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Who is Eligible for Golden Visa UAE and How to Get One
August 25, 2023
Since the program’s debut in 2019, hundreds of thousands of UAE citizens have received a golden visa UAE.
People who have made great contributions to the nation, possess highly sought-after abilities, or operate in vital sectors that are essential to economic growth are awarded 10-year resident permits.
In November, the General Directorate of Residency and Foreigners Affairs in Dubai reported that the emirate had granted more than 150,000 golden visas.
Golden visas UAE have been given to a wide range of persons, including exceptional students and students who received the highest grades in their final exams and medical professionals who were on the front lines during the Covid-19 pandemic.
How do golden visas work?
With the use of golden visas, foreigners can live, work, and study in the UAE without the need for a local sponsor and with full ownership of any businesses they establish on the country’s mainland.
As long as the recipient continues to comply with the terms of the visa, they may extend it for an additional ten years when it is about to expire. These visas are awarded for ten years.
Every two to three years, regular expatriate workers must renew their visas.
What criteria does the government use to determine who qualifies for a golden visa uae?
1. People with at least Dh10 million in public investments. The investment could take many different shapes, like:
- A minimum Dh10 million deposit in a domestic investment fund
- Establishing a business in the UAE with a minimum capital of Dh10 million
- Participation in a new or existing business with a minimum share value of Dh10m
- having a total investment of at least Dh10 million in each of the aforementioned categories, provided that not less than 60% of the total investment is made in industries other than real estate.
The holder’s spouse, kids, one executive director, and one adviser are all eligible for the golden visa. Business partners may also be added to it under the condition that each makes a contribution of Dh10m.
2. Individuals with unique talents
This comprises professionals in the medical and scientific sectors, such as experts, scientists, and innovators, as well as artists and other creatives in the fields of culture and the arts.
You are qualified if you have a degree or a patent, although the UAE’s government portal lists additional requirements for how the term “specialized talents” is defined.
All applicant groups must also possess an active job contract in a prioritized specialty field in the UAE.
How long does the process take to nominate an individual?
You will get an email informing you of the results of your nomination application within 30 days.
You will be sent a link to upload the necessary documents for the visa after your nomination has been approved.
The Federal Authority for Identity and Citizenship will verify your application within a few weeks following the submission of your supporting documents, at which point your visa will be issued.
You will be awarded a temporary one-month visa if you are already a resident of the UAE, and you must change it into a residency permit during this time.
Can I work in the UAE with my golden visa?
You require a legitimate job contract, work visa, or license in order to be able to work in the UAE.
However, the Ministry of Human Resources and Emiratization of the UAE has begun to grant work licenses to those who hold a golden residence.
These are necessary for both people who want to begin working for a specific employer after receiving their golden visa and those who intend to begin a new job with a different employer.
