UAE Golden Visa - Everything Need To Know
What is the UAE Golden Visa?
UAE Golden Visa was introduced in 2019, and is a long-term, renewable residence permit (validity of up to 10 years). As a holder of this visa, you can travel, study or work in the United Arab Emirates easily enabled by the benefits it offers. The Golden Visa essentially offers long-term residency (5 and 10 years) to people belonging to the following groups: Investors, Entrepreneurs, Individuals with outstanding talents within science, technology, AI, Arts, Literature, Scientists, Innovators, and Remarkable students. The Golden Visa also allows athletes, doctorate degree holders (PhDs), and other segments to apply.
Benefits of the UAE Golden Visa
There are many benefits to obtaining a Golden Visa in the UAE, including the ability to live and work in the UAE without needing to continually renew your visa. Additionally, Golden Visa holders are eligible for a range of benefits, such as access to world-class healthcare and education, as well as the ability to invest in the UAE’s thriving economy.
- An entry visa for six months with multiple entries to proceed with residence issuance
- Long-term, renewable residence visa valid for 5 or 10 years
- The privilege of not needing a sponsor
- Keeping their residence visa valid for longer than six months outside the UAE
- The ability to sponsor their family members, including spouses and children regardless of their ages
- Ability to sponsor an unlimited number of domestic helpers
- Permit for family members to remain in the UAE until their permit expires.
Eligibility Criteria for the UAE Golden Visa
To be eligible for a Golden Visa in the UAE, you must meet certain criteria. First and foremost, you must have a clean criminal record and be of good character. Additionally, you must have a valid passport and be able to prove that you have sufficient funds to support yourself and any dependents while residing in the UAE. Furthermore, you must have a valid reason for wanting to obtain a Golden Visa, such as being a highly skilled professional or an investor.
1. Entrepreneurs
If you are an entrepreneur, you may get a Golden visa for a period of 5 years, if you own an economic project of a technical or future nature based on risk & innovation. In addition, you must have an approval letter from each of the following:
- An auditor in the UAE stating that the project value is not less than 500,000 dirhams
- The authorities in the emirate stating that the project is of a technical or future nature
- An accredited business incubator in the UAE to establish the proposed activity in the country
- Company and personal bank statement
2. Investors on Public Investment
If you invest in an investment fund, you may be granted a Golden Visa for a period of 10 years without a sponsor, subject to the:
- Submission of a letter from an investment fund accredited in the UAE stating that the investor has a deposit of AED two million, submission of a valid commercial license or industry license and a memorandum of the association stating that the investor’s capital is not less than AED two million
- Submission of a letter from the Federal Tax Authority stating that the investor pays the government no less than AED 250,000 annually.
- You must own the invested capital completely; it must not be a loan and Provide proof of medical insurance for himself and his family.
3. Doctors and scientists
- An approval Letter from Ministry of Health and Prevention in the UAE to practice the profession of medicine (for doctors)
- A letter of recommendation from Emirates Council of Scientists or a letter from Secretariat of the Mohammed bin Rashid Medal for Scientific Excellence stating that the applicant has been awarded the Medal of Scientific Excellence (for scientists).
- No Objection Certificate (NOC)
4. Outstanding Students
High school students : If you are a high school student and a national-level topper, (with a minimum grade of 95 per cent in public or private secondary school) you may be granted a Golden visa for 5 years without a sponsor, subject to submission of a recommendation letter from Ministry of Education (Emirates Schools Establishment). The duration of the Golden visa for students is 5 years and may be extended if he/she is enrolled in one of the majors/colleges in the country that requires a study period of more than five years.
University Students : If you are an outstanding university student, you may be granted a Golden visa for a period of 10 years without a sponsor, provided that:
- The University must be rated either A or B class by Ministry of Education
- A Recommendation letter from the university or an accredited graduation certificate or an accredited academic record stating that the student’s cumulative GPA is not less than 3.5 for A-class universities and 3.8 for B-class universities is submitted.
It has not been more than 2 years since you graduated.
Outstanding students of foreign universities may be granted a Golden visa for a period of 10 years without a sponsor, provided that:
- The university is rated among the best 100 universities global according to the rating system recognized by Ministry of Education
- The student’s cumulative GPA is not less than 3.5
- It has not been more than 2 years since you graduated
- Graduation certificate is accredited by the Ministry of Education
5. Athletes
A recommendation letter from General Sports Authority or one of the sports councils
Types of Golden Visas Available in the UAE
There are several different types of Golden Visas available in the UAE, including ones for investors, entrepreneurs, highly skilled professionals, and outstanding students. Each type of Golden Visa has its own set of eligibility criteria, and the application process can vary depending on the type of visa you’re applying for.
5-year visa
Issued to students with outstanding academic achievements and long-term residents.
10-year visa
Issued to investors, entrepreneurs, and specialists in priority sectors.
Application Process
The application process can be complex and time-consuming, but with our help, you can navigate it with ease. To begin the process, you’ll need to submit an application to the relevant government authorities. This will typically involve providing a range of personal and financial information, as well as supporting documentation such as proof of your qualifications and financial statements.
Required Documents for all of the applicants are as follow:
- Passport Original & Copy
- Visa Copy
- Personal Photo
- Valid Medical Insurance
- Medical Test
- Emirates ID
Obtaining a Golden Visa in the UAE is a complex process, but with our expert guidance, you can navigate it with ease. We understand the intricacies involved in obtaining a Golden Visa and can provide you with the support and guidance you need to make the process as smooth and straightforward as possible. If you’re interested in obtaining a Golden Visa, don’t hesitate to Contact us today to learn more.
FAQ :
Business Setup
Tax Services
Consulting Services
Accounting Services
Compliance
Audit & Assurance
Quick Links
MARKEF is a leading Accounting Firm offering wide range of services including Accounting and Bookkeeping, Audit and Assurance, VAT and Corporate Tax, Business Consulting, Management Consulting, and Business Setup Services in Dubai and across United Arab Emirates.
- Office No.1929, Tamani Art's Offices Tower, Business Bay, Dubai, United Arab Emirates
- +971 4 589 2828
- +971 50 105 4241
- E-mail : info@markef.com
-
Mon - Sat : 8:00 - 18:00
Sunday Closed
