Can You Get Golden Visa Without Property - Here’s How You Can Qualify!

The UAE’s Golden Visa has become one of the most sought-after residency programs globally, offering long-term residency for foreign nationals. Traditionally, one of the key ways to qualify for the Golden Visa has been through property investment, but the UAE has expanded eligibility pathways to include various non-property routes.

Stay tuned with us, we will explore the alternatives to obtaining a UAE Golden Visa without purchasing real estate. Whether you are an investor, entrepreneur, highly skilled professional, or even a retiree, there are multiple ways to qualify without owning property. Let’s dive into the details.

What Is The UAE Golden Visa Program And How Can You Qualify?

The Dubai Golden Visa is a long-term residency visa designed to attract talented professionals, investors, and entrepreneurs. The program offers multiple pathways for eligibility, enabling individuals to reside, work, and invest in the UAE for an extended period—without the need for a national sponsor.

While the most popular method has been through property ownership, the UAE has introduced other avenues in recent years. These new routes provide opportunities for people in various fields, from business owners to skilled professionals, to secure residency.

Alternative Routes To The Golden Visa Without Property – Need To Know!

Investment in a UAE Company

Investing in a UAE-based company is a popular alternative to property ownership for obtaining a Golden Visa. To qualify:

Investment Requirement: At least AED 2 million in a UAE business.
Eligibility: Both partnerships and ownership structures are eligible.

This option is ideal for those looking to contribute to the UAE’s thriving business ecosystem and benefit from the country’s investor-friendly policies.

Entrepreneurship and Startups:

Entrepreneurs can qualify for the Golden Visa by owning and running a startup in the UAE. The country offers a supportive environment for innovation and new businesses.

Investment and Revenue Requirements: The startup must generate at least AED 1 million in annual revenue.
Business Approval: The business idea must be approved by UAE authorities.

This route is ideal for those looking to enter the UAE’s dynamic startup ecosystem, benefiting from various resources and incentives.

Talent and Skilled Professionals

The UAE offers a dedicated pathway for skilled professionals in specialized fields, recognizing their contribution to the country’s economy.

Eligible Professions: Scientists, researchers, educators, digital creators, maritime specialists, and other highly skilled professionals.
Special Programs: New nomination-based programs target specific nationalities, such as India and Bangladesh, allowing them to qualify for a Golden Visa without needing property or a trade license.

This option is ideal for individuals with specialized expertise who can help drive innovation in the UAE.

Long-Term Financial Deposit

For individuals with substantial financial resources, the UAE offers a financial deposit route for obtaining the Golden Visa.

Deposit Amount: A minimum of AED 2 million is required.
Deposit Type: The funds can be placed in an investment fund or a local UAE bank.

This option is perfect for those seeking a stable, low-risk investment that ensures long-term residency in the UAE.

Retirees:

The UAE Golden Visa program also caters to retirees, allowing older individuals to settle in the country.

Age Requirement: Applicants must be 55 years or older.
Income Requirement: You must demonstrate self-sufficiency through a monthly income of at least AED 15,000 or a fixed deposit of AED 1 million for three years.

This route is ideal for those looking to enjoy retirement in a cosmopolitan city like Dubai or Abu Dhabi.

Non-Property Nomination-Based Program:

A new initiative targets nationals from specific countries like India and Bangladesh, allowing them to apply for a Golden Visa without needing property or a trade license.

Program Features: A one-time fee of AED 100,000 is required to bypass the traditional property or business requirements.

This program reflects the UAE’s commitment to attracting talent and investors from various regions without the need for property ownership.

Key Benefits Of The UAE Golden Visa – Don’t Miss Out!

The UAE Golden Visa offers a range of key benefits, making it an attractive option for long-term residency. First, it provides a long-term residency of up to 10 years, offering stability and security for individuals and families. Secondly, it gives access to world-class healthcare and education in the UAE.

Golden Visa holders can also sponsor their family members, ensuring a smooth transition for loved ones. Additionally, it opens doors for business opportunities and investment in a thriving economy. Finally, it allows for ease of travel and relocation across the UAE, with fewer restrictions compared to other visa types.

How To Apply For The Golden Visa Without Property?

The process for applying for a Golden Visa without property involves several steps. While the exact procedure may vary depending on the specific route you choose, the general process is as follows:

Eligibility Assessment: The first step is to determine which category you qualify for, whether it’s through investment, entrepreneurship, talent, or another route.
Document Preparation: You will need to gather the necessary documents, such as proof of investment, financial deposits, educational qualifications, or business licenses.
Application Submission: Once your documents are in order, submit your application to the UAE’s immigration authorities or the relevant department overseeing your specific visa category.
Approval and Visa Issuance: After review and approval, you will receive your Golden Visa, granting you long-term residency in the UAE.

Is The Golden Visa Worth It Without Property?

If you’re someone who doesn’t want to invest in property but still seeks to live and work in the UAE, the Golden Visa without property is a great option. With pathways based on business investment, entrepreneurship, professional skills, and financial contributions, the program provides a broad range of opportunities.

Whether you have a business idea, specific talents, or significant savings to invest, the UAE offers various ways to qualify. Plus, the long-term residency gives you the flexibility to settle in one of the world’s most dynamic economies.

FAQs:

Do I need a trade license to apply for the Golden Visa as an entrepreneur?

Yes, a valid trade license is typically required for entrepreneurs applying for the Golden Visa. This ensures your business is officially recognized in the UAE and meets the necessary legal requirements.

How long does the Golden Visa last?

The Golden Visa is valid for up to 10 years, after which it can be renewed, as long as the applicant continues to meet the eligibility criteria.

Do I need to prove a specific income level to get a Golden Visa without property?

Yes, for pathways such as retirement or long-term financial deposits, you must prove sufficient income or savings. This ensures that you can support yourself and your family without relying on government support.

Can I sponsor my family if I get the Golden Visa without property?

Yes, Golden Visa holders can sponsor their immediate family members, including spouses, children, and parents. This feature makes it easier for families to enjoy the benefits of long-term residency together.

Conclusion:

The UAE Golden Visa offers numerous pathways to residency, and property ownership is no longer the only route. Whether you are an investor, entrepreneur, skilled professional, or retiree, there are several alternative ways to qualify for the Golden Visa, each with its own set of benefits.

With the introduction of new programs and investment options, the UAE continues to attract global talent, entrepreneurs, and investors to contribute to its dynamic economy and thriving society.