The United Arab Emirates (UAE) has positioned itself as a financial hub, offering enticing opportunities and modern infrastructure. Direct real estate investment and a straightforward work visa process make it an ideal choice for wealthy investors and migrants. The UAE introduces the Golden Visa, a long-term residence permit allowing foreign talents exclusive benefits for living, working, or studying in the country.
Eligible candidates for the Golden Visa include investors, entrepreneurs, scientists, outstanding students, graduates, humanitarian pioneers, and frontline heroes. The benefits for Golden Visa holders are:
- An entry visa for six months with multiple entries leading to the issuance of a long-term, renewable residence visa valid for 5 or 10 years.
- No need for a sponsor.
- The flexibility to stay outside the UAE for more extended periods to keep the residence visa valid.
- The ability to sponsor family members, including spouses and children of any age.
- The option to sponsor an unlimited number of domestic helpers.
- In case the primary Golden Visa holder passes away, family members can stay in the UAE until the end of their permit duration.
Golden Visa Requirements:
The requirements vary based on the type of residence:
Investors in Public Investments:
- A letter from an accredited investment fund in the UAE indicating a deposit of AED two million.
- A valid commercial or industrial license with a memorandum of association stating the investor’s capital is not less than AED two million.
- A letter from the Federal Tax Authority stating an annual payment to the government of at least AED 250,000.
Real Estate Investors:
- A letter from the land department stating ownership of properties valued at not less than AED two million.
- Property purchase with a loan from specific local banks approved by the competent local entity.
Entrepreneurs:
- Ownership of an economic project of a technical or future nature based on risk and innovation.
- Approval letters from an auditor, authorities in the emirate, and an accredited business incubator in the UAE.
Outstanding Specialized Talents:
- Professionals in fields like medicine, science, culture, arts, invention, executive roles, and scientific expertise.
- Golden Visa for 10 years after meeting specified requirements.
The Golden Visa positions the UAE as an attractive destination for individuals seeking long-term residency with exclusive privileges.
