UAE Golden Visa

Table of Contents

1. Overview of the UAE Golden Visa Program

The UAE Golden Visa Program is a long-term residency scheme launched by the United Arab Emirates in 2019 to attract foreign investment and talent to the country. The program offers successful applicants and their families the opportunity to live, work, and study in the UAE without needing a national sponsor.

The Golden Visa Program was initially designed for investors and entrepreneurs who met certain financial requirements, such as owning a property worth at least AED 5 million or investing AED 10 million in a business in the UAE. However, the program has been expanded to include several other categories of applicants, including highly skilled professionals, scientists, researchers, and artists.

The eligibility requirements for the Golden Visa vary depending on the category of the applicant. In general, applicants must have a valid passport and a clean criminal record and demonstrate their eligibility for the category they are applying under. The application process involves submitting documents, including proof of investment or qualification, and passing a security check.

Successful applicants are granted a visa valid for up to 10 years, with the option to renew indefinitely as long as they meet the eligibility requirements. The visa offers several benefits, including the right to reside and work in the UAE, access to the country’s healthcare and education systems, and the ability to sponsor family members for visas.

The Golden Visa Program has attracted foreign investment and talent to the UAE. It has been particularly popular among high-net-worth individuals and entrepreneurs who see the UAE as a hub for business and investment opportunities. The program has also contributed to the country’s economic growth and diversification efforts.

2. Benefits of Obtaining a UAE Golden Visa

Auditing for UAE Golden Visa - Audit Firms , Approved Auditors & Accountants in Dubai, UAE

Obtaining a UAE Golden Visa can offer several benefits to successful applicants, including:

Long-term residency: The Golden Visa is a long-term residency program that offers successful applicants and their families the right to live and work in the UAE for up to 10 years, with the option to renew indefinitely as long as they continue to meet the eligibility requirements.
No need for a national sponsor: Unlike other types of visas in the UAE, the Golden Visa does not require a national sponsor. This gives applicants more freedom and flexibility to work, invest, and live in the UAE without relying on a local partner.
Access to healthcare and education: Golden Visa holders and their families have access to the UAE’s world-class healthcare and education systems. This can be particularly beneficial for those with children who want to enroll in schools or universities in the UAE.
Ability to sponsor family members: Golden Visa holders can sponsor their family members for visas, allowing them to live and work in the UAE.
Business opportunities: The UAE is a hub for business and investment opportunities, and the Golden Visa can give successful applicants access to these opportunities. This can particularly benefit entrepreneurs and investors who want to start or expand their businesses in the UAE.
Tax benefits: The UAE has a favorable tax regime, with no personal income or capital gains tax. This can be a significant advantage for high-net-worth individuals and investors who want to maximize their returns.

Overall, the Golden Visa can offer a range of benefits to successful applicants, making it an attractive option for those who want to live, work, and invest in the UAE.

3. Requirements for a UAE Golden Visa

The requirements for a UAE Golden Visa vary depending on the category of the applicant. Here are the general requirements for each category:

Investors: To qualify as an investor, the applicant must invest a minimum of AED 10 million in a business in the UAE or own property worth at least AED 5 million. In addition, the applicant must hold the investment for at least three years and provide proof of the investment.
Entrepreneurs: To qualify as an entrepreneur, the applicant must have a previous business record or a business plan with a minimum capital of AED 500,000. In addition, the business must be innovative and contribute to the UAE’s economy.
Highly skilled professionals: To qualify as a highly skilled professional, the applicant must have a university degree or equivalent qualification and possess specialized skills or talents in science, medicine, or technology. In addition, the applicant must provide proof of their professional qualifications.
Scientists and researchers: To qualify as a scientist or researcher, the applicant must hold a Ph.D. from one of the top 500 universities in the world, as recognized by the UAE. In addition, the applicant must provide proof of their research contributions.
Artists and creatives: To qualify as an artist or creative, the applicant must be internationally recognized and prove their achievements.

In general, all applicants must have a valid passport, a clean criminal record, and pass a security check. They must also be able to provide proof of their eligibility for the category they are applying under.

It’s important to note that the requirements for the Golden Visa may change occasionally, so it’s best to check with the UAE immigration authorities for the most up-to-date information.

4. What Documents Are Needed to Apply for a UAE Golden Visa

The documents needed to apply for a UAE Golden Visa may vary depending on the category of the applicant. However, here are some of the documents that are typically required:

Passport: A valid passport with a minimum validity of six months.
Photograph: A recent passport-sized photograph.
Health insurance: If applicable, proof of health insurance coverage for the applicant and their dependents.
Financial documents: Depending on the category of the applicant, various financial documents may be required, such as proof of investment, bank statements, or financial statements.
Educational documents: For highly skilled professionals and researchers, educational documents such as diplomas, certificates, and transcripts may be required.
Professional documents: For highly skilled professionals, scientists, and researchers, professional documents such as resumes, employment contracts, and reference letters may be required.
Research publications: A list of research publications may be required for researchers.
Business documents: For entrepreneurs and investors, business documents such as business plans, financial statements, and registration documents may be required.
Criminal record: A certificate of good conduct or police clearance certificate from the applicant’s home country or country of residence.

5. How to Apply for a UAE Golden Visa

The application process for a UAE Golden Visa may vary depending on the category of the applicant. However, here are the general steps for applying:

Choose a category: The first step is to determine which category of the Golden Visa program you are eligible for based on your qualifications and circumstances.
Prepare the required documents: Gather all the required documents for your chosen category, such as passport, photographs, financial and educational documents, and any other required documents.
Apply: You can submit your application online through the Federal Authorities for Identity and Citizenship (ICA) website or through a registered agent. You must create an account, fill in the online application form, and then upload the required documents.
Pay the fees: You will need to pay the fees associated with the application, which vary depending on the category of the Golden Visa program.
Wait for processing: Once your application is submitted, it will be processed by the relevant authorities. The processing time may vary depending on the category and the number of applications being processed.
Receive the visa: If your application is approved, you will receive the Golden Visa and can start enjoying its benefits. If your application is denied, you will receive a notification with the reasons for the denial.

It’s important to note that the requirements and procedures for the Golden Visa program may change occasionally, so it’s best to check with the UAE immigration authorities or a registered agent for the most up-to-date information.

6. The Length and Cost of Obtaining a UAE Golden Visa

The length and cost of obtaining a UAE Golden Visa can vary depending on the category of the applicant. Here are some general guidelines:

Length: The Golden Visa is usually issued for 5 or 10 years, depending on the category of the applicant. The visa is renewable if the applicant continues to meet the program’s requirements.
Cost: The cost of obtaining a Golden Visa also varies depending on the category of the applicant. Here are the current fees for each category:

Investors: AED 10,000 for the application and AED 3,100 for visa issuance.
Entrepreneurs: AED 2,500 for the application and AED 1,100 for visa issuance.
Highly skilled professionals: AED 2,500 for the application and AED 1,100 for visa issuance.
Scientists and researchers: AED 2,500 for the application and AED 1,100 for the visa issuance.
Artists and creatives: AED 2,500 for the application and AED 1,100 for visa issuance.

It’s important to note that these fees are subject to change, and additional fees may be required for medical tests, security clearance, and other services.

The processing time for the Golden Visa may also vary depending on the category and the number of applications being processed. In general, receiving the Golden Visa after the application is submitted can take anywhere from a few weeks to a few months.

Conclusion:

The UAE Golden Visa program is an attractive option for investing in or residing in the Middle East. With long-term residency options, visa waivers, and visa-on-arrival programs available, applicants should thoroughly research their eligibility and requirements before applying. Additionally, Golden Visa holders must adhere to their visa’s conditions and requirements to maintain their residence status. Overall, the UAE Golden Visa is an excellent opportunity for many talented individuals and investors looking to enjoy the benefits of living in the UAE.

How to work with UAE Golden Visa?

Once you have obtained the UAE Golden Visa, you can work in the UAE without needing a separate work permit.

The Golden Visa allows you to reside in the UAE for an extended period, typically between 5 and 10 years, depending on the visa category.

To work with the Golden Visa, you must find employment in the UAE. Finding employment in the UAE may involve searching for job openings online or through recruitment agencies, networking with contacts in your industry, or applying directly to companies or organizations that interest you.

Once you have secured a job offer, your employer must sponsor your work permit and obtain the necessary approvals from the relevant government authorities.

The process of obtaining a work permit in the UAE can be complex and time-consuming, so it's recommended that you seek the assistance of a reputable immigration consultant or legal advisor to help with the process.

It's important to note that the UAE has strict labor laws and regulations that govern employment, including minimum wage requirements, working hours, and other conditions of employment.

It's important to familiarize yourself with these laws and regulations and ensure that your employment contract meets the legal requirements.

How long is the Golden Visa valid?

The validity of the UAE Golden Visa depends on the visa category and the applicant's individual circumstances.

For investors, entrepreneurs, and special talents, the Golden Visa is typically valid for 5 or 10 years, depending on the specific category and the investment amount made by the applicant.

For highly skilled professionals and researchers, the Golden Visa is typically valid for five years and can be renewed if the individual meets the eligibility criteria.

For students, the Golden Visa is typically valid for their studies in the UAE and may be renewable for additional periods depending on their circumstances.

It's important to note that the validity of the Golden Visa may be subject to certain conditions, such as the applicant remaining employed or meeting certain investment or business requirements. It's also important to remember that the UAE government may change the requirements and conditions for the Golden Visa program anytime.

How many golden visas are issued in UAE?

The UAE government has not publicly released the number of Golden Visas issued since the program's launch in 2019.

However, the government has stated that it aims to attract many investors, entrepreneurs, and talented individuals to the UAE through the Golden Visa program as part of its broader efforts to diversify the economy and attract foreign investment.

How many countries can travel with UAE Golden Visa?

The UAE Golden Visa program allows holders to reside in the UAE for an extended period, typically between 5 and 10 years, depending on the visa category.

While the Golden Visa itself does not provide visa-free travel to other countries, it may be a factor that enhances an individual's eligibility for a visa to certain countries. For example, some countries may view the Golden Visa as a sign of the applicant's financial stability and, therefore, may be more likely to grant a visa.

Additionally, the UAE has visa waiver agreements in place with several countries, which allows citizens of those countries to enter the UAE without a visa for a certain period. The UAE also offers a visa-on-arrival program for citizens of many countries, which allows them to obtain a visa upon arrival in the UAE. However, these programs' eligibility criteria and requirements may vary depending on the applicant's nationality and other factors.

It's important to note that other countries' visa requirements and policies are subject to change, and it's recommended that individuals consult with the relevant embassies or consulates for the most up-to-date information.

When was UAE Golden Visa introduced?

The UAE Golden Visa program was first introduced in May 2019 by the UAE government as part of its broader efforts to attract and retain foreign investment and skilled professionals in the country.

The program aims to provide long-term residency options for investors, entrepreneurs, talented individuals, researchers, and others who meet the eligibility criteria.

Initially, the Golden Visa program was launched for a select group of individuals, including investors and entrepreneurs, who met certain criteria, such as investing in a property or a business in the UAE.

Since then, the program has been expanded to include additional categories of individuals, including highly skilled professionals, scientists, artists, and students.

The Golden Visa program has been well-received by many foreign investors and professionals who see the UAE as an attractive destination for business and investment, and the government has stated that it plans to continue expanding and refining the program in the coming years.

How long can I stay outside UAE with Golden Visa?

The UAE Golden Visa program offers long-term residency options for eligible individuals, typically for 5 or 10 years, depending on the visa category.

However, it's important to note that the specific requirements and conditions of the Golden Visa may vary depending on the visa category and other factors.

Golden Visa holders are generally expected to maintain their residency in the UAE and spend a significant amount of time in the country each year.

While there is no specific limit on the amount of time a Golden Visa holder can spend outside the UAE, the visa may be subject to cancellation or renewal requirements if the holder spends extended periods outside the country.

It's important for Golden Visa holders to review the specific requirements and conditions of their visa, including any limitations on the amount of time that can be spent outside the UAE, and to comply with those requirements to avoid any issues with their residency status

Can I apply for UAE Golden Visa myself?

Yes, applying for the UAE Golden Visa program by yourself is possible, but the process can be complex and time-consuming.

It's recommended that you seek the assistance of a reputable immigration consultant or legal advisor to ensure that your application meets all the requirements and to maximize your chances of success.

The application process for the Golden Visa program may require the submission of various documents and supporting evidence, including a passport copy, a security clearance certificate, a medical fitness certificate, and evidence of investment or employment in the UAE.

The specific requirements may vary depending on the category of the visa and the applicant's circumstances.

An immigration consultant or legal advisor can help you navigate the application process and ensure that you meet all the requirements. They can also assist with preparing your application, submitting it to the relevant authorities, and following up on the status of your application.

It's important to note that the UAE government has strict requirements for the Golden Visa program, and meeting these requirements can result in delays or rejections of your application. Therefore, seeking professional assistance can ensure your application is complete and meets all the necessary criteria.

What is the GPA for UAE Golden Visa?

The UAE Golden Visa program has no specific GPA requirement for its categories. The eligibility criteria for each category of the Golden Visa program vary, and applicants must meet the specific requirements for the category they are applying for.

For example, the eligibility criteria for the investor visa category require applicants to invest a minimum amount in a qualifying investment in the UAE, while the eligibility criteria for the highly skilled professionals category require applicants to have a certain level of education and professional experience.

The Golden Visa program is designed to attract and retain talented and wealthy individuals who can contribute to the UAE's economy and society. The program is not solely based on academic performance or GPA but on factors such as investment, skills, and expertise.

Can students apply for UAE Golden Visa?

As of my knowledge cut-off date of September 2021, the UAE Golden Visa program did not have a specific category for students.

However, the program offers various categories that may be relevant for students who wish to live and work in the UAE after graduation.

For example, the highly skilled professionals category of the Golden Visa program may be relevant for students who have a certain level of education and professional experience.

The investor visa category may also be relevant for students with the financial means to make a qualifying investment in the UAE.

The eligibility criteria for the Golden Visa program vary depending on the category, and applicants must meet the specific requirements for the category they are applying for.

It's recommended that students consult with a reputable immigration consultant or legal advisor to determine the best category for their specific circumstances and to ensure that their application meets all the requirements.

Who can sponsor Golden Visa?

The eligibility to sponsor a UAE Golden Visa depends on the visa category being applied for.

For the investor visa category, the applicant may be sponsored by a UAE government entity or by a UAE-based company or businessperson who holds a minimum of 51% ownership of the company.

For the entrepreneur visa category, the applicant may be sponsored by a UAE government entity or by a UAE-based company or businessperson who holds a minimum of 51% ownership of the company.

For the highly skilled professionals visa category, the applicant may be sponsored by a UAE government entity or by a private company or organization based in the UAE.

The sponsor must meet certain eligibility criteria and provide documentation to support the application. It's important to note that the specific requirements and documentation may vary depending on the category of the visa and the individual circumstances of the sponsor and applicant.

It's recommended that sponsors consult with a reputable immigration consultant or legal advisor to ensure they meet the requirements and maximize the chances of success for the applicant's visa application.

Who is eligible for Golden Visa in UAE?

The eligibility criteria for the Golden Visa in the UAE vary depending on the category of the applicant. Here are the general eligibility requirements for each category:

Investors: Investors who meet the following criteria may be eligible for the Golden Visa:

Invest AED 10 million or more in the UAE.
Own a property worth AED 10 million or more in the UAE.
Invest in a new or existing company with a capital of AED 10 million.
Have a partnership in an existing or new company with a share value of AED 10 million or more.

Entrepreneurs: Entrepreneurs who meet the following criteria may be eligible for the Golden Visa:

Establish a new business in the UAE with a minimum investment of AED 500,000.
Obtain approval for the business idea from a UAE business incubator.
Possess a previous business record of at least one successful startup.

Highly skilled professionals: Highly skilled professionals who meet the following criteria may be eligible for the Golden Visa:

Hold a valid employment contract in a specialized field, with a minimum salary of AED 20,000 per month.
Have a degree from one of the top 500 universities in the world.
Have specialized talents or skills that are in high demand in the UAE.

Scientists and researchers: Scientists and researchers who meet the following criteria may be eligible for the Golden Visa:

Hold a Ph.D. from one of the top 500 universities in the world.
Have published articles or scientific books in distinguished publications in the field of specialization.
Have won a prestigious scientific award or a major research grant.

Artists and creatives: Artists and creatives who meet the following criteria may be eligible for the Golden Visa:

Have international recognition in the field of arts and culture.
Have won one or more international awards in the arts and culture field.
Have an extensive portfolio of original work in the arts and culture field.

It's important to note that the eligibility criteria may change occasionally, and additional requirements may be imposed depending on the applicant's specific circumstances.

What is a Golden Visa in UAE?

The Golden Visa in the UAE is a long-term residency visa program introduced in 2019 that allows foreign nationals to reside in the country for up to 5 or 10 years. The visa program is designed to attract and retain talented and wealthy individuals, investors, entrepreneurs, and professionals who can contribute to the UAE's economy and society.

The Golden Visa program offers various benefits to its holders, including the ability to:

Reside in the UAE for a longer period without the need for frequent visa renewals.
Conduct business and invest in the UAE with greater ease and flexibility.
Sponsor family members for residency in the UAE.
Access various government services and facilities.
Enjoy the lifestyle and opportunities offered by the UAE.

The Golden Visa program has several categories, each with eligibility criteria and benefits. These categories include investors, entrepreneurs, highly skilled professionals, scientists and researchers, and artists and creatives.

It's important to note that the Golden Visa program is subject to certain terms and conditions, and applicants must meet the eligibility criteria and follow the application process to be considered for the visa.

Which Golden Visa is the cheapest?

The cost of obtaining a Golden Visa in the UAE varies depending on the category and duration of the visa. Generally, the cheapest Golden Visa category is the entrepreneur visa, as the minimum investment required is AED 500,000.

However, this investment amount is subject to change and may be higher depending on the applicant's circumstances.

It's important to note that additional costs are associated with the Golden Visa application, including processing fees, medical examinations, and other administrative fees.

The total cost of obtaining a Golden Visa may also vary depending on the applicant's specific situation and the duration of the visa.

It's recommended that applicants consult with a reputable immigration consultant or legal advisor to understand the full costs associated with obtaining a Golden Visa and with determining the best category for their specific circumstances.

Is UAE Golden Visa permanent?

The UAE Golden Visa program offers long-term residency visas valid for up to 5 or 10 years, depending on the visa category.

However, the visa is not considered permanent residency, and holders must renew their visas at the end of the validity period to continue residing in the UAE.

The renewal process for the Golden Visa program is generally straightforward, and holders can apply for renewal before the expiration of their visa.

The renewal process may require the submission of updated documentation and the payment of fees, and the specific requirements may vary depending on the visa category.

It's important to note that the Golden Visa program is subject to certain terms and conditions, and holders must comply with the rules and regulations of the program to maintain their eligibility for the visa.

What is the salary for Golden Visa?

The UAE Golden Visa program has no specific salary requirement for all categories. The eligibility criteria for each category of the Golden Visa program vary, and applicants must meet the specific requirements for the category they are applying for.

For example, the eligibility criteria for the investor visa category require applicants to invest a minimum amount in a qualifying investment in the UAE, while the eligibility criteria for the entrepreneur visa category require applicants to have a minimum investment in a new or existing business in the UAE.

The eligibility criteria for the highly skilled professionals category require applicants to have a certain level of education and professional experience.

The Golden Visa program is designed to attract and retain talented and wealthy individuals who can contribute to the UAE's economy and society. The program is not solely based on salary but on factors such as investment, skills, and expertise.