Permanent Residency in Dubai: The Golden Visa Program

Dubai’s Golden Visa Program offers a pathway to long-term residency for investors, entrepreneurs, skilled professionals, and their families. It is a prestigious residency initiative that allows expatriates to live, work, or study in Dubai for an extended period without the need for a local sponsor. This program is part of the UAE government’s effort to attract global talent, foster investment, and encourage innovation in various fields.

Key Features of Dubai’s Permanent Residency Program

1. Long-Term Residency Options:
   • Residency permits are available for 5 or 10 years, depending on the eligibility category and investment amount.
   • These visas are renewable, providing an opportunity for long-term settlement.
2. No Local Sponsor Required:
   • Applicants are not required to have a local sponsor, offering greater independence and flexibility.
3. Path to Permanent Residence:
   • Although the Golden Visa itself does not grant full citizenship, it ensures long-term stability and residency rights in Dubai.
4. Full Business Ownership:
   • Residency holders can own 100% of their business in the UAE without requiring a local partner.
5. Family Inclusion:
   • The program extends to the applicant’s spouse, children (without age limits for unmarried daughters or sons in education), and domestic staff.
6. Tax Benefits:
   • Dubai offers a tax-free environment with no personal income tax, inheritance tax, or capital gains tax.

Eligibility Criteria for the Golden Visa in Dubai

1. Investors:
   • A minimum investment of AED 2 million (approximately €500,000) in UAE real estate.
   • The property must be fully paid for and cannot be mortgaged.
   • Joint property ownership is accepted, provided each investor meets the minimum threshold.
2. Entrepreneurs:
   • Ownership of a UAE-registered company with a capital of at least AED 500,000, or approval of a government-accredited business incubator.
3. Skilled Professionals:
   • Includes doctors, engineers, scientists, IT professionals, and researchers in fields deemed essential to Dubai’s development.
   • Minimum monthly salary requirement: AED 30,000 (approximately €7,000).
   • Valid employment contract in the UAE.
4. Outstanding Students and Graduates:
   • Students with exceptional academic performance (minimum 95% in secondary school or a GPA of 3.8 in university).
5. Special Talent:
   • Artists, athletes, and innovators recognized for their contributions to their field.
6. Retirees:
   • Individuals aged 55+ with a minimum property investment of AED 2 million, or proof of financial savings of AED 1 million, or an active income of AED 20,000 per month.

Application Process

1. Initial Eligibility Check:
   • Submit documents proving compliance with the program’s investment or employment requirements.
2. Property or Investment Verification:
   • For property investors, documentation must include the property’s title deed, purchase agreement, and payment proof.
3. Visa Application Submission:
   • File the Golden Visa application through the UAE Federal Authority for Identity and Citizenship (ICA) or Dubai’s General Directorate of Residency and Foreigners Affairs (GDRFA).
4. Approval and Visa Issuance:
   •  Once approved, applicants receive their residency visa, which can be linked to Emirates ID issuance.

Benefits of Permanent Residency in Dubai

1. High Standard of Living:
   • Access world-class healthcare, education, and infrastructure in one of the world’s safest cities.
2. Business-Friendly Environment:
   • Dubai offers a thriving economy, international business opportunities, and free zone benefits for entrepreneurs.
3. Global Connectivity:
   • Dubai’s strategic location offers seamless access to Europe, Asia, and Africa with one of the world’s best airports.
4. Exclusive Lifestyle:
   • Enjoy luxury amenities, vibrant culture, and a cosmopolitan lifestyle.
5. Education and Career Opportunities:
   • Residency holders and their families can access premier educational institutions and job opportunities in Dubai.

Why Choose Dubai for Permanent Residency?

Dubai’s Golden Visa Program offers a unique opportunity to live in a dynamic, tax-friendly, and globally connected hub. With its world-class infrastructure, economic stability, and emphasis on innovation, Dubai is an excellent choice for families, investors, and professionals seeking long-term residency in a thriving metropolis.

At Lextrus Real Estate, we specialize in identifying investment opportunities that qualify for the Golden Visa program, ensuring a smooth application process and a strategic investment for your future.