UAE Golden Visa: 8 Easy Steps For Real Estate Investors To Get 10-Year Residency

The UAE is known to be a land of opportunites. Whether to work or invest or just reside here, those wishing to relocate have a variety of visas and entry permits to choose from, including the highly sought-after Golden Visa .

This type of long-term residency permit guarantees its holder residency in the country for 10 years without a sponsor. It also grants multiple benefits, like allowing one to be outside the country for more than six months and a decade-long renewal period.

Many professions are eligible for this type of visa. Among them are investors in public investments, real estate investors, entrepreneurs, inventors.

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Property investors in the UAE can apply to get the Golden Visa via the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), but the authority has outlined the criteria required to apply.

Real estate investors who bought a property for a minimum of Dh2 million, or bought at least one or more off-plan properties worth a minimum of Dh2 million from an approved real estate firm.

The ICP has simplified the process for those willing to go throught this journey, which starts with an eligibility check, followed by completing a medical examination, and securing a two-year health insurance policy.

1. Check eligibility

Applicants submit their details to determine if they are eligible for nomination to receive the Golden Visa. Using an assessment tool, the ICP will ask a series of questions to determine what visa the applicant might be eligible for, subject to conditions.

2. Start the journey

Once nominated, applicants can begin the process to obtain long-term residency. ICP will send updates and notifications throughout each stage of the process.

3. Visa approval

Applicants will be notified once the visa is approved, allowing them to proceed automatically to the next steps.

4. Current residency cancellation (if applicable)

If the applicant already holds a valid UAE residency visa, they must cancel it after receiving the initial Golden Visa approval to move forward in the process.

5. Changing the status

ICP will automatically update the applicant's visa status-unless outstanding fines are present on their previous file. In such cases, a payment link will be sent to the applicant to settle the fines before continuing.

6. Medical check and health insurance

All applicants aged 18 and above must undergo a medical fitness test and obtain a two-year health insurance policy. Once the medical check is completed at a Ministry of Health centre and insurance is issued through Daman, ICP will automatically process the Emirates ID and residency visa. If this is not done automatically, the applicant must upload these documents manually.

7. Fingerprinting (if applicable)

If the applicant's biometric data is required, ICP will send a link to schedule an appointment at one of its service centres.

8. New Emirates ID issuance

Once all procedures are completed, the new Emirates ID will be delivered to the applicant's registered address.

The updated bundle steps provided by the ICP are part of a drive to eliminate bureaucracy in the UAE and facilitate the procedures for visa applicants.

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