UAE Golden Visa: How to Apply and What Are the Benefits?

UAE Golden Visa: How to Apply and What Are the Benefits?

Introduction:

The UAE Golden Visa is a highly sought-after document that offers long-term residency in Dubai. Initially awarded to individuals who made significant contributions to the country, the process has now become more inclusive, allowing a broader range of applicants. This guide will help you understand the eligibility criteria, application process, and the numerous benefits of the UAE Golden Visa.

What is a UAE Golden Visa?

Who Can Apply for the UAE Golden Visa?

Recent changes to the UAE Residence and Entry Scheme have expanded eligibility for the Golden Visa to include:

  1. Investors: Property investors can qualify if they purchase property worth at least AED 2 million, regardless of whether it’s off-plan, completed, or mortgaged. Significant public investments of at least AED 2 million also qualify.
  2. Entrepreneurs: Must meet one of the following criteria:
    • Partner in or owner of a start-up generating annual revenues of at least AED 1 million.
    • Founder of a project sold for more than AED 7 million.
    • Approved start-up from an official business incubator.
  3. Exceptional Talents: Talents in fields such as culture, art, sports, and digital technology, with a recommendation from a federal or local government entity.
  4. Scientists: Must have a PhD or Master’s Degree in relevant fields from top universities and a recommendation from the Emirates Scientists Council.
  5. Professionals: Highly skilled workers with a Bachelor’s Degree and a monthly salary of at least AED 30,000. Employment in the UAE and classification in the first or second occupational level is required.
  6. Outstanding Students and Graduates: High achievers from UAE secondary schools and top universities worldwide, with specific GPA and performance criteria.
  7. Humanitarian Pioneers: Those with significant contributions to humanitarian work, such as working in organizations, volunteering, or funding humanitarian projects.
  8. Frontline Heroes: Healthcare staff and other essential workers who have contributed during extraordinary circumstances like the COVID-19 pandemic.

How to Apply for a UAE Golden Visa

To determine eligibility, use the UAE government eligibility tool. Then, visit the golden services section on the UAE government website to request a nomination.

Benefits of the UAE Golden Visa

The UAE Golden Visa offers several benefits not available to standard residency visa holders:

  1. Extended Residency Rights: Residency for up to ten years for the holder and their dependents.
  2. Self-Sponsored Work or Stay: Live, work, and study without needing individual sponsorship.
  3. Family Sponsorship: Sponsor family members, including spouse and children, and employ unlimited domestic helpers.
  4. Extended Time Outside the UAE: Maintain visa validity even when spending extended periods outside the UAE.
  5. Exclusive Healthcare Packages: Access to special health insurance plans starting from AED 2,400.
  6. Dubai Police Esaad Privilege Card: Discounts and privileges across various services and brands.

Renewal of the UAE Golden Visa

The Golden Visa is valid for five to ten years and can be renewed if the holder still meets the original requirements.

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Ebrahim Turkey

Experienced Chartered Accountant with specializing in accounting and taxation services for diverse clientele.

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