Dubai Golden VISA

Dubai Golden VISA

Congratulations, now you can enjoy a 10-year Investor VISA Dubai, which is called a Golden VISA. Cabinet Resolution No 56 of 2018, which is about Investor Residence Permit, and Entrepreneurs, explains about:

• Businessmen/investors
• Special Talents
• Skilled and talented people
• Creative People
• Shining and the Best Students
• Students experts in science, arts or some special skills, etc.

10-year Golden Visa:

Certain conditions are to be met for getting the 10-year golden visa. A few categories are entitled to getting the 10-year golden visa.

• The investor has to deposit 10 million AED in an investment fund, and he has to set up a business company in the UAE, where the business capital should not be less than 10 million AED.

• Investors can become partners in an OLD company or in a new company where the value of shares should not be less than 10 Million AED.

• Investors have a total investment which is not less than 10 Million Dirhams, and the investment in other sectors should be at least equal to 60% of the total investment, but not in the Real Estate sector. You can invest in Real Estate as much as you want.

• Loan amount is not allowed. It must be exclusively the personal capital of the investor.

• Investment can’t be deposited or credited and then demanded back. The minimum time period set is 3 years.

Conditions

Granting a visa is subject to the following conditions:

• The amount invested must not be loaned.
• The investment should be retained for at least three years.
• Solvency is the extent to which the current assets exceed the current liabilities. The solvency level must be a Million Dirhams.
• The long-term VISA is also able to support the wife of the investor, and his children. One Director and One Advisor are also entertained.
• Multiple Entry permit for 6 months. It is for overseas investors.

People with Special Talent 

The people with special and creative skills, or scientific or social researchers, and experts in science, inventions, artists, contributors, etc.

These experts or skilled people should have the relevant residence visa first. The science personnel have to be accredited by the Emirates Scientists Council. Art and creative workers should be accredited by the Culture and Youth Ministry.

A creative contributor must have the invention in their name, registered in the Economic Department, etc. Post-graduate PhD doctors need to have this degree from the top 500 universities in the world. Research articles should be published in accepted and globally admired old and modern media, like journals, blogs, etc.

5-year Golden VISA:  

• For a 5-year visa, the investor has to invest in property of more than 5 million AED.

• It should ne exclusively personal money, not loan money.

• Property can’t be sold or transferred for 3 consecutive years.

• For Investors, the business capital should be 500,000 AED or more.

• Multiple Entry for 6 months.

• Spouse, Kids, one partner and three executives are sponsored.

 Brilliant Students:

• At least grades or scores are not less than 95%, in any public or private sector.

• Students from universities need to have a GPA of more than or not less than 3.75 at the time of graduation.

• The families of the students are also accommodated. Read More Here.

 

Additional Reading: Israelis living in UAE