The Dubai Golden Visa offers an exciting opportunity to turn your dreams into reality. The UAE Golden Visa grants you a long-term residency permit for 5 to 10 years. Thus, allowing you to establish your business, live, work, and thrive in the UAE.
UAE Golden VISA Eligibility
Startup Founders
- Must own or co-own a startup registered in the UAE.
- The company should generate annual revenue of at least AED 1 million.
Investors
- Must have invested in an established company in the UAE.
- Provide evidence of the investment amount.
Innovators
Must propose ideas that add value to the UAE market or align with its strategic sectors.
- Must propose ideas that add value to the UAE market or align with its strategic sectors.
- The project must be technically advanced, certified by a UAE auditor, and valued at a minimum of AED 500,000 (approximately USD $136,000).
Approval Letters
- Obtain an approval letter from a UAE-based business incubator or an authority like the Dubai Future Foundation.
- Projects should be approved as being of a “technical or future nature” by relevant UAE authorities.
What is the Application Process for UAE Golden Visa?
- Meet Eligibility Criteria and Develop Your Innovative Business Plan
Firstly, ensure you invest or set up a business in the UAE as per the eligibility requirements. The next step is to align it with UAE’s vision for a future-oriented economy.
- Gather Necessary Documents
To submit your application online, you must have all the necessary documents such as proof of business ownership or investment, approval letter, documents certified by UAE auditor, and much more. It’s best to take assistance from experts so that your application process goes smoothly as each case is different and may require different documents.
- Fill Application forms and Submit Online
To apply for the UAE Golden Visa, you will need to apply online via the official UAE government portal (u.ae) or through the General Directorate of Residency and Foreigners Affairs (GDRFA).
What are the Benefits of the UAE Golden Visa ?
- Long-term Residency: The UAE Golden visa offers long-term residency. That means you can stay in the UAE for up to 10 years. You can also renew your UAE Golden Visa easily.
- No Sponsor Requirement: Golden Visa holders don’t need a local sponsor, providing greater flexibility and independence.
- Work and Study Rights: Having a Golden UAE visa, you can work and study in the UAE without additional permits.
- Family Sponsorship: Visa holders can sponsor their spouses and children, regardless of age.
- Tax Benefits: The UAE has a favorable tax system, with no personal income tax.
- Investment Opportunities: The visa can be obtained through various investment channels, including real estate and business.
- Healthcare and Education Access: Golden Visa holders can access high-quality healthcare and education facilities in the UAE.
- Enhanced Travel: The UAE Golden visa may provide visa-free or visa-on-arrival access to many countries. Hence, if you need to travel to other countries for your work, you can go through the UAE.
- Business Ownership: Foreigners can own 100% of their businesses on the mainland.
- Stability and Security: The UAE offers a stable and secure environment for living and doing business.
FAQs
Do you have to get a medical examination for a UAE Golden Visa?
Yes, you need to undergo a mandatory medical check-up as part of the visa application process.
What are the benefits of the UAE Golden Visa for your business?
- Business-Friendly Environment: The UAE provides a safe and friendly environment for entrepreneurs with its world-class infrastructure, banking facilities, and networking opportunities.
- Strategic Location: The UAE’s strategic location makes it a gateway to Asia and Europe, offering easy access to global markets.
Are there any tax benefits of incorporating your business in the UAE?
Yes, one of the key advantages of the UAE Startup Visa is the favorable tax regime. It is especially beneficial for startups to incorporate the company in Free Zones. These zones offer special tax and customs regulations, making the UAE an attractive destination for investors.
What are the residency benefits of the UAE startup Visa?
The UAE Startup Visa, often linked to the Golden Visa program, provides significant residency benefits:
- Long-Term Residency: Golden Visa holders can enjoy extended residency periods of 5 to 10 years.
- Visa-Free Travel: The visa offers visa-free travel to many countries, providing greater freedom of movement.
Moreover, If you want any other guidance relating to UAE Golden Visa, or UAE company registration, please feel free to talk to our business advisors at 8881-069-069.
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