UAE Golden Visa – Key Information, benefits, eligibility
Key Information : Eligibility
Dubai, United Arab Emirates is a dream city for many across the world. It is a land of opportunity for many. UAE Golden Visa is something new which the government of UAE has come up with to support the best talents across the world to get a long term visa. It should be noted that the UAE Cabinet Resolution No. 56 of 2018 allows a foreign national to obtain long-term residency (Golden Visa) in the UAE.
Any foreign individual is eligible to apply for a 10-year UAE Golden Visa without a sponsor if his or her investments in the UAE are at least Dh2 million. These investments may be in the form of investment funds in the UAE; or a commercial or industrial license of an investor; or the investor is the owner of a company in the UAE and pays tax of not less than Dh250,000 annually to the Federal Tax Authority. Under these categories, the investor may also include his or her spouse and dependents while applying for the Golden Visa.
Any foreign individual who owns properties worth Dh2 million or more in United Arab Emirates is eligible to apply for a five-year Golden Visa.
Foreign Individuals who do not fall under either the investors or businessmen eligibility criteria may apply for the Golden Visa if they are a retired foreigner who are at least 55 years old and have Dh1 million investment or an income of Dh15,000 per month.
Like above mentioned, there are few more categories where the foreign nationals can apply for the Golden Visa which includes, but not limited to – Students, Talented Individuals, Researchers in the field of Science & Technology etc.
BENEFITS of UAE Dubai Golden Visa:
10 years of renewable residence visa (Golden Visa)
No local sponsor or employer required.
The limitation period to stay outside the UAE does not apply for the Golden visa holders
Residence visa is granted to family members of Golden visa holders, including spouse and children with no age limit.
There is no maximum limit to apply for domestic workers’ visas/work permits
In an unfortunate event of death of the original holder of the golden visa, the family members may stay in the UAE till the end of their residence permit.
For more details and clarifications related to this matter, you may contact the General Directorate of Residency and Foreigners Affairs.
Who can apply for UAE Golden Visa?
There are a few categories of non-residents / foreign nationals who can apply for Dubai Golden Visa UAE, these includes:
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entrepreneurs,
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Investors,
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chief executives,
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meritorious students
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Scientists
Over the years, government of United Arab Emirates, have been working hard and bringing innovative ideas and solutions for the talented foreign individuals to migrate and add to the growth of UAE Economy.
UAE Golden Visa or popularly called as Dubai Golden Visa (by few online) is one such great opportunity for the foreign nationals to reach UAE / Dubai easily reaping its benefits. Of late there has been a lot of inflow of foreign nationals through the investments in Dubai real estate properties. You could buy a property in UAE worth at least Dh2 million at one go or pay 25% if you plan to take it on mortgage and start the processing of the Golden Visa or Dubai Golden Visa.
Other preferred way is to business expansions or new company formation in Dubai or UAE. The Business setup process and regulations in Dubai are eased so that more and more companies, investors come and start their business operations which will directly help in growth of UAE economy. With the kind of infrastructure in UAE especially Dubai, there is a huge inflow of companies starting up in Dubai / UAE. There are quite a few professional business setup consultants in Dubai whom you could reach out to for support. We have been into this business for last 25+ years and would be happy to help you.
This visa is one of the most preferred gateway to United Arab Emirates.
