8 steps to obtain the “golden residence” for real estate owners

The Federal Authority for Identity, Nationality, Customs and Ports Security has set eight steps in the gold residence package that it has allocated to investors in the field of real estate.

The duration of the accommodation granted to them is 10 years without guarantor.

The package journey begins to run, through the completion of the medical examination, obtaining health insurance for two years, and ending with gold residence and identity card.

The commission stated that gold residence is granted to everyone who owns a real estate or real estate group in the country after fulfilling the requirements and requirements of this category, specifying its criteria, which are: If the investor owns a real estate or real estate group, then he may obtain a golden residence visa for 10 years, renewable at the same conditions, and without the need for a guarantor, after fulfilling one of the following requirements:

The investor must have one or more real estate with a total value of no less than two million dirhams, and that the property be fully owned by the investor, and it may be a loan provided that the loan is from one of the local banks determined by the competent local authority.

And that the investor be done in a real estate, when purchasing one or more real estate units on the map with a total value of not less than two million dirhams, the purchase process from local companies approved by the competent local authority.

The authority indicated through its website the steps of the package, which first begins to verify the eligibility, where through this service it is possible to provide the required information to obtain the filter of the golden visa, and the second step is to start the trip, through which it is able to obtain a long -term residence up to 10 years for individuals without guarantor, with one step, as the authority will send notifications related to the investor trip to track the status of his request and the latest developments and procedures required from Before him at every stage of the trip.

The third step is to obtain the visa, as the authority informs the investor as soon as he agreed to his visa to continue his journey procedures automatically. The fourth is a conditional step. In the event that the customer has an effective residence in the country, it will have – after obtaining the initial approval of the visa (the previous step) – the cancellation of his current residence to continue his golden residence journey.

The fifth step includes amending the situation, as the Federal Authority for Identity, Nationality, Customs and Ports Security will automatically change the situation on his behalf, unless he has fines arising from the previous visa file/residence.

In the event that there are fines arising from the customer, the authority sends a link to pay the fines to him, and to continue the procedures for amending the situation, as the sealed visa will be shared to complete his medical examination test.

The sixth step includes a medical examination and obtaining health insurance.

The commission stated that all individuals from the age of 18 and above must conduct a medical examination to obtain a health fitness certificate. In addition, health insurance must be obtained for two years.

The authority indicated that once the medical examination of the customer in any of the Ministry of Health centers and the issuance of its medical insurance from a guarantee company is completed, it automatically processes the applications of its identity and accommodation card. Otherwise, he will need to download these documents to continue the trip.

The authority stated that the seventh step is conditional, which is to capture the decimal footprint, explaining that in the event that it is required to capture the decimal footprint of the customer, the authority sends a link to reserve an appropriate date for him to capture fingerprints in one of the service centers of the Federal Authority for Identity, Nationality, Customs and Ports Security.

The eighth step includes obtaining the Emirati ID card, as the authority connects the Emirati ID card to the customer to the registered address.