Golden visa in the UAE

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Golden visa in the UAE is an initiative that does not know the impossible.

The beginnings of this initiative came in 2019 when His Highness Sheikh Mohammed bin Rashid Al Maktoum adopted the long term residence visas (golden visa in the UAE), and at that time it was limited to certain categories; And with the beginning of December 2020, major changes were made to this decision by granting golden residency to a larger and broader segment of the distinguished groups of society, whether for a period of ten years or five years, automatically renewed.

The ten-year visa (golden visa in the UAE) differs from the five-year visa (golden visa in the UAE) according to the categories eligible for obtaining each of them.

Five-year residence visa (golden visa in the UAE)

The following categories can obtain the five-year visa (golden visa in the UAE)

Real Estate Investment, Entrepreneurship, Academic Excellence

GOLDEN VISA IN THE UAE

Real estate investment:

Conditions for the real estate investor to obtain a five-year residency:

The investment must be in one or more real estate with a total value of the real estate asset, not less than five million dirhams

To provide evidence that the property is wholly owned by the investor and not a loan

To keep the investment for at least three years from the date of issuance of the residence permit

That the investor’s financial liability is not burdened by claims or debts that affect his financial solvency.

Entrepreneurship

The investor must own a previous successful project in an approved field with a minimum value of 500,000 dirhams, or must have obtained the approval of an approved business incubator in the country. For husband, children, and three CEOs

As for the entrepreneurs residing outside the UAE:

they must comply with the following conditions, which were added in 2020:

The entrepreneur must have sufficient experience in his field.

To be a member of the management or a major shareholder.

Willing to move and live in the UAE and set up a business in one of the emirates legally.

He has a project or action plan that he will work to implement in the country.

Successfully pass the requirements of the Federal Authority for Identity and Citizenship, including the health audit and assessment.

The entrepreneur needs to be approved by an approved government incubator in the UAE.

After the entrepreneur residing outside the country obtains approval for the nomination, the entrepreneur will be invited to submit an application for a visa through the Federal Authority for Identity and Citizenship.

GOLDEN VISA IN THE UAE

Academic Excellence

This residence is granted to outstanding students who have obtained an honors grade or what represents at least 95% average in the general secondary certificate or its equivalent, from public or private schools.

It also includes a university student from inside or outside the country having a distinction GPA of at least 3.75 upon graduation in the scientific disciplines specified by the commission.

Long-term visa includes families of the outstanding students as well. The outstanding student is granted a multiple-entry permit for a period of six months.

Ten-year residence visa (golden visa in the UAE):

The ten-year residence visa includes public investment, specialist talents.

Investors:

First:

Until the investor obtains the golden visa in UAE ; he has to comply with one of the following conditions:

The investor must have a deposit of at least 10 million dirhams in an investment fund inside the country, or

The investor should establish a company in the country with a capital of no less than 10 million dirhams, or

To be a partner in an existing or new company with a financial share of not less than 10 million dirhams, or

He must have several investments in the country with a total value of not less than 10 million dirhams, provided the non-real estate investment must be at least 60% of the total of those investments.

Conditions:

The investor submits proof that the amount invested must be fully owned, not a loan.

Retain the investment for at least 3 years from the date of issuance of the residence permit

Investor’s financial disclosure – which is not less than ten million dirhams – is not burdened by claims or debts that affect his financial solvency.

Second:

The golden visa in UAE includes: the spouse and children, one executive director, and one consultant. The investor also has a visa for 3 support service workers.

Third:

An investor from outside the country can obtain a multiple-entry permit for the Emirates for a period of six months, with the possibility of renewal for another six months.

It also includes a university student from inside or outside the country having a distinction GPA of at least 3.75 upon graduation in the scientific disciplines specified by the commission.

Long-term visa includes families of the outstanding students as well. The outstanding student is granted a multiple-entry permit for a period of six months.

HOW TO GET GOLDEN VISA IN THE UAE

Specialist talents

Granting a visa (golden visa in the UAE) is subject to the following conditions:

Scientists must be accredited by Emirates Scientists Council or holders of the Mohammed Bin Rashid Medal for Scientific Excellence.

Creative individuals in culture and art must be accredited by Ministry of Culture and Youth.

Inventors must obtain a patent of value, which adds to the UAE’s economy. Patents must be approved by Ministry of Economy.

Exceptional talents must be documented by patents or a scientific research published in a world-class journal.

Executives must be owners of a leading and internationally recognized company or holders of a high academic achievement and position.

Doctors and specialists must meet at least two of the following conditions:

A Ph. D. degree from one of the top 500 universities in the world (refer to ICA for information)

An award or certificates of appreciation in the field of the applicant’s work

Contribution to a major scientific research in the respective field of work

Published articles or scientific books in distinguished publications in the respective field of work

Membership in an organization related to the field

A Ph. D. degree, in addition to 10-year professional experience in his field

Specialization in areas of priority to the UAE.

UAE GOLDEN VISA

Granting golden visa in the UAE steps:

For any inquiries regarding visas (golden visa in the UAE), please communicate with Federal Authority for Identity and citizenship (ICA) at the toll free number 600522222 or through ICA’s feedback platform.

If you are abroad, check with the UAE’s embassies and consulates

For Dubai visas, contact Amer service on the toll free number 800 5111 if you are living in the UAE. If you are outside the UAE, call Amer on the toll free number +9714-313-9999.

 Regarding ategory of entrepreneurs:

The following steps should be followed:

Application

Submit a nomination application through the online platform for the entrepreneurs’ visa, and the application will be reviewed within 30 days by approved business incubators in the country, and then you will receive an email with the status of your application.

Upload documents

Once your candidacy is approved, you will receive an email with a link to download the documents required for obtaining a visa.

To obtain a visa (golden visa in the UAE)

It is the last step, during which your application is reviewed by the Federal Authority for Identity and Citizenship before receiving the permanent visa.

For more details about the golden visa in the UAE you can contact us

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