In 2019, the United Arab Emirates took the initiative to launch a new visa system for foreigners. It was globally called the “Golden Visa”. Under the long-term visa system of Golden Visa UAE, eligible applicants can work, live, and study in the UAE. The United Arab Emirates granted this new visa system for 10 years to attract foreigners to enjoy Golden Visa UAE benefits.

If you are looking for how to apply for a UAE residence visa, So, let’s discuss the requirements, eligibility criteria, application procedures, and benefits of the UAE Golden Visa.

Benefits of UAE Golden Visa

If you fall in any of the above categories and complete the application, you can avail many benefits of a UAE investment visa.

• The holders of the UAE Golden Visa get an “Esaad Privilege Card”. This card provides them with discounts not only in the UAE but in 92 other countries.
• If you enter the UAE for six months, you may get issued residency permits.
• The visa is renewable and valid for 5 or 10 years,
• You get a self-sponsored visa,
• Sponsoring unlimited domestic helpers is possible,
• Sponsor your family members like spouse and children without age restrictions,
• Sponsor your parents without any hidden fees for 10 years.
• You will access the top-notch medical or healthcare facility of UAE, the wealthiest country in the world.
• Before issuance of a residency permit, you can get entrance into the UAE through a “Multiple Entry” visa.

Why Choose the Golden Visa?

Golden Visa UAE is not only a golden opportunity for many business entities, but also a long-term residency advantage for the frontline heroes and officers. The medical assistants, pharmacologists, nurses, and lab technicians, who worked actively during the pandemic and are recommended by proficient authorities can apply for Golden Visa.

Individuals who want to change their lifestyle and always look for a better way to upgrade it are welcomed by the UAE.

Types of Golden Visas

Understanding the Different Visa Categories

You will find different Golden Visa categories such as:

• Investors Golden Visa
• Entrepreneur Golden Visa
• Scientists Golden Visa
• Students Golden Visa
• Humanitarian Pioneers Golden Visa
• Frontline Heros Golden Visa
• Other ways to receive a long-term UAE permit are a UAE retirement visa and a UAE freelancer visa.

Eligibility Criteria

Who Qualifies for a Golden Visa?

Here are the complete requirements and eligibility for Golden Visa in UAE that must be fulfilled.

Investors

Golden visa options for investors in UAE without a sponsor and 10 years require the following:

• Investors must have a deposit of AED 2 million with proof of submission letter from the recognized investment funds authority UAE.
• They must submit the relevant commercial or industrial license and memorandum as proof of AED 2 million capital.
• Investors must submit a valid document from the Federal Tax Authority as proof of paying no less than AED 250,000 to the UAE government annually.
• Investors must have full ownership of their assets.
• The invested capital must not be a loan and they must own it
• They must give proof of their medical insurance including their family, if availed.

Real Estate Investors

As a real estate investor, if you own a property or group of properties, the Golden UAE Visa will be granted for 5 years. It may also be subjected to the following requirements:

• Proof of a letter from the land department of the emirate showing that the real estate investor owns a property worth 2 million AED.
• If the property is purchased with a bank loan, then it must be approved by the relevant local authority.

Talented Individuals

• Talented and specialized individuals can apply for 10 years of golden visa UAE after they submit an acknowledgment of accomplishments from their department.
• Scientists must have accreditation from the Emirates Scientists Council.
• Or an approval letter from the Secretariat of the Mohammad Bin Rashid Medal stating that scientists have scientific excellence.
• Doctors must hold an approval letter from the UAE Ministry of Health and Prevention as a practitioner in medicine.

High Schools Students

• You will be granted 5 years of Golden visa if you are high-school and national-level Students with grades of a minimum of 95% during public or private school get this visa holding a recommendation letter from the Ministry of Education.
• The Golden visa duration may be extended, if the college in which they enrolled themselves offers study time period of more than 5 years.

Universities:

• University students will get 10 years of Golden UAE visa without a sponsor if the university falls in the A or B category as per the Ministry of Education.
• You must hold a recommendation letter or a graduate certificate of accreditation from the
• Or you must submit records of academics showing that you have no less than a 5 GPA for A-class universities and a 3.8 GPA for B-class.
• Moreover, it must not be over 2 years, since you have graduated.

Foreign University Students

You will be granted the 10 years without sponsor Golden visa as a foreign university student, if;

• Your university is one of the 100 top-rated universities recognized by the Ministry of
• The graduation certificate must be approved by the Ministry of Education.
• Your cumulative GPA must not be less than 5.
• It must not be more than 2 years since you received your graduate degree.

Entrepreneurs

• Entrepreneurs can apply for Golden Visa UAE if they have their business registered with a current project of capital of AED 500,000.
• Moreover, the project must be technical or future in nature and approved by the concerned authorities of the emirates.

Executive Directors

• Executive Directors can receive this visa if they have a copy of their bachelor’s degree attested by the Ministry of Education.
• Must hold a letter of 5 years of prior experience at the same post.
• They must hold a salary certificate of at least AED 50,000 at a valid contract.

Source

https://u.ae/en/information-and-services/visa-and-emirates-id/residence-visas/golden-visa

You can also check your eligibility for Golden Visa UAE and residency here.

Source

https://smartservices.icp.gov.ae/echannels/web/client/guest/index.html#/aboutGoldenResidency

How Can We Help?

Our Golden Visa Consultancy Services

Bestax offers complete assistance during the Golden Visa application process. We have proficient and qualified team members with top-notch expertise. You will get personalized assistance, and support throughout the application journey of Golden Visa UAE.

Our competent team will provide complete Golden Visa Consultancy to help you successfully receive Golden visa UAE residency in no time.

Step-by-Step Guide to Obtaining a Golden Visa

How to Apply Through ICA?

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 to the website of ICA.
• Click on “Public Services”
• Now Select “Golden Residency”
• Now choose your desired Golden Visa Services and click on “Start Services”.
• Fill out the required information and submit documents.
• Individuals will pay service charges and wait for
• After approval, they can complete the application procedure

Applicants applying from outside the UAE must hold an ICA entry permit for a duration of 6 months. However, it can also be extended for a further 6 months to allow the individual to complete the procedure for Golden Visa UAE and get this fantastic opportunity.

Source: https://smartservices.icp.gov.ae/echannels/web/client/guest/index.html#/nomination/request/767/ step1?administrativeRegionId=1

How to Apply Through GDRFA?

GDRFA offers both online and offline visa applications. First, we will discuss how you can apply online for the Golden Visa Dubai.

Apply Online:

• Go to the website of GDRFA.
• From the Service list below, choose the “Golden Residence Permit for Investors”.
• Now login to the Service.
• Fill out the required information.
• Attach relevant documents to support your Golden Visa program in
• Pay the service charges to complete the
• The concerned authority will soon notify you about your visa status and further procedures.

Apply Offline

To apply offline, you must visit the nearby licensed tying centers. Experts will type and process the visa application submitted by you. After approval of the offline visa application through GDRFA Dubai, you will receive a message for the original entry permit.

Conclusion

If you have applied for a Golden UAE Visa as an investor or entrepreneur to expand your businesses, Bestax is here to facilitate. Bestax is one of the leading business consultancy firms in Dubai providing various financial and business services.

Whether you want assistance with Golden visa registration, application process, tax assessments, filling, auditing, accounting, bookkeeping, compliance or expert advice, Bestax ensures to deliver value. Your business is safe with our trustworthy and quality services that promise profitability, efficiency, growth and compliance in the UAE.

We are here to help you get the most out of this Golden Visa UAE. It would be a pleasure for us to help you throughout the application process. Bestax ensures the smooth and successful registration and application procedure.

Ready to start your journey to a Golden Visa in the UAE?

Contact us today for a personalized consultation. Let’s make your dreams of residency and investment in the UAE a reality.

Frequently Asked Questions

1.    Who are the persons that can apply for a Golden Visa?

Investors, entrepreneurs, outstanding students and talented individuals may apply for a Golden Visa. However, they must fulfill the specific requirements of the relevant visa category mentioned above.

2.    What is the valid time period of the UAE Golden Visa?

You will be issued with a UAE Golden Visa with a validity of 5 or 10 years depending upon the type and category of visa.

3.    Do I need a sponsor to be able to renew my Golden Visa?

Renewal of the Golden Visa does not require a sponsor. However, You must fulfill the established prerequisites, when renewing the visa.

4.    What is the main purpose of offering the Golden Visa?

The aim behind Golden Visa UAE is to provide opportunities to exceptionally talented individuals and investors to settle and work in the UAE. It gives them the opportunity to be a part of its success story.

5.    What is the duration of the Golden Visa permit for investors in public investments?

The duration of the Golden Visa for an investor in public investments is ten years. Moreover, it is automatically renewed for the candidate and his/her family members; provided that the fees prescribed by the Federal Authority for Identity and Citizenship are paid.

6.    Is it valid to grant the senior employee with a residency permit who belongs to an entrepreneur and holds a Golden Visa?

Yes, an entrepreneur may apply for a residency permit for three executive directors and their family members for a period of five years. However, they must be employed by the entrepreneur throughout the validity of the residency permit.