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Golden Visa in Dubai: Exploring Extended Stay Options in the UAE

In recent years, Dubai has emerged as a global hub for business, luxury living, and tourism. The United Arab Emirates (UAE), of which Dubai is a key emirate, has introduced various initiatives to attract foreign investors, professionals, and individuals seeking an extended stay. Among these programs, the Golden Visa in Dubai and extended stay options have gained significant attention, offering a pathway for individuals to make Dubai their second home. In this comprehensive guide, we will explore the eligibility criteria, investment requirements, and other pertinent details associated with the Golden Visa in Dubai and extended stay options in Dubai.

Gurcan Partners stands ready to provide comprehensive support throughout every stage of the application for residency permit in Dubai. Please feel free to contact us via email info [@] gurcanpartners.com

Golden Visa in Dubai: An Overview

The program of Golden Visa in Dubai is a residency-by-investment initiative that allows eligible individuals to secure long-term residency in the UAE. This program is part of the government’s strategy to diversify the economy and attract foreign talent, investors, and skilled professionals.

Our dedicated team is here to guide you through every step of the process of obtaining a residency permit in Dubai for foreigners. Gurcan Consultancy provides comprehensive consultation services. For expert assistance with your process, feel free to reach out to us anytime at: info [@] gurcanpartners.com

Eligibility Criteria for the Golden Visa in Dubai

To be eligible for the Golden Visa in Dubai, individuals must meet certain criteria. These criteria vary depending on the category under which the application is submitted. Here are some key eligibility criteria for the Golden Visa in Dubai:

Investors

– Minimum investment of AED 10 million in non-real estate assets.

– The investment can be in the form of business ownership, public investments, or a deposit in an established company.

Entrepreneurs

– Have a previous project with a minimum capital of AED 500,000, or

– Have the approval of an accredited business incubator in the UAE.

Talented Professionals

– Individuals with exceptional skills or expertise in various fields such as science, art, culture, and sports.

– Proof of international recognition in the respective field.

Scientists and Researchers

– Hold a PhD degree in a scientific discipline.

– A minimum of 10 years of professional experience in the field.

Outstanding Students

– Students with a minimum grade of 95% in secondary school and a GPA of at least 3.75 upon graduation from a university.

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Extended Stay Options: Buying Property in Dubai

Apart from the Golden Visa, individuals can also consider an extended stay in Dubai by purchasing property. Dubai has become a prime destination for real estate investment, and owning property can offer a pathway for residency. However, it’s important to note that owning property does not automatically grant residency, but it can be a contributing factor.

To stay in Dubai by buying property, individuals should consider the following:

Property Purchase

Owning property with a minimum value, typically ranging from AED 1 million to AED 2 million, depending on the specific visa category.

Documentation

Provide necessary documents such as proof of property ownership, a valid passport, and other required paperwork.

Financial Stability

Demonstrate financial stability and the ability to support oneself during the stay in Dubai.

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Extended Stay through Employment

For those seeking an extended stay through employment, the salary requirements play a crucial role. Employed individuals must meet certain income criteria to be eligible for residency:

Minimum Salary

To be eligible for the Golden Visa in Dubai, individuals must meet specific criteria, including minimum salary requirements, which generally exceed 30,000 AED per month. However, it’s important to note that the precise minimum salary may vary depending on the specific visa category. In general, a higher income is often associated with an increased likelihood of obtaining residency. This requirement ensures that applicants have the financial stability necessary to support themselves during their stay in Dubai. Staying informed about any changes in immigration policies is crucial, as these regulations may undergo updates over time.

Employment Contract

Provide a valid employment contract from a reputable company in Dubai.

Conclusion

Golden Visa in Dubai and extended stay options offer diverse pathways for individuals seeking a long-term presence in this dynamic city. Whether through substantial investments, property ownership, or skilled employment, Dubai provides opportunities for a diverse range of individuals to call the emirate their home. It’s crucial to stay updated on the latest regulations, as immigration policies may undergo changes over time. As Dubai continues to evolve, these initiatives remain key elements in the city’s strategy to attract global talent and foster economic growth.

For the most up-to-date information on Golden Visa and extended stay options in Dubai, you can refer to the official website of the General Directorate of Residency and Foreigners Affairs (GDRFA) in Dubai. Additionally, exploring the official government portal for business and investment in Dubai can provide valuable insights into the latest policies and opportunities.

We welcome you to reach out to us for any inquiries or assistance by contacting us through email at [email protected]. In complex legal matters, such as those related to visas, investments, or residency options, the guidance and expertise of a legal professional are crucial. Considering the intricacies and potential implications of legal processes, seeking the help of an attorney is essential to navigate through these situations effectively.

Our team at Gurcan Partners is here to provide you with comprehensive legal support and ensure that you make informed decisions tailored to your specific needs and circumstances. Feel free to connect with us, and we will be more than happy to assist you in every step of the procces of the application of Golden Visa in Dubai.

Explore our additional articles on Dubai:
UAE Tax Residency
UAE Property Investor Visa
What You Need To Know About Crypto Licenses In Dubai
Buying Property In Serbia, Turkey, UAE And EU Countries

 

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