How to get Golden Visa in Dubai
Dubai, one of the seven emirates of the United Arab Emirates, is a popular destination for investors and entrepreneurs who are looking to establish their businesses in the region. The Dubai government has introduced a golden visa scheme to attract foreign investors, entrepreneurs, and professionals who can contribute to the country’s economic growth.
What is a Golden Visa?
A golden visa is a residency permit that is granted to foreign investors, entrepreneurs, and professionals who meet certain criteria. It is called a golden visa because it is a valuable and prestigious residency permit that offers many benefits to the holder.
Benefits of a Golden Visa in Dubai
1. Residency: A golden visa allows you to live and work in Dubai for an extended period. You can also sponsor your family members to join you in Dubai.
2. Business Opportunities: Dubai is a thriving business hub, and a golden visa allows you to establish your business in the region, invest in Dubai’s real estate market, and access various other business opportunities.
3. Education: A golden visa allows your children to study in Dubai’s prestigious schools and universities.
4. Healthcare: Dubai has world-class healthcare facilities, and a golden visa allows you to access these facilities.
5. Travel: A golden visa allows you to travel in and out of Dubai without any restrictions.
Options for Obtaining a Golden Visa in Dubai
1. Business Owner Visa
A business owner visa is available for foreign investors who own a company in Dubai. This visa is granted to individuals who hold at least 51% ownership of a Dubai-based company, and their investment in the company is worth at least AED 1 million.
2. Investor Visa
An investor visa is available for foreign investors who invest in Dubai’s real estate market. This visa is granted to individuals who invest at least AED 1 million in Dubai’s real estate market.
3. Entrepreneur Visa
An entrepreneur visa is available for foreign entrepreneurs who wish to establish a business in Dubai. This visa is granted to individuals who have a business plan that can contribute to Dubai’s economic growth.
4. Talent Visa
A talent visa is available for professionals who have exceptional skills and talents in the fields of science, medicine, research, and art. This visa is granted to individuals who have received international awards or recognition for their work.
5. Retirement Visa
A retirement visa is available for individuals who are over 55 years old and wish to retire in Dubai. This visa is granted to individuals who have sufficient financial means to support themselves and their dependents.
How to Apply for a Golden Visa in Dubai
To apply for a golden visa in Dubai, you need to follow these steps:
1. Determine the type of visa you want to apply for.
2. Meet the eligibility criteria for the visa.
3. Submit the required documents to the Dubai government authorities.
4. Pay the visa application fee.
5. Wait for the visa processing time, which can take up to several weeks.
In conclusion, obtaining a golden visa in Dubai is a great opportunity for investors, entrepreneurs, and professionals who are looking for a prestigious residency permit that offers many benefits. With various options available, it is essential to choose the most suitable one for your needs and follow the application process carefully.