UAE golden visa guide: All you need to know
As part of the “‘Projects of the 50”, the entry and residence system has been upgraded. This has confirmed the UAE’s position as an ideal destination for work, investment, education, and life.
The Government of the United Arab Emirates launched the UAE Long-Term Visa or the UAE Golden Visa. It is primarily for investors willing to invest fund a minimum of AED 10 million inside the country. Based on the applicant’s eligibility, it will issue for 5-10 years.
This visa program targets various groups of people, ranging from high-net-worth investors to doctors. In this blog, we offer a comprehensive guide to help those interested in applying for the UAE Golden Visa.
All About UAE Golden Visa
In 2019, the Vice President and Prime Minister of the United Arab Emirates, Sheikh Mohammed bin Rashid Al Maktoum, introduced a UAE residency system known as the ‘Golden Card’. This Golden Visa gives the applicant residency for 5-10 years, as opposed to the traditional 2-year residency visa.
Business visa, which is part of the Golden Visa program, allows foreigners to enjoy long-stay visas for themselves and their dependents. According to the Federal Office for Identification and Citizenship, dependents may include your parents, spouse, and children.
The Golden Visa design on the pattern of permanent residence. Applicants require to adhere to the requirements of each renewal cycle (every 5 years).
UAE Golden Visa: Types and Eligibility
10-Year Long-Term Residence Visa
You will qualify for the 10-year UAE long-term visa if you meet one of the following criteria:
- Investment a minimum of AED 10 million in the public sector. Investment in sectors other than real estate should not be less than 60 percent of the total investment.
- Partnering in an existing or a new company in the UAE with a share value of at least AED10 million.
- You have a specialized field, such as scientist, inventor, doctor, engineer, computer programmer. Alternatively, you can be a specialist in the field of art and culture
5-Year UAE Long-Term Residence Visa
You will qualify for a 5-year long-term residence visa if you meet one of the following criteria:
- Investment in property within the UAE (known as the Property Visa or UAE Investor Visa)
- An entrepreneur working on an ongoing project with a minimum capital of AED 500,000.
If you are a brilliant student with :
A minimum of 95 percent marks in a public or private secondary school
A minimum GPA of 3.75 in a university within or outside the country
Apply for UAE Golden Visa
First, applicants must register on the UAE’s Federal Authority for Identity and Citizenship (ICA) website. They will find a specific area for golden services.
If you belong to one of the eligible nations but have not yet been nominated, apply through the option titled “Visa – Golden Visa – Nomination for Golden Residence – New Request.”
You will be shown an online form, requiring your personal details along with the category which you believe you are eligible for. The General Directorate of Residency and Foreigners Affairs has arranged a team to manage Golden Visa applications.
The UAE Golden Visa system introduces to offer long-term residency to investors, researchers, medical professionals, and outstanding students. Golden Visa holders are able to invest, live work, and study in the UAE without a national sponsor. Plus, you can enjoy 100 percent ownership of your business. And you can benefit from zero taxation on your personal income, healthcare services, and apply for a UAE driving license.