Since its debut, the UAE Golden visa has considerably been sought after by many expats abroad. However, not everyone qualifies to apply owing to the unique character and the incredibly severe qualifying conditions.
If you are interested in acquiring a Golden Visa in Dubai and would want help with the application process, Connect Services Middle East can assist you. Our team of professionals will assist you through each stage, ensuring that your application is filed properly.
This article will explain all you need to know about the UAE Golden visa, including what it is, how it works, and the criteria to receive one. We will discuss the following topics:
- What is the Golden visa in the UAE?
- Benefits of the UAE Golden visa
- Who may apply for a UAE Golden visa
- UAE Golden visa application criteria
- Working with Connect Services Middle East
What is the Golden visa in the UAE?
In 2019, the United Arab Emirates established a new scheme for long-term resident permits known as the Golden visa. Unlike other nations, the UAE Golden visa does not require the applicant to invest in real estate. The visa permits the bearer to live, work, and study in the UAE without a national sponsor. It is valid for five or 10 years and is renewed automatically.
Benefits of the UAE Golden visa
The Golden visa scheme essentially offers long-term residence to a small number of persons. By awarding the Golden visa, the UAE government has proved its commitment to provide expatriates interested in establishing the UAE their permanent abode with a feeling of security. The UAE Golden visa offers the bearer with the following benefits:
No need for local sponsors: The visa permits expats to live, study, and work in Dubai without the necessity for local sponsors. Additionally, it provides for 100 percent ownership of firms on the mainland.
Long-term residency: These visas are valid for five or 10 years and are automatically renewed. Hence, you will not have to re-apply for a visa at the time of expiration.
Travel convenience: Since the visa enables multiple entries, you may enter and depart the nation as frequently as you wish, thereby making travelling to and from the UAE simple.
Family visas: As a visa holder, your family members, including their wife, children, and parents, also acquire residence.
Gain work: You may apply for jobs and accept employment with any organisation. The method for recruiting and receiving a work permit is comparable for golden visa holders and other visa holders.
Who may apply for a UAE Golden visa and their requirements?
To take advantage of these Golden visa perks, you must first identify whether you are qualified for them. A foreign person may apply for a golden visa in one of five categories, including investors, top executives, unique talents (doctors, scientists, and programmers), entrepreneurs, and excellent students.
Investors
A foreign investor may apply for a ten-year golden visa if they match the following criteria:
• At least AED ten million in public investment (investment fund or a firm) (investment fund or a company).
• At the absolute least, 60 percent of total investment should not be in real estate.
• The investment should not be funded with a loan. The investor must own entire ownership of the assets.
• The investor must keep the investment for three years.
• The foreign investor has the option of extending this visa to business partners for Business Setup Dubai Mainland, but only if they contribute AED 10 million to the company.
Chief Executives
Executives may also apply for a 10 year golden visa if they match the following criteria:
• Have at least a bachelor’s degree
• Have a minimum of five years of experience in their profession
• Earn a salary of at least AED 30,000 in the UAE and have a legitimate work contract
Doctors
Doctors are eligible for a ten-year visa and must fulfil at least two of the following criteria:
• A PhD degree from one of the world’s top 500 institutions.
• Ten years of professional experience in the applicant’s area, as well as a Ph.D.
• An honorific in the applicant’s area of activity.
• Contribution to a major corpus of scientific study.
• Published papers or books in respected publications.
• Membership in a field-related organisation.
• Specialisation in critical industries for the UAE.
Scientists
Scientists may be issued a ten-year visa if their departments and areas have given them accreditations. To be eligible, they need to:
• Demonstrate that they have made a substantial contribution to their area of study.
• Receive an award or certificate of commendation in their field of competence.
Coders
Coders must fulfil the following conditions to be eligible for a golden visa:
• Exceptional experts and talents who have succeeded in a number of areas of coding.
• Those who work for cutting-edge worldwide technological firms.
• Graduates of software engineering, computer science, hardware engineering, information technology, artificial intelligence, data science, and big data.
Entrepreneurs
Entrepreneurs may apply for a five-year residence visa. The following conditions apply:
• Have an established project with a minimum capital investment of AED 500,000 or acquire authorization from an authorised business incubator.
• Approval of a government certified business Consultants dubai incubator.
• Documents pertaining to health insurance for them and their family.
Students
When it comes to outstanding students, they must satisfy one of the following criteria:
• Come from one of the world’s top 500 colleges.
Why Students in high school with a minimum grade point average of 95 percent and university students with outstanding marks (3.8 GPA or better) (3.8 GPA or higher).
UAE Golden visa application criteria
If you are qualified for a UAE golden visa, the following papers are required for its application:
- • Original Passport (valid for six months) (valid for six months).
- • Clear copy of the UAE resident visa cancellation paperwork (if applicable) (if applicable).
- • Original Emirates ID (if applicable) (if applicable).
- • Clear copy of UAE Tourist visa with entrance stamp (if not holding any UAE resident visa) (if not holding any UAE resident visa).
- • Clear coloured digital passport size picture with white backdrop.
- • Clear digital copy of 6 months personal bank statements.
- • IBAN (International Bank Account Number) (International Bank Account Number).
- • UAE Mobile Number.
Working with Connect Services Middle East
The Golden visa application procedure includes severe qualifying requirements and a comprehensive set of documentation and formalities that Connect Services Middle East can help you with. Our team of professionals will assist you through each stage and help construct a good profile for your application.
Connect Services Middle East is the oldest and most reputable business setup specialist in the United Arab Emirates. Since our foundation in 2010, we have helped over 44,000 entrepreneurs start and expand their companies. We specialised in giving timely, trustworthy, hassle-free, and professional service to help you establish a company.
Getting your company set up in Dubai is only the beginning. In addition, we offer a comprehensive variety of services, including tax preparation, legal assistance, and human resources management.
The benefits do not end there, though. Through our networking tool, Connect Services Middle East, every Connect Services Middle East customer gets access to a thriving community of like-minded company owners. This enables you to connect, network, and create critical contacts with the greater business community in your region.
Take advantage of our free consultations now to obtain impartial information on launching a company in the UAE. Our objective is to assist you discover the ideal match for your requirements.
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