How do I obtain a UAE Golden Visa?
The UAE has recently announced the aim of attracting $150 billion in foreign investment over the next 10 years. In doing so, 50 initiatives, including the creation of new visas to attract talented individuals who can contribute significantly to the UAE’s economy, will be implemented.
One of these visas includes the Golden Visa. This is a long-term residency visa which was implemented in 2019, but the requirements and application process have since been modified. It is issued for a period of 5 or 10 years with automatic renewal, and since its inception, has allowed 44,000 current Dubai residents to benefit from it.
Its goal is to attract top talent from around the world, and in particular, innovators in the fields of technology, engineering, medicine, science and business.
The initiative allows foreign nationals residency in the UAE without the usual requirement of a UAE sponsor, and it enables company owners to retain 100% ownership of their business on the UAE mainland.
What are the required documents for the issuing of the golden visas?
Applying for either a 5-year or 10-year Gold Visa investors need to provide the following documents:
- A valid passport copies
- A passport photo
- A valid Emirates ID and existing UAE resident Visa
Depending on the visa type applied for, investors are required to provide the following additional documents, depending on the owned assets:
- Proof of investment
- Bank statements for proof of deposit and value in UAE
- Property valuation certificate from the Department of Urban Planning and Municipalities
- Additional validation documents that certify that the property or the investment have not been loaned or mortgaged
Other required documents for different categories of the golden visas have been mentioned prior, but are further detailed on the ICA website.
What is the application process?
There are two methods for investors to apply for a long-term investor Golden Visa.
A. Direct via the ICA:
- Setting up and obtaining pre-approval for the Golden Visa application
- Submit the application through the ICA smart e-services system (website / mobile application) or "Tasheel" typing offices
- Choose the correct desired Golden Visa
- Complete the application forms and upload the necessary documents
- Pay any application fees or registration costs
- Await approval
- Once approved, undertake standard New Visa process, or transfer of Visa onto the Golden Visa
Further information is available on the ICA website.
B. Through an authorised PRO company in the UAE, such as PRO Partner Group:
PRO Partner Group (PPG) can assist you in collating the required documentation, choosing the ideal desired Golden Visa to meet your criteria and submitting the application. Once approved, PPG can then assist you fully from A to Z with the standard visa processing for yourself and your family as required.
Note that obtaining a Golden Visa is subject to the approval process. Please contact us below for further information.
What are the approximate registration costs?
The standard government costs for applying for a 5- or 10-year visa are as follows:
- Visa cancellation: AED 165
- Entry permit: AED 400
- Change of status: AED 625
- Issuing new visa: AED 1,400 (for 10-year visa) and AED 900 (for 5-year visa)
- Emirates ID: AED 1,075 (for 10-year visa) and AED 575 (for 5-year visa)
Please note that these fees are an indicative estimate and are subject to change. Fees will also vary depending on if you are applying from inside or outside the UAE.
There are additional fees for document preparation, foreign document and qualification attestation, legal translation, medical fees, health insurance and other third-party costs that may be required to prepare the documents and process to apply for a Golden Visa.
It is always advisable to seek professional assistance when setting up a resident visa for business purposes. At PRO Partner Group, we have extensive experience in processing visa applications with all the relevant government authorities and required departments. We can act as your government liaison agent or ‘PRO’ and liaise on your behalf with local authorities to ensure a swift and seamless registration, application and Visa processing.
Overall, the UAE’s golden visa initiative is an example of UAE’s commitment to the diversification and development of its economy and ambition to be at the forefront of the emerging industries of the future. It also symbolises the part the expatriate population plays in the success of the country’s economy.
How can PRO Partner Group help?
Choosing the right UAE Golden Visa and preparing the correct documentation and requirements can be complicated and many pitfalls can be avoided by seeking professional help. At PRO Partner Group, our team of expert advisors can help with the registration process throughout all the required steps up to issuance of the Golden Visa and additional family members as well. If you need assistance looking at the options to obtain an UAE Golden Visa, please get in touch with us on +971 (0)4 456 1761 for Dubai or +971 (0)2 448 5120 for Abu Dhabi, email us at email@example.com or complete the contact form below and we will be delighted to assist you.