Gold Visa by Bank Deposit for 2 Years

Foreigners who wish to obtain a long-term residence permit in the United Arab Emirates have increasingly started to apply for a Gold Visa through a bank deposit. Specialists consider this method less labor-intensive than obtaining visas through investment in business or real estate.

Let's understand the mechanism of obtaining a long-term visa through a bank deposit and the benefits it can bring.

UAE Gold Visa 2023

The so-called "golden" visa of the UAE is a long-term visa that gives its holder the right to stay in the country for 5 to 10 years. During this period, its holders can enjoy almost the same benefits that are available to citizens of the country. Highly developed economy, tax benefits, high level of education and health care attract people from all over the world to the Emirates.

This destination is particularly popular with wealthy and talented citizens of Russia, Belarus, Kazakhstan and other post-Soviet states.

What are the benefits of obtaining a UAE Golden Visa through a bank deposit?

The attraction of obtaining a Golden Visa in Dubai by depositing funds into a bank account lies in its simplicity. The depositor does not have to go through many complicated procedures and can always be sure of a clear amount of his profit.

Although the funds will not be available for withdrawal for two years, the other benefits of obtaining a visa completely outweigh this relative disadvantage:

1. A streamlined visa application process.
2. The ability to stay in the country with your family for 10 years and renew your visa when it expires.
3. No need to provide business and financial documentation.
4. Free entry and exit from the territory of the United Arab Emirates without time restrictions.
5. Ability to sponsor spouse, children of any age, and your own employees.
6. In the event of the death of the principal visa holder, his/her family can remain in the UAE until the end of the visa's validity period.
7. Facilitates access to a Schengen visa, allowing you to travel throughout Europe.
8. Ability to open an account with a local bank.
9. The ability to take advantage of any tax benefits offered by the government of the country.
10. Gold Visa holders, their spouses and children can study in local schools and universities.
11. The ability to undertake their own investment projects.
12. The right to receive the highest level of medical services.
13. The opportunity to apply for the Esaad Privilege Card, which offers exclusive bonuses and discounts in the Emirates and nearly a hundred other countries. The card is accepted at service companies, government offices, schools, travel agencies, medical facilities, shops, etc.
14. Possibility to apply for a mortgage at preferential rates.

Who else can get a Golden Visa in Dubai?

Obtaining a Golden Visa in the UAE is not limited to bank deposits. In order to attract investors and exceptional talent to the country, the Emirates government grants long-term residency to the following categories of foreigners:

1. Investors who have established a company in the UAE with a minimum authorized capital of AED 2 million.
2. Investors who have purchased real estate in the Emirates for a similar amount.
3. Entrepreneurs who have registered their company in the UAE and have a minimum turnover of AED 1 million.
4. Entrepreneurs who have a startup idea that has been approved by the local authorities or the UAE Business Incubator.
5. Entrepreneurs who have launched projects that have subsequently been sold for a minimum of AED 7 million.
6. Professionals and highly skilled workers (medical, engineering and scientific, businessmen and others) who have a valid employment contract in the Emirates, the required qualifications, education and income level.
7. Exceptional talents: cultural figures, sports, digital technology, etc.
8. Outstanding students and graduates who meet certain requirements.
9. Scientists and inventors.
10. Humanitarian figures.

UAE Golden Visa by Bank Deposit

To obtain a long-term residency permit through bank deposit, you must meet the following requirements:

1. Deposit AED 2 million in a bank account in the United Arab Emirates.
2. The amount must be invested for a minimum period of two years.
3. The investment must be confirmed by an appropriate document (letter issued by the bank).

Currently, the interest rate on deposits is approximately 5% per annum. It may vary slightly depending on the bank chosen.

How to obtain a UAE Gold Visa?

To become a Gold Visa holder through bank deposit, the applicant must provide the immigration authorities with a letter from an investment fund that is accredited in the United Arab Emirates. There is no need to provide corporate and financial documents.

Contacts

United Arab Emirates, Dubai, Barsha Heights, I-Rise Tower, 29th Floor, Office 5