by Kingdom By MAG 
Everything About the UAE Golden Visa
The Golden Visa of the UAE is a long-term residency visa that enables foreign expatriates, investors, entrepreneurs, specialized talents, and meritorious students to reside, work, and study in the United Arab Emirates (UAE) for periods ranging from 5 to 10 years. This visa was established by the Federal Authority for Identity, Citizenship, Customs, and Ports Security, and can be obtained by foreigners who meet the pre-determined requirements. It allows for a brighter future for many.
In this guide, we will discuss the Golden Visa UAE, the different categories of eligible people, and the procedure to apply for the Visa. If you are willing to relocate and expand your business in the UAE, continue reading to learn how the Golden Visa will be able to help you!
What is the benefit of obtaining or applying for the UAE Golden Visa?
By enabling investors, entrepreneurs, and skilled professionals to apply for residency without needing a local sponsor, the Golden Visa UAE program seeks to draw talented people to the country. In addition to extended residency, the system offers automatic renewal and freedom to work, reside, or study.
The visa is valid for between 5 to 10 years and is renewable. Family members can accompany residents, and the visa is granted in order to increase business activity and cultivate a competitive environment in the UAE.
For further information, do check the official website of the UAE ICP.
Types of Applicants that the UAE Golden Visa Caters for
There are several categories under which individuals can apply for the Golden Visa. Summarized below are the key groups of persons eligible for long-term residency.
Investors in Public Investment
To qualify as an investor, individuals must meet one of the following conditions:
- Business Plan/Proposition: Provide a legal business plan for execution in the UAE.
- Investment Fund: A deposit of no less than 2 million AED in an investment fund.
- Real Estate: Ownership of real estate valued at no less than 2 million AED.
- Tax Contribution: A minimum letter from the Federal Tax Authority indicating an annual tax of at least 250,000 AED.
Entrepreneurs
A Golden Visa is available for these types of applicants as long as the following are met:
- An Approval Letter from an accredited auditor in the UAE.
- The project’s worth cannot be under 500,000 AED.
- Must have approval from an approved business incubator in the UAE.
- Proof of accommodation in the country either via homeownership or a lease contract.
Exceptional Specialized Skills and Talent
It covers professionals such as physicians, scientists, engineers, world-class athletes, and those in creative professions including but not limited to:
- Medical Knowledge Professionals (Doctors, Scientists, and other Researchers)
- Creative Professionals (Painters, Performers, Musicians)
- Technical Professionals and Experts (AI Specialists, Big Data specialists, software engineers, and biotech experts)
- Athletes (Sportsmen of international repute, professional world-class sportsmen)
- Holders of PhD Degrees in specialized areas of engineering, computer sciences, and biotechnology.
For example, doctors need to have a practicing certificate, which comes from an approved health institution. Scientists need an endorsement letter from the Emirates Council of Scientists to work as a scientist in the UAE.
Exceptional Students
The Golden Visa also focuses on exceptional students under the following criteria:
- High School Students that have a 3.8 GPA and above.
- University Students with 3.8 GPA and above. This visa allows the holder to stay in the country for 10 years and allows the student to sponsor their family.
Step-by-Step Guide to Applying for the UAE Golden Visa
The application process for the UAE Golden Visa can be done easily using the UAE’s online services, which include the official government website and the ICP UAE Smart mobile app.
1. Submit the Application
Both the official website for UAE and the ICP UAE Smart app are able to accept applications.
2. Fill Out Personal Details
Provide information about your job, education, and other categories that relate to you.
3. Attach Documents
Documents needed, such as a passport copy, health insurance, proof of qualification, and other necessary documents, are requested for upload.
4. Pay Fees
The service fee can be paid through secure platforms over the internet.
5. Nomination
After the nomination stage is completed, an invitation to apply will be sent out.
6. Final Approval
All necessary documents must be supplied if the visa is to be approved by the Federal Authority for Identity, Citizenship, Customs and Ports Security.
Visit the UAE Government Website for additional country-specific details.
Distinctive Features of the UAE Golden Visa
Allowing residents to stay for an extended period is one of the many distinctive features of the UAE Golden Visa, in contrast to its differing counterparts.
You may also opt to sponsor family members during the tenure of your visa, which can be as long as 10 years. More benefits include citizenship of a progressive country that can assist start-ups or business growth with no taxation.
Flexibility in Employment:
No local sponsor or employer needed.
Common Questions Regarding UAE Golden Visa
What is the validity of the UAE Golden Visa?
Its longevity varies per the applicant’s category but sits within the range of 5-10 years.
Is there a way to renew the Golden Visa?
Automatic renewal is possible without a sponsor, so yes.
Who is able to sponsor my Golden Visa?
Family members are able to be sponsored by investors, entrepreneurs, and prodigious professionals after being granted the visa.
Final Remarks
It is evident that the UAE seeks to balance the investments and skilled workforce with the introduction of the UAE Golden Visa. If you fit the investor profile, looking to widen your business scope, a professional eager to partake in a flourishing economy, or even a scholar seeking fruitful fields in education, the UAE will be waiting with open arms, ready to grant you residency through the Golden Visa, placing you in the center of one of the most appealing markets in the world.
Apply now for the Golden Visa UAE and begin your long-term residency journey today while reaping many benefits alongside your family.
To know more, check out the official site and get started on your application today!
Conclusion
Contact Us for Your Property Consultancy and Get Your Golden Visa!
Ready to secure your UAE Golden Visa? Our expert property consultancy services at Kingdom by Mag, located in Cluster K, Jumeirah Lake Towers (JLT), Dubai, are here to help you through the process.
Get in touch today and start your journey towards long-term residency in the UAE.
Call us now at 058 555 9090 or reach out via email for more details!
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Here are some external links that could be useful for your blog post on the UAE Golden Visa:
- UAE Federal Authority for Identity, Citizenship, Customs and Ports Security (ICP)
https://www.icp.gov.ae
Official portal for information and services regarding the UAE Golden Visa. - UAE Golden Visa Official Information (Gulf News)
https://gulfnews.com/uae/government/uae-golden-visa-all-you-need-to-know-1.1611833039688
Comprehensive guide on the UAE Golden Visa system and eligibility. - UAE Golden Visa Application Process (Khaleej Times)
https://www.khaleejtimes.com/uae/visa/golden-visa-guide-all-you-need-to-know
Details on how to apply for the Golden Visa and the different types of applicants. - Dubai Real Estate (Bayut)
https://www.bayut.com
Explore real estate options in Dubai, including those eligible for the Golden Visa program. - Dubai Land Department
https://www.dubailand.gov.ae
Information on property ownership and related services in Dubai, which is relevant for Golden Visa real estate investors.
These external links can enhance the credibility of your article while also providing your readers with valuable resources related to the UAE Golden Visa and real estate options.
