Golden Visa vs Regular Visa: Key Differences & Requirements Explained!

Dubai is a hotspot for expats, and with that comes the necessity to understand the different visa options available. Among these, the Golden Visa and Regular Visa stand out. Both visas offer unique benefits and requirements, but they cater to different needs and lifestyles. Let’s dive deep into the specifics of each visa type, their requirements, and how they stack up against each other.

 

Understanding the Regular Visa

The Regular Visa in Dubai is designed primarily for those who wish to live and work in the emirate for a shorter term. This visa is typically granted for a duration of two years.

Eligibility and Requirements

To obtain a Regular Visa, you can either be sponsored by an employer or establish your own company. Here are the primary pathways:

• Employment Sponsorship: If you secure a job in Dubai, your employer can sponsor your visa. For instance, if you work as a videographer, your employer can apply for your two-year resident permit.
• Freelancer Visa: If you prefer freelancing, you can apply for a separate freelancer visa without establishing a company. This visa also grants you a two-year residency.
• Property Purchase: You can directly buy an apartment worth at least 750,000 Dirhams (approximately $225,000). This investment should ideally be a ready property, allowing you to apply for a visa simultaneously.

 

Key Features

With a Regular Visa, you are required to enter the UAE every six months to maintain your residency status. This can be a drawback for those who travel frequently or are not planning to live in the UAE full-time.

 

Exploring the Golden Visa

The Golden Visa, on the other hand, offers a long-term solution. It is valid for ten years and provides more flexibility compared to the Regular Visa.

Eligibility and Requirements

The Golden Visa has two main categories: investment-based and merit-based. Here’s a closer look:

• Investment in Real Estate: You can qualify by investing a minimum of 2 million Dirhams (around $550,000) in real estate. This investment can be in off-plan projects or properties under construction, allowing for installment payments.
• Exceptional Talent: If you are a researcher, entrepreneur, or possess specialized skills, you may qualify based on your achievements and contributions to your field.

 

Key Features

One of the most significant advantages of the Golden Visa is that you do not need to renew it every two years. Instead, it lasts for ten years. Additionally, holders are not required to stay in the UAE for a specific period, allowing for greater flexibility in travel.

 

Comparing Visa Types

Understanding the key differences between the Golden Visa and Regular Visa can help you make an informed decision about which option suits your lifestyle best.

Duration of Stay

The Regular Visa allows you to stay in the UAE for two years, whereas the Golden Visa extends this period to ten years. This longer duration can significantly reduce the hassle of frequent renewals.

Family Sponsorship

With a Regular Visa, you can sponsor your spouse and children under 18. In contrast, the Golden Visa allows for sponsoring all family members, regardless of age, providing a more inclusive option for families.

Cost of Renewal

Renewal costs are also a consideration. The Regular Visa renewal can cost around 7,000 Dirhams (approximately $2,000), while the Golden Visa renewal is around 4,000 Dirhams (about $1,100) every ten years.

Flexibility and Travel

Regular Visa holders must enter the UAE every six months to maintain their status, which can be restrictive. Conversely, Golden Visa holders can spend extended periods outside the UAE without jeopardizing their residency status.

 

Application Process for Each Visa

Both visas have distinct application processes. Here’s a quick overview:

Regular Visa Application

To apply for a Regular Visa, follow these steps:

1. Secure a job offer or arrange for a freelancer visa.
2. Gather required documents such as a valid passport, job offer letter, and proof of accommodation.
3. Submit your application through the relevant government authority.
4. Once approved, complete a medical examination and obtain an Emirates ID.

Golden Visa Application

The process for the Golden Visa is slightly more complex due to the investment requirements:

1. Make a qualifying investment in real estate or provide evidence of your exceptional talents.
2. Gather necessary documentation, including proof of investment and a valid passport.
3. Submit your application through the Federal Authority for Identity and Citizenship.
4. Complete any required medical examinations.

 

Citizenship Options in Other Countries

Beyond the UAE, countries like Portugal and Spain offer citizenship by investment options. However, the processes are generally more complex and time-consuming compared to Dubai.

Portugal Citizenship by Investment

Portugal allows individuals to obtain residency by investing a minimum of €500,000 in real estate. This residency can eventually lead to citizenship after five years, contingent upon meeting certain criteria.

Spain Citizenship by Investment

Similarly, Spain offers a path to residency through real estate investment, requiring a minimum investment of €500,000. This can lead to citizenship after ten years of residency.

 

Deciding between a Golden Visa and a Regular Visa in Dubai ultimately depends on your personal circumstances and long-term goals. The Golden Visa offers a more flexible, long-term solution, while the Regular Visa may be suitable for those looking for shorter stays or employment opportunities. Understanding these options can help you navigate the process of moving to Dubai with clarity and confidence.

For more detailed inquiries or personalized assistance, feel free to reach out. Whether you're considering relocation or investment opportunities, being informed is the first step towards making the right choice.