How to Apply for a Golden Visa in UAE?

The Golden Visa in the UAE allows permanent residency for people who are eligible to apply for it. Since the UAE has become an attraction for investors, businessmen, and talents from all over the world, a solution was needed to ensure these people can permanently live and work here. This is where the golden visa comes in to further boost the UAE’s reputation as one of the most ideal places in the world for business and investment.

The golden visa in UAE allows up to 10 years of residency after which it can be easily renewed. Additionally, it has another 5 years variant for those who do not have long-term plans for 10 years. Furthermore, 7 categories of people are eligible for this visa. This means that you do not necessarily have to be a businessman or an investor to be able to apply for a golden visa in the UAE.

What is the Golden Visa in UAE?

In short, the golden visa is a long-term residency visa for foreigners who are willing to permanently move to the UAE. Additionally, people ranging from businessmen to students can apply for a golden visa in the UAE. After they have obtained their golden visa, they can live, work, and study in the UAE for up to 10 years, after which they can easily renew the visa considering they still meet the criteria.

golden visa uae
Golden Visa in Dubai

Golden Visa UAE Application

Who is Eligible for the UAE Golden Visa?

Before you can apply for a uae golden visa, you have to meet the criteria for at least one of these seven categories. If you meet the criteria for multiple of these categories, then you can apply to anyone of them to receive your license. Here are the people who can apply for the golden visa in UAE:

Entrepreneurs and business owners can obtain the golden visa in UAE if they meet at least one of these requirements:

  • Partner or own a start-up that is registered as a small and medium enterprise (SME) in the UAE and generates annual revenue of at least AED 1 million through that company.
  • Obtain approval for a start-up idea from an official business incubator, the Ministry of Economy, or any other competent local authorities like the free zone authorities.
  • Sell an entrepreneurial project for at least AED 7 million.

Real Estate investors can apply for the golden visa after they have fulfilled one of these requirements:

  • Purchase of property worth at least AED 2 million
  • Purchase of a property with a loan taken from specific local banks in the UAE
  • Purchase of one or more off-plan properties worth at least 2 million from approved real estate companies in the UAE.

With a recommendation or approval from a federal or local government entity, exceptional talents can obtain a golden visa as well. They have to be inventors, talents, and innovators in vital fields including culture, sports, digital technology, and arts. Educational qualifications, monthly salary, professional qualifications, or employment status are not required for this criteria.

Scientists and researchers with high influence or distinguished achievement in their field can apply for the golden visa with a recommendation from the Emirates Scientists Council. Professional or skilled workers with the required educational and professional qualifications and experience can also apply for the golden visa. They need to have:

  • A valid employment contract in the UAE.
  • A bachelor’s degree or equivalent qualification.
  • A monthly salary of at least AED 30,000.
  • First or second occupational level as per the classification of the Ministry of Human Resources and Emiratization.

Distinguished humanitarian pioneers who are recognized by various organizations and the media can also apply for a golden visa. Here are the people who are eligible for this category:

  • Distinguished members of recognized international and regional organizations.
  • Outstanding members of associations of public benefits.
  • Recipients of recognition awards in humanitarian fields.
  • Distinguished volunteers and sponsors of humanitarian efforts.

frontline heroes including workers who have shown extraordinary efforts during crisis situations including the COVID-19 pandemic are eligible for the golden visa in UAE. Additionally, all doctors and nurses licensed by the UAE health regulatory bodies can apply for the Golden Visa.

Students and graduates with outstanding performance in their studies can apply for a golden visa in UAE. They have to form one of the universities in the UAE or among the best 100 universities in the world. Academic performance, university classification, and year of graduation will be taken into consideration.

Steps to get Golden Visa

Benefits of the Golden Visa in UAE

Besides the benefit of long-term residency, there are many benefits of obtaining a golden visa in the UAE. Here are the benefits of obtaining a golden visa in the UAE:
  • You can sponsor the visas of your close family members like spouses, parents, children, and domestic workers so that they can move to the UAE and live with you.
  • You will receive an entry visa which will be valid for six months so that you can complete the golden visa application process.
  • The entry visa will allow you to enter the UAE multiple time, so you gain a lot of flexibility.
  • You can stay outside of the UAE for more than six months and your residency visa will still remain valid.
  • You will receive a long-term residency visa and will no longer need a sponsored employment visa.
  • If you are starting a business, then you can sponsor a specific number of visas for your employees depending on the size of your business.

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What are Criteria for the Golden Visa in UAE?

As we have mentioned before, there are a few categories of people who can apply for the UAE Golden Visa. And there are the 5 years golden visa and the 10 years golden visa. The requirements for the 5 years golden visa are exactly half of the requirements for the 10 years golden visa. For example, an investor needs to invest 10 million AED in the UAE for the 10 years visa and 5 million AED for the 5 years visa.

Criteria to Get Golden Visa UAE for Foreign Investors:

  • As an investor, you must have an investment of at least AED 10 million in the form of public investment.
  • The investment must be either in a company or in an investment fund.
  • A minimum of 60% of the investment cannot be in the form of property or land.
  • The invested amount should not be loaned or borrowed in any way.
  • You need to provide adequate proof about the investment when it comes to ownership of the asset.
  • The investment should be retainable for at least three years.
  • As an investor, you and your family members must have health insurance and the necessary health insurance documents.
  • If you own a business with several partners as an investor, then each of the partners must have an investment of at least AED 10 million as well. The golden visa can be inclusive of the investor’s family members, one executive director, and one advisor of the investor.

Criteria to Get UAE Golden Visa for Entrepreneurs:

  • As an entrepreneur, you must have a business or company with a minimum capital of AED 500,000.
  • The business or company must be an officially recognized business or start-up in the country. To be officially recognized it must have a DED-approved business trade license.
  • As the entrepreneur, you and all your family members must have health insurance and health insurance documents.
  • The golden visa will include your family members, one business partner, and up to three executives.

Criteria to Get Golden Visa UAE for students

  • The student or highly skilled professional can also apply if they hold an award or certificate in their area of expertise.
  • The golden visa can be obtained by any scientist who has made a significant contribution in their area of study.
  • Any medical professional with 20 years of experience in their particular field can apply for the license.
  • High school students with a minimum grade of 95 percent can apply for a golden visa.
  • University students with a minimum GPA of 3.75 or higher are also eligible for the golden visa.

Criteria to Get Golden Visa UAE for Chief Executives:

  • As a chief executive, you must have a bachelor’s degree.
  • The chief executive must have at least fives year or more experience in the field.
  • As the chief executive, you must earn at least AED 30,000 or more with a legal job contract in the UAE.
  • The chief executive and all his/her family members must have health insurance and health insurance documents.
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    Frequently Asked About UAE Golden Visa

    The golden visa uae 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.

    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:

    Requirement for 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.

    Requirement for 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.

    Requirement for 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.

    Our consultants will simplify the procedures allowing you to attain the UAE Golden Visa at your convenience. Follow the steps mentioned below or book a consultation with us at +971 (0) 582595164.

    If you meet the requirements for applying for the uae golden visa then you can easily obtain the UAE golden visa in three easy steps. Here is all you need to know.

    • Find out if you are eligible
    • Get your Documents/Recommendations Ready
    • Start your application(If you are applying for the visa in Dubai, GDRFA allows applicants to use their online service to start the process).
    • Get your medical fitness test completed
    • Apply for your Emirates ID
    • Receive your UAE Golden Visa

    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.

    The UAE Golden Visa is for people with a high net worth or highly talented and skilled people. It is for the people who will be a great addition to the economy of the UAE. In return, it offers long-term residency and a stable future in one of the most developed countries in the world. It is for investors, researchers, highly skilled knowledgeable people, and talented students. Since the government wants to retain these groups of people in the country. They are providing great benefits to the UAE golden visa holders who want to reside in the UAE permanently.