UAE Golden Visa

UAE Golden Visa

The United Arab Emirates introduced a new long-term visa scheme in 2019. The term "Golden visa" refers to this. Foreign nationals can live, work, and study in the United Arab Emirates thanks to the Golden Visa. With the 2019 revision, Dubai particularly hopes to attract more foreign residents. Continue reading to learn more about the UAE Golden Visa benefits and eligibility requirements.

People can submit applications through the General Directorate of Residence and Foreigners Affairs, Federal Authority for Identity and Citizenship, or ICA (the eChannel for residency and citizenship). ICA only accepts online applications. GDRFA, however, supports both online and offline applications. 

Benefits of a Golden Visa

The distinct characteristics and related advantages of the UAE Golden Visa are covered below.

1. Foreign nationals with Golden Visas can reside, study, work, and conduct business in the UAE region.

2. Applicants who obtain a UAE golden visa are eligible for full business ownership.

3. In addition to having a six-month entrance visa, it facilitates multiple entries and the issue of resident permits.

4. Additionally, it enables residents to sponsor their relatives, such as wives and kids of any age.

Eligibility for the Golden Visa

Below is a list of people who can apply for a UAE golden visa under the terms of the UAE Cabinet Resolution:

1. Inventors

2. Entrepreneurs

3. Researchers and experts in several branches of science and knowledge (doctors, researchers, scientists, investors and artists) incredibly gifted students with a great future in science (high school and university students).

The following criteria must be met to receive a UAE Golden Visa.

Foreign Investor Requirements

Those with public investments worth at least AED 10 million (in the form of a corporation or an investment fund) are eligible to apply for this visa, valid for ten years. The government will grant business partners who each donate AED 10 million a 10-year visa. On the other hand, applicants for a 5-year visa must have at least AED 5 million.

The person should keep the money invested for three years and not lend. Individuals must be the exclusive owners of all assets. In addition, up to 60% of the fund may be used for real estate. The long-term Golden Visa for the UAE contains the holder's spouse, children, one chief executive director and an advisor.

Individuals must be the exclusive owners of all assets. In addition, up to 60% of the fund may be used for real estate. The holder's spouse, children, one chief executive director, and an advisor are all granted long-term UAE golden visas.

Requirements for Individuals With Specialized Talent

Specialized talent holders may apply for a 10-year UAE golden visa. Only after receiving accreditation from their various departments and fields would they be able to apply for the visa. The Ministry of Culture and Knowledge Development must accredit creative people in culture and art.

A teacher from one of the 500 international universities recognized by the ministry of education is a requirement for applicants. Physicians are required to have 20 years of clinical experience in their speciality. These people's partners and kids will also be granted this visa.

Requirements for Real Estate Investors

Real estate investors have similar criteria to other types of investors. Nonetheless, they can apply for a 5-year visa and must invest AED 5 million.

Requirements for Students and Specialists

In private and public secondary schools, exceptional pupils must achieve a 95% average. Additionally, university graduates (both domestically and abroad) must have a distinction GPA of at least 3.75.

Requirements for Entrepreneurs

Individuals with an existing project of at least a capital of AED 500,000 (₹1,02,09,463) or have the approval of an authorized business incubator in the country can apply for UAE golden visa.

Requirements for Chief Executives

Applicants must have a bachelor's degree and an experience of 5 years or above. They must earn a salary of 30,000 AED or more in the UAE under a legitimate job contract.

Requirements for Families

The UAE golden visa also covers the families of the applicants. Applicants can learn about UAE golden visa eligibility requirements from the above discussion. Now, let's focus on the application procedure.

We at Bizex LLC guide you through the process and help you get your Golden visa approved.