Questions and Answers about Residence Visas for Investors in Dubai
Questions and Answers about Residence Visas for Investors in Dubai
- What is the role of the real estate sector in Dubai’s economic growth?
– The real estate sector has been one of the key contributors to Dubai’s long-term economic growth.
- How has the UAE government contributed to enhancing the investment environment?
– The UAE government has implemented strategic initiatives and projects to enhance the real estate sector, enriching the investment environment and instilling confidence in investors.
- What is the Golden Visa and who is eligible for it?
– The Golden Visa is a long-term residence visa that allows investors in the real estate sector and their families to reside in Dubai for extended periods.
- What are the available types of investor visas?
– Investor visas in Dubai include a 3-year investor visa, a 5-year Green Residency visa, a 10-year Golden Residency visa, and a retirement residency visa.
- What are the requirements for obtaining the Golden Residency visa?
– To obtain the Golden Residency visa, you need to have a real estate investment worth AED 2 million or more.
- Can visas be renewed?
– Yes, all investor visas can be renewed an unlimited number of times.
- Can family members obtain visas?
– Yes, visas can be issued for direct family members, including spouses and children.
- What are the benefits of a 3-year investor visa?
– The 3-year investor visa requires a real estate investment of AED 750,000 or more and can be renewed an unlimited number of times.
- What are the benefits of a 5-year Golden Residency visa?
– The 5-year Golden Residency visa requires a real estate investment of AED 2 million or more and can be renewed an unlimited number of times.
- What is the goal of the recent amendments to Dubai’s visa laws?
– The amendments aim to facilitate and enhance investment opportunities in Dubai, attracting new investors from around the world.
- How can one obtain a 3-year residence visa in Dubai?
– You can obtain a 3-year residence visa in Dubai by purchasing a completed residential property worth at least AED 750,000 and then applying for a 3-year investor visa.
- What benefits are available to holders of a 3-year residence visa?
– Holders of a 3-year residence visa can reside in Dubai and avail of various services, such as opening a local bank account and obtaining a driving license, in addition to unlimited visa renewals.
- Can mortgaged property owners get a 3-year investor visa?
– Yes, owners of mortgaged properties can get a 3-year investor visa if they invest a minimum of AED 750,000 and provide a bank statement.
- What are the requirements for a 5-year Green Residency visa?
– The Green Residency visa is for investors establishing or participating in business activities. It requires local authority approval, confirmed investment, and a freelance work permit from the Ministry of Human Resources and Emiratisation.
- What benefits do holders of a 10-year Golden Residency visa enjoy?
– Holders of a 10-year Golden Residency visa can enjoy long-term residency, sponsor their families, open bank accounts, obtain a driving license, and apply for an Esaad card for discounts on goods and services.
- What are the condition regarding under-construction properties for the 10-year Golden Residency visa?
– If an investor purchases an under-construction property with loans from selected local banks, they can obtain a 10-year Golden Residency visa after the property’s completion.
- What are the application fees for Green and Golden visas?
– The application fee for a Green visa is AED 335.75. The fees for the Golden Residency visa vary based on the type and status, and specific details can be checked with local sources.
- Can holders of the Golden Residency visa stay abroad for extended periods?
– Yes, after recent amendments, holders of the Golden Residency visa can stay abroad for up to 6 months without affecting the visa’s validity.
- Can holders of the Golden Residency visa apply for an Esaad card?
– Yes, holders of the Golden Residency visa can apply for an Esaad card, which provides discounts on a wide range of goods and services.
- What additional benefits come with the 10-year Golden Residency visa?
– The 10-year Golden Residency visa offers stability, extensive opportunities for investors and their families, allowing sponsorship of family members, hiring local employees, appointing consultants and executives, and applying for an Esaad card for discounts.
- What is the purpose of the retirement visa for elderly investors in Dubai?
– The retirement visa for elderly investors aims to attract investors over the age of 55, granting them a 5-year residency.
- What are the basic requirements for obtaining a retirement visa?
– Applicants for a retirement visa must meet one of the following criteria:
- Monthly income of AED 20,000 or more.
- Savings of at least AED 1 million.
- Purchase of local property valued at AED 2 million using personal funds.
- What are the benefits of the retirement visa?
– Holders of the retirement visa receive a 5-year residency, can work during retirement, and can sponsor their spouses and school-aged children.
- What is the minimum monthly income to qualify for a retirement visa in Dubai?
– The minimum monthly income to qualify for a retirement visa in Dubai is AED 15,000.
- Are there additional conditions for obtaining a retirement visa?
– Yes, applicants must own properties valued at a minimum of AED 750,000. The properties must not be mortgaged, rented, or under construction.
- Can spouses apply jointly for a retirement visa?
– Yes, if the investment is a joint project between spouses, they can apply for an investor visa together with a certified marriage certificate.
- Can the retirement visa be renewed?
– Yes, the retirement visa can be renewed every five years, provided all mentioned conditions are met.
- Are holders of the retirement visa required to have medical insurance?
– Yes, holders of the retirement visa must have valid medical insurance in the UAE while applying.
