It’s been almost a year when UAE government has implemented a new residence visa for a long term period also called as Golden Visa, which allows foreign national to stay and work in UAE without any sponsor and license to work in UAE.
In this pandemic, UAE ranked as safest country in world with more than half of the population is vaccinated now. With a new citizenship law, which allow foreign national to apply UAE national citizenship is attracting more people to come and settle in UAE.
UAE has launched many other visa option to the foreign residents such as Retirement visa, Property visa, Virtual visa, Business visa and other which is flexible and very cost effective to apply.
Golden visa:
The golden visas are available for 10 AND 5 years and can be renewed later. The Cabinet Resolution No. 56 of 2018 granting golden visas to
- Investors
- Entrepreneurs
- specialized talents and researchers in various fields of science and knowledge
- bright students with promising scientific capabilities
UAE has already started awarding golden visas to doctors, chartered accountant, investors, and engineers and will be continued more as well.
Eligibility for a 10-year visa
The following are the requirement to apply for 10 year visa in UAE
Investments of at least AED 10 million
The investment may take many forms such as:
- A deposit of at least AED 10 million in an investment fund inside the country
- Establishing a company in the UAE with a capital of not less than AED 10 million
- Partnering in an existing or a new company with a share value of not less than AED10 million
- Having a total investment of not less than AED 10 million in all areas mentioned, on condition that the investment in sectors other than real estate is not less than 60 per cent of the total investment.
2-Persons with specialized talents
This includes specialized talents and researchers in the fields of science and knowledge such as doctors, specialists, scientists, inventors, as well as creative individuals in the field of culture and art. The visa advantage extends to the spouse and children. All categories are required to have a valid employment contract in a specialized field of a priority in the UAE.
Eligibility for a 5-year visa
The following are the requirement to apply for 5 year visa in UAE
Investment in a property in the UAE
- The investor must invest in a property of a gross value of not less than AED 5 million.
- The amount invested in real estate must not be on loan basis.
- The property must be retained for at least three years.
Entrepreneurs
This category includes those having an existing project with a minimum capital of AED 500,000, or those who have the approval of an accredited business incubator in the country.
Outstanding Students
Outstanding students with a minimum grade of 95 per cent in public and private secondary schools
University students within and outside the country having a distinction GPA of at least 3.75 upon graduation.
If you are eligible and planning to take the golden visa, don’t miss the opportunity and reach to us. We will be happy to assist you for the process and our visa experts will help you to get your golden visa done in less time.
