The United Arab Emirates (UAE) has been a popular travel destination in recent years for businesspeople, entrepreneurs, and those seeking new chances and a high level of life. The Golden Visa program, which permits qualified candidates to reside, work, and invest in the UAE for an extended length of time, is one of its main draws.

The United Arab Emirates Visa program enables foreigners and their families to seek long-term residency there. Those who meet the requirements for a Golden Visa can take advantage of several privileges, including:

  • A Renewable Resident Permit
  • Work Opportunities
  • Extended Visa Validity

How to apply for a Golden Visa in the UAE will be covered in detail in this post.

Understanding the Golden Visa

Foreign nationals can get long-term residency in the United Arab Emirates under the Golden Visa UAE program. To help the nation’s economy flourish, it aims to draw international investors, businesspeople, and highly qualified experts.

Several advantages come with this visa, including the chance to seek citizenship later on, the right to live and work in the UAE, and access to medical and educational resources. This is a fantastic chance for those seeking to create a lasting presence in the UAE.

Who is Eligible for the Golden Visa?

1.     Investors:

Those who invest substantially in companies established in the UAE may be eligible for the visa. Real estate, company ownership, and capital investments are all examples of investments.

2.     Entrepreneurs:

Applicants for the Golden Visa must be successful company owners with creative business concepts. This is intended to promote the development of new businesses and increase economic activity.

3.     Specialized Talents and Professionals:

Individuals with remarkable abilities, talents, and accomplishments in the sciences, the arts, the humanities, athletics, and academics may also qualify for the visa.

4.     Researchers and Scientists:

Researchers and scientists can apply for a visa to continue working in the UAE if they substantially contribute to scientific discovery and research.

5.     Outstanding Students:

Academic institutions may propose exceptional students with a track record of academic success for the Golden Visa.

People with active, long-term visas, such as a 10-year residence visa. You must examine official guidelines and seek expert guidance to evaluate your eligibility. The criteria may change based on the particular category.

How to Apply for the Golden Visa UAE

Five types of non-residents are eligible to apply for the golden card. They include:

  1. Chief Executives
  2. Financiers
  3. Scientists
  4. Deserving Students
  5. Entrepreneurs

The United Arab Emirates government has extra requirements. All UAE applicants who desire to apply for this Golden Visa must meet these requirements.

Investors:

  • (Previous year’s financial report) 10 years as a commercial investor in an investment fund business auditor
  • A copy of the license and the commercial-industrial partner’s list
  • An image of a house
  • The company’s account statement for the last three months. Return on VAT

Note:

  • Only licenses issued by the Emirate of Dubai (exclusively for commercial or industrial uses) are accepted; other license applications are not accepted.
  • If the license is in a free zone or special development zone, a (To Whom It May Concern Certificate from the relevant free zone authorities is required.) 10 years as a depositor (investor) in a fund of investments.

10 years of deposits as an investor in an investment fund

  • The deposit must be accompanied by a letter from the bank stating that it will be withdrawn when two years have elapsed. If so, notice will be given to Dubai’s General Directorate of Residency and Foreigners Affairs.
  • An image of a house
  • Rent Arrangement
  • At the time of application, your occupation was unspecified.

Investor for ten years in a tax-returning investment fund

  • Letter from the Federal Tax Authority
  • Copies of the Partner’s List and Licence
  • An image of a house
  • Employment status at the time of application: unstated
  • The selected category is an investor

Those with specialized expertise and researchers in several fields

Doctors:

  • (Health Authority, Health Ministry, Dubai Healthcare City): Arabic professional license.
  • A replica of the labor card issued by the Ministry of Human Resources; and
  • Contract work approved by one of the entities under The General Directorate of Residency and Foreigners Affairs and Free Zones, such as Emiratization.
  • A photo of the residence
  • Job title as it appears on the license certificate at the time of application
  • The recognized licensed occupation

Scientist:

  • A letter suggesting the recipient of the Medal of Scientific Excellence from the Sheikh Mohammed bin Rashid Al Maktoum Award for Academic Excellence or the Emirates Scientists Council.
  • A copy of your passport
  • At the time of application, your occupation was unspecified.

People who have an interest in the arts and culture:

  • A passport photocopy
  • A letter of reference from the Authority on Culture and the Arts
  • At the time of application, your occupation was unspecified.
  • Following receipt of the reference letter, the position is awarded.

Executive Directors (General Manager, Executive Director, and Chairman of the Board of Directors)

  • The general manager, executive director, and president of the Board of Directors have a 5-year term of service, according to the company’s NOC letter for the Golden Visa.
  • Holds a Bachelor’s degree or equivalent (as evidenced by a Ministry of Education certificate).
  • A certificate attesting to your monthly income of at least $50,000.
  • Sign a work contract that has the same title and salary.
  • Personal 6-month financial statement.
  • I’ll be an executive director and general manager when I apply.
    • The board of directors
  • The title bestowed: executive director.

Experts in Their Fields Among Scientists and Engineers:

  • If the credential is from outside the nation, a letter from the Ministry of Education confirming that the certificate is equal to a bachelor’s degree or higher
  • A replica of the home
  • A contract of employment for one of the following occupations

Epidemiology, viruses, big data, artificial intelligence, computer engineering, electronics engineering, and software engineering in electrical engineering, biotechnology, and genetic engineering.)

  • The profession should be more advanced than the authorized major while applying.
  • Awarded Profession: The profession is determined by specialization

Excellent Students with Science Potential (Graduating in 2019 or Later)

  • Ensure that a Ministry of Education suggestion is carried out.

A text message arrives.

  • A replica of the Dubai Emirate residency permit
  • A copy of your passport
  • No mention of a job on the application
  • Recognised for a career: Outstanding Student

Apply through the ICP website or app, available on Google Play and the App Store.

Processing for the UAE Golden Visa Application

1.     Select a Category:

Based on the aforementioned qualifying requirements, choose the category for which you are eligible.

2.     Gather the Necessary Paperwork:

Prepare the essential paperwork, such as investment documentation, business plans, transcripts, and other pertinent credentials.

3.     Fill Out an Application:

Utilize the official application website or approved governmental organizations. Personal data, background information, and the submission of supporting documentation are required for the application.

4.     Application Evaluation

The UAE government will examine your application, investigate your background, and determine your eligibility.

5.     Biometrics and Physical Exam:

Applicants who complete the initial evaluation may also need to undergo a medical test and collect biometric data.

  1. Approval and Payment:

Should your application be accepted, you will be notified. You need to pay the required costs for the visa at this time.

7.     Visa Issuance:

You and your family can live and work in the UAE for a predetermined period after paying the costs.

Read Also: What is a UAE Golden Visa. We have a complete blog on it.