Golden Visa UAE

Ameliorating business ecosystem and increasing opportunities is what the UAE have been pioneers in. The UAE Golden Visa allows  foreigners to setup their business, live, work and study within the UAE without a local sponsor and retain 100% ownership of their business in UAE’s mainland. The UAE Golden Visa was implemented in 2019.

Benefits of 10 Year Visa UAE:

  • Long term residency in the UAE
  • Access to world class medical and healthcare facilities
  • Unique opportunity to settle in the GCC
  • Excellent schools and Universities
  • Abundant business opportunities
  • Travel to several countries visa-free
golden visa uae
Golden Visa in Dubai

Visas

Who all can get golden visa in UAE?

This is an extraordinary opportunity for experienced professionals across different industries to establish and expand effectively in the UAE. With the aim to enhance the business ecosystem in the UAE, Golden Visa can be granted to the following members:

The members of this category must have a minimum capital of AED 500,000 or have been approved by any UAE accredited business incubators Some accredited business incubators include AREA 2071, HUB71 etc. Entrepreneurs can be eligible for a 5-year residence Golden visa in the UAE with the permission to sponsor spouse, children, partner or executives.

This type of investors include individuals who have public investments of at least AED 10 million. Types of public investments could include investments in funds inside the UAE, or ownership of an established company with a capital of minimum AED 10 million. Investors included in this criteria are eligible for a 10 years Golden Visa. However, the investment amount cannot be loaned and must be held for a minimum of 3 years for the investor to be eligible.

The category involves investors with a property of a gross value of minimum AED 5 million and must be held for not less than three years. Investors are allowed a 5 year residence visa and are able to sponsor dependents for the same.

Members of this category can be doctors, researchers, or innovators who have produced creative or innovative solutions to benefit the people of this nation. Individuals could have contributions in accredited scientific research bodies or have received awards for their work. These individuals will receive a 10 years resident Golden Visa upon approval. To know more about the eligibility visit UAE Visa information and Services (link: https://u.ae/en/information-and-services/visa-and-emirates-id/residence-visa/long-term-residence-visas-in-the-uae)

Students will exceptional acumen and knowledge are eligible for Golden visa with a 5 year residency plan. Students must hold a minimum of 95% in any public or private school in the UAE or a GPA of 3.75 in Universities within the UAE or abroad.

Steps to get Golden Visa

How can I get golden visa in UAE?

Our consultants will simplify the procedures allowing you to attain the Golden Visa at your convenience. Follow the steps mentioned below or book a consultation with us at +971 (0) 55 865 4072
  • Discuss your visa requirements and documents
  • Start your application for nomination
  • Upon approval, upload necessary documents
  • Get verified by the Federal Authority for Identity and Citizenship
  • Receive your Golden Visa

 

For Further Information, Get In Touch

You can contact us on info@spiderbc.com or call us on +971 800 774337

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    The golden visa is a newly introduced long-term residence visa in the UAE. It enables foreigners to plan a life in the UAE without worrying about the immediate future. The primary target of the golden visa is to attract investors, entrepreneurs, and talented students to the UAE.

    The golden visas are issued for 5 or 10 years, depending on which you applied for. They have renewed automatically after this period and that is why it is so attractive to foreigners looking to start a business or study in the UAE.

    Previously, to get a long-term sponsor, foreigners needed a national sponsor. They also could not own 100% of a business in the mainland. However, after some amendments and additions of their existing laws and regulations, the UAE now allows 100% ownership of mainland business and residency with the golden visa. The need for national sponsors was a big obstacle which is now removed thanks to the golden visa.

    The requirements for the 5 years golden visa differ from the 10 years variant. The requirements also vary for entrepreneurs, investors, and students. However, if you meet the requirements then you can get the visas for your family members as well.

    With the golden visa, the government of the UAE has addressed that the people who are looking to make a living in the UAE have extra reason to feel secure about their future. As the government is focusing on the non-oil economy of the country, you can stay assured that this visa is not going anywhere anytime soon.

    The application process for the golden visa is straightforward. You are required to submit the required document and need to relocate to the UAE for the purpose by which you met the requirements of eligibility for the visa. Contact us if you would like to apply for the golden visa or would like to know more about it.

    As the UAE is changing the focus of its economy from the oil and gas industry, it is looking to attract wealthy and talented individuals from all around the world. Their main instrument to help attract these individuals for the long-term is the golden visa. They are classifying these individuals as investors, entrepreneurs, and students.

    So, in short, you can obtain the golden visa if you are an investor, an entrepreneur, or a student. But that does not mean any self-classified investor, entrepreneur, or student can obtain the golden visa. They have set a few criteria for each of these groups that you need to match before you can obtain this visa. The monetary requirements for the 5 years visa are exactly half of the requirements for the 10 years visa. These requirements for the 10 years golden visa are listed below:

    Investor:

    • Have a deposit in an investment fund in the UAE of the value of at least AED 10 million.
    • Partner or own shares of a new or existing company in the UAE with a value of at least AED 10 million.
    • Own a company in the UAE with a capital of at least AED 10 million.
    • Have a combination of the above requirements total to at least AED 10 million.
    • The investment should be retainable for at least 3 years in the UAE, and the invested amount must not be loaned.

    Entrepreneur:

  • Have an existing project in the UAE that has a minimum capital of at least AED 500,000.
  • Have an approved accredited business incubator in the UAE.
  • If the requirements are met, golden visas can be obtained for the spouse and children of the entrepreneur, as well as for three executives or employees of the business.
  • Students:

  • Have a minimum grade of at least 95 percent in public and private high/secondary school in their respective countries.
  • If the student is a university graduate, they need to have a GPA of at least 3.75 during graduation.
  • If the student meets the requirements, then the immediate family members of the student can obtain the golden visa as well.
  • Individuals with talent in the field of science and arts can also obtain the golden visa upon inspection by the Emirates Scientists Council or the Ministry of Culture and Youth. Documented patents or published scientific research will greatly increase the likelihood of obtaining the visa.

    The government of the UAE has set some requirements that you need to meet in order to apply for the golden visa as an investor. There are two categories of the golden visa, and each has different requirements that you need to meet as an investor in the UAE.

    There is the 5 years visa and the 10 years visa. If you meet the requirements for the 10 years visa, then you will meet the requirements for the 5 years visa as well. However, if you can apply for the 10 years visa, then you have no reason to go for the 5 years visa other than financial obligations.

    Requirements for the 5 Years Golden Visa:

    • You must have public investments worth at least AED 5 million in the UAE.
    • You may have a deposit in an investment fund worth at least AED 5 million in the UAE.
    • You may have a company with a capital of at least AED 5 million in the UAE.
    • You may partner or own shares of a value of at least AED 5 million in the UAE.
    • You can have a combination of any of the above totals to at least AED 5 million inside the country.
    • The investment, capital, and/or property must be retainable for at least 3 years.
    • The amount invested in the UAE must not be on a loan basis.

    Requirements for the 10 Years Golden Visa:

    • You must have public investments worth at least AED 10 million in the UAE.
    • You may have a deposit in an investment fund worth at least AED 10 million in the UAE.
    • You may have a company with a capital of at least AED 10 million in the UAE.
    • You may partner or own shares of a value of at least AED 10 million in the UAE.
    • You can have a combination of any of the above totals to at least AED 10 million inside the country.
    • The investment, capital, and/or property must be retainable for at least 3 years.
    • The amount invested in the UAE must not be on a loan basis.

    If you meet the requirements for the golden visa, then your spouse, children, one executive director, and one advisor can apply for the golden visa with you as well.

    The government of the UAE has released two types of golden visas to attract investors, entrepreneurs, and talented people from all over the world. They are the 5 years golden visa UAE and the 10 years golden visa. Both of these visas cost a different amount and on top of that, there are different hidden costs depending on how you meet the requirements for the visa.

    The upfront cost of the 5 years UAE golden visa is AED 650, of which AED 150 is the application fee and AED 500 is the issuance fee. The 10 years visa costs AED 1150, of which AED 150 is the application fee and AED 1000 is the issuance fee.

    To be eligible for applying for these visas you will have to meet a few milestones. These milestones will depend on whether you are an investor, an entrepreneur, or a student.

    • If you are applying as an investor, then you need to have at least AED 10 million or AED 5 million invested in the UAE. For the 10 years UAE visa you need to invest AED 10 million, and for the 5 years visa you need to invest AED 5 million. These can be invested in public investment, investment funds, shares, or any business. The invested amount should not be on a loaned basis.

    • If you are applying as an entrepreneur, then you need to have a project with a capital of at least AED 500,000 in the UAE. Your business must have the necessary approvals from the respective authorities. You also need to have health insurance to be applicable for this visa.

    • If you are applying as a student, then you need to have the necessary qualifications. You also need to be able to pay for the institution if you do not have a scholarship.

    • If you meet the requirements for the UAE golden visa, then you can also get the visa for your spouse and children. In the case of the student, you can get the visas for your parents as well.