The stunning architecture, booming economy, and glittering skylines have made UAE the dream destination for people across the globe. The introduction of the golden visa has created a buzz as long-term residency in the UAE is in high demand. In fact, it allows entrepreneurs to travel to and from the UAE without worrying about visa expiry and focus more on their strategic goals. With a golden visa, you can live, stay and work in the region without the need for a local sponsor and have 100 percent ownership of your business on the UAE’s mainland.
The good news is that the golden visa application process has gotten easier as the Dubai Land Department (DLD) started accepting applications based on property evaluation. Read on to understand more about the investor visa, a common category of golden visa, and the application process.
How to get a 10-year investor visa through property investment
Entrepreneurs from different parts of the world are attracted to the UAE because of its business-friendly policies and welcoming environment. Additionally, in order to ensure business sustainability and a long-term future in the country, the government has come up with an investor visa or partner visa. The validity of this visa is ten years, depending on your eligibility category. It’s the most common type of golden visa, and it requires the applicant to have a significant financial investment in the country.
The good news is that the Dubai Land Department (DLD) has amended the old rule which states that the price of the property as mentioned in the title deed will be considered to determine your eligibility. So, if the amount mentioned in the title deed is less than AED 2 million, you won’t be eligible for the investor visa even if the current market value is higher. However, as per the new rule, you will be entitled to the investor visa if the current market value of the property is over AED 2 million regardless of the actual price.
Requirements for golden visa application
Planning to apply for a golden visa? We’ll make the process effortless. The UAE government has set specific requirements to define the eligibility for the investor visa. The following are the major requirements:
- You must be in the UAE
- You own a property in the UAE worth at least AED 2 million
- The property can be jointly owned by you and your spouse. In that case, both of you must have equal shares. If not, the one who has the highest share can become the primary visa holder and sponsor the other.
- You own a title deed with a market value of over AED 2 million
What are the benefits of having an investor visa?
The golden visa has become popular in no time for all good reasons. So, have a look at the perks that it offers:
- Stay in one of the safest countries in the world
- Sponsor your family for the same 10-year period
- Extended stay outside the country
- Sponsor up to three domestic helpers and drivers
- Sponsor your parents for 10 years
- Sponsor your child for up to 30 years for boys or girls of any age.
Don’t miss the golden opportunity to have a long-term residency in one of the world’s most fascinating and thriving countries. Contact our expert consultants if you wish to obtain a long-term residency visa in the UAE and ensure a sustainable future. We will make the process faster and seamless for you.
