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What is the UAE Golden Visa?
The UAE Golden Visa Dubai program, introduced in 2019, provides up to 10 years of residency for various groups including investors, entrepreneurs, outstanding students, and other specialized talents. This visa enables them to live, work, and study in the UAE independently and own their businesses on the mainland without a local sponsor.
Since October 2022, the UAE Resident Scheme has been updated to simplify access to Dubai’s Golden Residence Visa for more professionals. The program now includes experts, specialists, and those with exceptional skills.
Recognized for exceptional services during crises with appropriate endorsements
UAE Golden Visa Requirements
As per UAE Govt Portal, the requirements for obtaining a Golden Visa, including necessary documents and eligibility criteria, differ depending on the applicant’s category:
Investors
The UAE offers a unique renewable residency program for investors seeking a stable, long-term base without a local sponsor. It requires meeting specific financial thresholds to show significant investment and commitment to the UAE’s economy.
Requirements for Investors
Public Sector Investors:
Investing in a UAE-accredited investment fund can qualify you for a 10-year Golden Visa.
To be eligible, you must:
Submit a letter from the investment fund showing a deposit of at least AED two million, or
Provide a commercial or industrial license and a memorandum of association confirming your capital is at least AED two million,
Provide a letter from the Federal Tax Authority verifying annual payments to the government of at least AED 250,000.
Fully own the invested capital, which cannot be financed through a loan.
Show proof of medical insurance for yourself and any family members.
Real Estate Investors:
Investing in real estate within the UAE may qualify you for a 5-year Golden Visa, renewable under the same terms.
To be eligible, you must:
Provide a letter from the land department of the respective emirate, confirming ownership of one or more properties with a total value of no less than AED two million, or
Purchase property with a loan from specific local banks approved by the competent local authority.
Entrepreneurs
Entrepreneurs leading innovative and future-oriented economic projects can obtain a renewable 5-year residency.
Requirements for Entrepreneurs
A letter from a UAE auditor confirming the project value is at least 500,000 dirhams.
Approval from emirate authorities verifying the project’s technical or futuristic nature.
Endorsement from a UAE-accredited business incubator for the proposed activity.
Specialized Talent
A 10-year visa is available to individuals with outstanding specialized talents in fields such as medicine, science, culture, art, invention, executive leadership, athletics, and various scientific and engineering disciplines. Eligible engineering and science fields include epidemiology, virology, artificial intelligence, big data, and various branches of engineering like computer, electronic, software, electrical, and genetic biotechnology. Applicants must meet specific criteria for each category to qualify.
Requirements for Skilled Professionals
Doctors and Scientists:
Doctors: An approval letter from the UAE Ministry of Health and Prevention to practice medicine.
A recommendation letter from the Ministry of Economy confirming that your patent adds value to the country’s economy.
Artists:
Approval from the respective emirate’s Department of Culture and Arts.
Executive Directors:
An accredited university degree (minimum bachelor’s level) from the Ministry of Education.
A letter of experience showing at least 5 years in the same position.
A salary certificate showing a minimum salary of AED 50,000.
A valid work contract.
Athletes:
A recommendation letter from the General Sports Authority or a sports council.
Engineers and Other Specialists:
A certified copy of your Bachelor’s or Master’s degree from the Ministry of Education and a work contract.
Humanitarian Pioneers
If you lead in humanitarian efforts, you could qualify for a 10-year Golden Visa. This includes frontline heroes like nurses, medical assistants, lab technicians, and pharmacologists who showed exceptional dedication during crises such as the COVID-19 pandemic.
Requirements for Humanitarians
Members and outstanding employees with at least five years of service in international and regional organizations.
Members and outstanding employees with at least five years at civil associations and institutions of public interest.
Individuals who have received an appreciation award from organizations focusing on humanitarian work.
Funders of humanitarian work who have contributed a minimum of two million UAE dirhams.
Frontline Heroes requires a recommendation from a competent authority.
Outstanding Students
High school students who are national-level toppers with a minimum of 95% in secondary school can get a 5-year residency. Outstanding university students may qualify for a 10-year residency, both without a sponsor.
Requirements for Students
High School Students:
A recommendation letter from the Ministry of Education (Emirates Schools Establishment).
University Students:
Their university is rated either A or B class by the Ministry of Education.
They submit a recommendation letter from the university, an accredited graduation certificate, or an academic record showing a cumulative GPA of at least 3.5 for A class or 3.8 for B class universities.
They graduated no more than 2 years ago.
Students from foreign universities in the global top 100, as recognized by the Ministry of Education, also qualify for a 10-year visa if:
Their cumulative GPA is at least 3.5.
They graduated within the last two years.
They provide a graduation certificate accredited by the Ministry of Education.
How to Apply for a Golden Visa in the UAE
Applying for a Golden Visa in the UAE involves three main steps:
Apply for Nomination: The first step is to apply for a nomination through the Department of Economic Development (DED) or a government-approved free zone.
Upload Documents: After receiving your nomination, upload your documents to the DED or Free Zone.
Receive Visa: Once your documents are reviewed and your application is approved, you will receive your Golden Visa.
Required Documents
Passport copy
Residence visa copy
Educational certificates
Employment certificate (for business owners)
Business registration documents (for business owners)
Financial statements (for business owners)
Please note the required documents for the Golden Visa application vary by visa category and individual circumstances.
Increase your chances of success by reaching out to us!
The Golden Visa processing fee is 2,800 AED for most categories, except investors in land or the public sector. Additional costs include a medical exam (approximately 1,000 AED) and the Emirates ID fee.
5-Year Visa Cost
The starting cost for a 5 year Golden Visa is AED 2,800, but it may vary based on visa type and additional fees.
10-Year Visa Cost
The starting cost for a 10 year Golden Visa is AED 6,000, but it may vary based on visa type and additional fees.
Golden Visa Consultants in Dubai
How Riz & Mona Consultancy Can Help?
Riz & Mona Consultancy is renowned as one of the top business setup consultants in Dubai, with over 15 years of experience facilitating a wide range of businesses throughout the UAE. Our deep connections with government officials and key authorities, combined with our extensive expertise in consultancy, streamline the process of establishing your business in Dubai. Additionally, we offer comprehensive financial, legal, and corporate services to support our clients throughout their business endeavors.
We are here to provide comprehensive support for your Golden Visa application, from preparing your documents to completing the process. Connect with us now to begin your journey with a FREE consultation!
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