UAE Golden visa is a long-term and longstanding residency visa for talented and special individuals like specialized students, investors, Business owners, enterprisers and entrepreneurs, . Through this visa, the individuals are able to live, study or work in UAE for long time period without need of any support or sponsor in the UAE. The eligible individuals, who are seeking for stability and growth in such type of dynamic and modern land. They have a great opportunity for such journey to their success. They can apply for the UAE Golden visa as it will grant them various opportunities in long period of stay in UAE.
UAE offers so many visas like Residency visa, Student visa, Work visa, Freelance visa and many more. Each visa type has its own benefits, conditions and restrictions. UAE Golden visa is one of the best visa service offered by the UAE government, for talented and skilled foreigners to attract them to live, work and also invest there. Everyone dreams to obtain such visa because of its satisfaction and benefits. It comes with long time period of 5-10 years, depending on the applicant eligibility conditions and is automatically renewed on its specified date.
Golden Visa in UAE
The UAE introduced this visa in 2019, they also shared all requirements, costs, benefits and conditions for the such visa type. After 3 years of introducing the visa, they updated the visa and made some improvements that attracted the individuals to apply for the visa to obtain it. As they reduced the required investment amounts for investors, removed some restrictions and gave permissions in various cases. Only the talented, qualified and special individuals are eligible for the UAE Golden visa and they can apply for this visa to enjoy its benefits.
If you are an investor in UAE and want to get this visa then you must have to fulfil its requirements. The requirement to an investor for such visa before 2022 were, having worth of 5-10 Million AED that you have invested in the UAE market. But after 2022 update, they reduced the amount to 2 Million AED that you must have invested in the UAE market. After this update, many investors applied and got the Golden visa for themselves. If you meet the requirements, then you can also apply for the UAE Golden visa and there will be high chances of getting the visa in such condition.
Here in this article, we have shared all the process with step-to-step guide to obtain visa. The guide will cover all the requirements for Golden visa, eligibility conditions, necessary documents, benefits of such visa and applying procedure. If you want to obtain the such type of visa and are seeking for the original and authentic details, then you are at the right place. After reading all this comprehensive guide, you will understand everything about the visa. You must read before you start applying for the visa.
Benefits of UAE Golden Visa
UAE Golden visa is a long term residency with too much benefits and facilities. We have given some of these benefits in below here.
- Long-term Residency: It is a long term residency visa that means you can stay in UAE, for long time that can be typically from 5 to 10 years. In this long period you can achieve your goals by finding great opportunities. You will not face frequent renewals of visa and can just focus on the goals and achievements.
- Sponsor Yourself: For the such visa, you don’t need any type of support from others in UAE. If you are eligible for the such visa then you can stay in UAE without sponsor.
- Family Benefit: The UAE Golden visa also give benefit to your family as you can sponsor anyone of your family member. If your children are under 25, then they can stay in UAE under your visa.
- Extended Grace Period: Through this UAE Golden visa, you get an extended grace period up to six months. If your visa expires or get canalled by government, then you could still stay in UAE for six months from the date of visa cancellation or expiration.
- Business Opportunities: Through this visa you get many benefits in Business. You can do business in UAE, without requirement of any local individual’s partnership. You can own your business hundred percent through obtaining this visa.
- Facilities for Travelling: If you have the valid Golden visa then you can travel to UAE anytime. You can enter or exit UAE anytime for the traveling. You will not lose your residency anymore through this visa if you leave UAE. You can come back to UAE anytime during the valid time period of the UAE Golden Visa.
- Tax benefits: You can enjoy the tax benefits by keeping this visa. You will not be required to pay the personal income tax or capital gains tax in UAE. Such facility will give you the great advantage to your financial life for savings in UAE.
There are various other benefits that you get in return of obtaining UAE Golden Visa. Some of them are described above here. Here is further detail given in below, you must read.
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UAE Golden Visa Requirements
Meeting the conditions of such visa is compulsory to obtain it. You must check your eligibility criteria before you begin the process of application for the visa. If you seems to be eligible then you can begin the process to apply for visa. Application process for each type of individual is given. Here are the details of eligible individuals as given in following, must read to decide your eligibility.
1. Investors:
Requirements: You can get a Golden visa in UAE if you have invested more than 2 Million AED in an investment fund in the UAE. And if you have owned property worth of 2 Million AED in UAE. Then, you will be granted a UAE Golden visa as you fulfilled the eligibility criteria.
Compulsory Documents:
- Valid Passport copy
- Copy of UAE Residency visa
- Bank statements
- Property Title Deed that show ownership of property valued at AED 2 million or more.
- evidence of property in UAE
- Passport size photos
Application Process: For the application, you must take these steps described as following.
- Visit the ICP or GDRFA website to begin the process (For Dubai visit GDRFA and for other emirates except Dubai visit ICP)
- Done the application process according to your emirate by uploading the required documents
- Pay the visa fee for visa verification process
- Take the certificate from the Dubai Land department if your property is in Dubai
- Wai for the visa approval it may take 15-20 working days
- You will get the respond via E-mail, if your visa application is accepted
- If your visa application approves then you should procced for getting Emirate-ID and stamped passport as a proof of residency
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2. Entrepreneurs:
The individual applying for the visa must seem to be a part of the company or as owner of company. The company should be registered as small and medium enterprise (SME). The company must be generating annual revenue approximately more than 1 million AED. The business must be approved and recognized by the government incubator or accelerator. The entrepreneurs who sold the company up to 7 Million AED may also apply for the visa.
Application Process:
- Prepare all necessary documents that includes
- Trade License of your company
- Registration details of company by the Government
- Proof of ownership of company
- Proof of your company annual revenue ( Annual revenue should be more then 1 Million AED)
- Approval certificate by the incubator
- Go to ICP or GDRFA to apply for the visa
- Done the application by fulfilling their requirements
- Pay the fee
- Wait for the visa approval (it may take 3-4 weeks)
- If visa application approves go to register your Emirates-ID
3. Talented Students and Graduates:
High school students, University students and graduates can apply to obtain the visa for studying in the UAE. They must fulfil the criteria of golden visa. Students of high schools must have obtained the 95% marks or equivalent. Students of public or private school both can apply.
University students are required to be obtained the GPA more than 3.5. The students with low GPA than 3.5 aren’t eligible to apply for the visa. The students of top 100 universities globally are also eligible to apply for the visa. The graduates from these to universities can apply.
Application Process:
- Gather all these important documents
- Valid passport and UAE visa copy
- Certified transcripts showing your performance in institutions
- School, Academic and University Certificates
- Original transcripts showing GPA that should not be under 3.5
- Recommendation letter by the institutions
- Birth Certificate
- Passport sized photos
- Go to ICP or GDRFA website to apply
- Submit the application and upload the documents
- Await for the approval for visa for maximum 15 weeks
- You will be granted a Golden visa if you seem to be eligible
- After visa approval register your Emirates-ID
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4. Specialized Talents:
Specialized talent includes scientists, professionals, medical specialists, Engineers and creatives like artists and authors, who keep recognized expertise in their fields. Every talented, skilled and creative minded individual can apply for the visa but having expertise in the related field is compulsory. Medical specialists are required to be licensed and recognized in their field for being eligible for the UAE Golden Visa visa.
Engineers having expertise in Artificial intelligence AI, software engineering or in electronics can apply for visa. Must have proof, evidence and certified by the institutions. UAE Golden visa will be granted to them, who will seem to be skilled and recognized in his field.
For the application process, you should gather all the documents. you should prepare all the documents related to your degree and then go for further process. Application procedure will remain same only the documents will differ due to individual’s field. Submit the application and wait for the approval for visa. After approval register your Emirates-ID.
5. Humanitarian Pioneers:
The individuals who are the actively helping others and made the contributions for relief to others. And seem to be actively participating in relief programs to help deserving communities. They can apply for the such visa in UAE.
The individuals must be endorsed or officially recognized by a UAE humanitarian organization for their significant contributions to society to improve lives of deserving communities. The UAE will grant them a Golden visa for their achievements.
They must keep records and certificate of their achievements in their contributions to make others able to live their lives. During the application process you will need these important documents. Upload such documents and submit the application for approval. Await for the response and go for the Emirates ID registration after approval of visa.
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6. Frontline Heroes:
Doctors, Nurses, Scientists and other medical staff who play a great and important role in any type of emergencies like Covid-19. They have eligibility to apply for the visa and UAE will grant them such visa in return of their deeds.
Other individuals who showed dedication for the people and helped in such emergencies can also apply for the visa. the UAE will grant them such visa for their residency. The individual’s efforts and achievements must be certified and recognized by the authorities of the UAE so that the UAE will qualify them for the visa.
7. Teachers:
Teachers with high level qualification and rewarded by the recognized educational institutes can apply. They must have the master’s or Ph.D. degree for being eligible. The teachers must have the significant experience in teaching. The prior subjects for teaching experience are Sciences, technology, engineering mathematics and medical subjects.
Also the experience, skills, talent and teaching method matters. you must have to prove the abilities as the UAE wants more special talent through attracting them by the golden visa. UAE Golden visa for teachers will be granted for them who meet the eligibility criteria and fulfil the conditions.
Application Process: Process includes these simple steps as following here
- Gather all required documents such as
- Valid Visa/ passport
- certificates from the educational authorities
- Proof of awards for achievements
- Recommendation letter
- UAE Residency permit if have active visa status there
- Passport sized photos
- Apply through ICP or GDRFA
- Await for the visa approval
- After approval of visa get procced for the Emirates-ID registration
Golden Visa Dubai price in UAE
The costs would be different for each category. But it may approximately fall between 5000-8000 AED. The amount includes visa service fee, tests, documents expenses and Emirates-ID registration fees. It may reach to 10,000 AED in various conditions if you get the premium services.
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