The UAE Golden Visa offers long-term residency to people who are highly talented and have a high net worth. They must belong to specified groups; investors, entrepreneurs, researchers, medical professionals, educators, and bright students. The UAE Government launched the golden visa with the purpose to retain talented people in the country. By eliminating the restriction of needing sponsor, individuals who meet the eligibility criteria can now apply easily.The government is committed to providing some extra benefits to the UAE Golden Visa holders willing to permanently reside in UAE.
Golden visa is designed to enable foreigners to live, work and study in the UAE without the need for a national sponsor and with 100 per cent ownership of their business on the UAE’s mainland. These visas are issued for 10 years and as long as the recipient continues to meet the conditions of the visa, they can renew for a further decade when it is due to expire
The new Entry and Residence scheme different types of entry visas with simplified requirements and more benefits.The new system of entry and residence aims at attracting and retaining global talents and skilled workers from all over the world, boosting the competitive and flexibility of the job market and fostering a high sense of stability among UAE residents and families.
According to amendments to the Golden Residence Scheme, here are the beneficiaries of the long-term 10 year residence permit . The category you are eligible for, the requirement criteria is different for each. Therefore, if an individual wants to apply for a Golden Residence they must fulfil the following requirements.
Who qualifies for Golden Visa UAE & What are the Requirements for getting Golden Visa UAE?
The categories covered under the Golden Residence permit have been expanded. According to amendments to the Golden Residence Scheme, following categories are granted Golden Residence visa for 10 years in order to attract talents and highly skilled workers and professionals and boost the investment environment and foster business success and growth.
- Investors–
- Public investment
- Real estate investment
- Real estate investors can obtain Golden Residence when purchasing a property that worth no less than AED 2 million.
- Investors are also entitled to obtain the Golden Visa when purchasing a property with a loan from specific local banks.
- Investors can also obtain Golden Visa when buying one or more off-plan properties of no less than Dh2 million from approved local real estate companies.
- Entrepreneurs–
- Owner of a registered successful startup,
- approved idea of a startup,
- Previous founder of a successful startup that was sold inside or outside the UAE.
- An entrepreneurs should own or be a partner in a startup registered in the country in small and medium enterprise category and generates annual revenues of not less than AED 1 million.
- Exceptional Talents–
- Culture & Art
- Inventors & Innovators
- Sports
- Digital technology
- Other Vital Fields.
- It requires the recommendation or approval of a federal or local government entity.
- It is awarded based on talent only regardless of the educational qualification employment status, monthly salary or professional level.
- Scientist and Professionals–
- Scientist
- Chief Executive and Senior Professionals
- Science Professionals
- Engineering Professionals
- Health Professionals
- Education Professionals
- Business and Administrative Professionals
- Information Technology Professionals,
- Legal, Social and Cultural Professionals.
- Scientist: The candidate should be a PhD or master’s degree in the disciplines of engineering, technology, life sciences and natural sciences form the best universities in the world, as well as substantial research achievements. They must be recommended by the Emirates Scientists Council.
- Professionals: The applicants should have a valid employment contracts in the UAE and should be classified in the first or second occupational level as per the Ministry of Human Resources and Emiratisation classification, which is aligned with the International Standard of Classification of Occupations ISCO by the International Labour Organisation. The minimum educational level must be a bachelor’s degree or equivalent and the monthly salary should not be less than AED 30000.
- Outstanding students and graduates–
- Best performing students in secondary schools
- Best graduates from UAE Universities
- Graduates of the best 100 universities worldwide.
- Humanitarian Pioneers–
- Distinguished members of international and regional organisations,
- Outstanding members of associations of public benefit,
- Recipients of recognitions awards in humanitarian fields, Distinguished volunteers and sponsors of humanitarian efforts.
- Frontline Heroes–
- Frontline workers with extraordinary efforts in crisis like Covid- 19 Pandemic
What are the benefits of UAE golden visa?
- 10 years renewable residence
- No sponsor or employer required
- 100% ownership of businesses in the UAE’s mainland
- Duration of stay outside the UAE does not nullify the Golden residence
- Residence for family members including spouse and children with no age limit
- No maximum number of support service laborers
- In the event of death of the original holder of the Golden Residence, family members can stay in the UAE till the end of their residence permit
- Entry visa valid for 6 months with multiple entries to proceed with the residence issuance
How much does UAE Golden visa cost?
The cost of the UAE Golden Visa is completely depends on the type of service ,visa category and the validity of the visa. However the approximate cost would be AED 3,000/- in addition to the Emirates ID and Medical Test required for processing of Visa.
What are the documents required for UAE Golden Visa?
When applying for a UAE long-term residence visa, you must have several documents which support your purpose of application.
When you apply for the entry permit, you need documents such as:
- Copy of your passport
- Passport-size pictures
- Bank Statement for the past 6 months
- Any additional documents related to your purpose:
- Company Trade License Copy
- Copy of Partnership Contract (if applicable)
- ID of other partners (if applicable)
- A copy of the Memorandum of Association (for LLC)
- Proof of accreditation by the relevant UAE authority (for specialized talents)
- Proof of patent (for investors)
When applying for the long-term residence visa once you’re in the UAE, you need the following documents:
- Your entry permit
- Medical test
- Passport
- Pictures
- Immigration Establishment Card
- Any documents related to your purpose of travel
You are also allowed to bring your family members (spouse and children) under your sponsorship. If you have an investor visa you also can also sponsor one executive director and one advisor if required.
How to apply for a UAE Golden Visa?
To obtain the UAE Golden Visa you must follow a straightforward process. The process is very easy, but you have to make sure to have your documents ready since you have to submit them too. In addition, even if you meet the eligibility criteria, you must comply with the requirements.
The process is quite straightforward with candidates required to submit the necessary documents and be willing to relocate to the UAE in accordance with their business venture.
- Applicants need to register their interest on the UAE’s Federal Authority for Identity and Citizenship
(ICA) website. - Apply for a nomination: If you are from one of the eligible categories, but have not yet been nominated, then you should apply via the box labelled “Visa – Golden Visa – Nomination Request For Golden Residence – New Request”. There is an online form which requests your personal details, plus the category under which you believe you can be nominated. The UAE Authorities have 30 days to review your application
- Once your nomination has been approved, you will receive an emailed link to upload the required documents for the visa.
- If your nomination gets approved, you’ll receive a link by email where you have to upload the documents
- Within weeks of uploading your documents, your application will be verified by the Federal Authority for Identity and Citizenship, and you will receive your Golden visa.
If you are currently residing within the UAE, you will be given a temporary one-month visa, and will be required to convert your temporary visa into the residency permit during this period.
If you currently reside outside of the UAE, you will be given a six-month visa to enter the country, explore its opportunities, and settle.
You can now submit the Golden Visa application through the offices of Amer. Amer is a semi-government typing center that helps applying for UAE residency visas and other governmental services.
- Choose the category you want to apply for
- Prepare set of documents required by government ( https://amer247.com/now-apply-for-golden-visa-in-the-uae-through-amer247/)
- Submit the application through Amer office
- Pay the fees
- Wait for the approval (from 72 hours to 30 days)
- Cancel your current resident visa
- Submit application for golden visa
- Get your UAE golden visa in your passport
For further clarifications related to this matter, you may contact the ICP and the General Directorate of Residency and Foreigners Affairs.
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