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Golden Visa in the UAE

The UAE Cabinet has now recently announced on the approval of Golden visa Sheme. The main objective of this Golden visa scheme in the UAE is to make UAE an ideal place for investors to do their businesses.

Who can avail this golden visa in the UAE?

The UAE Cabinet has now recently announced on the approval of Golden visa Sheme. The main objective of this Golden visa scheme in the UAE is to make UAE an ideal place for investors to do their businesses.

However, there are some criterias and conditions to be met to avail this Golden visa in UAE.

How can investors get a Golden visa in UAE?

Only two different types of Investors in the UAE will be able to take advantage of long-term visa in the UAE.

What are the conditions for investors to avail golden visa in the UAE?
How can entrepreneurs get a golden visa in the UAE?

Entrepreneurs in the UAE will now be granted a long-term visa of five years. This visa can also be upgraded to investors visa if the criteria for Investors visa is met. Entrepreneurs who have had earlier projects of not less than AED 500,000/- and have approvals of qualified business in the UAE, they can be granted a long-term visa.

What are the benefits of an entrepreneurial visa?

The benefits of having an entrepreneurial visa in the UAE is that, it includes entrepreneurs, partners, three executive directors, spouse and children.

The entrepreneur is also allowed to enter the country for six months, multi-entry visa period, with renewal for another six months.

Who are special talents and how can they avail long term visa in the UAE?

Special talents are referred to researchers in the field of science and knowledge for doctors, specialists, scientists, inventors, creative individuals in culture and art. Special talents in the UAE can now be granted golden visa including for spouses and their children.

To avail this golden visa, the special talents should have a valid employment contract and the conditions for each talent is mentioned below:

 

For Scientists:

 To be accredited by the Emirates Scientists Council

  • Holders of the Mohammed Bin Rashid Medal for Scientific Excellence.

For Creative individuals in culture and art:

  • Accredited by the Ministry of Culture and Knowledge Development

For Inventors:

  • Obtain a patent of value added to UAE’s economy with the approval of the Ministry of Economy

For Exceptional Talents:

  • Individuals possessing exceptional talents that have been recognized by patents or scientific research published in world-class journals.

For Executives:

  • Owners who are running internationally recognized companies.
  • Holders of high academic achievement, professional experience and position

For doctors and specialists:

Any two conditions of the below email mentioned are to be met:

  • Should be PhD degree holder from one of the top 500 universities in the world.
  • Should hold an award or certificates of appreciation for the work in the applicant’s jurisdiction.
  • Should have made specific contribution to a major scientific research related to the work of the applicant.
  • Should have published articles or scientific books in distinguished publications in the field of work of the applicant.
  • Should be a member in an organization related to the work of the applicant, which requires excellent work to accept membership.
  • A PhD degree in addition to 10-year professional experience in the applicant’s field of work.
  • Specialization in areas of priority to the UAE (additional requirement for the doctor).

How can outstanding students in the UAE get a long-term visa?

Students who have passed their grades with at least 95% in public secondary schools in public and private schools and with a distinction of at least 3.75 GPA when they are graduating from universities within and outside the country will be granted a long-term visa of five years. Even the families of the outstanding students will be benefitted for this scheme.

 The decision taken by the Cabinet in providing long term visa in the UAE will now facilitate visas for outstanding students, investors, entrepreneurs, specialized talents, researchers which will also include their spouse and children. This new initiative will generate healthy business environment for the business investors, entrepreneurs, special talents and outstanding students maintaining UAE as the country with best business environment.

Source ~ Khaleej Times 

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