What is a Golden Visa, and why is it unique?

What is UAE Golden Visa?


The Golden Visa was invoked by the government of the United Arab Emirates in 2019, under Cabinet Resolution No.56 of Organization of Residence Permits for Investors, Entrepreneurs and Professional Talent, 2018. This colossal move was made to make Dubai, investors and industrial friendly and catalyze global tourism, specifically to Dubai. Presently it invites applications from entrepreneurs, professionals from science, knowledge, sports, theatre and drama. Such individuals must have a net worth of a minimum of AED 10 million. Primarily issued for 5 or 10 years only, it gets automatically renewed once granted. Therefore, industrialists who seek to broaden their operations or individuals who seek to home in Dubai later in the future can very well apply for this visa.

Who can apply?


Any investor who seeks to take a Golden visa for

10

years:

imagePossess AED 10 million worth of public investment, which can either be in the form of an investment fund or a company.

imageFurthermore, 60% of the total investment must not be in the form of real estate. The investor must have complete ownership of assets.

imageThe invested amount must not be loaned.

imageThe investor or licensee must be able to retain the investment for a minimum period of three years.

Apart from enterprises, anyone from the field of specialized talents such as doctors, researchers, scientists, sportspeople and artists
can also apply for the Golden visa at UAE, once:

imageScientists must have been accredited by Emirates Scientists Council or the holders of Mohd. Bin Rashid Medal for Scientific Excellence

imageMinistry of Culture and Youth must accredit individuals from culture and arts.

imageInventors must obtain a patent, which adds value to the economy of UAE and must be accredited by the Ministry of Economy.

imageImpeccable talents must be documented by patents or scientific research, which must have been published in a worldwide reputed journal.

imageExecutives shall be owners of a leading and internationally reclaimed company or holders of a very high academic achievement and position.

Doctor or specialists must meet at least two of the following conditions:

imagePossess Ph. D. degree from one of the top 500 universities in the world, an award or a certificate of appreciation in the field of the applicant’s work.

imagecontribution to significant scientific research in the particular realm of work.

imagepublished articles or scientific books in acclaimed publications in the specific field of work.

imagemembership in an organization primarily related to the field.

imagehold a Ph. D. degree, in furtherance to 10-year professional experience in his field.

imageSpecialization in areas of crucial importance to the UAE.

05

years:

imageInvestors interested in UAE property must have invested in a property of a gross value of not less than AED 5 million.

imageThe amount invested in real estate should not be on a loan basis.

imageThe property should be retained for at least three years.

imageAn entrepreneur with a project in existence, with a minimum capital of AED 500,000, or those who have the approval of an accredited business incubator in the country.

Apart from investors and entrepreneurs, students can also apply for the Golden Visa for UAE, which must be:

imagestudents with a minimum grade of 95 per cent in public and private secondary schools.

imageuniversity students within and outside the country have a distinction GPA of at least 3.75 upon graduation.

To whom all the privileges are extended?


It can be extended further to include:

  • image

    Business partners, if each partner has contributed to the AED 10 million net worth

  • image

    Holders’ spouse
    and children

  • image

    One executive
    director

  • image

    One
    advisor

  • image

    The long-term visa includes
    families of outstanding students

Exceptional features of the Golden Visa



Citizenship through Investment


One may set up and invest in UAE. However, with time, if they wish to adopt citizenship for themselves and their loved ones; hence, once they retain the Golden Visa, they may nestle in the country anytime.

Residency through Investment


One may invest in real estate and assemble an investment in UAE without necessary residency. The entrepreneurs need not emigrate with their families and still exercise complete flexibility to travel and stay as and when they wish. The entrepreneur is allowed a multi-entry visa for six months, renewable for another six months. In addition to that, a long-term visa includes the spouse and children, a partner and three executives.

Immigration by Investment


Leaving your homeland and moving to a different country with your family seems daunting to some individuals. However, a keeper of the Golden Visa of UAE needs not to worry about the challenge in applying considerations for business, tax, and education since one can permanently reside in the country through investment first and later gradual permanent migration through a tireless and flexible approach.

How to apply for Golden Visa in UAE?



image


Individuals interested in applying for the Golden Visa may do initially through the Federal Authority for Identity and Citizenship (ICA) website. It is the State’s Echannel for residency and citizenship or through the General Directorate of Residency and Foreigners Affairs (GDRFA), a subsidiary of ICA. While ICA provides only online help, GDRFA helps both online and offline application processing.

The application is unchallenging, uncomplicated and precise cut with no room for any ambiguity. All it requires is for interested applicants to submit the following documents according to their decree (investor, entrepreneur, outstanding student or professional) and consent to relocate to UAE as per your venture in the future:

Step

1.

Apply for the golden visa nominations, which must also include a profile of all your accomplishments to date.

Step

2.

Submit the following documents:

  • Passport copy
  • Passport photo
  • Emirates ID
  • Visa copy
  • Trade license
  • Audit report
  • Auditor license and certificate
  • Memorandum of association
  • Bank statement
  • Health Insurance
  • Title Deed (AED 2 million)
  • Ejari

Cost of UAE Golden Visa


The net worth of investors seeking a golden visa for ten years must be AED 10 million worth of public investment, which can either be in the form of an investment fund or a company. Similarly, for applying for a golden visa for five years, investors interested in UAE property must have invested in a property of a gross value of not less than AED 5 million.

Acquire your golden visa today with Future Vision


The United Arab Emirates is a mighty nation with world-class infrastructure and a thriving economy, which must be leveraged by every investor looking out to diversify their business. Thus, the entire procedure of obtaining the golden visa might seem over complex and challenging to you; you may forget all your worries with Future Vision.

At Future Vision, an ideal aid for business startups in UAE, we vow to help you in every way, from procuring resources, getting a consultation, registering your business, and now even attaining your golden visa. We provide aid in issuing golden visas to investors and entrepreneurs looking for the perfect framework and network for their venture. We also help residents attain golden visas, who have been here for a long time and have contributed to the country’s development. We compile all your documents after thoroughly going through every prerequisite so that you do not have to worry at all about any hassle later.

We also provide consultation regarding which golden visa to apply for, that is, whether a golden visa for ten or five years would be beneficial for you. Since you divest your trust in us, we ensure that you make the best decision. Our services are also cost-effective, and the value lies in every ounce of faith you bestow on us.

Future Vision guarantees an easy, smooth transition for your business so that you receive your golden visa without obstacles, and our great country, truly becomes your sanctuary, both in terms of your business and home.

We hold immeasurable knowledge of the economy and market conditions prevalent in the UAE, especially Dubai, Sharjah, and Ajman. With our expertise, you will always make the ideal most decisions that are also affordable and customized as per the needs of your establishment.

Join us in UAE, the land where every business grows boundless.

Finding A Local Sponsor In Dubai? Reach Out To Us For The Best Services

BENEFITS OF FREEZONE COMPANY FORMATION IN UAE


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100% tax exemption on personal or corporate income or gains

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100% ownership for investors regardless of their nationality and domicile

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100% repatriation of capital and profits

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No capital required

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Exclusion from all import and export duties

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Exemption from corporate tax for 15 years, with an additional renewal option for 15 years

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