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What is the Golden Visa UAE?
The Golden Visa is a long-term residency visa that enables foreign talents to live and work or study in the UAE for up to 10 years. This golden residency scheme is renewable and reserved for certain categories ranging from investors to individuals with exceptional talents.
Reasons for Introducing the UAE Golden Visa
The reason for introducing the golden visa was to project the UAE as a destination for business investment and encourage business development in the region. The visa was introduced to recognize residents who have been here for the long-term and their contribution to their country’s development.
The Golden Visa for Dubai system allows foreign nationals to live, work, conduct business, and study in Dubai or anywhere in the UAE without requiring a national sponsor. In addition, foreign business owners and investors are also allowed 100 percent ownership of their business within the UAE. This visa is issued for five years or ten years.
Am I Eligible for a UAE Golden Visa?
The UAE government recently expanded its eligibility criteria for the Golden Visa, making the program even more accessible to all kinds of people around the world.
However, it’s worth noting that the goal of the Golden Visa program is to foster business development. The UAE government is seeking people of a particular calibre to boost the economy and build a skilled workforce. As such, the criteria for the Golden Visa is still highly specific.
If you do not fall into any of the specified categories or you cannot meet the specified conditions for your particular category, it’s unlikely your Golden Visa application will be approved.
The following are the major groups eligible to apply for residency in the UAE under the Golden Visa program:
Individuals applying for the Golden Visa under each of those categories will have to meet different conditions and criteria to be successful. The next section will discuss some of these requirements.
Applying for a Golden Visa in UAE
The Golden Visa application process will vary according to your profession and the category under which you are applying. We’ll discuss the specific requirements for each professional category in the next section. However, the basic steps you’ll need to follow to apply for a UAE Golden Visa are as follows:
While it may be stating the obvious, to be eligible for a Golden Visa under this category, you must own a business based in the UAE.
When applying for a Golden Visa, you will need to present the following documents in addition to your application:
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