What is the Golden Visa UAE
The UAE Golden Visa is a visa scheme implemented in 2019 which has been able to draw the attention of many expatriates who are with a plan of securing permanent residency in the United Arab Emirates.
The UAE Golden Visa Scheme allows foreign nationals to live, conduct business, work or study while enabling enormous benefits that other regular visa systems don’t offer. This golden residency scheme doesn’t require a national sponsor and is issued for up to 10 years. The UAE Golden Visa in other words the UAE long-term residency visa can be renewed and it comes with six months multiple entry visa to proceed with residence issuance.
Here we have covered everything you need to know about the UAE’s Golden Visa System, the requirements, The Golden Visa UAE benefits, the application process for the Golden Visa UAE, and more.
Golden Visa Dubai
One of the world’s most thriving and dynamic economies, Dubai, grants long-term residency visas for foreign expatriates for up to ten years. The Golden Visa Dubai allows holders to live while working, creating, studying, excelling, and investing. The Golden Visa Dubai offers many more benefits for the holders than other regular visa schemes.
Golden Visa Abu Dhabi
Abu Dhabi’s Golden Visa program offers the opportunity for investors and talents around the world such as inventors, scientists, doctors, specialists, individuals with exceptional creative talents, entrepreneurs & businessmen to obtain a long-term residency visa in Abu Dhabi.
Currently, Abu Dhabi has many high-growth areas including healthcare, financial services, research & development, agriculture, and a startup ecosystem. The “Thrive in Abu Dhabi” initiative opens up enormous opportunities for foreigners to grow, achieve and succeed. The long-term Golden Visa in Abu Dhabi is offered for a period of up to 10 years which allows holders to live, work & study, and do business in Abu Dhabi.
What are the Golden Visa UAE Benefits & Advantages?
The UAE Golden Visa comes with a bundle of benefits that other regular UAE Visa schemes don’t offer which has made quite a buzz among people who are looking for UAE long-term residency.
- The Golden Visa UAE provides you long-term stay opportunity for up to 10 years and also it is renewable.
- The UAE’s Golden Visa is a self-sponsored visa which means it doesn’t require any employment sponsor.
- As we mentioned above the applicant gets a multiple entry visa which is valid for six months to proceed with residence issuance.
- The most highlighted UAE Golden Visa benefit is it gives the ability to stay outside the UAE for more than six months without getting your long-term residence visa nullified which is more than usual restrictions.
- The other most attractive Golden Visa UAE benefit is it allows the visa holders to sponsor their family members including spouses and children regardless of their ages.
- Also, it offers the UAE Golden Visa holders’ family members the ability to stay in the UAE until the end of their permit duration in case the primary UAE Golden Visa holder passes away.
- This golden UAE long-term visa scheme enables the holder to sponsor an unlimited number of domestic helpers.
Who are the UAE Golden Visa For?
The UAE Golden Visa provides long-term residence opportunities in the UAE for talented, professionals and highly skilled workers intending to boost the UAE’s investment environment and foster its business success and growth. The beneficiaries of the UAE Golden residence visa scheme are inventors, entrepreneurs, exceptional talents, scientists, professionals, outstanding students & graduates, humanitarian pioneers, and front-line heroes.
Golden Visa UAE for Doctors
Doctors can apply for a UAE Golden Visa with is valid for up to 10 years. They should have a labor contract in the UAE and should possess a Medical license. Doctors who hold Golden Visa UAE can sponsor their family members with a UAE Golden Visa which is valid for up to 10 years.
Golden Visa UAE for Engineers
The UAE Golden Visa is offered for Engineers, Scientists & Researchers in various fields for a period of up to 10 years and is renewable. The considered fields for the Golden Visa UAE for Engineers, Scientists & researchers are Computer Engineering, Software Engineering, Technologies related to Big Data, Electronics Engineering, Electrical Engineering, Artificial Engineering, Fields related to Virology & Epidemiology, Biotechnology Engineering, and Genetic Engineering. Scholars should possess a bachelor’s degree or higher educational qualification to entitle to this opportunity.
Golden Visa UAE for Investors
Now investors can obtain the UAE’s Golden Visa for a period of up to 10 years if their investment is not less than AED 2 million which means there should be an investment fund not less than two million Dirhams or should possess a valid commercial or industrial license of a minimum investment capital value of AED 2 million. Also, an investor is eligible for a UAE’s Golden Visa if they contribute to the government through the federal tax of a minimum value of AED 250,000 annually. With a Golden Visa UAE, an investor can sponsor his/her family members such as spouse and unmarried children for a period of up to 10 years.
Golden Visa UAE for Entrepreneurs
The UAE’s Golden Visa is granted to entrepreneurs for five years. Owners and founders who conduct commercial projects related not only to technical projects but also to many different fields can now apply for this long-term Golden residency visa and it is renewable. The project value should not be less than five hundred thousand(500,000) Dirhams. They may appoint three executive directors with a golden visa but there are terms and conditions. Entrepreneurs holding a golden visa can sponsor their family members such as spouses and unmarried children up to 5 years.
Golden Visa UAE for Property Investors
Property investors may obtain the UAE’s Golden Visa if their investment in real estate property is not less than AED 2 million. This is granted for five years. Real estate investors will be eligible for the UAE’s Golden Visa if they
- Invest real estate properties worth not less than AED two million or
- Invest in a real estate property with a loan from specific local banks or
- Purchase off-plan properties from approved local real estate companies
The Golden Visa UAE for real estate investors is valid for a maximum period of five years and ten years which is renewable. Owners of property or a group of properties are offered this UAE long-term residency visa opportunity including the ability to sponsor their family members such as spouses and unmarried daughters and sons.
Golden Visa UAE for Exceptional Talents
Exceptional talents in the fields vital to the UAE such as digital technology, sports, arts & culture may obtain the UAE’s Golden Visa. This is offered regardless of their educational qualifications, employment, monthly salary, or their professional level.
Golden Visa UAE for Creative Specialists in Culture and Art
UAE Golden Visa is granted to creative individuals who show exceptional talents and specialties in their fields. The Golden Visa Scheme UAE offers long-term residence for specialists in culture and arts for 10 years as per the recommendation from the Dubai Culture and Arts Authority. The family members of the talents who are specialized in the fields of Culture and Art are eligible to sponsor their family members for the same period with Golden Visa
Golden Visa UAE for Athletes
Athletes who show exceptional talents in the field of sports can apply for the UAE Golden Visa and are offered 10 years of long-term residency opportunity in the UAE for 10 years as per the recommendation of General Authority of Sports in Dubai or the Dubai Sports Council.
Golden Visa UAE for Singers
Singers with outstanding creativity are granted the UAE’s Golden Visa without requiring a national sponsor as per the recommendation from Dubai Culture and Arts Authority. They should be able to confirm their honorary position in a prestigious International authority because of their exceptional creativity. The Golden Visa UAE is granted to singers for ten years and gives the ability to sponsor family members including spouses and children.
Golden Visa UAE for Artists
Artists who have shown an exceptional level of creativity can apply for the UAE’s Golden Visa which is granted for 10 years. Their creations must have received attention from media, critics, or industry professionals and A recommendation from Dubai Culture and Arts Authority should be obtained to apply for this long-term residency visa.
Golden Visa UAE for Scientists
Scientists as well as researchers who have achievements influencing their fields can apply for this golden long-term residency visa. They are offered the Golden Visa UAE based on the recommendation from the Emirates Scientists Council
Golden Visa UAE for Professionals
High-skilled workers & professionals in the fields including education, medicine, information technology, law, sciences & engineering, business & administration, culture & social sciences can obtain the Golden Visa UAE. They should have obtained high educational qualifications and professional experience to be eligible for the UAE’s Golden Visa plus meet the following conditions.
- Should be classified in the first or second occupational level as per the Ministry of Human Resources and Emiratisation’s classification
- Should possess a valid employment contract in the UAE
- Their monthly salary should not be less than AED 30,000
- Should hold a Bachelor’s degree or equivalent
The UAE Golden Visa for Inventors
As per the recommendation of the Ministry of Dubai, Inventors who hold patents can obtain the Golden Visa UAE if their patents add value to the country’s economy and its growth. The Golden Visa UAE is offered for inventors for 10 years with the eligibility to sponsor their family members for the same period.
The UAE Golden Visa for Executive Directors
Executive Directors are granted the Golden Visa UAE for 10 years if their company confirms no obligation of offering a Golden Visa to him/her. Executive Directors, General Managers, Chief Executive Officers, and Chairmen are eligible for the long-term golden residency visa in the UAE if their salaries are not less than 50,000 Dirhams and possess a bachelor’s degree or higher educational qualification. Also, they should have a minimum of five years of experience holding the same position. The Golden Visa UAE for Executive Directors offers the opportunity for the holders to sponsor their family members for a period of up to 10 years.
The Golden Visa UAE for Retired Foreigners
The UAE offers the opportunity for retired foreign expatriates to obtain long-term residence visas with the Golden Visa scheme UAE. Retired foreigners are entitled to the UAE’s Golden Visa for 5 years which is renewable. Retired Foreigners who have a financial deposit not less than 1 million Dirhams or who possess one or more real estate with a value not less than AED 1 million are eligible for this great opportunity. Also, they should have a minimum of 15 years of service period before retirement and should get a minimum annual income of AED 180,000. The Golden Visa UAE for Retired Foreigners gives holders the ability to sponsor their family members with a UAE Golden Visa for 5 years.
The Golden Visa UAE for Students
Students who have a record of high performance in their education in the UAE’s secondary schools and outstanding graduates from UAE’s universities as well as from the best universities globally can apply for the Golden Visa UAE. The criteria for eligibility include
- Academic performance or cumulative average
- The university classification
- The year of graduation
The Golden Visa UAE Humanitarian Pioneers
Eminent members of international and regional humanitarian organizations, hope makers who received recognition awards in humanitarian fields, outstanding volunteers of humanitarian efforts are granted the UAE’s Golden Visa.
How to apply for Golden Visa UAE?
The application process for the UAE’s Golden Visa varies depending on the category applied. Basically, after registering as a UAE Golden Visa applicant, you need to submit the documents requested regarding the category you applied for and after the submitted documents are checked you may pay the fees due for the Golden Visa UAE. Assistance from someone who has thorough knowledge and experience about the UAE Golden Visa application process will increase your chances of getting on the boat.
Golden Visa UAE Eligibility
In a nutshell, foreign talents and investors in key sectors which are vital for the country’s economic growth and success are eligible for the UAE’s Golden Visa. For example, Property Investors, Entrepreneurs, Scientists, Doctors, Engineers, Creative Specialists in Science & Culture, Executive Directors, Inventors, Humanitarian Pioneers, and Outstanding Students are eligible for the UAE Golden Visa if they meet the expected specialty levels. You may need to obtain a recommendation from relevant authorities as proof.
Golden Visa UAE Price
The price and the cost to obtain UAE’s Golden Visa vary depending on the category applied. There may be additional costs for obtaining recommendation letters, opening bank accounts, business set-ups, Insurance..etc.
Golden Visa UAE Validity Period
The UAE’s Golden Visa is granted for 5 years and 10 years depending on the category applied.
How to Get the Golden Visa UAE, the Easier & Hassle-Free Way
Applying for the UAE Golden Visa scheme can be a nerve-racking task for an individual but here we, the Emirates Business Setup team are always ready to walk you through this journey successfully. We provide all the services you need to obtain your UAE Golden Visa under one roof. Our well-experienced team can assist you in obtaining the relevant approval letters and will ensure acceptance of your Golden Visa UAE application. UAE trademark registration, product registration in the UAE, assistance with government approvals, UAE business formation & set-up, providing office premises, auditing services including tax & VAT accounting, and handling company documentation such as licensing & renewals are some of our services to name but a few.