HomeBusiness setup - Dubai Department of Economy and Tourism - Basis: holding a deposit account in a UAE bank with a balance of at least AED 2,000,000

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Obtaining UAE Golden VisaBasis: holding a deposit account in a UAE bank with a balance of at least AED 2,000,000

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Residents and non-residents of the UAE can obtain a 10-year Golden Visa provided they have a deposit of at least AED 2,000,000 for a period of at least two years in one of the UAE banks participating in the Golden Visa program. The funds will be available for withdrawal at the end of this period.

About the visa
About a "Golden Visa" Program

The UAE Golden Visa program provides foreign investors, entrepreneurs, and outstanding professionals with the opportunity to obtain residency status in the UAE for 5 or 10 years based on specific investments or achievements. The program was launched in 2019 with the aim of attracting investments, highly skilled professionals, and entrepreneurs from around the world to stimulate the economic development of the country.

The following categories of individuals may receive the UAE Golden Visa:

  1. Investors contributing funds to the UAE economy;
    • Individuals with a deposit of at least AED 2,000,000 invested for a period of at least two years in one of the UAE banks participating in the Golden Visa program;
    • Companies' shareholders who have contributed a share capital of at least AED 2,000,000;
    • Individuals holding ownership of one or more real estate properties with a total value of at least AED 2,000,000;
    • Individuals annually paying taxes to the UAE government budget in the amount of at least AED 250,000;
    • The individuals listed above may receive a ten-year Golden Visa.
  2. Outstanding specialized talents:
    • Doctors, scientists, athletes, creative artists, inventors, executives, specialists in scientific fields, top managers and doctoral degree holders who demonstrate outstanding achievements and have recommendations from relevant regulatory authorities;
    • The individuals listed above may receive a ten-year Golden Visa.
  3. Entrepreneurs:
    • Founders of an economic project focused on technical innovations, assessed by an auditor for at least AED 500,000 and accredited by UAE business incubator;
    • The individuals listed above may receive a five-year Golden Visa.
  4. Outstanding Students:
    • The top students of public high schools or private secondary schools with a minimum grade of 95%;
    • Outstanding students of universities approved by the UAE Ministry of Education as Class A and B universities, with GPAs of 3.5 and 3.8 respectively, who completed their studies no more than two years ago;
    • Outstanding students of foreign universities from the world's top 100 universities with a GPA of at least 3.5, who completed their studies no more than two years ago;
    • The individuals listed above may receive a ten-year Golden Visa.
  5. Pioneers of humanitarian work;
    • Outstanding employees who have worked in international and regional organizations for a minimum of five years;
    • Outstanding employees who have worked for civil associations and institutions of public interest for a minimum of five years;
    • Individuals who have received an appreciation award from a local, regional or international organisation that focuses on humanitarian work;
    • Funders of humanitarian projects providing financing of no less than AED 2,000,000;
    • The individuals listed above may receive a ten-year Golden Visa.
  6. Frontline heroes:
    • Nurses, medical assistants, lab technicians, pharmacologists and other specialists approved by the Frontline Heroes Office who have demonstrated extraordinary efforts in crises, such as the COVID-19 pandemic;
    • The individuals listed above may receive a ten-year Golden Visa.
Advantages of a Golden visa

The UAE Golden Visa offers the following benefits:

  1. Long-term residency. The Golden Visa offers long-term residency rights in the UAE for a period of 5 to 10 years, with the possibility of extension.
  2. Independent residence without a sponsor. Unlike other types of visas, obtaining a Golden Visa does not require a local sponsor or employer.
  3. The possibility of obtaining family visas. Golden Visa can cover the holder's family members: spouse, children (unmarried daughters, sons under 25 years old, children with physical or psychological disorders without age limit), blood-related parents, as well as household staff, providing them with the same residency rights.
  4. No minimum in-country stay duration requirements. Unlike other types of visas, the Golden Visa does not require spending a certain number of days or months in the country each year.
  5. Favorable tax regime. The UAE does not impose personal income tax, which means that the income earned by Golden Visa holders within the country is not subject to tax.
  6. Possibility to obtain the Esaad privileges card. Esaad is a unique loyalty program developed by the UAE government, initially intended exclusively for the UAE citizens, but now also available to Golden Visa holders. This program offers a wide range of privileges and discounts of up to 70% in various sectors, including government entities, private service companies, retail stores, medical clinics, language schools, and travel agencies. The Esaad card's benefits extend not only within the UAE but also to 92 other countries worldwide.

These benefits make the UAE Golden Visa especially appealing to investors, entrepreneurs, highly qualified professionals, students and other categories of individuals seeking to secure a stable future in the UAE.

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