Dubai’s Golden Visa: Benefits, Eligibility, And How To Apply

Dubai’s Golden Visa: Impact And Eligibility Criteria

Posted August 6, 2024

People are choosing Dubai as their new home, more than famous places like New York, Miami, and Paris to build a life or career. The UAE government in 2019 introduced Dubai’s Golden Visa to encourage investors and skilled workers to stay longer in the country.

Dubai Golden Visa holders are open to living, investing, and working in any of the 7 emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah, and Umm Al Quwain.

The Golden Visa in Dubai benefits rich people and experts in different fields. It lets them stay in the country for 5 to 10 years, and they can easily get it renewed. This visa is part of the UAE’s plan to grow its economy in new ways, not just relying on oil money.

The country wants to get better at things like technology, education, and healthcare. By offering Dubai’s Golden Visa, the UAE hopes to become a top place in the world for business by attracting smart people to come and work.

Key Benefits Of Dubai’s Golden Visa

Extended Residency: People can live in the UAE for a long time without needing a local sponsor to support their stay.
Ease Of Travel: Those with this visa can come and go from the UAE with minimal restrictions. They can also bring their close family members to live with them.
Professional Freedom: Dubai Golden Visa holders can own their businesses completely. They’re also free to work for any company they want. This helps create a good environment for starting businesses and advancing careers.
Family And Domestic Worker Sponsorship: People with Dubai’s Golden Visa can bring their family to live with them in the UAE. They can also sponsor as many domestic workers as they need, without limits.

Eligibility And Requirements For Dubai’s Golden Visa

The Golden Visa in Dubai welcomes a wide range of talented individuals and investors. It is available to doctors, scientists, investors, artists, company executives, athletes, engineering and science specialists, outstanding students, public investors, real estate buyers, and entrepreneurs.

There are specific rules for each group. Doctors and scientists need to get approval from the Ministry of Health and scientific councils. Business leaders should have a degree, work for at least five years, and earn at least AED 50,000.

For investors, they need to put in AED 2 million, own a company, or pay AED 250,000 in taxes. Entrepreneurs must show their project is worth AED 500,000 and get support from relevant organizations.

Applying for Dubai’s Golden Visa is now easy and quick. People can use the ‘One-touch’ Golden Visa service on the official website or mobile app. This app is available for both Android and iPhone users. This shows that the UAE is serious about welcoming new talent and business to the country.

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