Eligible individuals may soon be able to get a UAE Golden Visa without applying for it, officials at the Federal Authority for Identity Citizenship Customs & Port Security (ICP) said.
The process of granting the 10-year visa could soon be automatic for property owners with a portfolio worth at least Dh2 million.
At the recent UAE Innovates exhibition, an ICP spokesperson said the process will be automatic once the land departments of each emirate are linked to the ICP portal. The initiative is expected to be rolled out this year.
“Residents who have property worth Dh2 million or more in the UAE will not have to apply for a Golden Visa,” the spokesperson said, “The land departments of each emirate will be linked to the ICP portal and when renewing the visa, they will be automatically able to see the value of the property the resident owns. Those who meet the requirements will be automatically issued a Golden Visa, without having to apply for it.”
Earlier this year, the UAE government eased the requirement for property owners, cancelling the minimum down payment of Dh1 million to be eligible for a Golden Visa and allowing owners with properties acquired on mortgage to qualify. Owners of properties worth at least Dh2 million will be able to apply for the visa.
ICA/Expat Media
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