In recent years, the UAE has become an increasingly popular destination for expatriates looking to establish themselves in the region. One of the many benefits of living in the UAE is the Golden Visa program, which provides long-term residency to individuals who meet certain criteria. In this blog, we will discuss everything you need to know about the Golden Visa in the UAE.
What is a Golden Visa?
A Golden Visa is a long-term residency visa that allows individuals to live and work in the UAE for an extended period of time. It is designed to attract foreign investment and talent to the country and provides a range of benefits to those who qualify.
Who is Eligible for a Golden Visa?
The Golden Visa program is available to a variety of individuals, including:
1-Investors: Foreign investors who invest a minimum of AED 2 million in the UAE are eligible for a 10-year Golden Visa. The investment can be in the form of a deposit, real estate investment in Apartments, Villas, Commercial property, townhouses or business partnership.
2-Entrepreneurs: Entrepreneurs who own a business in the UAE with a minimum capital of AED 500,000 are eligible for a 5-year Golden Visa. The business must be innovative and contribute to the UAE's economy.
3-Specialised Talents: Individuals with specialized talents in the fields of science, medicine, engineering, and art are eligible for a 10-year Golden Visa. They must provide evidence of their exceptional talents and contributions to the UAE.
4-Researchers and Scientists: Researchers and scientists who work in UAE universities, research centers, and scientific institutions are eligible for a 10-year Golden Visa. They must provide evidence of their contributions to scientific research and development in the UAE.
5-Outstanding Students: Outstanding students with a minimum grade of 95% in public and private secondary schools are eligible for a 5-year Golden Visa. They must also be accepted into a UAE-based university with a minimum GPA of 3.5.
What are the Benefits of a Golden Visa?
The Golden Visa provides a range of benefits to individuals who qualify, including:
1-Residency: The Golden Visa provides long-term residency in the UAE, allowing individuals to live and work in the country without the need for a sponsor.
2-Freedom to Travel: Golden Visa holders have the freedom to travel in and out of the UAE without the need for additional visas.
3-Sponsorship: Golden Visa holders can sponsor their family members to join them in the UAE.
4-Business Opportunities: The Golden Visa provides individuals with the opportunity to invest in and establish businesses in the UAE.
5-Education: Golden Visa holders and their families are eligible for education and schooling in the UAE.
How to Apply for a Golden Visa?
Individuals can apply for a Golden Visa through the Federal Authority for Identity and Citizenship (FAIC). The application process varies depending on the category of the Golden Visa being applied for. The FAIC website provides detailed information on the application process, required documents, and fees for each category of the Golden Visa.
The Golden Visa program is a fantastic opportunity for individuals looking to establish themselves in the UAE. Whether you're an investor, entrepreneur, or talented individual, the Golden Visa provides a range of benefits that can help you succeed in the UAE. If you're interested in applying for a Golden Visa, be sure to visit the FAIC website for more information on the application process and eligibility criteria.
Government of Dubai