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Dubai is one of the most developed countries in the world. The nation’s rapid development factors in everything – from the easy taxation system and high-end lifestyle to the business-friendly policies and a world of opportunities across sectors. This seamless development and growth entice individuals from across the globe to explore UAE’s vast opportunities and call it home for years to come. Yet, settling down in Dubai is a far-fetched dream for many, given the chain of restrictions and limited privileges.
If you are targeting residency in Dubai in 2023, you might apply for a UAE Golden Visa.
Today, we've compiled everything from the UAE golden visa benefits to the application cost within this page to ensure ease while applying for the UAE Golden Visa. But first, let us understand what Golden Visa UAE is.
What is UAE Golden Visa?
A Golden visa for UAE (United Arab Emirates) is a kind of long-term residential visa that allows profitable business owners and other skilled individuals from other countries to live, work or pursue higher education in the UAE or specifically in Dubai.
With a UAE Golden Visa, you get the right to live in UAE or Dubai for five to ten years without having to renew your visa after every two or three years. With a UAE golden visa, you can also carry your business on Dubai's mainland.
Now that you know the UAE Golden visa, read further to know about the Dubai Golden visa benefits.
What Are The Benefits of UAE Golden Visa?
The benefits that an Emirates golden visa holder can avail of include but are not limited to:
- Five to ten years of an extended stay in the UAE. A UAE golden visa holder can include their spouse and children in the residential permit.
- Unlike other UAE visa types, you do not need a national sponsor if you have a Golden visa in UAE.
- If you have a UAE Golden visa, you hold the right to have 100% ownership of a business in the Dubai mainland.
Now that you know how a golden visa benefits your residency in UAE, read on to see if you can apply for a golden visa in UAE.
Who is Eligible to Apply for a Golden Visa UAE
As per the UAE Cabinet Resolution, you have to hold one of the following professions or passions to be able to apply for a Golden Visa in UAE:
- Unique talents such as researchers, scientists, doctors, artists, etc.
- If you are a talented student with proven and promising academic qualities applying for higher studies in the UAE.
- If you are an investor or an entrepreneur looking forward to investing in a business venture or starting a new business in the Dubai mainland.
What is the Golden Visa UAE Application Process
The process of applying for a golden visa in UAE is straightforward and is carried out offline and online. To apply for a UAE Golden Visa online, you can use the Federal Authority for Identity and Citizenship- ICA or GDRFA. You can apply offline through the ICA or the General Directorate of Residency and Foreigners Affairs (GDRFA).
Read further to understand how to get a Golden Visa UAE Online:
Choose Your Category for Application
After registering yourself in a category that describes you best, you need to invest if you select the type of investor. In any other class, you shall be asked to collect the necessary documents or certificates from your sponsor.
Submit the Golden Visa UAE Application Online
If you are applying for the UAE Golden Visa for the first time, visit the official website (ICA/GDRFA) and spread through the new request category. Once you click the "Nomination request for Golden Visa-New request" button, you will be directed to the online application. Fill in the necessary information on the page and upload the requested documents.
Remember to keep the necessary documents handy while applying for the golden visa. The important documents may include proof of your personal information, investments, passport copy, work contract/ highest educational documents, travel insurance, etc.
Pay the Application Fee
The UAE Golden visa price may vary depending on the category for which you are applying. You can safely pay the application fee online through a credit card and proceed further.
Wait for Approval
Once you've paid the fee and submitted the UAE Golden Visa application, wait for approval from the concerned authorities. Usually, the approval may take up to 30 days, and you may receive the approval electronically.
What Is the Application Fee For Golden Visa UAE
The application fee for a UAE Golden visa with a validity of five years is AED 650, whereas, for a golden visa with ten years of validity, applicants must pay an application fee of AED 1150.
Please note that this application fee may vary depending on the category and where you apply in or outside the UAE.
Wrapping It Up
We've mentioned all the important details about the golden visa UAE you should know while applying for a five or ten-year visa. You should also remember that while you apply for a golden visa in UAE, the visa issuing authority may necessitate UAE Travel Insurance to ensure sufficient security from mishaps.
Thus, while applying for a golden visa in UAE, remember to speak to our insurance agent at Care Health Insurance. We will guide you in buying the right travel insurance covering you against multiple medical and non-medical events — saving you from huge financial burdens.
Click here to Chat with your agent today!
Disclaimer: Plan features, benefits, coverage, and claims underwriting are subject to policy terms and conditions. Kindly refer to the brochure, sales prospectus, and policy documents carefully.
