To be eligible for a golden visa in Dubai, you must fit into a specified category. One of the finest for managers working in Dubai is the potential to apply for a golden visa if they meet the criteria of a company’s C-level employee. This is an excellent approach to show that the country is serious about giving the UAE’s skilled citizens all the privileges they need. Individuals will relish the opportunity to live and work in the UAE for a prolonged period of time as a result. Entrepreneurs will be able to recruit talented workers by establishing a business setup in Dubai, owing to the initiatives that the government is taking to make the desert a place of exceptional possibilities.
The United Arab Emirates (UAE) launched the Dubai Golden Visa Program as a means of luring in international capital and highly qualified workers. If you meet the criteria, you can apply for the “golden visa” program, which provides a path to permanent residency in the UAE.
C-level executive managers are one type of professional who is eligible for the golden visa. The Dubai Golden Visa Program for C-Level Executive Managers will be thoroughly discussed and summarized in this blog.
Who Is Considered A C-Level Executive Manager?
A C-level executive manager is a high-level executive who is responsible for managing the strategic direction and operations of a company. These executives hold senior positions such as CEO, COO, CFO, CMO, CTO, or CIO.
To be eligible for the Dubai golden visa program as a C-level executive manager, the individual must hold one of these senior positions and be employed by a company based in the UAE. The company must also meet certain requirements, which we will discuss in the next section.
What Are The Requirements For The Company To Sponsor A Golden Visa For A C-Level Executive Manager?
To sponsor a golden visa for a C-level executive manager, the company must meet the following requirements:
- The company must be registered and licensed in the UAE.
- The company must have been operating in the UAE for at least three years.
- The company must have a minimum annual turnover of AED 500 million ($136 million).
- The company must have a minimum of 50 employees.
- The company must have a physical office in the UAE.
If the company meets these requirements, it can apply to sponsor a golden visa for a C-level executive manager.
What Are The Benefits Of The Dubai Golden Visa For C-Level Executive Managers?
The Dubai Golden Visa provides an avenue to UAE permanent residency. This entails that the person and their family members are able to reside and work in the UAE indefinitely.
The following advantages are also offered by the golden visa:
No income tax: C-level executives can keep a larger portion of their pay because the UAE has no income tax.
Business-friendly environment: Dubai is renowned for its business-friendly environment, which gives C-level executive managers chances to advance both their companies and careers.
Access to quality healthcare: The UAE offers a high standard of healthcare, allowing C-level executives and their families access to top-quality medical treatment.
High standard of living: With top-notch amenities, infrastructure, and recreational opportunities, Dubai has an excellent standard of living.
What Are The Eligibility Criteria For The Dubai Golden Visa For C-Level Executive Managers?
The applicant must meet the following standards in order to be qualified for the Dubai Golden Visa as a C-level executive manager:
- The individual must hold a senior executive position in a company registered and licensed in the UAE.
- The individual must have a minimum salary of AED 50,000 ($13,600) per month.
- The individual must have a valid employment contract with the company.
- The individual must have a valid UAE residency visa at the time of application.
- The individual must have a valid passport with a minimum validity of six months.
How To Apply For The Dubai Golden Visa For C-Level Executive Managers?
For C-level senior managers to apply for a Dubai Golden Visa, the company must start the application procedure on their behalf.
The Procedures For Requesting A Golden Visa Are Listed Below:
Step 1: Obtain a letter of recommendation from the Dubai Chamber of Commerce and Industry
Obtaining a letter of reference from the Dubai Chamber of Commerce and Industry is the first step in the application process. The recommendation letter must attest to the C-level executive manager’s employment with a company that is duly registered and authorized in the UAE and is eligible to sponsor a golden visa.
The application form and this letter must be submitted together.
Step 2: Submit the application form and required documents to the General Directorate of Residency and Foreigners Affairs (GDRFA) in Dubai
The next step is to submit the application form and required documents to the GDRFA in Dubai.
The following documents are required for the application:
- Copy of the C-level executive manager’s passport and UAE residency visa
- Copy of the employment contract with the sponsoring company
- Copy of the company’s trade license
- Copy of the company’s audited financial statements for the past three years
- Copy of the C-level executive manager’s educational qualifications
- Copy of the C-level executive manager’s salary certificate, showing a minimum salary of AED 50,000 per month
Step 3: Pay the application fee
Each candidate must pay AED 2,500 ($680) to apply for a Dubai golden visa for C-level executives. This fee must be paid at the time of application.
Step 4: Wait for the application to be processed
The GDRFA will process the application when it has received the application form and the requisite documents. The processing period varies, but it usually takes approximately 30 days. During this stage, the GDRFA may seek further papers or information from the company or the C-level executive management.
Step 5: Receive the golden visa
The C-level executive manager will get the golden visa when the application is granted. This visa is valid for a period of ten years and can be renewed as long as the holder meets the qualifying requirements. The golden visa also permits the claimant to sponsor family members for residency in the UAE.
How Can It Be Simplified?
Applying for a “golden visa” can be difficult if you do not go through all of the procedures and prospects. A minor mistake could cost you a lot of time. So, it is preferable to seek advice from business consultants in Dubai. Up until you acquire your golden visa, they will help you save time and stress.
Marqueway has served as a beacon of hope for many people seeking a golden visa in the UAE. Since the introduction of the golden visa, we have had satisfied clients who are skilled managers, celebrities, and entrepreneurs. So, if you are a C-level manager who still hasn’t been approached for a golden visa in the UAE, now is your time! Have it right away with Marqueway!