If you want to qualify for a Dubai Golden Visa, you must fulfill certain criteria. The qualifying criteria depend upon the type of investor, entrepreneur, and talent. If you are confused about the qualifying criteria, Bestax will assist you in how to apply for a UAE residence visa or Dubai Golden Visa.
What is a Golden Visa?
Back in 2019, the United Arab Emirates launched a new visa system for foreigners to live, study, and work in Dubai. This long-term visa opportunity is known as the Dubai Golden Visa which comes with many benefits for those who seek this UAE visa.
In this article, we will elaborate on the eligible persons for Dubai Golden Visa and what are those qualifying parameters.
Dubai Golden Visa Benefits?
As a foreigner, you can take advantage of the following Dubai Golden Visa benefits:
- You will get a six-month entry visa with multiple entries to proceed with the issuance of residence.
- Dubai Golden Visa comes with the opportunity of a 5 or 10-year valid long-term, renewable residence visa.
- In this way, you will not need a sponsor.
- With a Dubai Golden Visa, you can stay outside the UAE for more than six months and this allows you to keep your residency visa valid.
- Now you can sponsor your family members, which includes spouses and children of any age.
- You can now sponsor your all domestic helpers.
- You will get the permit for family members to stay in Dubai until the end of your permit duration. This option is still valid if the primary Dubai Golden visa holder is not alive.
Eligibility Criteria for UAE Golden Visa 2023
You will find different Dubai Golden Visa categories such as
- Investors Dubai Golden Visa
- Entrepreneur Dubai Golden Visa
- Scientists Dubai Golden Visa
- Students Dubai Golden Visa
- Humanitarian Pioneers Golden Visa
- Frontline Heroes Dubai Golden Visa
Other ways to receive a long-term UAE permit are a UAE retirement visa and a UAE freelancer visa.
What are UAE Golden Visa Requirements?
Here is a complete list of requirements for those who qualify for 10 years Golden Visa UAE.
Investors in Public Investments
Investing in investment funds grants you a Dubai Golden Visa for 10 years without sponsors. Here are some of the requirements;
- Submit a letter of accreditation from investment funds stating that the investor has a 2 million AED deposit. OR
- Submit a commercial or industrial license along with the memorandum of association as a guarantee that the investor has a capital of 2 million AED.
- Another letter from the Federal Tax Authority shows that the investor is paying the government an annual amount of 250,000 AED.
- Make sure that the invested capital is not a loan.
- Must hold proof of medical insurance for investor and their family
Real estate Investors
Owning a property or a property or group of properties, the Golden UAE Visa is granted for 10 years and renewed on the same conditions. Without a sponsor, it is subject to the following requirements
- Letter from the Land Department of the emirate showing that the real estate investor owns a property worth 2 million AED.
- Real estate investors with investments is AED 750,000 or above will qualify for a 5-year Golden Visa.
- Whereas, investments above 2 million AED make them qualify for 10 years Golden Visa.
- Purchasing a property with a bank loan must be approved by the relevant local authority.
UAE Golden Visa for Entrepreneurs
If you own a project of technical or future-oriented, you may receive a Dubai Golden Visa. However, you may require an approval letter from the following authorities;
- Approval from the UAE Auditor that the project must hold a value of 500,000 dirhams.
- Then approval from Emirates authorities that the project is technical or future in nature.
- For entrepreneurs to qualify for a 10-years Golden Visa UAE, must seek approval from the business accredited incubator in Dubai for the establishing project.
Dubai Golden Visa For Specialized Individuals
Outstanding specialized individuals who qualify for 10 years golden visa UAE are
Doctors, Scientists, Executives, Engineers, Athletes, and Artists. Here are the requirements for specialized individuals to qualify for the Dubai Golden Visa.
- Doctors and scientists must seek approval from the Ministry of Health and Prevention in the UAE to pursue practicing their field of specialization.
- Must contain a recommendation from Emirates Council of Scientists or a Mohammed bin Rashid Medal for Scientific
- Excellence letter from the Secretariat. It depicts that scientists must have received the Scientists Excellence Medal.
- Artists must have the approval letter from the Department of Culture or Arts of the concerned emirates.
- Athletes must hold a recommendation letter from the General Sports Authority.
Outstanding High-School and University Students
For High-school
- As a student, you qualify for 5 years of Dubai Golden Visa, if you have minimum grades of 95% at public or private school level.
- Moreover, you must submit the letter of recommendation from the Ministry of Education (Emirates Schools Establishment).
- Your 5 years Dubai Golden Visa duration may be extended by enrolling yourself in college or university offering a study time period of over 5 years.
For University Students
- As a talented university student, you may qualify for 10 years of Golden Visa Dubai, if your university belongs to A or B rated class.
- A letter of recommendation from your university or a graduated certificate accredited showing that the GPA of A class students is not be less than 3.5. Whereas, the GPA of B class students is not below 3.8.
- Foreign university students are eligible for Dubai Golden Visa, if they are the graduates from top-rated university with GPA not less than 3.5.
- Outstanding students from Foreign university must be a graduate of recognized institute from the Ministry of Education and holds a accredited graduation certificate.
- All the students must be a graduate and its not more than 2 years since they graduate.
Golden Visa Dubai requirements for Executive Director
Executive directors may qualify for the Golden Visa Dubai if;
- They submit a copy of their bachelor’s degree accredited by the Ministry of Education.
- Must hold a letter of 5 years of prior experience at the same post and completed minimum 5 years’ residence in the UAE.
- They must hold a salary certificate of at least AED 50,000 at a valid contract
Requirements For Pioneers of Humanitarian Work and Frontline Heroes
For Pioneers of humanitarian work, you may qualify for 10 years of Dubai Golden Visa, if you fulfill these requirements;
- As a member and outstanding employee, you have worked for 5 years for international and regional organizations.
- For 5 years, you may have worked for the civil associations and public interest institutions.
- You may have been awarded for your humanitarian work from international, regional or local organization.
- The value of funders support of humanitarians must not fall below 2 million UAE dirhams
Frontline heroes are eligible for Dubai Golden Visa after seeking recommendation from competent authorities. These include nurses, lab technicians, medical assistants, pharmacologists and are qualified after getting approval from Frontline Heroes Officers.
How to Apply for a UAE Golden Visa?
ICA is an online platform to apply for Federal Authority to get citizenship and identity. You can apply for a UAE Golden Visa through these steps.
- Go ICA website. and click “Public Services”
- Select “Golden Residency” and choose your desired Dubai Golden Visa Services.
- Click on “Start Services” and fill out required information and upload documents.
- Individuals will pay service charges and wait for approval
- After approval, you application procedure will complete
How Bestax help with Dubai Golden Visa in UAE?
Applying for Dubai Golden Visa is a complex process, and may require guidance to know who qualifies for this visa. Bestax professional consultants are here to help you apply for Dubai Golden Visa and solve your application problems.
