UAE Golden Visa: Everything You Should Know
Have you ever thought of moving to the UAE in the long run? Many, in fact, dream of living a cosmopolitan life, especially in the heart of Dubai. The growing business prospects in the country are major factors to attract thousands of immigrants to the UAE each year.
To allow just this and more, the UAE Golden Visa was introduced back in 2019. Since then, many have benefitted and made the Golden Visa their ticket to fulfilling dreams. If you are looking for a long-term residence in the UAE, then here’s all you should know about UAE’s Golden Visa.
What is the Golden Visa?
If you are a foreigner, the Golden Visa will let you live, work, or study in the UAE without the assistance of a national sponsor. Issued for either a 5 or 10-year validity, the Golden Visa was specially planned to serve as a long-term residence visa. The best feature is that the Golden Visa gets renewed automatically as long as you continue to meet all requirements.
With the Golden Visa, the UAE Government is attempting to retain highly skilled and talented professionals in the country. So, both the nation as well as individuals get to benefit from it.
The Golden Visa is offered to investors, entrepreneurs, or researchers in the fields of science, art and culture who make exceptional contributions to the growth of the emirates. You could also claim the Golden Visa if you are an exceptional student with promising scientific capabilities.
What is the eligibility for the Golden Visa?
Usually, highly specialized individuals can seek the 10-year Golden Visa while investors, entrepreneurs and students are offered a Golden Visa with a 5-year duration. Thus, your application would largely depend on your background and why you are looking for a residence in the UAE.
- If you are an investor applying for a 10-year visa, you will need to have public investments worth at least AED 10 million. These funds could include investment funds, capital in a company in UAE or partnerships with companies. Similarly, for investors applying for a 5-year visa, the minimum investment amount is AED 5 million.
- Professionals and people with specialised skills such as doctors, scientists, inventors or artists need accreditation from authorised bodies. The Emirates Scientists Council or the Ministry of Culture and Youth recognise the special talents of such individuals supported by appropriate documentation or references.
- Entrepreneurs must be a part of an existing project with a minimum capital of AED 500,000 or must have the approval of an accredited business incubator in the country.
- For students to be eligible, they need a minimum grade of 95% and a grade point average of at least 3.75 upon graduation.
You must remember that these are the minimum requirement criteria. However, due to a large number of applicants, applications are likely to be studied on a case-by-case basis to select the best from the lot.
The Price of Getting a Golden Visa and Application Process
The application fee for UAE’s Golden Visa is AED 150. The cost of issuing the 5-year visa is AED 500. However, if you are applying for the 10-year Golden visa, you would pay an issuance fee of AED 1000.
If you believe you’re eligible for the Golden Visa, you can apply for it through the Federal Authority for Identity and Citizenship eChannels portal. Or you could also apply through the official website of the General Directorate of Residency and Foreigners Affairs. To further simplify the process, applications are made available on mobile apps and through several other offline channels.
Get Your Golden Ticket to the UAE & Build Your Career
By getting the Golden Visa, you benefit from better security and so do your family or spouse. Besides, you get recognised for your talents and get to stand out. Due to the one time fee, you also save on processing and renewal fees. Thus, getting a Golden Visa is a win-win situation for you.
If you think you have the capability required to secure this privileged visa, you shouldn’t miss out on the opportunity. Apply quickly online or find out more from team Marqueway. We assure to help you give your best shot at visa processing and guide you at each step!