Are you looking for long-term residency in the UAE? The UAE Golden Visa is now more accessible than ever, offering a range of benefits for those who qualify. Here’s a detailed guide to help you understand how to apply, who can apply, and the perks that come with this special residency visa.
What Is the UAE Golden Visa?
The UAE Golden Visa is a long-term residency permit that allows foreigners to live, work, and study in the UAE without needing a national sponsor. Unlike standard residency visas, the Golden Visa is valid for 5 to 10 years and doesn’t require frequent renewals.
Who Can Apply for the UAE Golden Visa?
The eligibility for the UAE Golden Visa has expanded significantly. Here are the main categories of people who can apply:
Investors
Real estate investors can qualify if they own property worth at least AED 2 million. There’s no longer a minimum down payment requirement. Investors who make significant public investments or have substantial tax contributions can also be eligible.
Entrepreneurs
Entrepreneurs with a start-up generating at least AED 1 million in revenue, or those who have sold a project for over AED 7 million, can apply. Approval from an official business incubator also qualifies applicants.
Exceptional Talents
People with extraordinary skills in areas like culture, art, sports, or digital technology can apply if they have a recommendation from a government entity.
Scientists
Scientists with advanced degrees (PhD or Master’s) and substantial research achievements can apply if they receive a recommendation from the Emirates Scientists Council.
Professionals
Highly-skilled workers with a Bachelor’s Degree and a monthly salary of at least AED 30,000 are eligible, provided they have an employment contract and are classified at a high professional level.
Outstanding Students and Graduates
High achievers in UAE schools and universities, or from the top 100 global universities, can qualify based on their academic performance.
Humanitarian Pioneers
Individuals who have made significant contributions to humanitarian work, whether through employment, volunteering, or financial support, can be eligible.
Frontline Heroes
Healthcare workers and other frontline staff who served during emergencies like the COVID-19 pandemic may also qualify.
How to Apply for the UAE Golden Visa
To find out if you’re eligible, use the UAE government’s online eligibility tool. If you meet the criteria, you can request a nomination through the Golden Services section on the UAE government’s website.
Benefits of Golden Visa
The UAE Golden Visa offers numerous advantages, making it an attractive option for many. Here’s what you can enjoy:
Extended Residency Rights
The Golden Visa provides long-term stability with a validity of 5 to 10 years, compared to the standard residency visa that requires renewal every 2 to 3 years.
Self-Sponsored Work and Stay
Visa holders can live, work, and study in the UAE without needing employment sponsorship. This flexibility allows for greater freedom in career and business pursuits.
Family Sponsorship
Golden Visa holders can sponsor their family members, including spouses and children, with no age restrictions. This benefit extends to domestic helpers as well, with no limits on the number of helpers.
Extended Time Outside the UAE
Unlike standard visas that become invalid after six months abroad, the Golden Visa allows holders to spend extended periods outside the UAE without losing their residency status.
Exclusive Health Care Packages
Recent updates include special health insurance packages for Golden Visa holders, offering coverage up to AED 20 million. Options range from basic to premium plans.
Dubai Police Esaad Card
Holders of the UAE Golden Visa can receive the Esaad privilege card, providing discounts across various sectors, including education, healthcare, and leisure.
Renewal of the Golden Visa
The Golden Visa can be renewed for another 5 to 10 years, provided the holder continues to meet the initial eligibility criteria. This ensures ongoing residency benefits as long as the individual remains compliant with the visa requirements.
The UAE Golden Visa presents a valuable opportunity for long-term residency with numerous benefits. Whether you’re an investor, entrepreneur, professional, or exceptional talent, understanding the application process and the advantages of this visa can help you make an informed decision. For those who qualify, the Golden Visa offers stability, flexibility, and exclusive perks, making it a highly desirable residency option in the UAE.
Also read: Top Places to Buy Used Cars in Dubai: Your Ultimate Guide – Social Kandura
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