Obtaining a visa through a deposit in Dubai, UAE

Obtaining a visa through a deposit in Dubai, UAE - Makebiz

Some of the major banks in the United Arab Emirates, including Ajman Bank, ADCB, FAB, are actively popularising a new banking offer — a 10-year golden visa for a deposit. The most usual way to obtain it is to buy a property, but thanks to the new programme it is not necessary at all. 

You can now get long-term residency in Dubai for transferring an amount of AED 2 million or more into a bank account. Among other things, this guarantees you interest on your deposit. An important condition is that the money must remain in the account for at least 3 years. At the end of this period, the money can be withdrawn without fear that the visa will be cancelled.

Keep in mind that money is only accepted in dirhams. You can find out the actual interest on the deposit from the bank’s employees at the time of registration. 

Documents required: 

  • completed and signed Wakala deposit form and deposit agreement;
  • original and copy of ID card;
  • original and a copy of passport (for foreign citizens visa status confirmation is required).

Opportunities to live, work and do business comfortably in the Emirates are growing every year. Making a deposit of AED 2 million or more is one of the popular grounds for legalisation in the UAE in the long term. Book a free consultation with the experts at Makebiz and find out more about how to get a visa in Dubai.

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