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2023 UAE Golden Visa: Eligibility for Residency Visa

2023 UAE Golden Visa Eligibility for Residency Visa

Since its inception, the UAE Golden Visa system has garnered significant attention among expatriates seeking permanent residency in the United Arab Emirates.

With broader eligibility categories, the Golden Visa is poised to solidify the UAE’s status as a global hub for business and investment. Discover everything you need to know about the Golden Visa UAE, including current requirements, advantages, the application process, and more.

What is Golden Visa UAE?

The Golden Visa is a long-term residency visa program that grants foreign talents the opportunity to reside, work, or study in the UAE for a duration of up to 10 years.

This scheme, known as the golden residency program, is open for renewal and caters to specific categories of individuals, ranging from investors to those possessing exceptional talents.

The primary aim of the Golden Visa program is to entice foreign investments and expertise to the UAE. It presents several advantages to its holders, such as the freedom to live and work within the country, access to high-quality education and healthcare services.

The ability to sponsor family members for their own residence visas. The Golden Visa has a 10-year validity, and it can be extended upon expiration.

Latest Golden Visa

As officially stated by the Federal Authority for Identity, Citizenship, Customs, and Port Security, graduates from recognized universities outside of the UAE now have the opportunity to obtain a renewable Golden Visa that allows them to live in the UAE for a period of 10 years. This visa eliminates the requirement for a sponsor or host and is intended to facilitate activities such as working, investing, establishing a business, or settling in the country.

Nevertheless, there are specific terms and conditions established by the authorities, including a fee of AED 350, as per the guidelines of the Federal Authority for Identity and Citizenship, Customs, and Port Security (ICP). These conditions must be met to be eligible for the Golden Visa.

To be eligible for the Golden Visa, applicants are required to meet the following criteria:

  1. Possess a passport with a minimum validity of 6 months (without the need for it to be inside the UAE).
  2. Have graduated from a university ranked among the top 100 in the world, according to the international classification approved by the Ministry of Education.
  3. Maintain a cumulative grade average of at least 3.5 for bachelor’s degree graduates.
  4. Graduated no more than 2 years prior to the application, and the certificate must be approved by the Ministry of Education.

According to the ICP, there are four available channels for submitting applications 24/7. These channels include:

  1. The UAECIP website or the smart application, where applicants can access the smart services system using either their UAE digital identity or a username. They can then input their information, attach the required documents, make the necessary service fee payments, and have their application reviewed.
  2. Applicants will receive a confirmation email within 48 hours.
  3. Additionally, applicants can visit the ICP’s Customer Happiness Centers to submit their applications once they have fulfilled all the conditions and provided all the necessary documents.
  4. Another option is to apply at typing offices that have been accredited by the ICP.

These multiple channels provide flexibility and accessibility for individuals interested in the Golden Visa program.

If an application is rejected due to data deficiencies or missing required documents, it is electronically declined after a 30-day period. Additionally, if the application is returned three times for these reasons, it will be outright rejected.

In such cases, any issuance fees and financial guarantees (if applicable) will be refunded via credit card within a maximum of 6 months from the application submission date. Alternatively, they can be recovered through other procedures, such as by check or bank transfer, within a period not exceeding five years.

Furthermore, with regard to the necessary documentation and associated fees, the ICP has provided clear guidelines. Applicants are required to submit a copy of their passport and a colored personal photograph.

The total visa issuance fee amounts to AED 350, which breaks down as follows: AED 100 for application fees, AED 100 for issuance fees, AED 100 for smart services, and AED 50 for the ICP and electronic services.

The Golden Visa program in the UAE offers several benefits and advantages to eligible individuals, including:

  1. Long-Term Residency: Holders of the Golden Visa are granted long-term residency in the UAE, typically for a duration of 10 years, with the possibility of renewal.
  2. No Need for a Local Sponsor: Unlike many other types of visas, the Golden Visa does not require a local sponsor or employer, providing greater flexibility and independence to the visa holder.
  3. Work Privileges: Golden Visa holders are allowed to work in the UAE, enabling them to pursue employment opportunities or establish their own businesses.
  4. Investment Opportunities: The program is particularly attractive to investors. It encourages foreign investment in the UAE, which can include investing in real estate, businesses, or other sectors of the economy.
  5. Access to High-Quality Education: Visa holders and their dependents have access to top-tier educational institutions in the UAE, ensuring quality education for their children.
  6. Healthcare Services: Golden Visa holders can access high-quality healthcare services in the UAE, including both public and private healthcare facilities.
  7. Family Sponsorship: Visa holders have the ability to sponsor their family members for UAE residence visas, allowing them to live together as a family in the UAE.
  8. Safe and Secure Environment: The UAE is known for its safety and security, providing a stable environment for residents and their families.
  9. Tax Benefits: The UAE does not levy income tax, making it an attractive destination for individuals seeking to minimize their tax liabilities.
  10. Global Travel: The UAE’s strategic location offers excellent connectivity, making it a convenient hub for international travel.
  11. Diverse Cultural Experience: The UAE is a multicultural country, offering a rich and diverse cultural experience to residents, with a blend of traditional and modern lifestyles.
  12. Real Estate Investment: Golden Visa holders can invest in the UAE’s real estate market, which is known for its growth and potential for investment returns.

It’s important to note that the specific benefits and eligibility criteria for the Golden Visa may vary depending on the category under which an individual applies, such as investors, entrepreneurs, talented individuals, or retirees. Additionally, immigration policies and requirements can change over time, so it’s advisable to consult official sources and legal experts for the most up-to-date information on the Golden Visa program in the UAE.

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