A highly favourable tax climate, business-friendly regulatory environment, and different Visa types and privileges make UAE the leading business hub in the Middle East. We specialise in UAE Mainland, Free zone and Offshore company formation, and all kinds of Visa related procedures in the United Arab Emirates.
Golden visa Types & Procedures
1. Ten years Golden visa to an investor (Based on the Balance Sheet)
• An Investor should have a Valid Trade License and business activities in Dubai; the same should be for more than a year.
• Capital employed > 2 Million equivalent to his share. For Example, if he is a 50% partner in the company, the share capital employed should be more than 4 million.
• A valid visa and emirates ID card from a Dubai company.
• Audited financial statements for the past year to calculate the investment.
• Provide the department with an auditor Trade License and auditor certificate.
• A dependent golden visa is allowed for the wife and children but not the parents.
• The company must be registered in the VAT Department and need the last 4 Quarter VAT statement, which shows the timely VAT payment.
• Also, the company’s last six-month bank statement must show the reasonable balance maintenance in the account. (Need average 500K AED balance)
• Need personal account’s last six-month bank statement in Dubai with a balance of an average of 200K AED.
• In the case of Freezone company, the company should have a No Objection Certificate from Freezone to apply for said Golden Visa.
2. Ten years Golden visa to Executive Director & General Manager
• An Individual should be working with the same company in Dubai for more than five years on the post mentioned above and getting a salary > 30000/- AED or more. Also, he must have a bank statement confirming the same.
• The Individual must have a No objection certificate from the Sponsor company.
• The Individual must have a valid Passport, Emirates ID Card, and Residential EJARI.
• The Induvial must have educational degrees certified by the concerned embassy, MOFA and Ministry of education.
• If a company is a Freezone company, it needs Freezone NOC to apply for the visa.
• A dependent visa is allowed for the wife and children, not for the parents.
3. Ten years Golden visa on Fixed Deposit Investments
• For this visa, An Individual must have a savings/ current account in any of the national banks in Dubai and must keep a Fixed Deposit of 2 million (2 years lock-in period with zero interest)
• The Individual must have a valid Passport, and he should be inside the country on any visa
• Emirates ID Card, Residential EJARI. ( Not Mandatory)
• If does not have the valid document mentioned above, then can open an NRI account in the UAE and bring the funds into that account; after that can take Golden residency and complete the documents.
• Dependent visa is allowed to wife and children, not to the parents
4. Ten years Golden visa on Real Estate Investments.
• An Individual must have Freehold property in Dubai with a clear title deed.
• That Property should be more than 2 million more. This amount should be written on the Title deed.
• If the Property is Jointly held, then the Individual share should be greater than 2 million. For Example, if the Property is jointly had 50:50, Then the property value should be more than4 Million (Individual share should be >2 million.
• Property should not be a mortgage. If it is a mortgage, his clean investment should be 2 million, meaning the investor should have more than 2 million investments.
• The Individual must have a valid Passport.
• Medical Insurance is required (It may be locally or internationally)
• Physical presence is necessary to complete the formalities.
• Medical can be done same time at their place.
• Need original passport
• Working days 10
• If the Property is not handover, dept can give one year visa on OKUD ( case to case)
5. Three years Golden visas on Real Estate Investments.
• An Individual must have Freehold property in Dubai.
• That Property should be more than AED 750,000 or more. This amount should be written on the Title deed.
• If the Property is jointly held, the Individual share should be more than 1.5 million. For Example, if the Property is jointly held 50:50, Then the property value should be more than4 Million (Individual share should be >AED 750,000.
• Property should not be mortgaged. If it is a mortgage, his clean investment should be AED 750,000 million, meaning the investor should have more than AED 750,000.
• Medical Insurance is required (It may be locally or internationally)
• Physical presence is necessary to complete the formalities.
• Medical can be done same time at their place.
• Need original passport
• Working days 10
**In all cases, we need the original Emirates ID ( case to case), Mobile No, Email address, and High-resolution passport size photograph while applying for the visa.
How can Nex Consultants assist you?
We at Nex Consultants provide complete assistance for your Golden Visa procedures and visa handling applications. Our consultants are experienced in PRO services and know the changing laws in Dubai and free zones. We are also mindful of the formalities and requirements of most government departments. Our team of experts can establish your company on your behalf, obtain your license, investor visas, and visa for your family and bank account applications, and take care of all the necessary admin – leaving you hassle-free to run your business.