How to Get a Golden Visa

Introduction 

A Golden visa is a kind of residency by investment scheme that gives individuals and their families to obtain residency or citizenship in any foreign country by investing in its economy. 

To qualify for this Golden Visa program you do require a minimum investment either in real estate, government bonds, or in any other agreed investment. 

Golden Visa benefits 

Here are the wide range of advantages of having a Golden Visa as mentioned below.

• Residency or citizenship – A Golden Visa helps you and your family members to work and live in the country and this investment will lead you for further applying for citizenship.
• Education – Many Golden Visa schemes do give access to local education incorporating universities and public schools.
• Real estate investment – The primary means of getting a Golden Visa is by the means of investing in foreign real estate.
• Travel – Many European countries along with their Golden Visa scheme they do incorporate the right to travel in the European Union.
• Healthcare – Golden Visa holders are usually qualified for local healthcare benefits it does vary from the country offering the scheme.
• Tax benefits – The Golden Visa scheme does give tax incentives like exemptions on foreign income or lower personal income tax rates.

Golden Visa requirements in Dubai 

This golden visa requirements do vary according to the type of residence, whether it be talent, entrepreneur, or investor. 

Investor 

If you invest in any fund, you will get a Golden visa for a minimum period of time of about 10 years without any sponsor, subject matter to the 

• Submission of the letter from an investment fund credit within the UAE declaring that the investor has the deposition of 2 million AED 
• Submission of a valid industrial license or commercial license along with the Memorandum of Association (MOA) declaring that the investor capital is no less than 2 million AED 
• Submission of a letter from the Federal Tax Authority declaring that the investor pays the government not less than 250,000 yearly.

In addition, you should 

• Give proof of medical insurance for himself and his family 
• Owns the invested capital entirely and it should not be a loan 

Real estate investors

If you have a property or several properties you will get a Golden visa for some time to 5 years, renewable on the same conditions and without a sponsor subject matter to the 

• Provision of the letter from the land of the Department of the Selective Emirate stating that he has his own one or more properties and its value is not less than 2 million Dihrams.
• Getting a property with a loan from selective local banks as given by the capable local entity.

Entrepreneurs

If you are an entrepreneur you might get a Golden visa for 5 years. If you have an economic project of a future nature based on innovation and risk or technical. You should have an approval letter for the following:

1. The authorities of the Emiratesshowing the projects is future or technical. 
2. A credited business apparatus in UAE to form the offered activity in the country.
3. An auditor in the UAE states that the project is worth not less than 500,000 Dihrams.

Outstanding uniquely talented

Outstanding specialist talents incorporate:

• Scientist 
• Doctors
• Inventors
• Athletes
• Creative people of art and culture
• Executives
• Specialists in the field of science and engineering
• Doctoral degree holder
• Specialists in scientific fields

Subject relevant to science and engineering incorporates:

• Electrical engineering 
• Computer engineering 
• Epidemiology and viruses
• Software engineering 
• Big data 
• Artificial intelligence
• Biotechnology and genetics engineering
• Electronic engineering

If you have an amazing unique talent you might get a Golden visa for 10 years after meeting the requirements mentioned below for every category:

Scientist and doctors

• A letter of recommendation from the Emirates Council of Scientists or a letter from the Secretariat of the Mohammed bin Rashid Medal for Scientific Excellence saying that the applicant has been awarded the Medal of Scientific Excellence.

• The approval letter from the Ministry of Health and Prevention in the UAE to exercise the profession of medicine.

Inventors 

The recommendation letter from the Ministry of Economy states that your patent has an additional value to the country’s economy.

Creative people in the fields of art and culture

The approval letter from the Department of Arts and Culture in responsive emirate.

Executive directors

• A letter of experience of no less than 5 years of holding the same position.
• A copy of the university degree given by the Ministry of Education with educational attainment no less than a bachelor’s degree.
• A salary certificate with a salary of AED 50,000 
• Valid work contract

Athletes

A recommendation letter from the General Sports Authority or one of the Sports Councils

Specialist in science and engineering 

A copy of a Bachelor’s or Master’s degree certified by the Ministry of Education and a work contract.

Outstanding students 

High School Students 

If you are a high school student and national-level topper (with a minimum grade of 95% in public or private secondary school) you might be given a Gloden visa for 5 years without a sponsor, subject to submission of a recommendation letter from the Ministry of Education (Emirates Schools Establishment). The duration of the Golden Visa for students is 5 years and might be extended if she/he is enrolled in one of the colleges/majors in the country that needs a study period of more than 5 years.

University students

If you are an excellent university student, you might be granted a Golden Visa for a period of 10 years without a sponsor given than:

• The university should be rated A or B class by the Ministry of Education.

• A recommendation letter from the university a recognized graduation certificate or an accredited academic record saying that the student’s cumulative GPA is no less than 3.5 for a class university and 3.8 for a B class university is submitted.

It should be more than 2 years since you graduated.

An excellent student of a foreign university might be given a Golden Visa for a period of 10 years without a sponsor, given that:

1. The student’s cumulative GPA is no less than 3.5
2. The university is rated among the finest 100 universities globally according to the rating system known by the Ministry of Education.
3. Graduation certificates are accredited by the Ministry of Education.
4. It has not been more than 2 years since you graduated.

Explorer of humanitarian work

If you are discovered for humanitarian work, you might get a Golden visa for 10 years. You might be among the following categories to be eligible as a pioneer of humanitarian work:

1. Individuals who have received a valued award from a local, regional, or international company that centers on humanitarian work.
2. Funders of humanitarian work provide value to the support that does not fall below 2 million UAE Dirhams or its equal.
3. Members and excellent employees who have worked for regional or international companies for a minimum of 5 years.
4. Members and excellent employees who have worked for civil associations and institutions of public interest for a minimum of 5 years.

Frontlines heroes

Frontline heroes who showcase extraordinary effort in crises like as COVID-19 pandemic also might be a Golden visa with a recommendation from a suitable authority. It incorporates medical assistance, nurses, pharmacologists, lab technicians, and other cadres accepted by the Frontlines Heroes Office.

 Golden Visa process

Below are the key steps of how to get the Golden visa as follows:

Step 1 Check your options

Open it by doing your research for a Golden visa and looking at its benefits and requirements. Select the one that goes exactly according to your budget and needs.

Step 2 Meets the requirements 

Every country has its own set of requirements for getting a Golden visa Dubai like types of investments, minimum investment amounts, citizenship by investment program, and background examination and analysis. Ensure that you will meet all the needs before applying.

Step 3 Construct your application 

Once you select the program and meet all the requirements, you will be required to prepare your application. It will include giving supporting documents, filling out the forms, and paying the fees.

According to the country offering the Golden Visa program, add-on steps would be incorporated into getting the Golden visa like language proficiency tests and interviews. Ensure to carefully review all the requirements for your specific program to make a smooth application process. 

Step 4 Submit your application 

Give your application to the relevant authorities after getting it ready. This might be done in person or online according to the country.

Step 5 Wait for a resolution 

The processing time for a Golden visa application differs by country, but it can take many months to get a decision. Once your application gets accepted you will have to follow the requirements of this program to maintain your residency permit and status.

This application process can weeks or months according to the country offering the Golden Visa program. After your application gets reviewed and accepted you will obtain your golden visa.

Step 6 Renew your visa 

A Golden visa usually needs to be renewed regularly to ensure that you know your specific Golden Visa program renewal requirements.

Conclusion 

Getting a Golden visa can bring a transformation in your life as it comes with numerous benefits business opportunities, long-term residency, and an elevated quality of life. VIP PRO Services in Dubai are experts and experienced as we have in-depth knowledge, a proven track record, customizable solutions, complete support, seamless process, guidance through the entire process, documentation help, legal knowledge, and transparency, and aim to give you a stress-free experience.