Uploaded on Jun 17, 2022
The golden visa is a system that offers long-term residency for about 5 and 10 years to people that belong to different groups.
UAE's Golden Visa: What is it, and Who is Eligible?
UAE's Golden Visa: What is it, and Who is Eligible?
In 2019, the United Arab
Emirates (UAE) decided to
grant a 10-year golden visa
to people who meet their
specific criteria. This is a
new system to provide long-
term residence visas in order
to enable foreigners to live,
work and study in the UAE
without the requirement of a
national sponsor.
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UAE's Golden Visa: What is it, and Who is Eligible?
This new policy was
launched in order to attract
new and capable foreign
residents to the Emirate of
Dubai following the
economic challenges that
were caused, due to the
covid-19 pandemic situation.
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What does this Golden Visa Offer?
The golden visa is a system
that offers long-term residency
for about 5 and 10 years to
people that belong to different
groups. That includes people
like entrepreneurs,
researchers, medical
professionals, experts in
scientific and knowledge fields,
people with outstanding
talents, remarkable students,
and investors.
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What Conditions Apply for People with Outstanding Talent?
People who have special
talents and skills need to fulfill
certain criteria, in order to
become eligible to apply for
the UAE golden visa residency
permit. People who are
established scientists need to
be accredited by the Emirates
scientist council or need to be
a holder of the Mohammed Bin
Rashid Medal for scientific
excellence.
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What Conditions Apply for People with Outstanding Talent?
For creative individuals in
culture and arts, they need to
be accredited by the ministry
of culture and knowledge
development. It is also
essential for exceptional talent
to have documented patents or
scientific research that is
already published in world-
class journals.
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What Conditions Apply for People with Outstanding Talent?
Specialists and doctors need to
meet at least two of the
following conditions which are
a Ph.D. degree from the top
500 universities across the
globe and an awarded
certificate of appreciation in
the field of the applicant's
work, by contributing to major
scientific research in their
respective field of work.
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What Conditions Apply for People with Outstanding Talent?
Along with that, they also need
to showcase published articles
or scientific books, or
distinguished publications in
the respective field of work.
Having membership in an
organization that is related to
their field of work is
appreciated. The Ph.D. degree
in addition to 10 years of
professional experience in the
field of specialization; in areas
www.desertctarht.aaet are of high priority to the
UAE.
Golden Visa Opportunity for Investors and Business People
Any individual who has invested
a minimum of 2 million dirhams
in the UAE, can apply for a 10-
year golden visa without a
sponsor. The investment can be
in the form of accredited funds in
the UAE for a commercial or
industrial license of an investor;
where the memorandum of
association of the legal entity
mentions that the paid-up capital
of the company is not less than 2
million dirhams.
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Golden Visa Opportunity for Investors and Business People
If the investor is the owner of
a company in the UAE and
pays tax of a minimum of
2,50,000 dirhams annually,
to the federal tax authority,
they can apply for the UAE
Golden visa along with their
spouse and dependents.
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Golden Visa Opportunity for Investors and Business People
Senior employees like
executive directors or
advisors appointed by
investors in public
investment are also entitled
to apply for the golden visa
without a sponsor. Individuals
who own property worth 2
million dirhams or more are
also eligible to apply for a 5-
year golden visa.
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Golden Visa Opportunity for Investors and Business People
Under this category, the
properties should not have
any loan, but if the properties
are on loan and the value of
the properties is their own
equity, then they can be
considered. Retired foreigners
who are at least 55 years old
and have 1 million dirhams in
investments or an income of
15,000 dirhams per month
can apply for the golden visa.
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Long-Term Visas for Students
Outstanding students studying
in recognized schools and
universities inside or outside
the UAE can apply for special
long-term residency visas.
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Benefits of the UAE Golden Visa
• It is a 10-year renewable
residence visa.
• It does not require any
sponsor or employer.
• The visa does not get
canceled if the visa holder
stays outside the country for
more than 6 months.
• The visa is granted to the
entire family including
spouses and children
without any age limit.
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Benefits of the UAE Golden Visa (Continued…)
• Potential visa holders get an
entry permit that is valid for
6 months with multiple
entries and are allowed to
stay until the visa processing
procedures are completed.
• If the original visa-holding
person dies, then the family
members can continue to
stay in the UAE, till the end
of their residence permit
duration.
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Benefits of the UAE Golden Visa
Any individual who fulfills the
above criteria can apply for the
UAE golden visa through the
website of the Federal authority
for identity, citizenship, customs,
and port security (ICP). Just log on
online using your mobile,
laptop & computer to apply. For
further clarifications or any
queries related to this particular
matter, you can contact the ICP
and the general directorate of
Residency and Foreign Affairs in
the UAE.
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