government bonds, sukuk (Islamic bonds), or any other financial instruments approved by the UAE Central Bank.

5. Specialized Investments: This includes investments in specific sectors such as energy, healthcare, education, hospitality, and others as determined by the authorities.

It’s important to note that not all types of real estate investments will qualify for a Golden Visa. For example, properties purchased under a rent-to-own scheme or properties owned jointly with another person may not be eligible.

13. How long does it take to process and obtain a Golden Visa in Dubai?


The processing time for a Golden Visa in Dubai can vary depending on the individual circumstances and the completeness of the application. Generally, it can take anywhere from 2-10 weeks to process and obtain a Golden Visa. Delays may occur if additional documents or information is required.

14. Is there an age limit for applying for the Dubai Investor visa?


Yes, the minimum age for applying for a Dubai Investor visa is 18 years old. There is no maximum age limit. However, applicants who are over 60 years old may face additional requirements and restrictions.

15. Can I travel freely within the UAE and other countries with a golden visa from Dubai?


Yes, you can travel freely within the UAE and to other countries with a golden visa from Dubai. The visa allows you to enter and exit the UAE multiple times without the need for a separate visa each time. Additionally, it also allows you to visit other countries as per their entry requirements. However, it is always recommended to check the entry requirements of the country you are planning to visit before traveling.

16. Can I sponsor my employees under my golden visa in Dubai?


Yes, you can sponsor your employees if you have a golden visa in Dubai. As a golden visa holder, you have the right to sponsor your spouse and children, as well as employees under your sponsorship as long as they meet the eligibility requirements set by the Dubai immigration authorities. This means that you should have a valid employment contract with your employees and they must also meet the necessary criteria for obtaining residency in Dubai. However, it is important to note that sponsoring employees under your golden visa may also require additional fees and paperwork. It is best to consult with a legal advisor or immigration specialist for more information on the specific requirements and procedures.

17.Is there a minimum stay requirement under the golden visa program in Dubai?

Yes, the minimum stay requirement for the golden visa program in Dubai is six months per year. This means that visa holders must spend a minimum of six months in Dubai annually to maintain their golden visa status. Failure to meet this requirement may result in the revocation of the golden visa.

18.How can I renew my golden visa in Dubai?

To renew your golden visa in Dubai, you will need to follow these steps:

1. Visit the General Directorate of Residency and Foreign Affairs (GDRFA) office or the Amer Service Center.
2. Submit a completed application for visa renewal along with all required documents, including a valid passport, proof of health insurance, and any other documents as requested by the GDRFA.
3. Pay the applicable fees for visa renewal.
4. Undergo a medical examination at an approved health center and obtain a medical fitness certificate.
5. Once your application is processed and approved, you will receive your renewed golden visa.

It is important to note that the exact process may vary depending on your specific situation and country of nationality. It is recommended to check with the GDRFA or your home country’s embassy or consulate in Dubai for detailed instructions on how to renew your golden visa.

19.Is it possible to extend my golden visa to include other family members later on?

Yes, it is possible to extend your golden visa to include other family members later on. However, the specific eligibility requirements and application process for including additional family members may vary depending on the country issuing the golden visa. It is important to carefully review the regulations and guidelines for extending the golden visa in your particular country. In some cases, certain family members may be able to obtain a separate golden visa based on their own qualifications or by accompanying you as dependents. Consulting with an immigration lawyer or speaking with an immigration official in your destination country can provide more specific information on how to proceed with including other family members in your golden visa application.

20.Can a person holding a dubai investor visa also apply for citizenship after residing in the UAE for certain number of years?


Yes, a person holding a Dubai investor visa can apply for citizenship after residing in the UAE for a certain number of years. However, the exact requirements and process for obtaining citizenship through investment are subject to change and may vary depending on the individual’s nationality and other factors. It is best to consult with an immigration lawyer or relevant government authorities for more information on specific eligibility criteria and application procedures.