Dubai 10 Year Golden Visa (NEW UPDATES)
Table of Contents
Introduction
The UAE is renowned for its forward-thinking policies and unwavering commitment to progress. From awe-inspiring infrastructure to innovative economic reforms, the country continually works to attract global talent, investment, and entrepreneurship. A prime example of this is the Golden Visa Program, launched in 2019. This 10-year residency initiative has been a game-changer, offering unparalleled benefits for residents and investors.
Since its inception, the program has undergone several updates aimed at making it more accessible and rewarding. Whether you’re an aspiring investor, entrepreneur, or professional, understanding these changes is crucial for taking full advantage of this opportunity. Let’s dive into everything you need to know about the UAE Golden Visa Program and how it can transform your life.
If you want to watch a video on the same topic by our co-founder Kevin McKenzie, here’s the YouTube video for you.
Why Get a Golden Visa in the UAE?
The Golden Visa isn’t just a long-term residency permit—it’s your gateway to living, working, and investing in one of the world’s most dynamic and future-focused countries. Here’s why it’s worth considering:
1. Freedom to Work, Invest, and Live
The UAE offers unmatched opportunities for professionals and investors. With a Golden Visa, you can:
- Work freely without being tied to a single employer.
- Invest in the UAE’s thriving sectors, from real estate to stocks and cryptocurrency.
- Enjoy a luxurious and safe lifestyle in a global hub.
2. Access to Investment Opportunities
Opening a bank account in the UAE becomes seamless with the Golden Visa, unlocking the potential to:
- Invest in equity markets and stocks via platforms like Interactive Brokers.
- Trade and invest in cryptocurrency through fully regulated exchanges in Dubai.
Whether you’re from a country where crypto regulations are unclear or restrictive, the UAE offers a clear and supportive framework.
3. A 10-Year Residency Permit
Unlike tourist visas (30-90 days) or employment visas (2 years), the Golden Visa grants you 10 years of uninterrupted residency. It also covers your family members, ensuring they enjoy the same benefits.
4. Freedom to Travel Without Restrictions
Golden Visa holders don’t need to re-enter the UAE every six months to maintain their residency. You could spend years outside the country without worrying about losing your visa. This flexibility is ideal for families and global citizens with international commitments.
5. Family Sponsorship Made Simple
Golden Visa holders can sponsor their:
- Spouse and children.
- Parents.
- Domestic workers (with no cap on the number).
This ensures your entire family can benefit from long-term residency in the UAE.
6. Exclusive Perks
Golden Visa holders receive an Esaad Card, which provides discounts on shopping, dining, and leisure activities across the UAE.
Updated Pathways to the Golden Visa
The Golden Visa is accessible through multiple routes, each catering to different individuals and industries. Here’s a breakdown of the most popular pathways and their latest updates:
1. Real Estate Investment
Real estate has always been a cornerstone of the UAE’s Golden Visa program. Recent updates have made it even more attractive:
Lower Down Payment Requirement: Previously, you needed to invest 50% of a property’s value to qualify. Now, it’s just 20%, making it easier to secure a visa. For example, on a property worth AED 2 million, you only need to invest AED 400,000 upfront.
Off-Plan Properties Now Eligible: Earlier, only completed properties qualified. Today, you can invest in off-plan properties, which are often more affordable and come with flexible payment plans.
Key Consideration:
If you sell your property without replacing it with one of equal or higher value, you will lose your Golden Visa.
2. Fixed Deposits in UAE Banks
By depositing AED 2 million into a UAE bank as a fixed-term investment, you can secure a Golden Visa. However, withdrawing the funds prematurely will result in the visa’s cancellation.
3. Setting Up a Business in Dubai
Entrepreneurs can obtain the Golden Visa by:
- Establishing a business in Dubai.
- Paying themselves a monthly salary of at least AED 30,000 for six consecutive months.
- Holding a recognized and attested university degree.
While this option offers immense benefits, the process requires thorough planning, including obtaining the necessary attestations from the UAE’s Ministry of Foreign Affairs.
Benefits Beyond Residency
- Top-tier healthcare.
- World-class education.
- A safe and multicultural environment.
The Process of Applying for a Golden Visa
- Proof of property ownership.
- A valid passport.
- Emirates ID (if applicable).
- A valid trade license.
- Proof of business activity.
- University degree attested by the Ministry of Foreign Affairs.
GenZone: Your Partner in Securing a Golden Visa
- Hassle-free documentation.
- Tailored investment solutions.
- Step-by-step guidance throughout the process.
