The requirements for getting a Golden Visa in UAE

In this article we will talk about UAE’s Golden Visa, the cost of obtaining this type of visa and so on. Every year, many people choose to emigrate to the UAE, but due to the fact that this country did not grant permanent a residence permit in the past, many people left the country because it wouldn’t grant a residence permit and people couldn’t receive a permanent residence permit in the UAE even if they were retired in the UAE or invested in this country. This country recently enacted some laws that will allow individuals who are investors or employed in certain occupations to receive a long-term residence permit (either 5-years visa or 10-years visa). For more information about the UAE Golden Visa, you can refer to the website of the Malekpour Law Firm (MIE Austria) or contact this legal institute’s offices and benefit from a free consultation.

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Topics reviewed in this article:

Introducing the UAE Golden Visa
5-year UAE golden visa
10-year UAE golden visa
How to register for the UAE Golden Visa for Iranians
The cost of obtaining a UAE golden visa

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Introducing the UAE Golden Visa

The UAE Golden Visa is not like a standard 2-year residence permit, and it is a 5-year or 10-year visa. The UAE started granting Golden Visa since May 21 in 2020, and 6,800 visas were issued to eligible applicants by the end of 2020. The advantage of this visa is that it can be extended and the applicant can always renew this visa if he/she meets the requirements and his/her family members are also able to get one.

This visa includes 5 categories of people:

entrepreneurs

Investors

Real estate investors

Talented students

Talented people like doctors, researchers and innovators

5-year UAE golden visa

People who are eligible for a 5-year visa are:

Real estate investors
A person who invests 5 million dirhams in real estate in this country can apply for a 5-year visa for himself/herself, his/her dependents, advisors and managers.
entrepreneurs
A person who has an idea and invests 500,000 dirhams for this idea and who also gets an accreditation certificate from this country is eligible for this visa. Initially, the applicant can obtain a 6-month multi-entry visa to enter the UAE and check the conditions in this country, and by entering UAE prior to obtaining a 5-year visa the process of obtaining a 5-year visa will be easier.
Students
School students who have graduated with a grade of at least 95 per cent from secondary schools and university students who have graduated with a distinctive GPA of at least 3.75 from universities can apply for this visa.

It should be noted that all of these people, even students studying in the UAE, can apply for a visa for their spouses and children.

UAE Golden Visa

10-year UAE golden visa

Investors
Those who intend to get this residence permit as an investor must register a company or invest for at least 10 million dirhams. 60% of this amount must be invested in immovable property (real estate) and the applicant must prove that he/she is the real owner of the capital and the applicant can have one person as his/her executive director and one person as his/her advisor as companions in this path. The advantage of this method is that family members can accompany the main applicant and there is no requirement for being present in this country for 6 months. This way, a person can live outside of the UAE for more than 6 months a year. Another advantage of this visa is that after obtaining this visa and entering this country and starting a business, after its expiration a person can apply for this visa again.
Talented people
People with special talents, education and work experience in the fields which are required by the UAE, patent owners or people who have research papers can also apply for this type of visa.

How to register for the UAE Golden Visa for Iranians

The applicants for this type of visa must first go to the UAE Golden Visa website and register their personal details on this website and submit the visa application. It takes about 30 days to process this application and a confirmation will be issued, but this confirmation doesn’t mean that your application was accepted. If this application was rejected, you can apply again after 3 months. After receiving the confirmation, you will be given some time to provide and submit the required documents, the list of which will be sent to you via email. Finally, a 6-month visa will be issued so that the person has the opportunity to enter the country and check the conditions in this country, and at the end he/she must submit an application to convert this visa into a residence permit. The processing time that we have mentioned is just an average figure and depends on the application and the opinion of the Immigration Office.

The cost of obtaining a UAE golden visa

One of the things that immigrants should be aware of is the costs related to immigration. Because this way they can have some information in this regard before taking any action so that they won’t face financial problems during the process. Visa issuance fee is usually not high and it is not a fixed amount and is always changing. The cost of issuing a 5-year visa is 650 dirhams, 150 dirhams of which is for applying and 500 dirhams is for issuing visas. The cost of issuing a 10-year visa is 1150, 150 dirhams of which is related to the application and 1000 dirhams is related to the visa issuance. It should be noted that in addition to these cost, there are ancillary costs such as costs of translating documents, certifying documents, and etc., which depend on the case and are not high, just keep them in mind.

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