Golden Visa For Uae Means

Many applicants want to know what is the golden visa for UAE. As a leading immigration consultancy in India and the Gulf, we are often asked this question from Dubai-based clients. But before I answer the question, let me clear one thing: The golden visa can be your ticket to a wonderful life but you need to understand it well before applying for it.

The Golden Visa for UAE means a valuable and quick opportunity to the nationals of third countries to live, sightsee and do business in a state governed by internationally recognized laws.But if you are thinking of immigrating to enjoy the abundant benefits offered by the Government in terms of residence permits and travel, then first you should look into ways and means by which much-sought Emirate can be realized. We will base our discussion today on – Golden Visa For Uae Means. But, other resources which you can find on our website include some frequently asked questions such as: golden visa uae price and uae golden visa benefits

Table of Contents

What is the UAE’s Golden visa?

The UAE’s ‘Golden visa’ is a long- term residency visa which enables foreign talents to live and work or study in the UAE while enjoying exclusive benefits which include:

an entry visa for six months with multiple entries to proceed with residence issuance
a long term, renewable residence visa valid for 10 years
a self-sponsored visa, as there is no need for an employment sponsor
ability to stay outside the UAE for more than the usual restriction of six months in order to keep their residence visa valid
sponsoring their family members, including spouse and children regardless of their ages
sponsoring unlimited number of domestic helpers
allowing family members to stay in the UAE until the end of their permit duration, if the primary holder of the Golden visa passes away.

Who is the Golden visa for?

The Golden visa is for:

Investors

Real estate investors can obtain a Golden visa in the UAE if they fulfil one of the following conditions:

purchase a property worth no less than AED two million or
purchase a property with a loan from specific local banks or
buy one or more off-plan properties of no less than AED two million from approved local real estate companies.

2. Entrepreneurs

Entrepreneurs can obtain a Golden visa if they fulfil one of the following conditions:

·own or partner in a start-up registered as a small and medium enterprises (SMEs) in the UAE, and the company generates annual revenues of not less than AED one million
·obtain an approval for a start-up idea from an official business incubator or from Ministry of Economy or other competent local authorities
must have founded an entrepreneurial project that was sold for a total amount of not less than AED seven million.

3. Exceptional talents

Inventors, innovators, and exceptional talents in vital fields such as culture, art, sports and digital technology can obtain a Golden visa regardless of their educational qualification, employment status, monthly salary or professional level. The visa requires a recommendation or approval from a federal or local government entity.

4. Scientists and professionals

Scientists

Scientists and researchers with high achievements and influence in their field can get the Golden visa based on a recommendation from the Emirates Scientists Council. A candidate should have a PhD or a Master’s degree in one of the disciplines of engineering, technology, life sciences and natural sciences from the best universities in the world, as well as substantial research achievements.

Professionals

Professionals or highly-skilled workers with high educational qualifications and professional experience in all disciplines, including medicine, sciences and engineering, information technology, business and administration, education, law, culture and social sciences can get the Golden visa if they:

have a valid employment contract in the UAE
are classified in the first or second occupational level as per the classification of Ministry of Human Resources and Emiratisation
hold a Bachelor’s degree or equivalent
have a monthly salary of not be less than AED 30,000.

5. Outstanding students and graduates

High performing students in the UAE’s secondary schools and outstanding graduates from the UAE’s universities and the best 100 universities worldwide can get the Golden visa. Criteria includes academic performance/cumulative average, year of graduation and the university classification.

6. Humanitarian pioneers

Humanitarian pioneers such as the following can get the Golden visa:

distinguished members of international and regional organisations
·outstanding members of associations of public benefit
recipients of recognition awards in humanitarian fields
distinguished volunteers and sponsors of humanitarian efforts.

7.Frontline heroes

Frontline workers with extraordinary efforts in crises, such as the COVID-19 pandemic can also get the Golden visa.

Aiming at attracting and retaining talents, the UAE updates the Golden Residence rules as a part of the new Entry and Residence Scheme. The scope of beneficiaries is expanded offering more benefits including 10 years renewable residence pic.twitter.com/WwWWBWh9jY— UAEGOV (@UAEmediaoffice) April 18, 2022

Golden visa

The Golden visa is a long-term residence visa which enables foreign talents to live, work or study in the UAE while enjoying exclusive benefits. Investors, entrepreneurs, scientists, outstanding students and graduates, humanitarian pioneers and frontline heroes are among those eligible for the Golden visa. Read about the requirements and benefits of the Golden visa and find digital services to apply for it.

What is the UAE’s Golden visa?
Golden visa requirements
Related digital services

What is the UAE’s Golden visa?

The UAE’s ‘Golden visa’ is a long-term residence visa which enables foreign talents to live, work or study in the UAE while enjoying exclusive benefits which include:

an entry visa for six months with multiple entries to proceed with residence issuance
a long-term, renewable residence visa valid for 5 or 10 years
the privilege of not needing a sponsor
the ability to stay outside the UAE for more than the usual period of six months in order to keep their residence visa valid
the ability to sponsor their family members, including spouses and children regardless of their ages
the ability to sponsor unlimited number of domestic helpers
the permit for family members to stay in the UAE until the end of their permit duration, if the primary holder of the Golden visa passes away.

For queries regarding visas, please contact Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) or the UAE’s embassies and consulates.

For Dubai visas, contact the General Directorate of Residency and Foreigners Affairs – Dubai (GDRFAD).

Golden visa requirements

Requirements for the Golden visa depend on the type of residence, whether investor, talent, entrepreneur, etc.

Investors in public investments

If you invest in an investment fund, you may be granted a Golden Visa for a period of 10 years without a sponsor, subject to the:

submission of a letter from an investment fund accredited in the UAE stating that the investor has a deposit of AED two million, or
submission of a valid commercial licence or industrial licence and a memorandum of association stating that the investor’s capital is not less than AED two million
submission of a letter from Federal Tax Authority stating that the investor pays the government no less than AED 250,000 (two hundred and fifty thousand) annually. Additionally, you must:
own the invested capital completely; it must not be a loan and
provide proof of medical insurance for himself and his family (if any).

Real estate investors

If you own a property or a group of properties, you may be granted a Golden visa for a period of 5 years, renewable on the same conditions and without a sponsor subject to the:

provision of a letter from the land department of the respective emirate stating that he owns one or more properties whose value is not less than 2 million dirhams
purchase of a property with a loan from specific local banks approved by the competent local entity.

Entrepreneurs

If you are an entrepreneur, you may get a Golden visa for a period of 5 years, if you own an economic project of a technical or future nature based on risk & innovation. In addition, you must have an approval letter from each of the following:

an auditor in the UAE stating that the project value is not less than 500,000 dirhams
the authorities in the emirate stating that the project is of a technical or future nature
an accredited business incubator in the UAE to establish the proposed activity in the country.

Outstanding specialised talents

Outstanding specialised talents include:

doctors
scientists
creative people of culture and art
inventors
executives
specialists in scientific fields
athletes
doctoral degree holders and
specialists in the fields of engineering and science.

Subjects relating to engineering and science include:

epidemiology and viruses
artificial intelligence
big data
computer engineering
electronic engineering
software engineering
electrical engineering
genetics and biotechnology engineering.

If you have an outstanding specialised talent, you may get a Golden visa for 10 years after meeting the requirements mentioned below for each category:

Doctors and scientists

an approval Letter from Ministry of Health and Prevention in the UAE to practice the profession of medicine (for doctors)
a letter of recommendation from Emirates Council of Scientists or a letter from Secretariat of the Mohammed bin Rashid Medal for Scientific Excellence stating that the applicant has been awarded the Medal of Scientific Excellence (for scientists).

Inventors

a recommendation letter from Ministry of Economy stating that your patent has an added value to the country’s economy

Creative people in the fields of culture and art

an approval letter from the department of culture and arts in the respective emirate.

Related services

Apply for a creative talented accreditation (cultural visa) – Dubai Culture
Get an endorsement certificate for creative people – Abu Dhabi Department of Culture and Tourism
Get a recommendation letter for golden visa request – Ministry of Culture and Youth

Executive Directors

a copy of a university degree accredited by Ministry of Education with educational attainment not less than a bachelor’s degree
a letter of experience of no less than 5 years holding the same position
a salary certificate with a salary of AED 50,000 at least
a valid work contract.

Athletes

a recommendation letter from General Sports Authority or one of the sports councils

Specialists in engineering and science

a copy of a Bachelor’s or a Master’s degree certified by Ministry of Education and a work contract.

Outstanding Students

High school students

If you are a high school student and a national-level topper, (with a minimum grade of 95 per cent in public or private secondary school) you may be granted a Golden visa for 5 years without a sponsor, subject to submission of a recommendation letter from Ministry of Education (Emirates Schools Establishment).Duration of the Golden visa for students is 5 years and may be extended if he/she is enrolled in one of the majors/colleges in the country that requires a study period of more than five years.

University students

If you are an outstanding university student, you may be granted a Golden visa for a period of 10 years without a sponsor, provided that:

the university must be rated either A or B class by Ministry of Education
a recommendation letter from the university or an accredited graduation certificate or an accredited academic record stating that the student’s cumulative GPA is not less than 3.5 for A class universities and 3.8 for B class universities is submitted.

it has not been more than 2 years since you graduated.

Outstanding students of foreign universities may be granted a Golden visa for a period of 10 years without a sponsor, provided that:

The university is rated among the best 100 universities global according to the rating system recognized by Ministry of Education
The student’s cumulative GPA is not less than 3.5
It has not been more than 2 years since you graduated
Graduation certificate is accredited by the Ministry of Education

Pioneers of humanitarian work

If you are a pioneer of humanitarian work, you may get a Golden visa for 10 years. You must be one amongst the following categories to qualify as a pioneer of humanitarian work:

members and outstanding employees who have worked for international and regional organisations for a minimum of five years
members and outstanding employees who have worked for civil associations and institutions of public interest for a minimum of five years
individuals who have received an appreciation award from a local, regional or international organisation that focuses on humanitarian work
funders of humanitarian work provided that the value of the support does not fall below two million UAE dirhams or its equivalent.

Frontline heroes

Frontline heroes who displayed extraordinary effort in crises, such as the COVID-19 pandemic also may get the Golden visa with a recommendation from a competent authority. Frontline heroes include nurses, medical assistants, lab technicians, pharmacologists and other cadres approved by the Frontline Heroes Office.

Golden Visa For Uae Means