UAE Golden Visa is the most sought document in the UAE and about 150,000 UAE golden visas were issued since its launch and it continues to be in demand.

What is UAE Golden Visa?

A long-term resident visa known as the UAE Golden Visa enables qualified people to dwell and work in the UAE for an extended period of time from 5 to 10 years.

We’ll go over the requirements, advantages, and who can apply for the UAE Golden Visa in this article.

UAE Golden Visa Criteria: Who Can Apply For it?

The requirements for a UAE Golden Visa are as follows:

1. Investors: A minimum of 2 million AED investment is required in UAE Real Estate. The investment can be either in the off-plan or ready-to-move-in properties.

   

2. Entrepreneurs: A minimum AED 500,000 investment in a UAE-based business.The applicant must be an entrepreneur, partner, or small and medium enterprise (SME) registered in the UAE. The business must bring in at least Dhs1 million in annual revenue.The entrepreneur must have established a business that was sold for more than Dh7 million.

   The applicant has received approval from a recognized business incubator for a start-up.

3. Specialized Talents: Those having outstanding abilities and knowledge such as inventors, innovators, and talents in specialized domains, such as science, medicine, research, and the arts, among others.
4. Researchers and Scientists: Individuals with a Doctorate from one of the top 500 universities worldwide are considered. Potential candidates for the UAE golden visa in this category must have a Ph.D. or a Master’s degree in engineering, technology, the biological sciences, or the natural sciences from one of the top universities in the world, as well as significant research accomplishments.
5. Outstanding Students: Students with a minimum grade of 95% in public and private secondary schools, as well as universities in the UAE and abroad. This also extends to high achievers graduating from the best 100 universities worldwide.There are several stipulations including; academic performance/cumulative grade average, year of graduation, and university classification.
   

   

6. Humanitarian Pioneers: Pioneers in humanitarian work may apply for a UAE golden visa. Pioneers in humanitarian work are recognized as notable members of national or worldwide nonprofit organizations or organizations that serve the public interest. Recipients of awards in the humanitarian and charitable sectors and recognized volunteers who help with the humanitarian, crisis, and charitable efforts are also eligible.
7. UAE Working Professionals: Professionals and highly qualified individuals with at least a bachelor’s degree and work experience are also eligible to apply for the golden visa. The application is subject to having an employment contract in the UAE, and classification in the first or second occupational level as per the Ministry of Human Resources and Emiratisation. The applicant must also hold a minimum of a Bachelor’s Degree and their salary must be Dhs30,000 (per month) or above.

Still not sure whether you are eligible? Check your eligibility in the online tool to help users understand if they are eligible to receive a Golden Visa.

How do I Apply?

If you fall under any of the categories then you are definitely on your way toward obtaining your Golden Visa. Apply for a UAE Golden Visa here through ICP Smartservices.

Benefits of UAE Golden Visa:

The UAE Golden Visa comes with several benefits, that aren’t applicable to normal residency visa holders. The benefits are as follows:

1. Validity: The UAE Golden Visa is valid for 5 or 10 years, depending on the category while a standard residency visa might require renewal after 2 or 3 years.
2. Sponsorship: Holders of the Golden Visa can sponsor their families, including spouses and children, as well as domestic workers.If the primary holder of the UAE Golden Visa passes away while the ten-year visa is still in effect, their family members may live there until the natural expiration of the visa.A limitless number of domestic helpers may be employed and supported by holders of this sort of visa. The number of sponsored employees and employed individuals are unrestricted by the UAE Golden Visa.
3. No Local Sponsor needed: It allows the holder to work and live in the UAE without the need for a local sponsor. The holder can work for themselves, or another company (local or otherwise) without the need for individual sponsorship.
4. Travel: Golden Visa holders can come and go from the UAE as they please, without the need for additional visas. And also long stays outside of the UAE are permissible for people with UAE golden visas without affecting their eligibility or the duration of the visa.If you stay outside the country for longer than six months while you are on your ordinary resident visa, your visa will be invalid.
5. Access to Services: It provides access to the UAE’s world-class healthcare, education, and other social services. It was revealed in late July that UAE golden visa holders will be entitled to exclusive health care and insurance plans. The plans will start from as low as AED 2,400 and the plans will cover claims of up to Dhs20,000,000. These health insurance policies are available to any UAE golden visa holders and their dependents who do not currently have a health insurance plan, and they are subject to annual renewal.
6. Business and Property Ownership: Golden Visa holders can own property and businesses in the UAE without the need for a local sponsor. Contact us to start owning your dream property in the UAE.

In conclusion, the UAE Golden Visa is an excellent option for individuals who wish to consider UAE as their home and live here for a long time and work in the UAE for an extended period.

By meeting the specific criteria, applicants can benefit from the numerous advantages that come with the visa, including long-term residency, the ability to own property and businesses, and potential citizenship.