Everything you need to know about Golden Visa
Everything you need to know about Golden Visa All VISA Related Services: Contact Tycoon Documents, Dubai Check Eligibility Contact us What Is the UAE Golden Visa? In 2019, the United Arab Emirates launched a new visa system for long-term visa holders. This is known as a Golden visa. This Golden Visa allows foreigners to live, work and study in the United Arab Emirates. The 2019 amendment hopes to attract new foreign residents, especially to Dubai. Read on to learn about the eligibility criteria and advantages of the UAE Golden Visa. The UAE’s ‘Golden visa’ is a long-term residence visa which enables foreign talents to live, work or study in the UAE while enjoying exclusive benefits which include: an entry visa for six months with multiple entries to proceed with residence issuance a long-term, renewable residence visa valid for 5 or 10 years the privilege of not needing a sponsor the ability to stay outside the UAE for more than the usual period of six months in order to keep their residence visa valid the ability to sponsor their family members, including spouses and children regardless of their ages the ability to sponsor unlimited number of domestic helpers the permit for family members to stay in the UAE until the end of their permit duration, if the primary holder of the Golden visa passes away. UAE Golden Visa Category Investors Public investmentReal estate investment Entrepreneurs Owner of a registered startupApproved idea of a startupFounder of a startup that was sold outside or inside the UAE Exceptional talents Culture & ArtInventors & InnovatorsSportsDigital technology Scientists & Professionals ScientistsChief Executives & Senior OfficialsScience ProfessionalsEngineering ProfessionalsHealth ProfessionalsEducation ProfessionalsBusiness and Administration ProfessionalsInformation Technology ProfessionalsLegal, Social, and Cultural Professionals Outstanding Students & Graduates Best performing secondary school studentsBest graduates from UAE universitiesGraduates of the best 100 universities worldwide Humanitarian Pioneers Renowned members of international and regional organizations and associations of public benefitRecipients of awards in humanitarian fieldsVolunteers and sponsors of humanitarian efforts Frontline Heroes Frontline workers that show extraordinary efforts in crises, such as pandemics Advantages of Having a UAE Golden Visa You can work, reside, travel, and invest in the UAE You will hold a long-term renewable visa valid for 10 years You can sponsor yourself and your family members regardless of their ages You can sponsor unlimited number of domestic helpers You will be allowed for multiple entries followed by the issuance of residency permits You can stay outside of the UAE for any duration without having to nullify your Golden Visa. Allows your family to stay within the UAE until the end of the duration of the Golden Visa even in the event of the primary visa holder’s death. All foreign nationals holding a Golden Visa and having driving license from their home country can now take driver’s test without extra lessons Additionally, if the Golden Visa holders have a license from one of 32 approved countries, including the US, UK, Australia, Italy, Saudi Arabia, South Africa, Spain, New Zealand, Qatar, Kuwait, and Ireland, they will automatically be eligible for a UAE driver’s license You can have 100% ownership of any business started and operated in the UAE. All Golden Visa holders will be gifted the coveted Esaad Privilege Card for FREE Golden visa requirements Investors in public investments If you invest in an investment fund, you may be granted a Golden Visa for a period of 10 years without a sponsor, subject to the: submission of a letter from an investment fund accredited in the UAE stating that the investor has a deposit of AED two million, or submission of a valid commercial licence or industrial licence and a memorandum of association stating that the investor’s capital is not less than AED two million submission of a letter from Federal Tax Authority stating that the investor pays the government no less than AED 250,000 (two hundred and fifty thousand) annually. Additionally, you must: own the invested capital completely; it must not be a loan and provide proof of medical insurance for himself and his family (if any). Real estate investors If you own a property or a group of properties, you may be granted a Golden visa for a period of 5 years, renewable on the same conditions and without a sponsor subject to the: provision of a letter from the land department of the respective emirate stating that he owns one or more properties whose value is not less than 2 million dirhams purchase of a property with a loan from specific local banks approved by the competent local entity. Entrepreneurs If you are an entrepreneur, you may get a Golden visa for a period of 5 years, if you own an economic project of a technical or future nature based on risk & innovation. In addition, you must have an approval letter from each of the following: an auditor in the UAE stating that the project value is not less than 500,000 dirhams the authorities in the emirate stating that the project is of a technical or future nature an accredited business incubator in the UAE to establish the proposed activity in the country Outstanding specialised talents Outstanding specialised talents include: doctors scientists creative people of culture and art inventors executives specialists in scientific fields athletes doctoral degree holders and specialists in the fields of engineering and science. Subjects relating to engineering and science include: epidemiology and viruses artificial intelligence big data computer engineering electronic engineering software engineering electrical engineering genetics and biotechnology engineering. If you have an outstanding specialised talent, you may get a Golden visa for 10 years after meeting the requirements mentioned below for each category: Doctors and scientists an approval Letter from Ministry of Health and Prevention in the UAE to practice the profession of medicine (for doctors) a letter of recommendation from Emirates Council of Scientists or a letter from Secretariat of the Mohammed bin Rashid Medal for Scientific Excellence stating that the applicant has been awarded the Medal of Scientific Excellence (for scientists). Inventors