What is the Visa for 750,000 AED in Dubai?
The visa for 750,000 AED in Dubai refers to the Golden Visa, a long-term residency program that allows investors, entrepreneurs, and specialized talents to reside in the UAE. This visa is aimed at promoting economic growth by attracting skilled professionals and investors to the region.
Understanding the Dubai Golden Visa
What is the Dubai Golden Visa?
The Dubai Golden Visa is a residency program that grants long-term residency to investors, entrepreneurs, and individuals with exceptional talents. This initiative is part of the UAE’s effort to attract and retain global talent and investment.
Who is Eligible for the 750,000 AED Investment Visa?
To qualify for the Golden Visa under the 750,000 AED investment category, applicants must meet specific criteria:
- Real Estate Investment: Purchase property in Dubai valued at a minimum of 750,000 AED.
- No Mortgage Requirement: The property investment must not be under mortgage at the time of application.
- Property Ownership: The investment should be in the applicant’s name, and the property must be retained for at least three years.
Benefits of the Golden Visa
The Golden Visa offers numerous advantages, making it an attractive option for investors and residents:
- Long-Term Residency: Holders receive a 5 or 10-year residency visa, depending on the investment amount and category.
- Family Inclusion: The visa extends to the investor’s spouse and children.
- Business Opportunities: Easier access to business setup and operations in the UAE.
- No Personal Income Tax: Benefit from Dubai’s tax-free environment.
How to Apply for the Dubai Golden Visa
Steps to Apply for the Golden Visa
Applying for the Golden Visa involves several steps, ensuring that applicants meet all necessary requirements:
- Property Evaluation: Ensure the property value meets or exceeds 750,000 AED.
- Document Preparation: Gather necessary documents, including proof of property ownership, passport copies, and any other required legal documents.
- Application Submission: Submit the application through the Dubai Land Department or related government portals.
- Processing Period: Wait for the application to be processed, which typically takes a few weeks.
- Visa Issuance: Upon approval, receive the Golden Visa and enjoy the benefits of long-term residency.
Required Documents for Application
- Title Deed: Proof of property ownership.
- Passport Copies: Valid copies for the applicant and family members.
- Bank Statements: Evidence of the property’s full payment.
- Police Clearance: A certificate from the applicant’s home country.
People Also Ask
What is the processing time for the Dubai Golden Visa?
The processing time for the Dubai Golden Visa generally takes between two to four weeks, depending on the completeness of the application and the verification of documents.
Can I apply for a Golden Visa if my property is mortgaged?
No, to qualify for the Golden Visa under the 750,000 AED investment category, the property must be fully paid and not under mortgage at the time of application.
Does the Golden Visa cover family members?
Yes, the Golden Visa extends to the applicant’s immediate family, including a spouse and children, allowing them to enjoy the same residency benefits.
Can I work in the UAE with a Golden Visa?
Yes, holders of the Golden Visa can work in the UAE. The visa facilitates business operations and employment opportunities within the country.
What happens if I sell my property after obtaining the Golden Visa?
If you sell your property, you may no longer meet the investment criteria for the Golden Visa. It is essential to maintain the investment to retain the visa benefits.
Conclusion
The Dubai Golden Visa offers a unique opportunity for investors to secure long-term residency in one of the world’s most dynamic cities. With benefits like no personal income tax and the ability to include family members, this visa is an attractive option for those looking to invest and reside in the UAE. If you’re considering applying, ensure you meet all eligibility requirements and prepare your application meticulously to take advantage of this valuable program. For further details on the application process or to explore other visa options, consider consulting with a legal expert or a Dubai-based immigration consultant.
Next Steps: If you’re interested in learning more about other types of visas available in Dubai, check out our guides on Dubai Work Visas and Entrepreneur Visas in the UAE.
