Originally established as a fishing village in the eighteenth century, Dubai has become a cosmopolitan metropolis today. Undoubtedly, it has become one of the leading tourist destinations in the entire globe. Apart from it, the city aims to turn into the business hub for western Asia. There are already numerous reasons for people to come and visit this city. However, a tourist visa is not the only option to choose as many want to reside in the city for different purposes.
Owing to these reasons, more and more people look for Golden Visa. Now that you are reading this article, the possibilities are that you are considering applying for it as well. However, before you could go any further with it, don’t you want to know about the processes and benefits of the Golden Visa Dubai ? Let’s take a look at the common questions and answers.
What is the Dubai Golden Visa?
Came into effect in the year 2019, Golden Dubai Visa is the new system, which enables non-UAE residents to study, work, and live in the city without having any national sponsor and complete ownership of the business on the mainland of the United Arab Emirates. For any applicant, it will be first issued for 5 or 10 years and renewed after that.
What Benefits can you get from Dubai Golden Visa?
The Golden Visa proffers long-term residency to the ones who possess high net worth. This visa type is meant for a specified group of people, including entrepreneurs, investors, researchers, educators, medical professionals, bright students and educators. The purpose of this visa is to hold the skillful minds in the nation. The government intends to provide additional benefits to visa holders who want to reside in Dubai permanently.
This new system is a lot more than another addition to the visa services. First of all, it allows new residents to study, work, and reside in the lands of Dubai without having to look for any national sponsor. Secondly, it doesn’t take away or restrict the entrepreneurs to call themselves the owner of the enterprise they have been working on. These features of the golden visa are already known to you. Also, they are not the only reasons to go for this visa type. The major benefit that it brings is security. With this visa type, the government has specifically conveyed about helping investors and every one the security of their future.
What are the costs of applying for a UAE Golden Visa?
A Golden Visa with a duration of five years can cost up to AED 650, which will comprise AED 150 for application, and the price of the issuance will be AED 500. If you want to apply for a visa with a duration of 10 years, it can cost you up to ED 1,150. It can include AED 150 as application charges and AED 1000 as costs for issuance.
The Final Thoughts
In this blog, you learned about the Golden Visa Dubai, which allows a specified group of people to enter and reside in Dubai for longer years. The specific group here refers to the people with high net worth who can retain the talent in the nation. However, it is not only the Dubai government availing all the benefits as the people applying for this visa can get a plethora of benefits. It can include 100% ownership of the enterprise in the mainland of Dubai and the security of a satisfying future. The benefits of the Golden Dubai Visa are enough to attract people to enter the city.