The UAE offers a wide array of attractions. From being one of the world’s safest places to having a culturally diverse population, it stands out as a top destination for expatriates. Among its various visa options, the coveted 10-year Golden Visa offers numerous benefits.
The Golden Visa is a long-term residency permit. It allows individuals to live, work, and study in the UAE without needing a sponsor or employer.
Eligibility for the UAE Golden Visa
Several categories of individuals qualify for the Golden Visa, including:
Investors in public and real estate sector, Entrepreneurs, Inventors, Creative professionals in culture and arts, Executive directors, Athletes, Specialists in engineering and science, Outstanding students, Pioneers in humanitarian work, Frontline heroes
Recently, the eligibility criteria have expanded. Exceptional gamers, content creators, and outstanding students can now apply. Abu Dhabi also offers it to superyacht owners, while Ras Al Khaimah includes exceptional teachers.
Minimum Salary Requirement for Golden Visa
To qualify as a professional in Dubai, applicants must have a basic monthly salary of at least Dh30,000.
To apply, candidates must check their eligibility first. They need to gather specific documents depending on their category. For instance, real estate investors require:
A letter from the Real Estate Registration Department confirming property ownership worth at least Dh2 million. Proof of housing in the UAE, such as homeownership or rental agreements.
Applications can be submitted through the Federal Authority for Identity, Citizenship, Customs & Port Security (ICP). Alternatively, they can apply via the General Directorate of Identity and Foreigners Affairs in Dubai.
Cost of the UAE Golden Visa
As of 2023, the permit fee stands at Dh1,250. Additional details on the fee breakdown are available through relevant authorities.
Benefits of the UAE Golden Visa
Golden Visa holders enjoy numerous privileges, including:
Renewable residence visa: Valid for 5 or 10 years based on the category.
Extended stay outside UAE: Holders can remain outside the UAE for more than six months without affecting their residency status.
Self-sponsorship: Applicants can sponsor immediate family members.
Validity and Renewal
The Golden Visa is valid for up to ten years. Renewal is possible if the applicant continues to meet eligibility requirements.
Income and Investment Requirements
Current criteria include:
Income: Professionals in sectors like healthcare, IT, and media must earn at least Dh30,000 monthly.
Investment: Applicants must invest at least Dh2 million in property or an investment fund.
Sponsoring Family Members
Golden Visa holders can sponsor immediate family members. This includes sons regardless of their age.
Working in the UAE with a Golden Visa
Golden Visa holders can work in the UAE. However, employers must issue work permits.
The Golden Visa offers the longest validity period among UAE residency permits. It allows residents to stay in the country based solely on their investments, without needing employment.
Reasons for Application Rejection
Common reasons for rejection include:
Ineligible job title: Applicants must ensure their visa designation reflects their senior role.
Lack of proper degree: Applicants without a legalised degree may face rejection.
Incorrect job titles: Titles not aligned with seniority or specialized roles may result in application denial.
Path to Citizenship
While the UAE does not offer citizenship to foreigners, it provides several long-term residency options. These include the Blue Visa and Green Visa.
The UAE Golden Visa is a valuable opportunity for professionals and investors. Eligible individuals seeking long-term stability and growth in a dynamic environment can greatly benefit from it.
