UAE Free Zone Companies
UK Companies
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Hungary Companies
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Hong Kong Companies
Singapore Companies
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Seychelles Companies
Cayman Islands Companies
Obtainment of the UAE 10-Year Investor Visa
Major advantages of a residence visa:
- enables to live in the country;
- enables to become a tax resident (subject to additional conditions);
- enables to open a bank account;
- enables to rent property under an official contract;
- enables to connect mobile services;
- enables to obtain a driving licence.
The UAE real estate owners are eligible for 2 kinds of residence visas:
- 2-year visa for owners of real estate worth over AED 750.000 (~ USD 204.200).
- 10-year visa (“golden” visa) for owners of real estate worth over AED 2.000.000 (~ USD 545.000).
Requirements to Obtain a Visa
Amount of investment in real estate – from AED 2.000.000.
Requirements for the real estate:
- from 3 October 2022, applicants are allowed to purchase not only ready-to-move-in properties, but also off-plan properties from the approved developers;
- from 3 October 2022, applicants are allowed to purchase properties using loans from certain local banks;
- applicants are allowed to own several properties with a total value of more than AED 2.000.000.
Visa Specifics
- Investors over 60 years of age need additional permission to obtain a residence visa.
- Validity period of a residence visa is 10 years. Upon expiry, a residence visa can be renewed for another period.
- After getting his residence visa, the investor can apply for residence visas for his family members: spouse, minor children, unmarried adult daughters, adult sons receiving full-time education, dependent parents (a visa for parents is issued for 1 year).
- This category of visa gives no right of work in the UAE. Investor’s family members can work, provided the employer sponsors their work visa (the status of a residence visa will change).
Visa Obtainment Procedure
The visa application is handled by the Dubai Land Department.
After getting his residence visa, the investor can apply for residence visas for his family members:
- spouse,
- minor children,
- unmarried adult daughters,
- adult sons under 25 years of age,
- dependent parents (a visa for parents is issued for 1 year).
Documents to Be Submitted
The basic package of documents:
- title deed;
- passport, current visa;
- 2 photos (‘passport’ size, against a white background);
- health insurance.
To apply for visas for family members, one will need:
- passports,
- a current visa,
- photos,
- health insurance,
- legalized documents confirming the relationship (marriage certificate, birth certificate),
- Non-Objection Certificate.
Visa Obtainment Period
2 – 3 weeks
from 2 500 AED
The cost of obtaining an investor residence visa includes:
- Preparing, executing and agreeing the necessary documentation with the migration authority.
- Accompanying the client to a medical clinic for medical examination.
- Accompanying the client to the Federal Migration Service for fingerprinting and biometrics.
- Submitting to the migration authority documents for issuing and stamping a visa.
- Filing an application for and obtaining a residence card.
- Selecting an insurance company for medical insurance (if required).
- Transport expenses.
*Government fees (Entry Permit, Medical Fitness Report & Emirates ID, Visa Stamping on the Passport) are not included in this price.
The cost of obtaining a residence visa for the investor’s family member (per family member) includes:
- Preparing, executing and agreeing the necessary documentation with the authorities.
- Accompanying the applicant to a medical clinic for medical examination.
- Accompanying the applicant to the Federal Migration Service for biometrics.
- Submitting to the migration authority documents for issuing a visa.
- Filing an application for and obtaining a residence card.
- Selecting an insurance company for getting health insurance.