Obtaining a visa and opening an account in the UAE
There are several types of visas in the UAE, including tourist, work, student and investment visas. In order to obtain a visa, you need to familiarize yourself with the requirements for each type of visa on the official website of the UAE Embassy or contact professionals.
NIKA ESTATE helps its clients with visa processing and opening a bank account.
Golden visa
Advantages
- The extended validity period of the visa is 10 years
- The holder of the golden visa is exempt from the requirement to visit the UAE every six months in order for the visa to be active
- The holder of a golden visa can apply for visas for their partner, parents, children and household staff under their sponsorship
- Government agencies and private companies provide discounts on certain categories of services to holders of golden visas (medical services and insurance, registration of a driver's license).
Who can get a golden visa?
- Owners of real estate worth more than 2 million dirhams
- Qualified employees with a diploma and a salary of more than 30 000 dirhams
- Investors with a fixed bank deposit of more than 2 million dirhams for a period of 2 years
- CEOs or managers of large companies
- Scientists, researchers, doctors of sciences and prominent figures of culture and sports, as well as doctors and engineers
- Students and graduates of UAE universities with an average score of 3.8 or higher
Golden visas
for property owners:
Off-Plan (Shared-equity construction)
10-year golden visa
Requirements:
- The construction level should reach 40%. It is possible to obtain a permit for a lower percentage, but this requires approval from the DLD management and entails additional costs.
- The total value of the property must exceed 2 million dirhams
- A minimum of 1 million dirhams must be paid
- The title deed must be issued to an individual (not a company)
- The spouse may also be indicated in the certificate of ownership, provided that there is a legalized marriage certificate. In this case, the main applicant will sponsor the spouse.
Required documents:
- Pre Title-Deed/ Oqood/ Initial sale contract (total value over 2 million)
- Statement of Account and payment receipts
- A copy of your passport, visa and emirates ID (if available)
- A copy of the medical insurance
- A photo for documents
BOOK AN APPOINTMENT
* Title Deed — a certificate certifying the ownership of the purchased property.
The property is fully commissioned and paid for 100%
10-year golden visa
Requirements:
- The total value of the property must exceed 2 million dirhams
- Title deed* must be issued to an individual (not a company)
- The spouse may also be indicated in the certificate of ownership, provided that there is a legalized marriage certificate. In this case, the main applicant will sponsor the spouse.
Required documents:
- Fully paid Title deed
- A copy of your passport, visa and emirates ID (if available)
- A copy of the medical insurance
- A photo for documents
BOOK AN APPOINTMENT
* Title Deed — a certificate certifying the ownership of the purchased property.
The property is fully commissioned, but is on loan or installment plan from the developer
10-year golden visa
Requirements:
- The total value of the property must exceed 2 million dirhams
- A minimum of 1 million must be paid
- The title deed must be issued to an individual (not a company)
- The spouse may also be indicated in the certificate of ownership, provided that there is a legalized marriage certificate. In this case, the main applicant will sponsor the spouse.
Required documents:
- Loan: NOC from the bank indicating the loan amount and the amount paid
- Installments from the developer: SOA from the developer + Pre-title deed
- A copy of your passport, visa and emirates ID (if available)
- A copy of the medical insurance
- A photo for documents
BOOK AN APPOINTMENT
* Title Deed — a certificate certifying the ownership of the purchased property.
Title Deed co-owned with a third party (except spouse)
10-year golden visa
Requirements and documents:
- Title Deed (with a total value of at least 4 million).
- A minimum of 1 million must be paid for each of the applicants
- A copy of your passport, visa and emirates ID (if available)
- A copy of the medical insurance
- A photo for documents
BOOK AN APPOINTMENT
* Title Deed — a certificate certifying the ownership of the purchased property.
To find out which type of visa is right for you, sign up for a free consultation with our broker!
Opening a bank account in the UAE
To open a bank account in the UAE, you need to contact one of the local banks, such as WIO or ENBD.
Foreigners with a resident visa, an analogue of a residence permit, can open any type of account. To do this, it is enough to fill out an application form through the app or on the bank's website.
Non-residents of the UAE will need to be personally present at the bank's branch, provide additional documents and confirm compliance with the strict requirements of anti-money laundering legislation.
Current business accounts can be opened for both local and foreign companies registered in the country.
Get a free consultation with our specialist to find out basic information about the procedure for obtaining a visa and opening an account in the UAE.
The consultation does not oblige you to do anything
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