UAE Golden Visa is considered as a long term residency program which has been designed to attract the entrepreneurs, skilled professionals, individuals who are talented as well as outstanding students. You need to know that it is not a common visa which is given to everyone who wants to live in UAE. This visa will allow the individuals to live, study or work in UAE without having any traditional sponsor.
As you know, UAE has become extremely popular destination for professionals as well as professionals due to its growing economy, tax-friendly environment as well as modern infrastructure. If you want to live in Dubai or other cities of UAE for long time then you can apply for UAE Golden Visa. The eligibility, benefits and the application process are mentioned in the post. So, go through it carefully.
What is UAE Golden Visa?
UAE Golden Visa is also officially known as Golden Residence which allows the foreign nationals to live in UAE for five or ten years without having any sponsor. In fact, it is a renewable residence permit which can be renewed depending on the category.
Like other traditional residence visa, Golden visa holder does not require any employer or sponsor in order to maintain their residency. This program is mainly created for the international talents, encourage their investment and support the economic development of the country.
In fact, UAE Golden Visa will also allow you to sponsor your family and comes with greater flexibility or benefits. It also has advantages when you will travel outside the UAE which is subject to applicable regulations.
Who is Eligible for UAE Golden Visa?
You should know that UAE Golden Visa is available for various categories of the people. The important ones are mentioned below:
- Investors of Real Estate
To get the UAE Golden Visa, Real Estate investment is one of the most common routes.
According to Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), people who have invested at least AED 2 million in UAE real estate are eligible for the Golden Residency Visa.
The investors who have one or more eligible properties may quality through their ownership. The off-plan properties can also qualify which depends on the applicable conditions.
If you are thinking to invest in UAE property then you need to verify:
- If the property meet with the current investment requirement
- If the property is eligible for UAE Golden Visa.
- If the important documents are available
- The investment meets all the valuation criteria.
You should know that only buying a property will not make you eligible for approval of Golden visa. It is essential to satisfy all the necessary conditions.
- Entrepreneurs
Entrepreneurs who have innovative business or commercial projects can be eligible for UAE Golden Visa. You should know that the potential eligibility may also include:
Owning a qualifying business in UAE
- Operating the company which meets the essential revenue criteria
- Received approval for an entrepreneurial projects
- Having a successful business in UAE which meets all the eligible conditions.
- It is also necessary for the applicants to provide their business license, financial records as well as required approvals from the relevant authorities.
For an entrepreneur category, UAE Golden Visa is given for five years.
- Skilled Professionals
UAE also provides UAE Golden Visa to the experience professionals who are working in specialized fields. Some of the eligible professionals are mentioned below:
- Healthcare specialists or doctors
- Engineers
- Specialists of Information Technology
- Senior executives
- Qualified professionals
- Scientists and Researchers
It is also essential for the skilled professionals to meet the requirement related to their employment, occupation, salary and qualifications.
To get UAE Golden Visa, it is essential for the specialized professionals to have a bachelor’s degree and a monthly salary of AED 30,000.
- Outstanding Graduates and Students
Some of the outstanding graduates or students may be eligible for getting UAE Golden Visa or Residency. It is essential for them to high achieve in secondary school in order to get eligible for Golden Residency. The outstanding graduates may qualify on the factors which are given below:
- Academic performance
- Recognition from the university
- Graduation date
- Educational qualifications
- Relevant recommendations
However, the exact requirement will depend on the educational background and category of the student.
- Exceptional Talents
Those individuals who have received recognition or achievements in different areas such as science, medicine, sports, arts, technology may be qualify for UAE Golden Visa.
It is essential for the applicants to have recommendations or approvals from the higher authorities of the UAE.
You should know that eligibility depends on various factors such as individual achievements, qualifications and requirement of the specific category.
What are the Benefits of UAE Golden Visa?
You need to know that there are several advantages of having UAE Golden Visa. Some of the important points are mentioned below:
Long Term Residency
With Golden Visa, applicants will receive five or ten years of residency permit depending on the category. It provides greater stability for the individuals who are planning to live in UAE.
No Traditional Sponsor
Golden Visa holder does not require any traditional employer or sponsor in order to maintain their residency.
Family Sponsorship
The person having UAE Golden Visa can sponsor their eligible family members which includes spouse and children. It is best for the families who wants to relocate in UAE.
Extended Flexibility in Travel
Generally, UAE Golden Visa gets more flexibility when lining outside the UAE for some extended period of time.
Business opportunities
UAE Golden Visa holders can easily explore for various investment opportunities in real estate, tourism, finance and other business service.
Why UAE Golden Visa is Popular among the Applicants?
As you know, Dubai is one of the popular destinations among the investors, professionals or entrepreneurs. Here, they will get various opportunity of growth in:
- Real Estate
- Technology
- Tourism
- Finance
- Healthcare
- Retail
- Hospitality
The modern infrastructure, international connectivity as well as diverse property market attracts the investors around the world.
If you are a property buyer then you will get luxurious apartments, villas, residences as well as commercial properties across different communities.
However, Before investing, you must consider different factors including location, budget, rental demand, quality of the property as well as market conditions to avoid any type of problem in future.
If you are only buying a property to get UAE Golden Visa then it is essential for you to check the latest eligibility requirements before making the investment.
How to Apply for UAE Golden Visa?
You need to know that application process depends on the category of the applicants and the emirate who is handling the application. To apply, you should follow the given steps:
Step 1: Check your Eligibility
Applicants need to identify either they are eligible for UAE Golden Visa or not. They can match their qualification, profession, investment or achievements from the official portal of UAE Government.
Step 2: Prepare your Documents
If you are eligible then you need to collect different documents which includes
- Valid passport
- Passport size photos
- Ownership documents of the property
- Educational certificates
- Salary certificate
- Recommendation letters
- Documents related to health insurance
- Employment contacts
Step 3: Submit your Application
You can submit your application form to the relevant Government channels. Generally, The ICP provides the UAE Golden Visa services whereas Dubai related applications are handled by GDFRA.
Step 4: Complete the Required Procedures
Applications are also required to complete the procedures depending on the circumstances. The important ones are mentioned below:
- Examination of medical fitness
- Procedures of Emirates ID
- Document verification
- Other important formalities related to residency.
Step 5: Receive your Golden Visa
Once you complete all the formalities and procedures get completed, your Golden Residency permit will be issued. However, the validity depends on the approved category.
Frequently Asked Questions:
Q: How long UAE Golden Visa is valid?
A: Generally, the Golden visa is issued for five or ten years which depends in the category of the applicants.
Q: Can I get UAE Golden Visa after buying property in UAE?
A: All properties are not eligible for Golden Residency. It must meet the applicable requirements to get the visa.
Q: Can I Sponsor my family with golden visa?
A: Yes, eligible golden visa holders can sponsor their qualifying family members which matches the UAE regulations.
Q: Does UAE Golden Visa provide citizenship?
A: No, The golden visa is only a long term residency program which does not provide the UAE citizenship.
Q: Can I live outside the UAE for an extended period?
A: Yes, in fact Golden visa holders get more flexibility for the extended stays outside the UAE.
Final Thoughts:
You need to know that UAE Golden Visa is only provided to entrepreneurs, professionals, outstanding students or eligible investors for establish a long term presence in UAE.
This program provides several potential benefits to the Golden visa holder in real estate investment business developments as well as professional growth.
Before applying, you must meet with the latest requirements and consult the relevant authorities before making the relocation decision.