Looking to invest in the UAE and enjoy some of the country’s many benefits? Then you’ll need a Golden Visa! Golden Visas are a type of visa that allows investors from select countries to live and work in the UAE without having to obtain a residency or citizenship. In this blog post, we’ll outline everything you need to know about getting a Golden Visa and investing in the UAE. We’ll also provide tips on how to make the most of your investment and maximize your chances of success. So if you’re interested in investing in the UAE, be sure to read on for all the information you need.
What Is the UAE Golden Visa?
UAE’s ‘Golden visa‘ allows foreign talent to live, work, or study in the UAE with exclusive benefits such as: An entry visa for six months with multiple entries to apply for residency. A long-term, renewable residence visa with a validity period of five or ten years. No sponsorship is required.
To keep their residence visa valid, they need to be able to stay outside the UAE for longer than six months. Sponsoring family members, including spouses and children, regardless of their age. In the event that the primary holder of the Golden visa passes away, family members are permitted to stay in the UAE until the end of the permit period.
Who Can Apply for a Golden Visa in the UAE?
1. Inventors
Anyone who has an invention that could potentially revolutionize the UAE or Arab world is eligible to apply for a UAE Golden Visa.
2. Entrepreneurs
Those who are up-and-coming entrepreneurs and have a business plan that is well thought out and feasible are also eligible to apply for a UAE Golden Visa.
3. Researchers
Researchers from universities in the UAE or Arab world who have made significant contributions to their field are eligible to apply for a UAE Golden Visa.
4. Highly talented students
Students who have demonstrated exceptional talents in fields like mathematics, science, arts, etc., are eligible to apply for a UAE Golden Visa.
How to Get Golden Visa UAE
The Golden Visa program in the UAE is a pathway for eligible foreign nationals to work, study, and reside in the country. This visa offers a great opportunity to live and work in the country
1. Entrepreneurs
The Golden Visa in the UAE can only be obtained by entrepreneurs who meet at least one of the specified criteria. If you want this visa, applicants must satisfy at least one of the requirements. To qualify for the first criterion, you must own or collaborate with a startup classified as a small/medium business (SME) in the nation. It’s worth noting that the firm must make at least AED 1 million in yearly profit. Obtaining particular approval for a startup idea from an official business incubator is the second requirement. It might also come from the Ministry of Economics or any other competent local government. The third requirement is to have developed and sold a startup venture that generated at least AED 7 million in revenue.
2. Investors
There are several requirements for the Golden Visa in the UAE for investors, just as there were with the previous example. Buying a property worth at least AED 2 million, or using a loan from several local banks, is one of these requirements. The final requirement is to hire an approved local real estate business to purchase one or more off-plan homes worth AED 2 million.
3. Scientists
The Golden Visa is simple to get if you are a scientist/researcher with significant accomplishments and influence in your field. The Emirates Scientists Council, on the other hand, recommended this eligibility criterion.
4. Professionals
This visa can only be obtained by professionals or highly skilled workers who have a legal employment contract in the country. In addition, they must have a monthly wage of at least AED 30,000 and hold a Bachelor’s degree. Depending on your work area, other specifics may change.
5. Exceptional talents
This visa is available if you are an inventor, innovator, or exceptional talent in culture, art, sports, or digital technology. In this category, you can get a Golden Visa regardless of your educational qualifications, employment status, or professional level. The monthly salary is not relevant. Nonetheless, you must have a recommendation or approval from a local or federal government entity.
6. Outstanding students and graduates
The Golden Visa is available to students who performed well in any of the UAE’s secondary schools. It is also available to outstanding graduates from local institutions as well as the top 100 institutions worldwide. Applicants must satisfy the UAE’s legal requirements, which include academic success and a cumulative average, in this scenario. They must additionally provide the university classification and the year of graduation.
7. Frontline heroes
Ultimately, this visa category is available to frontline workers who have put in exceptional efforts during a crisis. Outstanding frontline workers who provide their services, for example, may be able to get this visa in the event of a pandemic like COVID-19. You should now learn about how to get a Golden Visa in the UAE and its benefits, as well as the eligibility criteria.
What Are the Requirements to Obtain a UAE Golden Visa?
With a golden visa, you can travel to the UAE and work for a specific period of time. To qualify for a golden visa, you must have a valid visa from your home country and meet certain requirements related to your occupation. You will need to provide evidence of your financial stability and employability. This includes bank statements and income documentation. You will also need to provide proof of your relationship with an Emirati citizen or resident. The golden visa program is open to people from all countries except Iran, Syria, Yemen, Somalia, and Libya. The golden visa program is currently available to citizens of Australia, Brunei, Canada, China (PRC), France, Germany, India, Ireland, Italy Japan, Malaysia, Mexico, Netherlands, New Zealand , Philippines , Singapore , South Africa , South Korea (Republic of), Spain , Sweden , United Kingdom (UK) , United States of America (USA).
What Are the Features and Benefits of a UAE Golden Visa?
- The UAE Golden Visa has unique characteristics and associated benefits that are discussed below.
- Foreign residents may live, study, work, and do business in the UAE area thanks to the Golden Visa program.
- Applicants may own 100% of their firm with a UAE golden visa.
- It allows multiple entries and the issuing of residency permits, in addition to being on an entry visa for six months.
- Residents may also sponsor spouses and children of any age, as well as their own family members.
UAE Golden Visa requirements
When filling out your immigration application, you must meet specific criteria in order to receive this visa. Having investments in the UAE (minimum AED 2 million) is one of the key criteria. According to UAE laws and regulations, applicants may have their investments in a variety of ways.
For example, an investor’s commercial or industrial license might be accepted by the UAE. The legal entity’s MOA will show the paid-up capital of the business if you have a license. Also, keep in mind that the capital must not be less than AED 2 million. Further documents will be necessary depending on the chosen visa category, in addition to the visa and Emirates ID.
Conclusion
If you are looking to immigrate to the UAE, then you will need to apply for a golden visa. This visa is a very prestigious and sought-after immigration option and is typically reserved for individuals who have exhibited exceptional talent, achievement, or contribution to UAE society. By following these simple steps, you can ensure that you qualify for the golden visa and get started on your journey to immigrate to the UAE.
