Welcome to the Land of Opportunities 🇦🇪!
If you’ve been eyeing the vibrant economy and business-friendly environment of the UAE, especially Dubai, you might be interested in the golden opportunity the government is offering – the 10-Year Investor Visa. Whether you’re a seasoned investor or just diving into the world of possibilities, this blog post will break down the requirements, benefits, costs, and the step-by-step process of applying for a Golden Visa.
What’s the Deal with the 10-Year Investor Visa?
The 10-Year Investor Visa is part of the UAE’s Long-Term Residence Visa program, designed for financially savvy and highly skilled expats. Specifically, the Investor Visa requires a substantial investment in the UAE, and the Golden Visa is valid for a decade. Let’s dive into what it takes to qualify.
What are the requirements for a Golden Visa?
To be eligible for this 10-Year Investor Visa, you need to meet the following criteria:
- Property Investment: You must own property in Dubai with a minimum value of AED 2 million (around USD 545,000). If it’s on a mortgage or installment plan, at least AED 1 million should be paid to the bank or developer.
- Residency in UAE: You must be physically present in the UAE during the application process.
- Spousal Participation: If you’re married, you and your spouse can jointly invest in one property. Ensure your marriage certificate is attested and translated into Arabic.
- Equal Shares: If the property is jointly owned, make sure the shares are equal between spouses. Otherwise, the higher share holder applies as the primary visa holder.
- Title Deeds Matching Passport: Your name on the property’s title deeds must match your passport.
Required Documents –
Before you embark on this exciting journey, gather these essential documents:
- Title Deed: For a Dubai property worth at least AED 2 million.
- Passport: Valid for more than 6 months.
- Emirates ID: If applicable.
- Digital Photo: A high quality digital picture of the applicant. We suggest visiting any photo studio in the UAE to get a professional one made.
- National ID: Required for applicants from the following countries: Iran, Pakistan, Iraq, Libya or Afghanistan.
- Health Insurance: Can be issued from any health insurance company in the UAE. You can purchase basic insurance via Dubai Health Authority Basic Insurance program.
Benefits: Why Go for the Golden Visa?
Acquiring a 10-Year Investor Visa in Dubai comes with its perks:
- Extended Stay: No restrictions on staying outside the UAE for extended periods, you can come and go as you please!
- Safety and Security: Dubai is known for its low crime rate, ensuring a secure environment.
- Sponsorship Options: You can sponsor children, parents and in-house help with this visa.
- Work Opportunities: Holders can live and work in Dubai, with MOHRE permission.
How Much Does the Golden Visa Cost?
Here’s a quick breakdown of the costs:
- 10 Years Property Investor Golden Visa: AED 9,884.75
- Renewal: AED 9,419.75
- Cancellation: AED 190.75
Applying for the 10-Year Investor Visa: A Walkthrough
The application process is straightforward:
- Document Verification: Submit the required documents for verification to dld-taskeen@dubailand.gov.ae.
- Apply Online: Directly apply online through the DLD website.
- Call for Assistance: For any queries or more information, call the DLD Call Center at 8004488.
Frequently Asked Questions (FAQs)
- Minimum Investment: You need to invest at least AED 2 million to qualify.
- Golden Visa Definition: Yes, the 10-Year Investor Visa is considered a golden visa in Dubai.
- Family Sponsorship: Yes, you can sponsor your family for a 10-year period.
- Work Eligibility: Holders can work in Dubai with the permission of MOHRE.
- Stay Requirements: As per the latest update, there’s no need to visit Dubai every six months.
- Applying from Abroad: You must be physically present in the UAE during the application process.
You can get started with applying online via DLD cube, a comprehensive online portal from the Dubai Land Department that makes it super easy to apply for the Golden Visa.
Conclusion: A Golden Opportunity Awaits!
Whether you’re dreaming of a prosperous business venture or simply want to explore the wonders of Dubai, the 10-Year Investor Visa is your golden ticket. With this guide, you’re armed with the knowledge to step confidently into the world of possibilities that Dubai has to offer. So, why wait? Start your journey today! If you’d like to look for properties that can get you that golden visa to the UAE, check out viewit, the only video real estate portal in the region to start your journey to becoming part of the UAE family 🇦🇪!