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Golden Visa in the UAE

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UAE
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The UAE’s Golden Visa is a special type of a long-term residence visa in the Arab Emirates. It is granted for five or ten years to foreign entrepreneurs, investors, property owners and academics. The Golden Visa allows expats to live and run business freely in the UAE, open a local bank account and become a tax resident in the country with a comfortable tax regime.

A residence visa in the UAE offers the same benefits as the Golden Visa and it may be obtained for purchasing real estate worth 205,000 US dollars. Yet, in case of the Golden Visa, investing in real estate will grant you an immediate residence permit for five or ten years with the opportunity to sell the property before the expiry date of residence permit. A holder of the Golden Visa will be able to sell property after two years, reinvest the funds and still remain a resident of Dubai until the end of the five- or ten-year term. 

Real estate in Dubai 186 listings on Tranio

Who can obtain the UAE Golden Visa

  • Investors in real estate with the price at least 2 million dirhams (approx. 545,000 $).
  • Entrepreneurs with a minimum registered capital of 500,000 dirhams (approximately 136,000 $).
  • Owners of startups approved by a business incubator in the UAE.
  • Outstanding academics and students with top grades.

The programme has no restrictions on the applicant’s age or the country of origin.

As soon as the Golden Visa expires, the foreigner can extend it if the conditions under which he obtained it persist. That is, if he still runs a company or owns real estate.

Types of Golden Visa in the UAE

Golden visa for 5 years for owners of real estate

A five-year visa is issued on the following grounds:

  • The investor must buy a property worth at least 2 million dirhams (approx. 545,000 $).
  • This amount cannot be obtained on credit, the foreigner must pay it from their own funds.
  • Construction of the property must be completed.
  • Real estate can only be sold after two years. 

Family members: parents, spouse, unmarried daughters and minor sons receive visas together with the applicant.

The most affordable residency programme for property owners in Dubai is a three-year residence visa for purchasing a property priced from 750,000 dirhams (around 205,000 US dollars). It can be extended repeatedly as long as the property is owned by the investor.

Golden Visa for 5 years for entrepreneurs

This type of visa is available for company owners with a registered corporate capital of at least 500,000 dirhams (approx. 136,000 US dollars) or startup owners that have received approval from business incubators accredited in the UAE. 

The entrepreneur can include three more top managers of the company in the application.

Apartments for sale in Dubai 147 listings on Tranio

Golden Visa for 10 years for investors and entrepreneurs

A foreigner may obtain the UAE Golden Visa for a ten-year period in the following cases:

  • Investing 2 million dirhams (approx. 545,000 $) or more in the investment fund;
  • Establishing a company with a registered capital of 2 million dirhams or more;
  • Investing 2 million dirhams or more in the UAE economy, provided that the investment in real estate does not exceed 40% of the total amount.

Entrepreneurs have the right to apply for a visa for two employees of the company: an executive director and a consultant. Additionally, it is possible to include business partners in the application, provided that each partner invests 2 million dirhams (approx. 545,000 US dollars).

Dubai view
ILNts / Shutterstock

Application process

Step 1: Choosing a suitable residency programme in the UAE

Up to 1 week

An investor chooses either a residency programme or Golden Visa – whichever suits him/her best. The investor then reviews and selects properties together with a Tranio manager. 

Step 2: Closing of a sale

2–3 weeks

The investor pays the first instalment for a property in order to book it. This is needed because the demand for real estate in Dubai is very high and attractive properties are quickly sold out.

After the prepayment, the investor signs a sales contract and pays the full price for the selected property.

The transaction is then registered with the Dubai Land Department and the investor receives a title deed.

Step 3: Collecting the required documents

1–3 weeks

The investor collects the documents and gets them apostilled, translated, and certified with a notary. All the necessary steps can be carried out by a Tranio consultant under a power of attorney.

Step 4: Medical check-up in the UAE

1 day

This stage is compulsory for all foreigners immigrating in the UAE: investors, academics or students. The check-up takes place at any of the country's certified medical centres, where foreigners undergo a blood test and a lung X-ray.

Step 5: Submitting documents to the relevant authorities in the UAE

1 day

Next, the investor provides fingerprints and a biometric photo at a UAE government centre and submits his / her original foreign passport. The remaining documents are submitted online to the Federal Authority for Identity & Citizenship or the General Directorate of Residency & Foreigners Affairs.

Step 6: Obtaining a temporary investor visa

5–7 days

A six-month visa upon which the investor can enter the country and start settling down. The investor must change the visa to a long-term residence permit within these six months.

Step 7: Obtaining the UAE Golden Visa

6 months

After 6 months, the investor applies to the General Directorate of Residency & Foreigners Affairs to obtain a Golden Visa.

The visa is pasted in the passport and the investor receives an Emirates ID card.

Where to apply for a Golden Visa in the UAE

The Golden Visa applications are processed by The Federal Authority for Identity & Citizenship and the General Directorate of Residency & Foreigners Affairs.

FAQ

What is the UAE Golden Visa?

The Dubai Golden Visa is a type of long-term residence permit in the UAE. It is granted for 5 or 10 years to real estate owners, entrepreneurs, investors, academics or outstanding professionals.

What are the benefits of the UAE Golden Visa?

The Golden Visa holder can open accounts in the UAE banks, obtain tax residency status, conduct business in the Emirates and benefit from healthcare services.

Can you get the UAE Golden Visa for buying a property in Dubai?

Yes, you can get a five-year Golden Visa in the UAE for purchasing property worth at least 2 million dirhams (approx. 545,000 US dollars).

Can I qualify for the UAE Golden Visa when buying commercial property in Dubai?

The UAE Golden Visa cannot be obtained for purchasing a commercial property, only residential properties fall under the terms of the programme.

How long does it take to apply for the Dubai Golden Visa?

It takes between one and two months to get a Golden Visa from the moment you choose a property and submit the application.

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    Property buying guide for UAE
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    Tranio’s managers offer advice on buying real estate in the UAE
    Marina Filichkina
    Marina Filichkina
    Head of Sales
    +44 17 4822 0039
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