Golden Visa UAE in2023

The "Golden Visa" of the UAE is a special type of long-term residency visa in the United Arab Emirates. This visa is issued for a period of 5 or 10 years and is granted to foreign entrepreneurs, investors, property owners, and scientists. With it, holders can freely reside and conduct business in the UAE, open accounts in local banks, and enjoy a favorable tax regime as tax residents of the country.

The residency visa in the UAE offers the same benefits as the "Golden Visa" and can be obtained by purchasing real estate worth at least $205,000. However, the "Golden Visa" allows the recipient to immediately obtain resident status for 10 years and, if necessary, sell the property before the end of this period.

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Holders of the "Golden Visa" have the right to sell their property just three years after obtaining the visa and redistribute their investments while remaining residents of Dubai for the entire 10-year term.

Who can obtain the "Golden Visa" in the UAE:

Investors who have invested more than 2 million dirhams (approximately 545,000 USD) in real estate.
Entrepreneurs with a share capital of at least 500,000 dirhams (approximately 136,000 US dollars).
Owners of companies approved by the business incubator in the UAE.
Outstanding scholars and students with exceptional achievements.

The program does not impose age restrictions on the applicant and does not take their country of origin into account.

After the expiration of the "Golden Visa," a foreigner can renew it while maintaining the conditions under which it was obtained, such as managing a company or remaining a property owner.

Types of "Golden Visa" in the UAE:

A "Golden Visa for 5 years for entrepreneurs" is granted to company owners with a share capital of at least 500,000 dirhams (approximately 136,000 USD) or to companies that have received approval from accredited business incubators in the UAE. The entrepreneur can also include up to three top managers of the company in their application.

A "Golden Visa" for 10 years for investors and entrepreneurs can be obtained by foreigners in the following cases:

If they invested at least 2 million dirhams in the investment fund.
When creating a company with a share capital of at least 2 million dirhams.
With investments starting from 2 million dirhams in the UAE economy, provided that investments in real estate do not exceed 40% of the total amount, entrepreneurs have the right to apply for visas for two company employees: an executive director and a consultant. Additionally, business partners can be included, on the condition that each partner invests 2 million dirhams (approximately 545,000 USD).

Since the beginning of October 2022, real estate buyers purchasing properties worth 2 million dirhams or more receive a 10-year visa, instead of the previous 5-year term that was in place under the old rules.

The process of obtaining a Golden Visa includes the following steps:

Choosing the right Golden Visa program and viewing real estate with the help of a manager.
Conclusion of the deal and payment of the deposit for the selected property.
Collection of necessary documents and their notarization.
Medical examination in the UAE.
Submission of documents to the relevant authorities in the UAE, including fingerprinting and biometric photography.
Obtaining a temporary visa for 6 months, after which the investor can start settling down in the UAE.
Obtaining a Golden Visa for the UAE, including the visa in the passport and the UAE resident identification card.

The Golden Visa in the UAE is handled by the Federal Authority for Identity & Citizenship and the General Directorate of Residency & Foreigners Affairs.