Golden Visa - Long Term Residence Visas in UAE

Oct 09, 2021 Golden Visa

Thousands of UAE residents have already received their prestigious long-term residency visas. The introduction of the long-term 10-year visa provides stability and allows expatriates to live, work, conduct business and study in the UAE without requiring a local sponsor.

What is a Golden Visa?
In 2019, the UAE introduced a new system for long-term residence visas called Golden Visa's. The new visa classification enables foreigners to live, work and study in the UAE without the need of a national sponsor and with 100 per cent ownership of their business on the UAE's mainland. These visas will be issued for 5 or 10 years and will be renewed automatically.

What does the Golden Visa offer?
The Golden Visa system essentially offers long-term residency (5 and 10 years) to people belonging to the following groups: investors, entrepreneurs, individuals with outstanding talents the likes of researchers, medical professionals and those within the scientific and knowledge fields, and remarkable students. The main benefit of the visa will be security as through the issuance of the Golden Visa, the UAE government has made it clear that they are committed to providing expatriates, investors and essentially everyone looking to make the UAE their home an extra reason to feel secure about their future. .

Who is eligible to apply?
10-YEAR VISA ELIGIBILITY
Investors:

  • A deposit of at least AED (United Arab Emirates Dirham) 10 million worth of public investment, either in the form of an investment fund or a company.
  • 60% of the total investment must not be in the form of real estate.
  • The invested amount must not be loaned, or in the case of assets, investors must assume full ownership.
  • The investor must be able to retain the investment for a minimum of three years.
  • This 10-year long visa may be extended to include business partners, providing that each partner contributes AED 10 million. The long-term visa can also include the holder's spouse and children and one executive director and one advisor. This visa may also be renewed.

Individuals with specialized talents
The category includes doctors, researchers, scientists, investors and artists. These individuals may be granted a 10-year visa following accreditations granted by their respective departments and fields. The visa also extends to their spouses and children.

5-YEAR VISA ELIGIBILITY

  • The investor must invest in a property of a gross value of not less than AED 5 million.
  • The amount invested in real estate must not be on a loan basis.
  • The property must be retained for at least three years.

Entrepreneurs
This category includes those having an existing project with a minimum capital of AED 500,000, or those who have the approval of an accredited business incubator in the country. The entrepreneur is allowed a multi-entry visa for six months, renewable for another six months. The long-term visa includes the spouse and children, a partner and three executives.

Specialists and Students

  • The Applicant can be an educator from any one of the top 500 international universities, approved by the ministry of education.
  • The Applicant with an award or appreciation certificate in their respective area of expertise can also apply.
  • Scientists who have made significant contributions to an area of study are also eligible to apply.
  • If the applicant has 20 years of practical experience in their field of medical expertise, he/she qualifies to apply.
  • High school students with top ranks in the country with a minimum of 95 percent and university students with outstanding academic performance plus remarkable grades on graduating (GPA 3.75 or higher) are eligible to apply for Golden Visa.

Chief Executive Officers

  • The Applicant must have a bachelor's degree.
  • Experience of at least five years and above is a must.
  • Should be earning a salary of AED 30,000/- or more in the UAE under a valid job contract.
  • The applicant must have health insurance which includes family members.

Coders
Under the initiative of HH Sheikh Mohammed bin Rashid, the Vice President and Prime Minister of UAE and the ruler of Dubai, a new criterion has been introduced in the Golden Visa program. This program is intended for computer programmers and coders with exemplary excellence in Artificial Intelligence and digital technologies.

How to Apply for a UAE Golden Visa?
Step 1. Start by applying for a nomination. Your application will be reviewed by an authorized government official within 30 days before receiving an email notification.
Step 2. Once your nomination is approved, you will be emailed a link through which you will have to upload the required documents for the visa.
Step 3. Your application will be verified by the Federal Authority for Identity and Citizenship. Eventually you will be issued the Golden visa.
For more details call or WhatsApp me @ +971 50 670 4364

Golden Visa