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The UAE golden visa launched by the UAE government is a dream for everyone who wants to obtain a long-term residence in this country, which is a magnet for all tourists and foreign investors from all over the world. Visas in the UAE like investor visa, golden visa, and long term residence visa which enables foreign talents from everywhere to come to the UAE while enjoying exclusive treatment.
But is it easy to get a golden visa? What is UAE golden visa? It absolutely has many advantages, so it is not given to anyone and it has many conditions and requirements that must be met in order for someone to be able to obtain the golden visa.
In this article, we will introduce you to the most important characteristics of this visa and the conditions that must be met to obtain it, in addition to the categories of people that can obtain the golden residency for the Emirates.
What is UAE golden visa benefits?
The United Arab Emirates is a dazzling country distinguished by its cultural, civilizational and economic development and prosperity, to the extent that people are rushing to obtain a visa to travel to the Emirates and reside in it, even in order to settle down. Some may aspire to stay for a long time and get a good job opportunity and a valid residency. The most ambitious and most capable of them may want to obtain a UAE golden visa to travel to the Emirates, due to the many benefits that accrue to the holder of this visa in the country. The benefits of obtaining a golden visa are:
- Achieving a good quality of life and a high level of services.
- A safe environment motivates everyone to stay and settle down.
- The UAE has an important strategic location, as it is a gateway between Africa, the Middle East and Europe.
- It is among the top 30 countries in the world to do business and make a profit.
- A wife, children, one advisor and one executive director can be added to the applicant without any additional fees.
- The tax system is suitable for investors without personal income, net capital, and many double taxation transactions that are made.
- UAE is a member state of the United Nations, the League of Arab States and the Gulf Cooperation Council.
- It has good real estate value for investment.
- It also has a simple and effective residence system.
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Who can have a golden visa to UAE
Only certain categories of people are entitled to obtain the golden visa for the Emirates, and the person must be exceptional and distinguished in what he does in order to obtain it. Those who can do this must be globally skilled and talented from the following:
- Doctors.
- Exceptional talents.
- Entrepreneurs.
- Scientist.
- Athletes.
- Pioneer students.
- Employees and professionals.
- Real estate investors.
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Requirements for UAE golden visas
In order for a person to qualify for Dubai golden visa residency and the golden visa UAE, UAE government set the rule that he must obtain any of the following three:
- Investment fund: visa for a period of 10 years.
You can choose between three:
- Either a minimum deposit of 2 million AED, or 550,000 US dollars Within an investment fund approved by the state.
- A minimum investment of AED 2 million in a company Provided that it is with a valid commercial or industrial license.
- Or a minimum tax of 250,000 from the investor company with documentation from the National Tax Authority.
- Senior employees: also 10 years visa.
Investors who have appointed an executive manager or supervisors for more than ten years may allow his senior employees to obtain a residence visa that includes his wife and unmarried children.
- Real estate: it’s a 5 years renewable visa.
Obtaining a property with a minimum price of 2 million UAE dirhams, with a letter from the Dubai Real Estate Registration Department.
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Applying for golden visa to UAE
To obtain a golden residency visa in the United Arab Emirates, a complete application form must be submitted in addition to the notarized papers and documents. Once the required formal examinations are completed and the power of attorney fees are paid, residency applications in the United Arab Emirates can be obtained.
When the conditions and requirements for obtaining a visa are fulfilled, the initial approval must be waited for to be issued.
The applicant who passed the initial test will obtain a 6-month entry visa and travel to the UAE to complete the procedures, obtain an identity card and undergo a medical examination. Only then will the applicants receive full approval and a residence visa.
Processing and approval of the residency application takes 3 months, since the application was submitted.
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What is a UAE Golden Visa?
A UAE Golden Visa is a long-term residency visa that allows foreign nationals to live, work, and study in the United Arab Emirates (UAE) for a period of up to 10 years. The visa is granted to individuals who meet certain criteria, such as investors, entrepreneurs, highly skilled professionals, and outstanding students. It was introduced in 2019 as part of the UAE’s efforts to attract foreign investment and talent to the country. The UAE Golden Visa offers several benefits, including access to healthcare and education services, the ability to sponsor family members, and exemption from certain taxes.
Who is eligible for Golden Visa in UAE?
Based on my last training data, the following categories of individuals were eligible for the UAE Golden Visa:
Investors: Individuals who invest a minimum of AED 10 million in public investments or real estate.
Entrepreneurs and Business Owners: Individuals who own a company in the UAE with a minimum capital of AED 500,000 or those who have a successful track record in entrepreneurship.
Highly Skilled Professionals: Individuals with specialized skills and talents in fields such as science, medicine, engineering, and art.
Researchers and Scientists: Individuals who have made significant contributions to their field of research or science.
Outstanding Students: Students with exceptional academic achievements from recognized universities in the UAE or abroad.
It is important to note that UAE golden vusa price and eligibility criteria may change over time and interested individuals should check with relevant authorities for up-to-date information.
How much is the Golden Visa for UAE?
As of 2021, the cost of a UAE Golden Visa in UAE varies depending on the type of visa and the duration of stay. The fees can range from AED 650 to AED 10,000 or more. It is recommended to check with the relevant authorities or a reputable immigration consultant for up-to-date information on visa fees and requirements.
What is the benefit of Golden Visa in UAE?
The Golden Visa program in UAE offers several benefits to foreign investors and entrepreneurs who wish to live and work in the country. Some of the benefits include:
Long-term residency: The Golden Visa allows foreign investors and entrepreneurs to stay in UAE for up to 10 years, which is longer than most other types of visas.
Business opportunities: The Golden Visa program provides foreign investors with access to business opportunities in UAE, which can help them grow their businesses and expand their operations.
Tax benefits: Foreign investors who obtain a Golden Visa are exempt from paying personal income tax in UAE.
Family sponsorship: The Golden Visa program allows foreign investors to sponsor their family members for residency in UAE.
Ease of travel: With a Golden Visa, foreign investors can travel freely within UAE without having to obtain additional visas or permits.
Overall, the Golden Visa program is designed to attract foreign investment and talent to UAE, while also providing long-term residency options for those who wish to live and work in the country.
How Do I Get A UAE Golden Visa?
The general requirements and steps to obtain a UAE Golden Visa:
Meet the eligibility criteria: The UAE Golden Visa is available to investors, entrepreneurs, highly skilled professionals, and outstanding students.
Apply for the visa: You can apply for the visa through the Federal Authority for Identity and Citizenship (ICA) website or through a registered typing center.
Submit required documents: You will need to submit various documents such as passport copies, proof of investment or business ownership, educational certificates, and other relevant documents.
Pay fees: There are fees associated with applying for a UAE Golden Visa.
Wait for approval: The processing time can vary depending on your application and circumstances.
Collect your visa: Once your application is approved, you can collect your visa from the ICA office or have it delivered to you.
It’s important to note that obtaining a UAE Golden Visa is not guaranteed and each application is evaluated on a case-by-case basis.
What Is The Processing Time For The UAE Golden Visa?
It is recommended to check with the relevant authorities or consult with a reputable immigration consultant for up-to-date information on the processing time and requirements.
UAE golden visa is a long term residence visa obtained by only creative and outstanding people with outstanding experiences and works from various specializations and fields all over the world. Therefore, if you aim to obtain the golden residency and the golden visa to travel to UAE, you must strive and persevere in order to stand out from those around you and draw attention towards you.
