Currently, many professionals, investors, and businessmen have an interest in the United Arab Emirates. The reason is that these people are always looking for opportunities for development and growth in a dynamic and diverse region. To do this, they need to obtain permanent residence in the country. There are several options but one of the most interesting and recent options is the Golden Visa long-term residence. If that is what you are interested in, you first have to know the golden visa UAE eligibility.
In this article, we will explore what the Golden Visa in UAE consists of. We will start by talking about the golden visa UAE eligibility. In addition, we will show you the process to obtain it and the advantages you can access. If you are interested in knowing more about this long-stay permit, this is your time. Continue reading and discover everything you need to know about the Golden Visa in the UAE.
What is the UAE golden visa?
The Golden visa in the UAE provides a long-term residence permit, granting foreign talents, including investors, entrepreneurs, scientists, exceptional students, humanitarian pioneers, and frontline heroes, the opportunity to live, work, or study in the country.
Types of UAE Golden Visas
A 5 year Green Residence visa
Target audience: Skilled professionals, freelancers, investors, and entrepreneurs.
Additional inclusion: Three executives and their families.
10-year visa
Target audience: Investors and entrepreneurs.
Possible additions:
- Family members
- Domestic support staff
- One executive director
- One advisor
- Business partners contributing AED 2 million (approx. US$544,484)
Who’s Eligible? Golden Visa Requirements
There are basic eligibility criteria for the Golden Visa in UAE. Essentially, applicants have to meet specific qualifying conditions depending on which application category they are in. For instance, if you want to obtain a Golden visa through an investment, there are two key criteria. Which are to have an investment according to the requirements and maintain it for at least two years.
On the other hand, candidates in the talented specialty category may be required to provide a letter of recommendation. This letter must come from the relevant authority. They can also present the necessary academic or experience certificates.
In essence, the Golden Visa UAE eligibility is for the following people:
- 10-year visa investors in public investments.
- Real estate investors.
- Scientists and specialists.
- Outstanding students and graduates.
- Humanitarian workers
- Talented individuals.
- Frontline heroes.
- 5-year visa for entrepreneurs
On the other hand, you have to know UAE golden visa requirements will depend on the category. However, there are some general criteria to be able to apply for the Golden visa. Below, you will see what these general requirements are for this long-stay permit.
Valid health insurance: Applicants must have valid health insurance in the UAE. This must be valid for at least one year and must be renewable.
Physical Fitness Test: Candidates have to pass the physical fitness tests. Thus, they can demonstrate that they are free of contagious and infectious diseases.
You have to know that part of the golden visa UAE eligibility is to allow the main applicant to include some family members. The requirements for these eligible individuals will depend on the category of the application.
Generally, residence permits with the same stay as the Golden visa can be issued to family members.
Applying Made Easy: Golden Visa Process
People who meet the golden visa UAE eligibility can easily apply. To do this, they have to go to the several relevant government authorities. In addition, there are several channels available electronically or in person, it will depend on the applicant.
The service channels for the Golden visa are:
- The website of the Federal Authority for Identity and Citizenship, Customs and Port Security.
- Customer Happiness Centers
- The UAE Identity and Citizenship (UAEICP) telephone application.
- Typing offices with authorization from the Federal Authority for Identity and Citizenship in the UAE.
If you meet the golden visa UAE eligibility you can begin the application process which will depend on the category. The general steps that most applicants have to follow are as follows.
First step: In principle, you have to access a service provider. You can access one of the service channels or visit an authorized center mentioned above.
Second step: Subsequently, you have to complete the application form for the Golden visa or Golden residency. You just have to complete all the fields with the necessary information.
Third step: You have to present all the necessary documents for the Golden visa application. It is important to note that these will vary depending on the category for which you are applying. Additionally, the complexity of the case can affect the documents.
Fourth step: Subsequently, you have to pay the service fees for the Golden Visa.
Fifth step: Finally, you have to submit the complete application and wait for a decision. When you send the request you will receive a tracking number to be able to monitor the request.
Embracing Opportunity: Your UAE Golden Visa
People who are Golden Visa UAE eligible can enjoy multiple unique benefits. You have to know that most of these are not available to other residents. Among the most interesting benefits of the Golden visa are the following:
Beneficiaries can obtain a renewable residence permit for a minimum of five years and a maximum of ten years.
- Work, study, reside, and invest in the UAE without having a sponsor or guarantor.
- Easy and flexible onboarding of family members. Among them are children regardless of age, spouses, parents, and siblings for some categories.
- Issuance of a valid visa of at least six months for multiple entries for applicants who are outside the country, to enter. Thus, they can complete their Golden residency procedures within the country.
- There is no maximum limit on the number of foreign domestic workers you can bring to the UAE.
- Flexible residency requirements allow investors to travel outside the UAE. You have to take into account that the duration is a maximum of six months a year.
- In the event of the death of the main holder of the Golden residency. Dependent family members can remain in the UAE until the expiration of their residencies.
- In the UAE, there is a very favorable tax system, with no income taxes for individuals. In addition, a series of incentives that make it an attractive destination for both companies and residents.
- Applicants can make international trips to different countries that allow residents of the UAE. Especially those who can enter without a visa or with a visa on arrival. For instance, Albania, Egypt, Georgia, Guatemala and Uzbekistan.
- Full use of the “Esaad” card, which provides its holders with access to special discounts in different establishments. For example, healthcare, education, entertainment, travel, hospitality and retail.
Golden Visa Categories
If you want to apply for the UAE golden visa application, you must belong to one of the different eligible categories of specialized and in-demand professions. However, this should not worry you too much, as there are many categories for you to choose from. Therefore, we will present you the main categories and the Dubai golden visa requirements.
Public investments: If you are an investor, you can obtain your Golden residency through a public investment in a company or an investment fund. In this way, we find the following options:
- Deposit up to 2 million Emirates dirhams in an approved investment fund.
- Own a company or a share of a company that is based in the UAE and is valued at least AED 2 million.
- Owner of a company based in the UAE and paying annual taxes exceeding AED 250,000.
Real estate investment: You can obtain your Golden visa if you invest in real estate. This involves owning one or more properties in the country and its total value being AED 2 million or more.
Entrepreneurship: A subcategory of the Golden visa is the UAE entrepreneur visa. This is awarded to partners, founders, owners, and executive directors of leading innovation projects.
Students and Graduates: Awarded to outstanding students and graduates from the UAE and the world.
Scientists and specialists: These include people who stand out in different vital specialties and diverse fields. Among these, you find doctors, scientists, researchers, executive managers, business specialists, and disciplines such as computer, electrical, and communications engineering.
Talents: This is a category that includes people with exceptional talents. In this way, you find inventors, innovators, and creatives in arts, games, sports, and many others.
Royal Visa: Your Golden Visa Partner
The golden visa in the UAE is a long-term residence visa that offers many benefits to its holders. In this way, we find that you will have the possibility of working and living in the UAE. In addition, you will have an exemption from personal income and property taxes and may even sponsor close relatives to obtain their residence visa.
Therefore, if you want to comply with all the golden visa requirements you must have a reliable partner. However, you should not look for just anyone and should be with the best. For this reason, a Royal Visa is the most reliable option if you want to apply for a golden visa in UAE. In this way, you will have advice and guidance from experts in UAE visas.
In addition, Royal Visa can advise you if you wish to invest in the UAE. Thanks to the experience and knowledge of their team, they will be able to help you identify different investment opportunities. This way, do not miss the opportunity to get your golden visa in the UAE and enjoy all its benefits. Therefore, do not hesitate and contact us using the number +971 43 316 688 or at contact@royalvisa.ae.
