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A Complete Guide to the UAE Golden Visa

A Complete Guide to the UAE Golden Visa

The United Arab Emirates (UAE) is planning to roll out 50 new initiatives that would stimulate industrial development and increase the nation’s competitiveness. Few of these projects involve technological endeavors that aim to draw locals and highly qualified people from abroad. The Government is concentrating on developing new visa categories to address this. The ‘Golden’ visa scheme is one example of this group.

What Is 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 are able to live, work, and study in the United Arab Emirates thanks to the Golden Visa.

With the 2019 revision, Dubai in particular is hoped to draw in more foreign residents. Continue reading to find out more about the UAE Golden Visa’s benefits and eligibility requirements.

Who Is Eligible to Apply for a UAE Golden Visa?

1. Foreign Investor Requirements

  • Individuals having 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, which is valid for 10 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 money invested should be kept by the person for three years and should not be lent.
  • Individuals must be the exclusive owners of all assets. In addition, no more than 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.

2. Conditions for People 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 Mohammed Bin Rashid Medal for Scientific Excellence or Emirates Scientists Council accreditation is required for scientists. 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.
  • Doctors are required to have 20 years of clinical experience in their specialty.
  • These people’s partners and kids will also be granted this visa.

3. Conditions for Investors in Real Estate

Real estate investors have similar criteria to other types of investors. However, they are eligible to apply for a 5-year visa and are required to invest AED 5 million.

4. Student and Specialist Requirements

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

5. Entrepreneurs’ Requirements

People can apply for a UAE golden visa if they have a current project with at least AED 500,000 (US$1,02,09,463) in capital or if they have the approval of an authorized business incubator in the nation.

6. Chief Executives ٌ Requirements

  • Candidates must hold a bachelor’s degree and have at least five years of experience.
  • They need to be employed legally in the UAE and receive a wage of at least 30,000 AED.

7. Family Requirements

Families of applicants are also covered by the UAE Golden Visa. Applicants can learn more about the eligibility conditions for the UAE Golden Visa from the discussion above. Let’s now concentrate on the application process.

How can I apply for a Golden Visa for the UAE?

People can submit applications to the General Directorate of Residency and Foreigners Affairs (GDRFA) or the Federal Authority for Identity and Citizenship—ICA (the eChannel for residency and citizenship).

ICA only accepts online applications. GDRFA, however, supports both online and offline applications. To complete the UAE Golden Visa, follow the steps listed below.

How to Apply Online Through ICA for a UAE Golden Visa?

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