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How to Obtain Dubai's Golden Visa

Emma MarroneVerified
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Summary：Learn how to obtain Dubai's Golden Visa and enjoy up to 10 years of residency in the UAE. Eligibility criteria, application process, and benefits are discussed in this article.

How to Obtain Dubai's Golden Visa

Dubai's Golden Visa is a sought-after residency visa that allows the holder and their family to live and work in the UAE for up to 10 years. The visa was introduced in 2019 as part of the UAE government's efforts to attract investors, entrepreneurs, and talented individuals to the country. In this article, we will discuss how to obtain Dubai's Golden Visa, including the eligibility criteria,application process, and benefits of the visa.

Eligibility Criteria

To be eligible for Dubai's Golden Visa, you must fall under one of the following categories:

1. Investors: Holders of a property in Dubai worth at least AED 5 million (USD 1.36 million), or those who have invested at least AED 10 million (USD 2.72 million) in a business in Dubai.

2. Entrepreneurs: Business owners who have a company in Dubai with a minimum capital of AED 500,000 (USD 136,000) or those who have approval for a business project in the UAE with a minimum investment of AED 500,000.

3. Professionals: Doctors, engineers, and other professionals who have specialized in a specific field and have significant achievements, awards, or scientific contributions.

4. Special talents and researchers: Individuals who have unique talents or are researchers in priority fields.

Application Process

Once you meet the eligibility criteria, you can apply for Dubai's Golden Visa through the General Directorate of Residency and Foreigners Affairs (GDRFA) website or a registered typing center. You will need to provide the following documents:

1. Passport copies of all family members

2. UAE residency visa (if applicable)

3. Emirates ID card

4. Proof of investment/business ownership or academic/professional achievement

5. Bank statements or other financial documents

6. Health insurance

7. Passport photos

The application fee for Dubai's Golden Visa is AED 2,500 (USD 680) for a five-year visa and AED 5,000 (USD 1,360) for a 10-year visa.

Benefits of Dubai's Golden Visa

Dubai's Golden Visa offers several benefits to the holder and their family, including:

1. Residency in the UAE for up to 10 years

2. Freedom to work in any field or sector in the UAE

3. Access to education and healthcare services

4. Ability to sponsor family members

5. No income tax or capital gains tax

6. Visa extension without the need for a sponsor

7. Visa renewal for dependents

Credit Card Strategies for Dubai's Golden Visa Holders

As a Golden Visa holder, you can take advantage of several credit card benefits, including:

1. No foreign transaction fees when using credit cards for overseas purchases

2. Cashback rewards on local and international spend

3. Travel insurance coverage for flights, hotels, and rental cars

4. Exclusive discounts and offers on dining, shopping, and entertainment

However, it is essential to choose a credit card that suits your spending habits and offers the most significant benefits for your lifestyle. You should also be aware of the annual fees and interest rates when choosing a credit card.

Conclusion

Dubai's Golden Visa is an attractive residency visa that offers several benefits to investors, entrepreneurs, professionals, and special talents. The eligibility criteria and application process may seem daunting, but with the right documentation and preparation, you can obtain the visa and enjoy its benefits. As a Golden Visa holder, you can also take advantage of credit card benefits and save money on your purchases.

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