The United Arab Emirates (UAE) has become an attractive destination for individuals seeking long-term residency through its Golden Visa program. The Golden Visa offers a pathway for foreigners to live, work, and invest in the UAE without a local sponsor. This comprehensive guide will walk you through the step-by-step process of applying for a golden visa in UAE. The UAE typically offers Golden Visas to investors, entrepreneurs, skilled professionals, and outstanding students.
UAE Golden Visa – Requirements and Eligibility
The UAE Golden Visa has specific requirements depending on the residence type and the applicant's role as an investor, entrepreneur, or individual with outstanding talents. The following outlines the detailed criteria for each category:
Investors in Public Investments
- Investors may qualify for a 10-year golden visa in Dubaiwithout a sponsor if they invest in an accredited investment fund. The conditions include:
- A confirmation from an investment fund accredited in UAE that at least the investor has deposited two million AED.
- Alternatively, a valid license (commercial or industrial) with a memorandum of association confirming that existence of minimum AED two million investor capital.
- Confirmation from the Federal Tax Authority of an annual payment of no less than AED 250,000 to the government.
- The invested capital must be owned outright, not obtained through a loan.
- Evidence of medical insurance coverage for the investor and their family, if applicable.
Investors in Real Estate
For a 5-year Golden Visa, investors in real estate must provide:
- A certificate from the land department confirming the investor owns properties valued at a minimum of AED 2 million.
- The option to purchase property through a loan from specific local banks approved by the competent local authority.
Entrepreneurs
Entrepreneurs may obtain a 5-year Golden Visa for owning a technical or future-oriented economic project based on risk and innovation. Requirements include:
- An approval letter from a UAE auditor stating the project's value is not less than AED 500,000.
- Confirmation from Emirate authorities that the project is of a technical or future nature.
- Endorsement letter issued by a qualified business incubator in the UAE to establish the proposed activity.
Outstanding Special Talent
Professionals and skilled individuals, including doctors, scientists, artists, executives, athletes, and those in engineering and science fields (such as artificial intelligence, big data, genetics, and biotech engineering), are eligible. COVID frontline heroes also qualify. Specific approvals and documents are required, and details can be obtained from relevant authorities.
Application Process
Applicants apply for a golden visa in UAE through either the Federal Authority for Identity and Citizenship (ICA) or the General Directorate of Residency and Foreigners Affairs (GDRFA). ICA applications are online-only, while GDRFA allows both online and offline submissions.
Conclusion
The Golden Visa in the UAE provides an excellent opportunity for individuals seeking long-term residency in a dynamic and prosperous country. You can make your journey toward securing your Golden Visa in the UAE by understanding fully the eligibility criteria, choosing the right category, and following the application process diligently. Keep in mind that immigration policies and golden visa fees in UAE may change, so it's crucial to check for updates and consult with relevant authorities for the latest information.
For a hassle-free Golden Visa application in the UAE, once can also consider leveraging professional services. Docman, a trusted brand in visa assistance, offers expertise in navigating the application intricacies. With Docman by your side, you ensure a seamless journey towards securing your long-term UAE residency.
