Golden Visa

What is a Golden Visa?

The UAE Golden Visa program is meant for entrepreneurs, real estate investors, and other professionals to work, live and conduct business or study in the UAE without requiring a local sponsor. The 10 year Golden Visa allows foreign business owners and investors to own 100% of their business within the UAE. Both visas can be automatically renewed after the 10 year term.

Below you will find the details and benefits of the UAE Golden Visa program.

10 Year Golden Visa

Eligibility Requirements

An individual may apply for the 10 Year Golden Visa if they make property investments of at least AED 10 million in the UAE, or if they make investments in the UAE that are at least AED 2 million and are in the form of one of the following:

  • Investment funds accredited in the UAE; or
  • A commercial or industrial company license of an investor, where the memorandum of association of this legal entity mentions the paid-up capital of the company is at least AED 2 million; or
  • The investor is the owner of a company in the UAE and pays tax of not less than AED 250,000 annually to the Federal Tax Authority.

The 10-year Golden Visa can be extended to include the holder’s spouse and children, as well as one executive director and one advisor.

How To Apply For UAE Golden Visa?

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FAQ's About Golden Visa Dubai

The Golden Visa is a document that allows foreigners to live in the United Arab Emirates for an extended period. People can apply for whichever visa system is most suitable for them in the UAE. The most frequent is the UAE employment visa, which allows an employee to be sponsored by a company and acquire a two- or three-year resident permit. Then there is the UAE freelancer visa, which grants the holder a one-year residency. However, the most intriguing feature of the UAE golden visa is that it allows you to stay for 5 to 10 years. This is quite appealing to foreigners who want to live in the UAE but do not want to have to renew their visas all the time.

The following are some of the advantages of having a UAE Golden Visa:

  • Long-term residence in the United Arab Emirates (5 or 10 years)
  • They are optimistic about the future of their country.
  • In the United Arab Emirates, you can live, work, and study
  • Businesses in the UAE’s mainland are owned entirely by the UAE
  • There is no need to find a national sponsor

If you want to take advantage of all of the benefits of a golden visa in the UAE, you must first determine whether you are eligible.

The UAE government created the golden visa in order to keep talented people in the country. Individuals who match the qualifying criteria can now apply without the need for a sponsor because the restriction of requiring a sponsor has been removed. Anyone could do it because it is a simple procedure. However, it can be difficult at times, so if you need help, you can always approach Connect Resources and speak with one of their specialists about Emiratisation.

After you have learned about all of the benefits of the UAE Golden Visa, you will want to know if you are eligible to apply. Individuals that are eligible to apply include:

  • Scientists, PhD holders, and data experts
  • Chief executives
  • Medical doctors
  • Outstanding students (their families can apply)
  • University graduates with a 3.8 GPA score or more
  • Investors
  • Real estate investors
  • Entrepreneurs

You can get a golden visa if you fall into one of the former categories. As a result, you should be aware of how to apply for just a golden visa.

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The UAE government made several changes to widen the eligibility for the Golden Visa. This is done so that a diverse collection of international experts can be attracted. They also hope to recruit bright students who wish to pursue employment in the area. Previously, only top investors, businesspersons, rich executives, and scientists were allowed to participate. The UAE authorities, on the other hand, have indicated that the following changes will take full effect in December:

  • UAE-based physicians
  • Engineers: computer science, electricity, electronics, programming and biotechnology

A simple procedure must be followed in order to receive the UAE Golden Visa. It is quite simple, but you must have your paperwork ready because you must also submit them. Furthermore, you must obey the guidelines even if you meet the eligibility requirements.

Here is the steps you must follow to apply:

  • Go to the website
  • Apply for a nomination
  • The UAE Authorities have 30 days to review your application
  • You’ll receive an email with the outcome of your application
  • If your nomination gets approved, you’ll receive a link by email where you have to upload the documents
  • The Federal Authority for Identity and Citizenship will verify the application
  • The Authorities will issue the Golden Visa

Keep in mind that you must be willing to move to a UAE in order to obtain this document. Once you have arrived in the country, you will be able to carry out all of your responsibilities as a resident and begin to benefit from the UAE golden visa. You could get Visa & Government Services through Connect Resources.

Another significant factor to consider while applying for a Golden Visa is the cost of the document. The cost will vary based on the visa’s validity.

The following are the fees for each of them:

  • AED 4850 for a 5-year or 10-year golden visa. In addition, you will need to budget AED150 for application fees and AED 1000 for issuance. It means you will have to pay a total of AED6000
  • The UAE Government determines whether the Golden Visa will be valid for 5 or 10 years
  • You must have a NOC in order to obtain a visa, and you may learn more about the NOC in the UAE

Real estate investors’ requirements are nearly identical to those of common investors. The only difference is how they can apply for a five-year residency and make an AED 5 million investment. This Dubai Visit visa allows holders to sponsor their dependents.

A foreign investor is eligible to qualify for a ten-year golden visa if he or she meets the following criteria:

  • AED 10 million in public funding is required (investment fund or a company)
  • Real estate should not account for at least 60% of overall investment
  • The investment should not be financed with a loan. The investor should have complete ownership of the assets
  • The investor must keep the money for at least three years

Doctors, businesspersons, artists, researchers, and scientists are among those recognized as having specialized talent. Once they obtain accreditation in their particular disciplines, they may be eligible for a 10-year golden visa. They can also sponsor their wives and kids.

  • Doctors: Between July 2021 & September 2022, doctors can apply for a golden visa by filling out an online application. You can also apply if you are a Dubai-licensed professional.
  • Coders: If you are wondering how to register for a golden visa in the United Arab Emirates for programmers, coders of all ages and countries can do so. They can do so through the UAE Government’s Office of Artificial Intelligence.

When it comes to great pupils or educational specialists, they must meet one of the following conditions:

  • Come from one of the world’s top 500 universities
  • In your field of competence, you may be given an award or a certificate of recognition
  • Students in high school with a minimum grade of 95% and university students with outstanding grades (3.8 GPA or higher)

When it refers to specialists, including such scientists, they must demonstrate that they have contributed significantly to their field of study. A 10-year resident visa is available for scientists. Individuals who are creative can also apply for a 10-year residency visa, but the Ministry of Culture & Youth must first accredit them.