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GOLDEN VISA

The United Arab Emirates is one of the world's most popular tourist destinations. As a result, many foreign investors, experts, and entrepreneurs seek to establish themselves in the country. Furthermore, the UAE government has initiated a number of initiatives aimed at attracting top people in order to enhance the economy. The UAE Golden Visa is one of these efforts.

The UAE introduced a new system for long-term residency visas in 2019. Foreigners can now live, work, and study in the UAE without the need for a national sponsor, and they can own 100% of their businesses on the UAE's mainland. These visas will be issued for a period of 5 or 10 years and will be automatically renewed.The UAE Golden Visa scheme enables high-potential individuals and their families to easily settle in the UAE. The Business Visa is a straightforward step closer to realizing the full potential of a startup idea for people who already live in the UAE. The UAE has also approved an update to its residency legislation that would allow foreign university students to bring their families to the UAE if they can afford acceptable housing and can support them financially.

The UAE Golden Visa has been highly sought after by many expats throughout the world since its inception. However, because it is a vital document with stringent qualifying requirements, not all foreigners are eligible to apply.Individuals must have a national sponsor in all other visa schemes since it is required. However, with the new golden visa, this is no longer necessary. As a result, there are numerous UAE golden visa privileges available to those who have this passport.

As a result, Dhanguard is a pioneer in providing you with outstanding services and assistance to help you create your Branch. Please take a few seconds to read the following material, which has been painstakingly produced by our professionals to provide you with the most up-to-date services.

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What is a Golden Visa in United Arab Emirates?

The Golden Visa is a legal document that allows foreigners to live in the United States for an extended period of time. Individuals can apply for whichever visa system is most convenient for them in the UAE.

  • The most frequent is the UAE employment visa, which allows an employee to be sponsored by a company and acquire a two- or three-year resident permit. There's also the UAE freelancer visa, which grants the holder a one-year residency.
  • However, the most intriguing feature of the UAE golden visa is that it allows you to stay for 5 to 10 years. This is quite appealing to foreigners who want to live in the UAE but don't want to have to renew their visas all the time.
  • Nonetheless, the UAE authorities have imposed stringent restrictions on who is allowed to acquire this document.
  • The golden visa is especially important for Masdar City, which is the region's center for sustainability-focused innovation and technology research and development.

What changes have been made to the Golden Visa?

To broaden the eligibility for the Golden Visa, the UAE government made some amendments. This is done in order to attract a diverse group of international specialists. They also hope to recruit bright students who wish to pursue employment in the area. Previously, only top investors, business owners, rich executives, and scientists were allowed to participate. However, the UAE authorities have announced that the following adjustments will take effect in December:

  • Physicians in the United Arab Emirates
  • Computer science, electricity, electronics, programming, and biotechnology are all areas where engineers are needed.

Who is eligible to apply for a Golden Visa in the United Arab Emirates?

After you've learned about all of the benefits of the UAE Golden Visa, you'll want to know if you're eligible to apply.

Individuals that are eligible to apply include:

  1. Data experts, scientists, and PhD holders
  2. Executives in charge
  3. Doctors of medicine
  4. Students who excel (their family can apply to)
  5. University graduates with a GPA of 3.8 or higher
  6. Investors
  7. Investors in real estate
  8. Entrepreneurs

The golden visa is available to those who fall into one of the previous categories. As a result, you should be aware of how to apply for a golden visa. Learn about the obstacles of globalization and how to overcome them in the UAE for engineers or any other profession.

What is the procedure for obtaining a Golden Visa in the United Arab Emirates?

A simple procedure must be followed in order to receive the UAE Golden Visa. It's quite simple, but you must have your paperwork ready because you must also submit them. Furthermore, even if you match the eligibility requirements, you must follow the rules.

The following are the actions you must take to apply:

  1. Go to https://business.goldenvisa.ae and fill out the form.
  2. Make an application for a nomination
  3. Your application will be reviewed by the UAE authorities in 30 days.
  4. Your application's outcome will be sent to you through email.
  5. If your nomination is approved, you'll receive an email with a link to a page where you can upload your documents.
  6. The application will be verified by the Federal Authority for Identity and Citizenship.
  7. The Golden Visa will be issued by the authorities.

Keep in mind that you must be willing to relocate to the UAE in order to obtain this passport. Once you've arrived in the country, you'll be able to carry out all of your responsibilities as a resident and begin to benefit from the UAE golden visa.

What is the cost of a Golden Visa in United Arab Emirates?

Another significant consideration in relation to the Golden Visa is the amount that must be paid. The cost will vary depending on the visa's validity.

The following are the fees for each of them:

  • AED 1150 for a 10-year golden visa. In addition, you'll need to budget AED150 for application fees and AED 1000 for issuance. It means you'll have to pay a total of AED2300.
  • AED 650 for a 5-year golden visa. In addition, you'll need to budget AED 150 for application fees and AED 500 for issuance. As a result, you'll have to pay AED1300 in total.
  • You must have a NOC in order to obtain a visa, and you may learn more about the NOC in the UAE.

What are the Golden Visa's requirements in United Arab Emirates?

The requirements differ per category, but they all depend on the individuals' compliance with the Golden Visa's rules and conditions.

Visa eligibility for a period of 10 years

Investors

  • Having a public investment of at least AED 10 million, either in the form of an investment fund or a firm
  • At least 60% of the total investment must be in non-real estate assets.
  • The cash invested cannot be borrowed, and in the case of assets, the investors must acquire full ownership.
  • The investor must be able to keep the money for at least three years.
  • This 10-year visa can be extended to include business partners if each partner pays a total of AED 10 million. The holder's spouse and children, as well as one executive director and one advisor, are all eligible for the long-term visa. This visa can be renewed as well.

Individuals with specialized talents

Doctors, investors, artists, scientists, and researchers are among those recognized as having specialized talent.Once they obtain accreditation in their particular disciplines, they may be eligible for a 10-year golden visa. They can even sponsor their spouses and children.

Doctors

In "honour of their efforts and sacrifices," the UAE will award doctors, the first line of defense, a long-term residency. Between July 2021 and September 2022, all doctors licensed by UAE health regulatory organizations can apply for the Golden Visa via the website. In their various fields of practice, doctors and specialists must meet at least two of the following requirements:

  • A doctorate from one of the world's top 500 universities.
  • A Ph.D. and ten years of professional experience in the applicant's field are required.
  • Making a significant contribution to major scientific studies.
  • In prestigious publications, papers or scientific books have been published.
  • Participation in a field-related organization.
  • Specialization in areas where the UAE places a high priority.

For doctors who desire to apply for the visa in person, seven centers associated with the Federal Authority for Identity and Citizenship have been created across the UAE.

Coders

Coders of all nationalities and ages can apply for the UAE Golden Visa through the UAE Government's Office of Artificial Intelligence or the Federal Authority for Identity and Citizenship, regardless of whether they are UAE residents or non-residents.

The following individuals are eligible to apply:

  1. Known professionals and talents who have excelled in various aspects of coding
  2. Those who work for cutting-edge international technology companies
  3. Computer science, hardware engineering, information technology, artificial intelligence, data science, big data, and electrical engineering graduates
  4. Google, Microsoft, Amazon, Cisco, IBM, HPE, LinkedIn, Nvidia, and Facebook have all joined together to establish the program.

Visa eligibility for a period of 10 years

Specialty Students

When it comes to great pupils or educational specialists, they must meet one of the following criteria:

  1. Come from one of the world's top 500 universities.
  2. In your field of competence, you may be given an award or a certificate of recognition.
  3. Students in high school with a minimum grade of 95% and university students with outstanding grades (3.8 GPA or higher)
  4. Specialists, such as scientists, must demonstrate that they have made a significant contribution to their field of study. A 10-year resident visa is available for scientists.
  5. Individuals who are creative can also apply for a 10-year residency visa, but they must first be accredited by the Ministry of Culture and Youth.

One of the following standards must be met by doctors and specialists: PhD degree, prize, or certificate, published articles, scientific books, organization participation, or specialty in a UAE priority area Learn how to conduct a strategic workforce planning exercise.

Real Estate Investors

The 5-year visa has many of the same conditions as the ordinary investor visa. The only difference is that the required investment amount is AED 5 million.

Entrepreneurs

A 5-year residency visa is available to entrepreneurs. The following are the requirements:

  1. Have an existing project with a minimum capital of AED 500,000 or clearance from a recognised business incubator.
  2. Approval of a government-approved business incubator
  3. Documents for the entrepreneur's and his or her family's health insurance
  4. Those who apply as entrepreneurs must first obtain a six-month multi-entry visa, which must then be renewed for another six months. Their spouse and children, as well as three executives and a partner, can be sponsored.

Chief Executives

Chief executives are also eligible for a golden visa if they meet the following criteria:

  1. a bachelor's degree
  2. Have at least 5 years of experience in his or her field
  3. Have a legitimate job contract in the UAE and earn at least AED 30000 per month.
  4. Along with the family's health insurance.
  5. You've come to the right place if you're looking for Executive Search firms in Dubai. Payroll, Employee of Record, Professional Employer Organization, and Global Mobility are all services provided by Connect Resources (Dubai & OR UAE).

How can Dhanguard Help?

If you're interested in obtaining the UAE Golden Visa but need some support, our Experts can assist you. Our team of experts will walk you through each step of the process so you can get your vital legal document. We have been assisting people who want to work and live in the United Arab Emirates. Begin to enjoy all of the benefits of a golden visa in the UAE and enjoy a high quality of life while living in one of the world's best countries.

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Golden Visa in UAE FAQs

  • What is a Golden Visa?

    The Golden Visa system essentially grants people who fall into the following categories long-term residency (5 to 10 years): investors, entrepreneurs, individuals with exceptional talents such as researchers, medical professionals, and those in the scientific and knowledge fields, and exceptional students. The golden visa is especially important for Masdar City, which is the region's center for sustainability-focused innovation and technology research and development.