How to apply for a golden visa 5 & 10 Year in UAE
UAE Golden Visa was implemented in 2019. Since then, the system has generated quite a buzz among expats who wish to secure permanent residency in the Emirates.
The UAE Golden Visa allows people from other countries to reside, work, setup business , and study in the UAE without having to partner with a local sponsor. Foreign investors and business owners are also allowed 100% ownership of their business within the UAE. The Golden Visa is issued for 5 to 10 years and is automatically renewed.
What does the Golden Visa actually offer?
The Golden Visa system essentially offers long-term residency (5 and 10 years) to people belonging to the following specified groups; investors, entrepreneurs, individuals with outstanding talents the likes of researchers, medical professionals and those within the scientific and knowledge fields, and remarkable students.
The General Directorate of Residency and Foreigners Affairs (GDRFA) in Dubai has begun implementing the recently announced 24×7 ‘You are Special‘ service. The service aims to assist Golden Visa holders, among others.
The main benefit would probably be security; through the issuance of the Golden Visa, the UAE government has made it clear that they are committed to providing expatriates, investors and essentially everyone looking to make the UAE their home an extra reason to feel secure about their future.
What are the requirements for the Golden Visa?
The requirements vary according to each group but are contingent on the individuals’ adherence to the terms and conditions under which the Golden Visa was granted.
10-year visa eligibility requirements
- Having no less than AED 10 million worth of public investment, either in the form of an investment fund or a company
- At least 60 percent of the total investment must NOT be in the form of real estate
- The invested amount must not be loaned, or in case of assets, investors must assume full ownership
- The investor must be able to retain the investment for a minimum of three years
This 10-year long visa may be extended to include business partners, providing that each partner contributes AED 10 million. The long-term visa can also include the holder’s spouse and children, as well as one executive director and one advisor. This visa may also be renewed.
Individuals with specialized talents
The individuals listed under the specialized talents category includes doctors, researchers, scientists, investors and artists. These individuals may be granted a 10-year visa following accreditations granted by their respective departments and fields. The visa also extends to their spouses and children.
The UAE will be granting doctors, the first line of defense, a long-term residency in “recognition of their efforts and sacrifices”.
All doctors licensed by the UAE health regulatory bodies can apply for the Golden Visa between July 2021 and September 2022 through the website. Dubai-licensed professionals may apply here. Seven centers affiliated to the Federal Authority for Identity and Citizenship have been established across the Emirates for doctors who wish to apply for the visa in person.
Coders of all nationalities and ages, irrespective of whether they are UAE residents or non-residents, can apply for the UAE Golden Visa through the Office of Artificial Intelligence in the UAE Government or the Federal Authority for Identity and Citizenship.
Application eligibility extends to:
- Distinguished experts and talents who achieved success in various areas of coding
- Those who work for pioneering international technological firms
- Graduates of software engineering, computer sciences, hardware engineering, information technology, artificial intelligence, data science, big data, and electrical engineering
The scheme has been launched in collaboration with Google, Microsoft, Amazon, Cisco, IBM, HPE, LinkedIn, Nvidia and Facebook.
5-year visa eligibility requirements
Real estate investors
The requirements for the 5-year visa are largely similar to those of the general investor. The only difference being the amount of investment required is set at AED 5 million. The visa also extends to their dependents.
Entrepreneurs are open to gain a 5-year residency visa in the UAE. The eligibility requirements extend to having an existing project with a minimum capital of AED 500,000, or those who have the approval of an accredited business incubator in the country.
Entrepreneurs are allowed a multi-entry visa for six months, renewable for another six months. The long-term visa includes the spouse and children, a partner and three executives.
Exceptional high school and university students are eligible for a 5-year residency visa in the UAE. High school students who rank top in the country (a minimum grade of 95 percent) and students from certain universities with a GPA of 3.75 or higher upon graduation.
The Golden Business Visa
In addition to the aforementioned, foreign nationals who are looking to set up their business in the UAE may also apply for permanent residency (5 years) through the Golden Business Visa scheme. To apply, simply follow the steps above by visiting the aforementioned electronic platform.
How do I apply for the UAE Golden Visa?
All interested individuals who would like to apply for the Golden Visa may do so by applying for the visa with Amazon documents clearing at the following uaeadc.com The process is quite straightforward with candidates required to submit the necessary documents and be willing to relocate to the UAE in accordance with their business venture.
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Golden Visa UAE Price?
A five-year UAE Golden Visa will cost you AED 650. AED 150 will be charged for application and AED 500 for issuance. The 10 year Golden Visa UAE will cost you AED 1,150. AED 150 will be charged for application cost and AED 1000 for issuance.