Dubai Golden Visa

Golden Visa is an immigration program that enables affluent people to get a residence permit or even citizenship in another country by making a significant donation or an investment or purchasing a house there. Property prices are usually in the millions in various countries, and investment opportunities differ.

The UAE's Golden Visa program grants foreign citizens a 10-year residency permit and enables them to reside, work or study there. Its purpose is to entice international investment and expertise to the UAE. Holders may live and work there, have access to world-class healthcare and education, and sponsor family members for residency permits, among other advantages.
The most potential applicants for this route are investors, entrepreneurs, eminent scientists, gifted students, humanitarians, and frontline heroes. To get a Golden Visa, investors must either invest in the UAE or purchase a house there.

Benefits of UAE’s Golden Visa

• The Golden Visa authorizes international citizens to live, study, work, and do business in the UAE.
• In addition to being a six-month entry visa, it also permits the issuing of residency permits and multiple entries.
• The holder of the visa receives a ten-year renewable residence visa.
• Visa holders could have the liberty to exit the UAE for as long as they choose without having their visas revoked.
• The holder of the visa would not require any sponsorship, but they are permitted to sponsor as many domestic helpers as they want.
• In case the original holder of the Golden Visa passes away, the family members of the visa holder may remain in the UAE until the expiration of their permit.
• The visa holder may sponsor members of their family, including spouses and children, regardless of the age of the family members.

Golden Visa Requirements

The eligibility for a Golden Visa is dependent on a variety of factors:

Investors in public investment

You could be issued a Golden Visa without a sponsor for 10 years if you contribute to an investment fund, provided that you meet the following requirements:

• Submission of a letter from a UAE-accredited investment fund confirming the investor's AED 2 million deposit.
• Submitting a memorandum of association declaring that the investor's capital is not below AED 2 million and a valid commercial or industrial license.
• Submitting a letter from the Federal Tax Authority confirming that the investor pays the Government at least AED 250,000 a year.
• The invested capital must be fully owned by the investor and cannot be a loan.
• The investor is required to show proof of personal and family health insurance.

Real estate investors

If you own single or multiple properties, you may be issued a Golden Visa for five years which can be renewed on the same terms, without the need for a sponsor, subject to the following conditions:

• An applicant must provide a letter from the relevant UAE land department confirming ownership of at least one property valued at AED 2 million or more.
• Acquisition of a property by means of a loan from one or more authorized local banks.

Entrepreneurs

If you're an entrepreneur and have a technological or long-term economic initiative that involves risk and innovation, you may be eligible for a Golden Visa that is valid for 5 years. You would also need:

• An auditor in the UAE stipulates that you own or are a shareholder in a startup that is listed in the UAE under the small and medium businesses category, and the registered company must produce annual revenues of at least AED 500,000.
• An individual would be considered qualified to acquire the Golden Visa in this category if they receive clearance for a startup idea from an official public incubator, the Ministry of Economy, or a competent municipal government.
• The UAE Golden Visa is offered to businesspeople who founded or were one of the founders of a prior venture that sold for at least AED 7 million in total. Projects or concepts in this category must have the Ministry of Economy's or the appropriate municipal authorities' approval.

Creative figures in the arts & cultural fields

• A letter of authorization from the relevant UAE department of culture and the arts.

Scientists  & doctors

• A letter from the Mohammed bin Rashid Medal for Scientific Excellence Secretariat or an endorsement from the Emirates Council of Scientists certifying that the candidate has been given the Medal for Scientific Excellence (for scientists).
• A letter of approval from UAE's Ministry of Health and Prevention to practice medicine (for doctors).

Outstanding specialized talents

Outstanding specialized talents would include:

• Inventors.
• Executives.
• Specialists in scientific fields.
• Athletes.
• Doctoral degree holders.
• Specialists in the fields of engineering and science.

Outstanding students

You may be granted a Golden Visa for five years without a sponsor if you're a high school student and a national-level top student with a minimum grade of 95% in public or private secondary school, provided you submit a letter of reference from the Ministry of Education.

If a student is registered in a program or college in the country that calls for a study time of more than five years, their visa's validity may be extended.

University students

If you are a top-notch college student, you may be issued a Golden Visa for 10 years without the need for a sponsor if you meet the following requirements:

• A or B class rating from the Ministry of Education is required for the university.
• A letter of reference from the school, a recognized graduation certificate, or a certified academic record attesting to the student's cumulative GPA, which must be at least 3.5 for A-class institutions and 3.8 for B-class institutions.
• The application must be submitted no later than two years after graduation.

Outstanding international university students may be offered a 10-year Golden Visa without a sponsor if they meet the following requirements:

• The university must be included among the top 100 universities in the world by the rating system approved by the Ministry of Education.
• The student must have a minimum cumulative GPA of 3.5.
• The application must be submitted no later than two years after graduation.
• The Ministry of Education must approve the graduation certificate.

Humanitarian pioneers

According to the UAE Government, the new Golden Visa regulations also apply to humanitarian pioneers. For instance, prominent members in regional and worldwide organizations, exceptional contributors to nonprofit organizations, winners of honors for humanitarian work, and renowned donors and supporters of humanitarian causes.

Frontline heroes

• With a referral from a qualified authority, frontline heroes who demonstrated great effort in emergencies like the COVID-19 pandemic may also be granted the Golden Visa.
• Nurses, medical assistants, lab technicians, pharmacologists, and other cadres recognized by the Frontline Heroes Office are examples of frontline heroes.

Exceptional talents

Top talents in important disciplines will be awarded the UAE's Golden Visa. It includes gifted people in the arts, sports, digital technology, and other important disciplines, but only with the advice or permission of a federal or local government organization.

Regardless of educational background, career situation, gross monthly income, or amount of experience, it will only be given based on one's talent.

Conclusion

The Golden Visa was implemented to promote the UAE as a location for commercial investment and to promote regional economic growth. People from all over the world who want to visit the UAE for business, jobs, or other reasons can now easily obtain the Golden Visa provided they match the criteria. The Golden Visa is a way to acknowledge and reward them for their contributions by providing them with a long-term visa that is valid for 10 years and can be renewed.


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