Silver Visa UAE: A Step-by-Step Guide

The UAE is a dream destination for go-getters, dreamers, and those who want to achieve big. The nation has achieved a special place in people’s minds when it comes to starting a business, starting a profession, finding jobs, pursuing education, and traveling. UAE offers the perfect conditions for businesses and professionals to flourish and thrive. The government is very supportive and has made the licensing and immigration procedures simple for them. A residency program introduced by the government for foreigners is the Silver Visa UAE. For those looking to enjoy medium-term residency in the nation for various purposes like starting a business, investing, retiring, or offering specialized talents, the Silver Visa is a great option.

The UAE Silver Visa offers a medium-term residency of up to 5 years for those looking to invest either in real estate or business in UAE. The visa also provides the opportunity to sponsor the residency of family members, like a spouse and children. Let’s look into what this visa is all about, who can get it, the legal requirements one must fulfil to obtain it, and why it remains an attraction for investors, etc.

What is Silver Visa in UAE

Those who wish to enter, stay and work in the United Arab Emirates must hold a proper visa. Similarly, for those who want to live and work in UAE for an extended period can choose Silver Visa. Silver Visa UAE is a special residency program implemented by the UAE government that allows the foreign investors, entrepreneurs, retirees and professionals to live up to 5 years in the nation.

Essentially, the purpose of Silver Visa is to attract the foreign nationals who want to make investment here or start a business in UAE. Other than them, it also offers residency to those who want to retire peacefully in the UAE. One of the advantages that this visa offers is that there is no need of local sponsor and you can make and grow your investments independently.

Foreign individuals who want to gain long term residency in UAE but do not have enough financial resources for Golden Visa etc can easily apply for a Silver Visa. Silver Visa would offer them residency period of 5 years in which they can pursue their goals and aspirations.

Benefits of holding Silver Visa UAE

Silver Visa brings many advantages that make it attractive to foreign nationals. Here are the benefits that the Silver Visa offers to its holders:

1. Extended Stay:

The Silver Visa UAE lets you stay for up to 5 years in the UAE, enough time to establish your foundation in this thriving nation. During this time, you can invest, work, and grow your investments here.

2. Service Access:

Silver Visa holders can easily access a wide range of services in the nation, such as healthcare, education, and banking services. Expatriates can enjoy the same services as UAE nationals, ensuring a smooth and comfortable life.

3. Sponsor-Free:

The autonomy that comes with the Silver Visa remains a top attraction for investors. Holders do not require any sponsor or employer and can have 100% control over their affairs.

4. Family Inclusivity:

With a Silver Visa, you can sponsor your family members, such as your spouse and children, for the same 5-year residency period. This means you can enjoy your stay in the UAE with your loved ones.

5. Flexible Mobility:

The visa allows holders to travel freely outside the UAE for up to six months without affecting their residency status in the Emirates.

6. Domestic Staff Visa:

The Silver Visa lets you sponsor an unlimited number of domestic visas. You can bring domestic helpers to the UAE for household or business assistance by getting them maid visa Dubai.

7. Exclusive Perks:

The Silver Visa opens doors to special discounts and offers on various services and products in the UAE, enabling its holders to enjoy a luxurious lifestyle. For example, health insurance packages, the Esaad card privilege, and much more.

UAE Silver Visa: Types and eligibility

Now the question arises, who can apply for the Silver Visa UAE? Are there any specific requirements? Well, let’s have a look. There are different Silver Visa UAE eligibility conditions for different categories applying for the visa. For instance, there will be separate eligibility criteria for individuals, businesses, and professionals. Here are the types of Dubai Silver Visas along with the eligibility criteria for each:

1. Silver Visa for Businesses and Investors:

This is the most popular category, where one can obtain the Silver Visa by investing in real estate or businesses in the UAE or other approved investments. This visa requires a financial investment in the nation. A minimum investment of AED 1 million is needed, and a 5-year Silver Visa will be granted. The same can be renewed if the investment is maintained.

2. Silver Visa for Professionals:

The Silver Visa UAE is also available to those with outstanding talent and professional credentials in fields such as science, culture, arts, and knowledge. This includes specialists, scientists, investors, doctors, and creative individuals. Applicants need to showcase their qualifications and expertise in their respective fields to obtain the visa.

3. Silver Visa for Students:

Young individuals with excellent academic records are also eligible to apply for the Silver Visa. High school students must have a minimum grade of 95%, while university students need a GPA of at least 3.75 to qualify.

4. Silver Visa for Retirees:

Older expatriates who wish to retire and live a peaceful and safe life in the UAE are also offered the Silver Visa. Applicants must be at least 55 years old. Additionally, they must have an investment of at least AED 500,000 in a pension fund account or invest in property worth a minimum of AED 1 million.

General requirements for Silver Visa UAE

No matter the category, there are some basic UAE Silver Visa requirements that individuals must meet to obtain one:

• Age: The applicant must be at least 18 years old (55 for retirees).
• Passport: The applicant must hold a valid passport with a minimum of 6 months of validity.
• Health insurance: They must have comprehensive health insurance coverage.
• Clear criminal record: The applicant must possess a verified clear criminal record in the UAE or their current country of residence over the last 5 years. This is confirmed through a background check during the application process.
• Medical fitness: Additionally, applicants must pass the medical examinations to demonstrate good health, ensuring a safe and comfortable stay in the UAE.

Steps to apply for UAE silver visa

The application procedure for the Silver Visa is straightforward, and the UAE government has made it even easier by offering application services online. Here are the general steps you need to follow to apply for the Dubai Silver Visa:

1. Category determination:

You must determine the type of Silver Visa UAE you will apply for: investor, business, professional, or other.

2. Document preparation:

Once you have determined the type, gather all the essential documents like proof of investment, passport, passport photo, police clearance certificate, and financial statements as proof of financial stability.

3. Application submission:

Next, you must apply for the Silver Visa through the UAE e-channels or through application service centers. You can choose offline or online based on your preference. You must fill the application carefully, attach the required documents, and pay the necessary fees.

4. Approval and visa issuance:

Once your application is reviewed by the immigration authorities, your request for the Silver Visa will be accepted, and it will be issued to you.

Documents needed for obtaining Silver Visa UAE

To apply for the UAE Silver Visa, you must submit the following documents:

• Proof of investment (for investment category applicants).
• Passport-size photograph.
• Valid passport with a minimum of 6 months validity.
• Health insurance coverage.
• Police clearance certificate.
• Financial statements.
• Medical fitness certificate.

There may be slight variations in the list of required documents based on the category you are applying under.

Difference between silver visa and other visas

Let’s understand how the Silver Visa differs from the Golden Visa and Green Visa separately.

Silver Visa vs Golden Visa

The Silver Visa in the UAE grants residency of up to 5 years to individuals interested in investing in real estate, starting a business in Dubai, or those looking to retire peacefully here. On the other hand, the Golden Visa provides residency for up to 10 years and is most suitable for high-net-worth individuals, entrepreneurs, and specialized talents. The Golden Visa offers more benefits, a longer stay period, and a wider range of eligible categories compared to the Silver Visa.

Silver Visa vs Green Visa

The Silver Visa and Green Visa differ in terms of purpose. The Silver Visa may be more suitable for those looking to invest in the UAE, either in real estate or business, and those making financial commitments. Conversely, the Green Visa is designed for skilled professionals, entrepreneurs, and freelancers who can obtain the visa based on their expertise.

Conclusion

The Silver Visa UAE is a great option for those looking to work, invest, retire, and live in the dynamic nation for up to 5 years. While offering flexibility and access to world-class services, it also lets you bring your family members to the UAE to stay with you. Whether you are an investor, retiree, or simply an entrepreneur who wants to establish your dream business setup in Dubai, a Silver Visa can open doors to many opportunities in this thriving nation. We recommend you checking the official government websites for more details. Please note that at this time, Dubiz Business Setup is unable to assist with the Silver Visa. However, we are happy to help with all other visa types, including the Golden Visa, Business Visa, Maid Visa, Freelancer Visa and more.

Looking for a business setup in Dubai? Contact Dubiz Business Setup for assistance:

📞 Call: +971 56 369 5485

💬 WhatsApp: +971563695485

📧 Email: info@dubiz.co

Frequently Asked Questions

1. What is Silver Visa in Dubai?

A Silver Visa is a 5 year residency visa offered by UAE to eligible investors, professionals, entrepreneurs and retirees. It lets them stay, work and invest in the Emirates for up to 5 years, renewable on conditions being met.

2. How long does processing of Silver Visa take?

The processing time of Silver Visa varies depending on the application type. The time may be extended due to additional checks and information requirement.

3. What is the cost of Silver Visa in UAE?

Silver Visa UAE price may vary based on your category and specific requirements. Under investor category you will need to make a minimum investment of AED 1 million to be eligible.

4. What is the difference between Silver Visa and golden visa in Dubai?

A Silver Visa is a medium-term residency visa offering up to 5 years of residency, whereas a Golden Visa is a long-term visa offering 10 years of residency in the UAE. Additionally, the eligibility criteria and categories of individuals who can apply for each may differ.

5. What is the salary requirement for UAE Silver Visa?

Silver Visa UAE salary requirements for professionals typically starts at AED 15,000* per month.