Mastering the Path to a 10 Year Dubai Visa: A Comprehensive Guide

The United Arab Emirates, with its remarkable economic and welfare advancements in recent years, has emerged as one of the world’s foremost residency destinations. The United Arab Emirates offers a long-term residency program that provides individuals meeting specific criteria the opportunity to live and work in the country. This visa, commonly known as the Golden UAE Visa or Emirates Golden Visa, typically grants applicants the permission to reside and engage in activities in the UAE for a period of 10 years. Importantly, as long as the holder of the Emirates Golden Visa meets the visa requirements, their visa will be renewable.

In this article, we delve into the DXB Plan for obtaining a 10-year Dubai visa. Feel free to reach out to our experts for further information.

Benefits of Obtaining the Emirates Golden Visa

For those seeking long-term residency and work opportunities in the UAE, acquiring a 10-year Dubai visa comes with numerous advantages. Some of the key benefits of holding the Emirates Golden Visa include:

• Long-term Residency: The Emirates Golden Visa not only grants foreign individuals the permission to reside in the UAE for an extended period but also allows for its renewal.
• Quality of Life: With access to world-class amenities, healthcare, education, and cultural experiences, long-term residents can enjoy a high quality of life in the UAE.
• Employment Flexibility: Holders of the Emirates Golden Visa can work independently in the UAE without the need for a work permit or employment contract.
• No Financial Sponsorship Required: Unlike other UAE visas, the Emirates Golden Visa does not require sponsorship or support from a local sponsor or employer.
• Access to Services: Individuals with the Golden UAE Visa can access governmental services including healthcare, education, and public utilities.
• Tax Benefits: Golden Visa holders can enjoy favorable tax conditions similar to UAE citizens.
• No restriction for travel: This option is mainly beneficial for those who travel a lot and like to spend much of their time in a second residence abroad because by getting a UAE Golden visa, opposite of other UAE residency visas, you can spend an extended time outside the UAE, even more than 6 months and still benefit from your residency.
• Real Estate Investment: If you buy property in Dubai and get residency, you’ll further invest in the country’s economy.
• Residency for Dependents: The Golden Visa extends to dependents, ensuring peace of mind and family unity for visa holders.

Securing the Emirates Golden Visa: Step-by-Step Process

To acquire the Emirates Golden Visa, carefully follow these steps:

1. Download the GDRFA-Dubai app from authorized app stores such as the Apple App Store or Google Play Store.
2. Create your user account.
3. Select the desired visa type.
4. Log into your account, enter the required information, and upload necessary documents.
5. In the next step, record a two-minute video of yourself, upload it to the website, and pay the required fee.
6. Within 30 days, your eligibility for the 10-year Dubai visa will be assessed.
7. Upon receiving visa approval confirmation, proceed with the visa issuance. Complete and submit the required identity and nationality determination documents to the relevant authority.
8. One month after receiving the confirmation email, the Federal Authority for Identity and Citizenship will review and approve your application.

It’s important to note that seeking guidance from specialized individuals in this field is the best way to obtain the Emirates Golden Visa, ensuring avoidance of mistakes that could hinder visa acquisition.

Essential Documentation for Securing the Emirates Golden Visa

In general, certain documents are necessary for obtaining the Emirates Golden Visa, including:

• Valid passport
• Copy of previous UAE visa, if applicable
• Recent passport-sized photos with a white background
• Qualification documents, which vary based on the chosen category
• Financial proof
• Health insurance
• If currently residing in Dubai, documents for confirming residency status
• Certificate of no criminal record

It’s worth noting that depending on your classification, additional documents may be requested by UAE authorities.

Eligible Candidates for the Emirates Golden Visa

The Emirates Golden Visa is granted based on talent, residency type, and occupation of applicants. Among those who qualify for this visa are:

Investors in Public Investments

If you invest in an investment fund, you are eligible for a Golden Visa for a period of 10 years without a sponsor. You must:

• Invest a minimum of 10 million AED in public investment funds or company ownership.
• At least 60% of the investment must be in commercial companies.
• The investment must not be through loans.
• Maintain the investment for a minimum of three years.

Investors in Real Estate

Individuals who own one or multiple properties and invest in the best Dubai developments have the opportunity to obtain a Golden Visa valid for five years. This visa can be renewed under the same terms and without a sponsor, making it easier to secure the best deal. This is contingent upon:

• Presenting a letter from the land department of the relevant emirate confirming ownership of property or properties valued at no less than 2 million dirhams.
• Acquiring property through a loan from select local banks endorsed by the competent local authority.

Entrepreneurs

If you’re a business owner, you could qualify for a Golden Visa lasting five years provided you have an innovative economic venture with a technical or forward-looking focus, contingent upon:

• Present a technical or future-oriented economic project for a 5-year visa.
• The project’s value must be confirmed by an audit in the UAE and not less than 500,000 AED, with a technical or future-oriented nature.

Skilled Professionals

• Individuals with expertise and skills beneficial for Dubai’s future development, such as doctors, artists, scientists, etc.
• Criteria may include having a valid doctoral degree, international awards or certificates, published articles in reputable international journals, scientific books, or membership in a knowledge-based company.

Outstanding Students

• Talented students accepted by reputable Dubai universities or educational institutions.
• Students must have a GPA of 18 for high school students and a minimum GPA of 17 for university students, and their academic credentials must be issued by one of the top 500 universities worldwide.

Retirees

• Retirees with specific conditions and a certain level of financial stability are eligible for the Golden Visa.

Pioneers of Humanitarian Work

If you’re at the forefront of humanitarian efforts, you may be eligible for a 10-year Golden Visa. To qualify as a pioneer in humanitarian work, you must fall into one of the following categories:

• Members and exemplary staff with at least five years of service at international or regional organizations.
• Members and exemplary staff with at least five years of service at civil associations and public interest institutions.
• Individuals recognized with an accolade from a local, regional, or international organization dedicated to humanitarian endeavors.
• Sponsors of humanitarian endeavors, with a support value not less than two million UAE dirhams or equivalent.

Creative People In The Fields Of Culture And Art

• an approval letter from the department of culture and arts in the respective emirate.

Exceptional talents

Based on the latest UAE visa reforms, UAE provides 10-year visas for those with exceptional talent. So, if you are in one of the below-mentioned categories, you can try your chance of getting the UAE Golden visa:

• Doctors and Scientists
• Inventors
• Executive Directors and Professionals
• Athletes

CEOs and Executives

• Executives must have a minimum of 5 years of continuous work experience in their field.
• Offered a monthly salary of 30,000 AED from a UAE-based company.
• Hold valid health insurance.

Heroes on the Frontline

• Brave individuals who have demonstrated exceptional dedication during crises, like the COVID-19 pandemic, are also eligible for the Golden Visa with a commendation from a relevant authority.

Cost and Processing Time of the Emirates Golden Visa

The price of the Emirates Golden Visa varies depending on the duration and type of visa you choose. For accurate pricing information tailored to your circumstances, it’s best to consult specialists in this field.

The processing and approval time for visa applications is typically 30 days. Upon receiving approval, you proceed to the next stages of residency. The overall timeframe for obtaining the Golden Visa is approximately two to three months.

The cost of obtaining the UAE Golden Visa is not particularly high but is subject to change and depends on the type of visa (5 or 10 years). Below is a breakdown of the costs:

In addition to these fees, applicants may incur ancillary expenses, such as document translation and attestation fees, which are relatively affordable.

The Main Difference in Between: UAE 5-Year and 10-Year Golden Visa

The UAE Golden Visa is issued in two kinds: 5-year and 10-year visas. Each of these visas suit the qualifications of the person applying and their intentions towards the residence. The 5-year visa is mainly for entrepreneurs, exceptional students and creative talents in special fields and can be renewable upon request.

By contrast, a 10-year visa is given to substantial investors, distinguished professionals within medicine, science or technology sectors and senior executives. Target sectors for this category include but are not limited to people that may make major contributions to either the economic development or scientific growth of the country.

The main differences relate to the length of residence, financial criteria and categories for applicants. However, in general, both visa classes provide a high level of security and stability for the applicants and their families to develop in a dynamic environment.

UAE Golden Visa Application Processing Time

Application review and approval for the UAE Golden Visa take about 30 days, after which, on acceptance applicants proceed with further formalities related to residency. Generally speaking, the whole duration taken for the Golden Visa often ranges from two to three months.

Comparison of the UAE Golden Visa with other countries’ investment visa programs

Among investment visas issued in other countries, the UAE Golden Visa is unique due to simpler conditions, a fast process for issuance and benefits one will be able to use in the long term. Countries like the United States with their EB-5 Visa or Portugal with its Golden Visa require higher investment amounts and complicated administrative procedures, whereas the UAE Golden Visa is much more straightforward with conditions and wider investment opportunities regarding real estate and local businesses.

Besides, the UAE has the best place for business growth and family life due to its modern infrastructure, strategic geographic location and tax exemptions. Unlike many countries where one needs extended time to gain permanent residency, the UAE Golden Visa offers long term residency, freedom to engage in economic and social activities with quickness for you and your family.

Challenges and Possible Issues in Getting the Golden Visa

Though the UAE Golden Visa is a great opportunity to live and invest, there are some challenges that applicants may face in the process:

• High Initial Costs: Some may find it difficult to meet the financial criteria for investment or property purchase.
• Complex and Precise Documentation: The preparation of required documents, such as proof of financial stability, work history and professional qualifications, can be time-consuming and cumbersome.
• Potential Changes in Regulations: Updates or changes in residency and investment policies may affect the process of application.
• High Competition in Some Categories: There are categories such as creative talents and outstanding students, which are always in a high volume and thus have less chance for acceptance.

These challenges are easily surmountable with proper planning and expert guidance to successfully complete the application.

Final Words

In summary, since the introduction of the Golden Visa in 2019, countless individuals have embarked on the exciting journey of securing 5 and 10-year residencies in the UAE. To join this vibrant community, all it takes is meeting a few key requirements like financial stability or having valid educational credentials. And the best part? With processing times as short as 30 days, you could soon find yourself enjoying the wonders of Dubai’s dynamic lifestyle. If you are interested in purchasing a unit from one of the best UAE off-plan projects and would like to take advantage of the opportunity to obtain a residence visa in the emirate, please be aware that the professional team at Dxboffplan is available to assist you in securing the best deal. So why wait? Dive into this golden opportunity today and let our experts guide you every step of the way!