Expats have shown a lot of interest in the Dubai Golden Visa scheme for long-term residency. When compared to other similar programs, the cost of the 10-year visa is reasonable.
Since it was put into place, the Golden Visa program has caused quite a stir among some expatriate groups with aspirations of obtaining permanent residency in the United Arab Emirates. The Golden Visa is anticipated to further strengthen the UAE’s position as one of the top hubs for international business. This investment with the reforms that are about to be implemented.
You can find all the information you need about Golden Visa Dubai below, including the requirements, advantages, application procedure, and more.
What is a Dubai Golden Visa?
Foreign talent can live, work, and study in Dubai for up to ten years with the Golden Visa, a long-term resident visa. This renewable golden residence program is only available to a select group of people, including investors who are trying to make a business setup in Dubai.
Golden Visa Duration
As previously stated, those who possess a UAE Golden Visa are free to remain outside the country for as long as necessary without fear of losing their status. Prior to this change, people may leave the UAE for no more than six months without losing their residency.
No of their age, Golden Visa holders are able to sponsor their wives, children, and other relatives. They have the ability to support an unlimited number of aid initiatives.
Dubai Golden Visa Cost
The kind of service and visa category have a big impact on how much the UAE Golden Visa costs. The Dubai golden visa price for those submitting applications from the UAE ranges from AED 2,800 to AED 3,800. The fee for those who apply from outside of the nation ranges from AED 3,800 to AED 4,800.
In addition, the applicant will have to pay about Dh1,000 for a medical check-up and a processing fee for an Emirates ID. Furthermore, they must obtain UAE health insurance, which has a starting price of Dh800 and fluctuates in price.
Application & Eligibility for a Golden Visa
Anyone who is gaining interest in applying for the Dubai Golden Visa may do so by submitting an online application using the ICA smart services platform. Candidates must submit the relevant paperwork and can prepare themselves to relocate to the UAE to pursue their business endeavours. This is a very simple procedure.
Qualifying for a UAE Golden Visa
Intending to lure the top talent in the world, the UAE has recently announced significant changes to its Golden Visa program by introducing six (6) new enlarged categories.
Starting in September 2022, additional 10-year visa categories will be available along with other visa improvements. Holders of the Golden visa will be able to sponsor their family members, regardless of their age, also domestic helpers.
Additionally, there are no limitations on the Golden Visa’s validity outside of the UAE for a maximum of six (6) months.
Conclusion
In addition to these, the UAE awards Dubai Golden Visa to researchers and professionals in the sciences & sectors of knowledge. Those are physicians, specialists, scientists, and innovators, as well as to innovative people in the arts and culture.
