Dubai, known for its stunning skyline and vibrant culture, offers a 10-year visa option that can be an attractive choice for investors, entrepreneurs, and skilled professionals. This visa, also known as the Golden Visa, is part of the United Arab Emirates’ initiative to attract and retain talent.
What is the Dubai 10-Year Visa?
The Dubai 10-year visa, or Golden Visa, is a long-term residency visa designed to attract foreign talent and investment to the UAE. This visa is primarily aimed at investors, entrepreneurs, specialized talents, researchers, and outstanding students, offering them the opportunity to live, work, and study in the UAE without the need for a national sponsor.
How Much Does the Dubai 10-Year Visa Cost?
The cost of obtaining a Dubai 10-year visa can vary based on several factors, including the applicant’s category and the specific requirements they meet. Generally, the application fees for the Golden Visa can range from AED 1,150 to AED 4,000. Additional costs may include medical exams, Emirates ID fees, and insurance, which can add up to a total of AED 5,000 to AED 6,000. It’s important to note that these costs can fluctuate, so checking with the relevant UAE authorities for the most current information is advisable.
Who is Eligible for the Dubai 10-Year Visa?
Investors
For investors, the 10-year visa requires a public investment of at least AED 10 million. This investment can be in the form of a deposit in an investment fund, establishing a company in the UAE, or partnering in an existing or new company with a share value of not less than AED 10 million.
Entrepreneurs
Entrepreneurs with an existing project of a minimum capital of AED 500,000 or who have the approval of an accredited business incubator in the UAE can apply for the visa. This category encourages innovation and the establishment of successful businesses in the region.
Specialized Talents and Researchers
This category includes doctors, specialists, scientists, inventors, and creative individuals in culture and art. Applicants must have a contract in a specialized field of priority in the UAE. Recognition from a reputable authority or award is often required.
Outstanding Students
Outstanding students with a minimum grade of 95% in public and private secondary schools or university students with a GPA of at least 3.75 upon graduation are eligible for the Golden Visa. This initiative aims to attract and retain bright minds in the UAE.
What Are the Benefits of the Dubai 10-Year Visa?
- Long-term residency: Holders can live in the UAE for up to 10 years without a national sponsor.
- Family inclusion: The visa can cover the applicant’s family members, including spouse and children.
- Business opportunities: Access to a dynamic business environment and potential tax benefits.
- Stability and security: Enjoy a stable living environment with access to world-class infrastructure.
How to Apply for the Dubai 10-Year Visa?
The application process for the Dubai 10-year visa involves several steps:
- Determine eligibility: Ensure you meet the criteria for one of the eligible categories.
- Prepare documents: Gather necessary documents, including passport, investment proof, or academic credentials.
- Submit application: Apply through the Federal Authority for Identity and Citizenship (ICA) or the General Directorate of Residency and Foreigners Affairs (GDRFA).
- Pay fees: Complete the payment of the application and processing fees.
- Medical examination: Undergo a medical examination as required by the UAE authorities.
- Receive approval: Once approved, obtain your Emirates ID and residency visa.
People Also Ask
What is the processing time for the Dubai 10-year visa?
The processing time for the Dubai 10-year visa can vary, but it typically takes between two weeks to two months. This duration depends on the applicant’s category, the completeness of the documentation, and the approval process by UAE authorities.
Can I renew the Dubai 10-year visa?
Yes, the Dubai 10-year visa is renewable, provided the visa holder continues to meet the eligibility requirements. Renewal applications should be submitted before the visa’s expiration to ensure uninterrupted residency.
What happens if I no longer meet the eligibility criteria?
If you no longer meet the eligibility criteria, you may need to switch to a different visa category or leave the UAE. It’s crucial to maintain compliance with the visa requirements to avoid legal issues.
Is the Dubai 10-year visa applicable to all emirates?
Yes, the Dubai 10-year visa is applicable across all emirates in the UAE. However, specific application processes may vary slightly depending on the emirate.
Can I sponsor my family with the Dubai 10-year visa?
Yes, holders of the Dubai 10-year visa can sponsor their family members, including spouse and children, under the same visa. This benefit allows families to reside in the UAE together.
Conclusion
The Dubai 10-year visa offers a unique opportunity for investors, entrepreneurs, and talented individuals to establish a long-term presence in the UAE. By understanding the eligibility criteria, costs, and application process, you can make informed decisions about pursuing this visa. For more detailed guidance, consider consulting with immigration experts or the UAE authorities. If you’re interested in exploring more about living in the UAE, check out our guides on Dubai’s cost of living and business opportunities in the UAE.
