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Golden Visa

In 2019, the UAE Golden Visa was implemented. Since then, the method has sparked considerable interest among foreigners seeking permanent status in the UAE.

The UAE Golden Visa permits citizens of other nations to live, work, start enterprises, and study in the UAE without the need for a local sponsor. Foreign investors and business owners are also permitted to own 100% of their companies in the UAE. The Golden Visa is valid for 5 to 10 years and can be renewed automatically.

You will learn everything you need to know about the UAE Golden Visa requirements and fees in this article. Let’s start with an overview of what the Golden Visa has to offer.

What Are the Benefits of a Golden Visa in the UAE?

People with a high net worth can apply for the UAE Golden Visa, which allows them to stay in the country for a long time. They must be investors, entrepreneurs, researchers, medical professionals, instructors, and intelligent students, to name a few. The goal is to keep the country’s brightest people. The government is committed to providing additional incentives to UAE Golden Visa holders who choose to live in the UAE or Dubai permanently.

What are the requirements for obtaining a Golden Visa?

Non-residents in the UAE can apply for golden residency in one of five categories. Chief executives, entrepreneurs, investors, famous students, and scientists are among them. The following are the requirements for a 10-year golden visa in the UAE, broken down by category:

Requirements for foreign investors

  1. The investor must have at least AED 10 million worth of public investment, either in the form of a company or an investment fund.
  2. Minimum 60% of the total investment should not be in the form of any property or land.
  3. The investor must not loan the invested amount. When it comes to assets, the investor can take full ownership. Providing adequate proof is a must.
  4. The investor should retain the investment for at least 3 years.
  5. The investor must have health insurance documents for all his/her family members.
  6. Should have an audit report from an approved audit firm in the UAE.

If you want to incorporate any business partners, you can extend the Golden Visa. Each partner is required to donate a minimum of ten million AED. The holder’s family, one executive director, and one advisor can all be included on the long-term visa.

Requirements for entrepreneurs

  1. Entrepreneurs must have a minimum capital of AED 500,000.
  2. It is a must to have the approval of an officially recognized business start-up center in the country.
  3. A multi-entry visa, renewable for another six months is allowed to the entrepreneurs.
  4. The long-term visa includes the family, a business partner, and three executives.
  5. The entrepreneur must have health insurance documents for all his/her family members.
  6. Should have an audit report from an approved audit firm in the UAE.

Requirements for entrepreneurs

  1. Entrepreneurs must have a minimum capital of AED 500,000.
  2. It is a must to have the approval of an officially recognized business start-up center in the country.
  3. A multi-entry visa, renewable for another six months is allowed to the entrepreneurs.
  4. The long-term visa includes the family, a business partner, and three executives.
  5. The entrepreneur must have health insurance documents for all his/her family members.
  6. Should have an audit report from an approved audit firm in the UAE.

Requirements for specialists and students

  1. The Applicant can be an educator from any one of the top 500 international universities. They must be approved by the ministry of education.
  2. The Applicant with an award or appreciation certificate in their area of expertise can also apply.
  3. Scientists who have made significant contributions to an area of study are also eligible to apply for UAE or Dubai Golden Visa.
  4. If the applicant has 20 years of practical experience in their field of medical expertise, he/she can apply for a Golden visa UAE for doctors.
  5. High school students with top ranks in the country with a minimum of 95 per cent and university students with outstanding academic performance plus remarkable grades on graduating (GPA 3.75 or higher) are eligible for Golden Visa Dubai or UAE.

Requirements for chief executives

  1. The Applicant must have a bachelor’s degree.
  2. To have experience of at least five years and above is a must.
  3. Should be earning a salary of 30,000 AED or more in the UAE under a licit job contract.
  4. The applicant must have health insurance which includes family members.

For further information, please contact us: audit@alyaauditors.com

Thank you Aiswarya Promod for your insights.

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