The Golden Visa is a groundbreaking initiative introduced by the Federal Authority for Identity, Citizenship, Customs, and Ports Security in the UAE. This service allows eligible individuals to secure long-term residency for a period of five to ten years. Designed to enhance the UAE’s appeal as a global hub for work, living, and studying, the Golden Visa offers residents, expatriates, and their families the opportunity to reside in the country without requiring a sponsor. Moreover, this visa is automatically renewable, making it an attractive option for professionals, investors, and exceptional talents.
This innovative residency system fosters a business-friendly environment, encouraging growth and success across various sectors. The Federal Authority has actively streamlined the application process to ensure ease of access for eligible individuals through its website and smart application platforms.
Eligibility Criteria for the Golden Visa
The UAE Golden Visa provides a pathway to a 10-year residency, enhancing the country’s competitiveness and creating an ecosystem conducive to business growth and innovation. Below are the categories and conditions for eligibility:
1. Investors in Public Investments
To qualify as an investor, the following requirements must be met:
- Business Ventures: Must have a business idea or legally established business plan in the UAE.
- Investment Capital:
- Provide a letter from an approved UAE investment fund confirming a deposit of at least AED 2 million.
- Hold a valid commercial or industrial license and company incorporation documents showing capital of no less than AED 2 million (not financed by a loan).
- Own shares in a new or existing company valued at a minimum of AED 2 million.
- Alternatively, present a letter from the Federal Tax Authority confirming the company’s annual tax payment of no less than AED 250,000.
2. Real Estate Investors
Eligibility for real estate investors includes:
- Ownership of properties valued at AED 2 million or more, as confirmed by the Real Estate Registration Department, with no outstanding loans on the property.
- Proof of accommodation in the UAE (homeownership or a rental contract).
3. Entrepreneurs
Entrepreneurs are required to meet the following conditions:
- Submit an approval letter from an auditor in the UAE verifying a project value of at least AED 500,000.
- Provide a letter from the relevant emirate’s authorities confirming that the project has a futuristic or technical focus.
- Alternatively, submit a letter from an accredited UAE business incubator supporting the establishment of the proposed activity.
- Submit proof of housing (homeownership or a rental contract) and valid health insurance for at least one year (extendable).
For entrepreneurs in Abu Dhabi and Dubai, applications must be submitted through the respective platforms: AREA 2071 (Dubai) or HUB71 (Abu Dhabi).
4. Exceptional Talents
This category applies to individuals who have made significant contributions in fields such as medicine, science, culture, arts, sports, and technology. Specific requirements include:
- Doctors and Scientists:
- Approval from the Ministry of Health to practice medicine (for doctors).
- Recommendation from the Emirates Scientists Council or recognition from the Sheikh Mohammed bin Rashid Al Maktoum Academic Excellence Award (for scholars).
- Creative Professionals:
- Letter of approval from the Department of Culture and Arts (for artists).
- Recommendation from the Ministry of Economy (for inventors).
- Executives:
- Certified degree and minimum five years of experience.
- Salary of at least AED 50,000 and a valid work contract.
- Specialists and Athletes:
- Specialized certificate in rare fields of priority.
- Recommendation from the General Sports Authority or relevant sports council.
All applicants must provide a valid passport copy and health insurance for at least one year (extendable).
5.Outstanding Students
This category includes:
- High School Students:
- Recommendation from the Ministry of Education.
- Five-year residency (extendable for specialties requiring longer study periods).
- Eligibility to sponsor parents and siblings (subject to conditions).
- University Students:
- GPA of 3.8 or higher, as confirmed by the university.
- Ten-year residency with the ability to sponsor parents, siblings, and family (subject to financial capability).
Application Process
The Golden Visa application process is seamless and user-friendly. Applicants can:
- Submit their application through the Federal Authority’s smart platforms or website.
- Complete the online form, providing all necessary data and attaching required documents.
- Pay the applicable fees electronically through secure payment methods.
Benefits of the UAE Golden Visa
The Golden Visa offers numerous advantages, including:
- Long-term residency without the need for sponsorship.
- Opportunities for families to reside, work, and study in the UAE.
- A stable environment for business and innovation.
- Access to cutting-edge facilities and a dynamic global market.
Conclusion
The UAE Golden Visa represents a visionary step toward fostering economic growth and attracting global talent. By providing long-term residency options for investors, entrepreneurs, exceptional talents, and outstanding students, the UAE cements its position as a leader in innovation and opportunity. For more details and to begin your application, visit the Federal Authority for Identity and Citizenship’s official website or download the ICP UAE Smart app.
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