UAE Golden Visa

The United Arab Emirates (UAE) has introduced a 10-year Golden Visa to attract and retain top professionals, including engineers, physicians, Ph.D. holders from UAE-accredited universities with a Grade Point Average (GPA) of 3.8 or above. This initiative aims to recognize and retain talented individuals and great minds who contribute to the country’s growth and development.

Overview of the UAE Golden Visa

The Golden Visa was first launched in 2019 as part of the UAE’s long-term residency program under the leadership of Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai. Since its launch, more than 400 investors, entrepreneurs, and professionals, along with their families, have been granted this exclusive visa.

About the United Arab Emirates (UAE)

The UAE is a federation of seven emirates:

• Abu Dhabi (the capital)
• Dubai
• Sharjah
• Ajman
• Ras Al Khaimah
• Fujairah
• Umm Al Quwain

The UAE has an estimated population of 9.9 million and is a global hub for business, tourism, and innovation. The country is home to vibrant cities such as Dubai, Abu Dhabi, Sharjah, Al Ain, and Ras Al Khaimah, making it an attractive destination for professionals and investors.

Purpose of the UAE Golden Visa

The Golden Visa program was introduced to:

• Attract and retain global talents.
• Promote business investment and economic growth.
• Recognize long-term residents and their contributions to the UAE.
• Provide security and stability for professionals and their families.

This long-term visa is valid for 10 years and is renewable, offering a pathway to residency and enhanced business opportunities in the UAE.

Who Can Apply for the UAE Golden Visa?

The Golden Visa is open to five categories of non-residents:

1. Investors
2. Entrepreneurs
3. Chief Executives
4. Specialists (scientists, doctors, researchers, and innovators)
5. Meritorious students

Eligibility Requirements for the UAE Golden Visa

For Investors

Must meet one of the following criteria:

• Invest a minimum of AED 10 million in an approved UAE investment fund.
• Own a company with AED 10 million capital or be a partner in a company with an equal investment share.

Additional Conditions:

• The investment should not be funded through loans and must be retained for at least three years.
• Must provide proof of financial stability.
• Must have an insurance plan covering themselves and their family.

For Entrepreneurs

• Must own a startup or business worth at least AED 500,000.
• Must have approval from a UAE-certified business incubator.
• Must have health insurance coverage for self and family.

For Specialists (Scientists, Researchers, and Innovators)

• Ph.D. holders with 20 years of experience in a specialized field.
• Professors from top 500 international universities recognized by the UAE’s Ministry of Education.
• Award-winning specialists who have made significant contributions in their field.
• Scientists working in critical sectors beneficial to the UAE’s economy.

For Chief Executives

• Must hold a Bachelor’s degree or higher.
• Must have a minimum of five years of experience in a leadership role.
• Must earn a salary of at least AED 30,000 per month and have a valid employment contract.
• Must have health insurance coverage for themselves and their family members.

For Inventors and Creative Professionals

• Must have a patent approved by the UAE’s Ministry of Economy, proving its economic value.
• Artists and professionals in culture and knowledge fields must be endorsed by the UAE’s Ministry of Culture and Knowledge Development.

Benefits of the UAE Golden Visa

• Long-term residency for 10 years (renewable).
• No need for a local sponsor.
• Ability to sponsor family members, including spouses, children, and parents.
• Business and investment opportunities with greater flexibility.
• Access to world-class education and healthcare facilities.
• Enhanced stability and security for professionals and their families.

How to Apply for the UAE Golden Visa?

Step 1: Register your interest on the UAE’s Federal Authority for Identity and Citizenship (ICA) portal.

Step 2: Check if you meet the eligibility requirements for your respective category.

Step 3: Gather and submit the required documents, including proof of qualifications, financial statements, and sponsorship details.

Step 4: Fill out the visa application form and submit it through the official portal.

Step 5: Receive your Golden Visa and enjoy its benefits!

Why Choose EKASO – TAKA IMMIGRATION LAW CONSULTANTS PVT LTD?

At EKASO – TAKA IMMIGRATION LAW CONSULTANTS PVT LTD, we provide expert guidance and end-to-end visa services, including:

• Eligibility assessment and consultation.
• Document preparation and verification.
• Application submission and follow-up.
• Legal advisory for investment-based visas.
• Guidance on business setup and compliance.

For more details on the UAE Golden Visa and other visa options such as the UAE Green Visa, contact EKASO – TAKA IMMIGRATION LAW CONSULTANTS PVT LTD today!