Types Of UAE Golden Visas and Their Eligibility Requirements
UAE is currently one of the world’s top 10 global business hubs. The country is attracting businesses to its land rapidly, especially due to the ease of doing business and its scope of growth. UAE has also simplified visa processes to reduce relocation hassles for business owners.
UAE Golden Visa is one of the best options for individuals looking to set up a business in the UAE. The eligibility criteria and the overall visa processing are also quite simple, allowing individuals to invest in UAE without worries. Take a look at the various Golden Visa types and their procedures-
1. Golden Visa Against Fixed Deposits
Individuals looking for a long-term residence visa in Dubai can apply for a Golden Visa against a fixed deposit of 2 million AED or more. You can get a Golden Visa for up to 10 years if you meet the eligibility requirements as follows-
∗ The applicant must have a valid savings or current account with any national bank in Dubai.
∗ The applicant must deposit a minimum of 2 million AED as a Fixed Deposit with a lock-in period of 2 years and zero interest.
∗ The applicant must be in Dubai with a valid visa and a valid passport.
∗ The applicant may receive a Golden Visa for up to 10 years if all documents are approved. You may also apply for a dependant visa for your wife and children (not for parents).
2. Golden Visa Against Real Estate Investments
Real estate investors are eligible for 3-year and 10-year Golden visas in UAE. For a 10-year Golden visa, the applicant must have Free Hold property in Dubai worth more than 2 million, and for a 3-year visa, the worth should be more than AED 750,000. The property shouldn’t be mortgaged; the amount should be written on the Title Deed.
For a jointly owned property, the individual share must be greater than 2 million for a 10-year visa and 1.5 million for a 3-year visa. Other required documents are,
∗ Valid passport∗ Medical insurance
∗ Valid Visa
∗ High-res passport-sized photographs, valid email id, and mobile no.
∗ The applicant must be present physically at the time of application.
3. Golden Visa for Investors
Investors willing to invest in the UAE can apply for a Golden Visa for up to 10 years. To be considered eligible, you must have,
∗ A valid trade license and sufficient business activities in the UAE ∗ The employed capital must be greater than 2 million equivalent of the share. ∗ A valid emirates Id from a nationally recognized company ∗ A valid visa to UAE ∗ Audited financial statements for the previous year ∗ The investment should be in a VAT-registered company, and the applicant must present the last 4 quarter statement showing timely tax payments. ∗ A minimum average of 500k AED balance in the company’s last six months of operations ∗ If the company is a Free Zone company, you may need a No Objection Certificate from Free Zone. ∗ The dependant visas are available for the wife and children only.4. Golden Visa for Executives
Executives and General Managers working in UAE for more than 5 years in the same company are also eligible for a 10-year Golden Visa. The individual must present the following documents during visa application-
∗ Bank statements confirming a salary of more than AED 30,000/-∗ Valid Visa, Passport, and Emirates ID
∗ Educational degrees certified by MOFA
∗ Free Zone NOZ if the company is a Free Zone company
∗ No Objection Certificate from the sponsor company
Simplified Visa Processing
As you can see, getting a Golden Visa to UAE is no longer that complicated. You can easily apply for your Golden Visa in any of the above mentioned categories via a professional visa consultant like us. We at Xenia Consulting are leaders in UAE visa processing and visa-related consultation services with years of experience in our arsenal. So, get in touch with us to get a highly esteemed Golden Visa to UAE without any hassles.