The Dubai golden visa is considered to be a gateway to a new beginning. It opens new horizons for the potential investors, entrepreneurs, top talent, and innovators, all over the world. It is also known as a long-term residency. It offers new, creative, and lucrative opportunities. Undoubtedly, Dubai is a central hub for commercial, economic, innovation, and business activities, therefore a long-term stay here can be much more beneficial and prosperous for the residents and visitors.
Long-term Residency Plan
A Dubai golden visa is also described as a long-term residency plan. It is launched by the commitment and dedication of the government of United Arab Emirates. This momentous program was introduced to attract top talent, established entrepreneurs, and healthy investors from all over the world. Therefore, it attracts millions of people towards the policy. People come to Dubai with a desire to lead a premium quality life with high quality amenities, facilities, and safety at its best. Besides, people also get attracted by the endless opportunities Dubai has to offer.
Intro and Start
The introduction of the historic Dubai golden visa has strengthened the UAE in the world. Now, people tend to seek golden visas to easily travel in and outside the UAE.
The long-term residency mainly comprises 5 to 20 years’ time. Moreover, to make things easier there is an unlying opportunity of renewal. It can be renewed easier after the expiry date.
Good Opportunity for Investors
It tends to appeal to investors, entrepreneurs, innovators, highly skilled professional freelancers, brilliant students, exceptional talents and others from across the globe.
There is an eligibility criteria attached to the Dubai golden visa. The eligible individuals are called golden visa holders. They are offered infinite opportunities within the UAE. They can independently thrive, live, reside, work, or study in Dubai.
Eligibility Criteria
The eligible criteria of golden visa cater to a large range of individuals from different categories. Golden visa holders include investors, entrepreneurs, skilled professionals, top talent, and outstanding students from all over the world. Investors in the real estate sector of the UAE are highly encouraged. Besides, it also encourages investors in a business or a public investment fund in the UAE.
Additionally, it appeals to new and successful startups, initiative businesses, top talent, famous celebrities, and flourishing freelancers. If we proceed further we will see that the country openly welcomes highly skilled professional people from the fields of art, science, IT, finance, technology, engineering, education, law, medicine, and others.
Golden VISA Holders and Benefits
- Golden visa holders include individuals who have exceptional talents and abilities in different fields. It also caters to individuals from sports, art, culture, fashion, social media, innovation, and creativity and is also eligible for a Dubai Golden visa. It is not like the traditional residency visa that was offered by the UAE is the past. Golden visa holders enjoy a broad spectrum of advantages. They can grab this opportunity and establish themselves. The long-term residency will offer a high level of security to the person. Besides, it also offers a sense of reliability and stability for over 5 to 10 years.
- The individuals can plan out their future in a better way. Now, they have predefined times to plan and execute. Besides, it can easily be renewed upon expiry. This raises the confidence of investors, businessmen, and entrepreneurs to invest in the economy. Dubai Golden visa is a license to have access to state-of-the-art services. The golden visa holders have full access to world-class healthcare centers, top-notch quality education, and other useful services within the UAE.
- Golden visa holders also enjoy the perks of available special discounts on various services inside the UAE. This was not present before. Furthermore, now the reliance on self-sponsorship has reduced. The dependency on sponsorship has opened new horizons for top talents, businessmen, and entrepreneurs from different corners of the world.
- Previously, family sponsorship was needed for spouses, children, and closer family members of any age group. Now family sponsorship is not needed for those who have a Dubai Golden visa in hand. The long-term residency plans have permitted multiple entries into the UAE. The restrictions on traveling within and outside of the UAE are made much easier with this. Previously, there were limitations on traveling in and out of the Emirates.
- Dubai’s golden visa has immensely contributed to the Dubai economy and its growth. This has also positively impacted the various sectors in the country including the corporate, real estate, technology, legal, and other sectors.
- It has also provided a greater degree of scrutiny over the visa holders who are allowed to build careers and companies in Dubai.
Nonetheless, it is equally essential for golden visa holders to understand their rights and responsibilities. They must adhere to the laws in the UAE to ensure compliance. This Golden visa does not require sponsorship from the employer or anyone else in the UAE. Therefore, the concept of Golden visa offers greater flexibility to its holders. Besides, it also provides independence and liberty to the visa holders.
The role of a lawyer is pivotal to availing the Dubai Golden visa. An experienced and professional lawyer can assist in understanding the rights and obligations to avoid any legal repercussions in the long run. The golden visa holders investors, entrepreneurs, and businessmen can retain full or 100 percent business ownership with them. Now they don’t need to rely on UAE nationals, employers or sponsors. This has allowed the individuals to retain full control over their business in the mainland.
How to Process
The application process for a Dubai given visa is simple and straightforward. The applicants can easily file for it online. It is done via the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) website.
It can also be processed through the General Directorate of Residency and Foreigners Affairs (GDRFA) online website. Furthermore, the Federal Authority for Identity, Citizenship, Customs and Port Security ICP requires some crucial documents. They require a passport copy, a visa application form, and more. Besides, an eligibility proof like investment proof, employment contract, and academic certificates is also required. They also need to submit health insurance and a certificate for good conduct.
