The UAE golden visa is a long term residence visa offered to investors, entrepreneurs, talented people and researchers in the field of art, culture, science as well as students with promising academic performance. This new visa scheme allows foreigners to live, work or study in the UAE without the need of a local sponsor and 100% foreign-owned businesses. The golden visa can be issued for 5 or 10 years and it can be renewed as long as the requirements are met.
Who can apply for a UAE Golden visa
The criteria for applying for the Golden visa UAE varies based on the visa duration. 10-year visas are open to investors and people with specialised talents, while 5-year visas are open to investors, entrepreneurs and outstanding students.
10- year golden visa eligibility requirement
- Having no less than AED 10 million worth of public investment, either in the form of an investment fund or a company
- At least 60 percent of the total investment must NOT be in the form of real estate
- The invested amount must not be loaned, or in the case of assets, investors must assume full ownership
- The investor must be able to retain the investment for a minimum of three years
This 10-year long visa may be extended to include business partners, providing that each partner contributes AED 10 million. The long-term visa can also include the holder’s spouse and children, as well as one executive director and one advisor. This visa may also be renewed.
2. Individuals with specialized talents
The individuals listed under the specialized talents category includes doctors, researchers, scientists, investors and artists. These individuals may be granted a 10-year visa following accreditations granted by their respective departments and fields. The visa also extends to their spouses and children.
3. High school Toppers
Now the golden visa will be issued to high school toppers and their families as a part of UAE’s effort to create a supportive environment for exceptional talents and encourage them to be a part of future development programs.
Students who have obtained an excellent grade or an average of at least 95 percent in the general secondary certificates or private schools can apply.
5-year golden visa eligibility requirements
1. Real estate investors
The requirements for the 5-year visa are largely similar to those of the general investor. The only difference being the amount of investment required is set at AED 5 million. The visa also extends to their dependents.
Entrepreneurs are open to gain a 5-year residency visa in the UAE. The eligibility requirements extend to having an existing project with a minimum capital of AED 500,000, or those who have the approval of an accredited business incubator in the country.
Entrepreneurs are allowed a multi-entry visa for six months, renewable for another six months. The long-term visa includes the spouse and children, a partner and three executives.
3. Outstanding students
Exceptional high school and university students are eligible for a 5-year residency visa in the UAE. High school students who rank top in the country (a minimum grade of 95 percent) and students from certain universities with a GPA of 3.75 or higher upon graduation.
How to apply for UAE golden visa
Interested individuals may apply for it through an online platform. The candidates are required to submit necessary documents and be willing to relocate to the UAE in accordance with their business setup. As an experienced business setup consultant in Dubai, Decisive Zone will provide you with the guidance to get your UAE golden visa hassle-free.
Contact us to get the latest information and guidelines on long term residency visas in the UAE. For a free consultation call us at +971 4 584 7332 or mail at [email protected]