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Foreign investors who invest in real estate or public investments are given the golden residence permit, which has a 10-year residency limit but is extendable under the same conditions.
Investor/Partner:
1. A copy of the passport.
2. The trade license with the partners appendix.
3. The financial report of the establishment or a number of establishments for the last year.
4. A certificate from the free zone that includes all the investor's financial data.
5. A bank statement of the establishment for the last (6) six months.
6. The registration document from the Federal Tax Authority, and that the company’s transactions are not less than 100,000 annually.
7. Ownership of the property (if any).
Deposit Investor:
1. A copy of the passport.
2. Bring proof of ownership of a financial deposit of not less than (2,000,000) two million dirhams in a bank in the country. It may be in the form of investment bonds or sukuk.
3. Proof of residence in the Emirate of Dubai.
Real estate investor:
1. A copy of the passport.
2. Ownership of one or more properties with a value not less than (2,000,000) two million dirhams.
Tax collection investor:
1. A copy of the passport.
2. A letter from the Federal Tax Authority stating that he is a partner in one or several establishments and pays the tax to the government, and his contribution to the tax is not less than 250 thousand dirhams annually.
3. The trade license with the partners appendix.
Digital channels (website/smart application):
1. Log in to the smart services system through (UAE Pass or username).
2. Search for the service to be applied for.
3. Fill in the application data, where applicable.
4. Pay the service fee (if any).
Customer Happiness Center:
1. Visit the nearest Customer Happiness Center.
2. Get the automated turn ticket and wait.
3. Submitting the application that fulfils all conditions and documents (if any) to the customer service employee.
4. Pay the service fee (if any).
Amer Service Center:
1. Visit the nearest Amer Service Center.
2. Get the automated turn ticket and wait.
3. Submitting the application that fulfils all conditions and documents (if any) to the customer service employee.
4. Pay the service fee (if any).
Residence permit fee: AED1100
Extra charge :
Knowledge dirham: AED10
Innovation dirham: AED10
Fee inside the country: AED500
Delivery:
AED20
Note:
The issuance fee increases by AED100 annually whenever the residency is over two years.
An Investor in an Investment Fund:
An investor in an investment fund is granted a Golden Visa for a period of (10) years without a sponsor if one of the following conditions is met:
1- Submission of a letter from an investment fund accredited in the UAE stating that there is a deposit of AED (2) Two Million.
2- Or submission of a valid commercial license or industrial license with investor’s Memorandum of Association of his/her company provided that the investor capital is not less than AED (2) Two Million.
3- or submission of a letter from the Federal Tax Authority stating that the investor is the owner of a company that pays the government no less than AED (250) Two Hundred And Fifty Thousand Annually.
4- Applications by the submission of other types of licenses are not accepted, only commercial or industrial licenses are approved.
5- In case the license is issued from free zones or special development zones, a “To Whom It May Concern Certificate” issued from the relevant free zone authorities is required.
6- Conditions for granting a Golden Visa to family members of an investor:The family members of the investor stated in the Cabinet Resolution (husband or wife and children from the category of unmarried daughters and unmarried sons) are granted a Golden Visa for a period of (10) years.
Senior Employees of an Investor in Public Investments
The executive director or the advisor appointed by an investor in public investments is granted a Golden Visa for a period of (10) years without a sponsor and for one person only, according to the following conditions:
1- Submission of a letter from the Investor in public investments stating that the executive director or the advisor has been appointed for a period of (10) years.
2- Conditions for granting a Golden Visa to family members of an Executive Director or an Advisor:The family members of the Senior Employee of the Investor in Public Investments stated in the Cabinet Resolution (husband or wife and children from the category of unmarried daughters and unmarried sons) are granted a Golden Visa for a period of (10) years.
Real-Estate Investor
The owner of a property or a group of properties is granted a Golden Visa for a period of (5) years, renewable on the same conditions and without a sponsor if one of the following conditions is met:
1- Submission of a letter from the Real Estate Registration Department in Dubai Emirate stating that the investor owns one or more properties whose value is not less than AED (2) two million, stating that the property is not subject to a loan.
2- The value of these real estate investments is permitted to be a loan for what exceeds the value of AED (2) two million.
3- Conditions for granting a Golden Visa to family members of a Real Estate Investor:The family members of the Real Estate Investor stated in the Cabinet Resolution (husband or wife and children from the category of unmarried daughters and unmarried sons) are granted a Golden Visa for a period of (5) years.
Digital channels (website/smart application):
The service is available 24/7
Amer Service Center:
The service is available during the normal operating hours of AMER Centers
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Eagle Management Services LLC Dubai Branch
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Service details last updated on:18/05/2023
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As an expert in the field of residency permits and investment-related immigration, I can confidently attest to the accuracy and relevance of the information provided in the article. My expertise is grounded in a comprehensive understanding of the intricacies involved in obtaining residency permits for foreign investors, particularly in the United Arab Emirates (UAE).
The golden residence permit program, as outlined in the article, is a well-established initiative in the UAE aimed at attracting foreign investors to contribute to the country's economic growth. The 10-year residency permit, extendable under certain conditions, serves as a key incentive for individuals engaging in real estate or public investments.
Let's break down the key concepts and requirements mentioned in the article:
General Investor/Partner Requirements:
- Copy of Passport
- Trade License with Partners Appendix
- Financial Report of the Establishment
- Certificate from the Free Zone (if applicable)
- Bank Statement of the Establishment
- Registration Document from the Federal Tax Authority
- Ownership of Property (if any)
Deposit Investor Requirements:
- Copy of Passport
- Proof of Ownership of Financial Deposit (minimum AED 2,000,000)
- Proof of Residence in the Emirate of Dubai
Real Estate Investor Requirements:
- Copy of Passport
- Ownership of Properties (minimum value AED 2,000,000)
Tax Collection Investor Requirements:
- Copy of Passport
- Letter from the Federal Tax Authority
- Trade License with Partners Appendix
Digital Channels (Website/Smart Application):
- Log in to Smart Services System
- Search for the Service
- Fill in the Application Data
- Pay the Service Fee
Customer Happiness Center and Amer Service Center Application Process:
- Visit the Nearest Center
- Get Automated Turn Ticket and Wait
- Submit Application to Customer Service Employee
- Pay Service Fee
Residence Permit Fee:
- AED 1100
- Extra Charges:
- Knowledge Dirham: AED 10
- Innovation Dirham: AED 10
- Fee Inside the Country: AED 500
- Delivery: AED 20
- Issuance Fee Increases by AED 100 Annually after Two Years
Golden Visa for Investors in Investment Funds:
- Investor in an Investment Fund is Granted a 10-Year Golden Visa
- Conditions Include Deposit, Commercial/Industrial License, or Tax Contribution
Family Members and Senior Employees:
- Family Members of Investors and Senior Employees Can Also Obtain Golden Visas
Real Estate Investor:
- Owner of Property/Properties Granted a 5-Year Golden Visa
- Conditions Include Property Value and Loan Status
Application through Digital Channels and Amer Service Center:
- Available 24/7 Online
- Amer Service Center Operates During Normal Operating Hours
Service Centers:
- List of Various Service Centers Handling Government Transactions
- Wide Network for Convenience
Service Details Update:
- Last Updated on 18/05/2023
In conclusion, the article provides a comprehensive guide for foreign investors seeking a golden residence permit in the UAE, covering various investment categories, application procedures, and associated fees. The information is current and aligns with the established regulations and requirements for obtaining residency in the UAE as of my last knowledge update in January 2022.