1. Preparation of documents. Immigrant Invest’s lawyers gave Semen a list of documents he would need to submit to apply for a resident visa. Semen collected and handed over the necessary documents. Our lawyers had them translated and certified by a notary.
The UAE does not participate in the Hague Convention, so an apostille is not required for legalising documents. Documents undergo consular legalisation at the Ministry of Foreign Affairs and UAE Consulates. In Ukraine, documents are certified by the Ministry of Justice and the Ministry of Foreign Affairs consular department.
Semen and Ksenia travelled to Dubai to inspect the property they had selected, undergo a medical examination, and apply for a resident visa. They were given a visa upon arrival, as Ukrainian citizens do not need to obtain permission to enter the UAE in advance.
2. Buying real estate. An investor does not need to visit the UAE to buy a property. Immigrant Invest’s real estate specialists offered Semen various properties in Dubai. He chose an apartment located inside an international golf complex.
The apartment cost $160,000, which was not enough to get a resident visa. Under the UAE legislation, the minimum investment for a residence permit is AED750,000 or about $204,000 in the property that has already been constructed. Therefore, Semen decided to buy a second apartment of the same type, which he could rent out.
Our lawyers helped to conclude a sale and purchase contract and register the ownership of the apartment.
When buying a property in the UAE, you must pay a transfer tax and a registration fee: Transfer Fee and Registration Fee.
In Dubai, the property transfer tax rate is 4% of the value stated in the sales contract. There is also an administration fee of AED540, approximately $147 when paying the property transfer tax.
$334,188: Semen’s total costs for buying a property in Dubai
$320,000: cost of the property;
$12,800: tax on the transfer of ownership, 4%;
$147: administration fee per apartment;
$547: registration fee per apartment.
3. Medical examination. After buying the property, Semen and Ksenia underwent a medical examination. The investor and all family members over 18 are examined at an accredited clinic in the UAE. They take tests to ensure they are not suffering from dangerous infectious diseases and undergo other medical procedures. After undergoing all the required tests, they are issued certificates confirming they are in good health.
4. Biometric data submission. After the medical examination, Semen and Ksenia went to the Dubai Land Department to submit their biometric data. Lawyers from Immigrant Invest accompanied them. Semen then submitted his application for a UAE residence visa.
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Individual cost calculation for the UAE Golden Visa
The main documents required when applying for a three-year UAE residence visa:
Copies of international passports of all applicants.
Birth certificates of all applicants.
Marriage certificate.
One 3 × 4 cm photograph of each participant.
Certificate of ownership of the real estate.
A letter from a bank and property developer confirming the purchase of real estate and whether it is taken on a mortgage.
Police clearance issued by Dubai Police and addressed to Land department.
Certificate of medical examination in the UAE (Medical Fitness Certificate).
Copy of medical insurance.
A power of attorney for the lawyers at Immigrant Invest.
Usually, the application is processed within 5—7 days. If the government department employees considering the application have additional requests, the applicant is given up to 30 days to respond and provide any additional documents required.
5. Getting a UAE residence visa. Semen and Ksenia received their UAE residence visa in two months. On July 7, 2022, they became residents of the United Arab Emirates.
Semen and Ksenia have got UAE residence visas within two months
Semen contacted Immigrant Invest
Preliminary Due Diligence
Signed agreement with Immigrant Services for their services and assistance for the UAE visa application
Collection and preparation of documentsBuying real estate
Medical examination and biometric data submission
Due Diligence check and processing of residence permit application
Semen and Ksenia obtained their UAE residence permits
The preparation of documents and real estate purchases take place simultaneously and are usually completed within five weeks.