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The United Arab Emirates (UAE) has long been known as a hub for business and investment opportunities. In recent years, the country has introduced a program called the Golden Visa, which offers long-term residency to individuals who meet certain criteria. This program has attracted significant interest from investors and entrepreneurs worldwide who are seeking to take advantage of the UAE’s booming economy and favorable business climate. However, before you apply for the Golden Visa, there are some important things to know. In this article, we will provide a comprehensive guide on what you need to know before applying for the Golden Visa UAE. From eligibility requirements to the application process, we will cover everything you need to know to make an informed decision about whether the Golden Visa UAE is right for you.
In this article, you will learn how to apply for a golden visa in Dubai. An individual may apply for a Golden Visa in a variety of ways, including through the government, organizations, employers, and more. Let us see:
- What is the Golden Visa UAE?
- Who is eligible for the Golden Visa UAE?
- How to apply for the Golden Visa UAE
- Required documents for the Golden Visa UAE application
- Benefits of obtaining a Golden Visa UAE
- How long does it take to get the Golden Visa UAE?
- How much does the Golden Visa UAE cost?
- Frequently asked questions about the Golden Visa UAE
- Is the Golden Visa UAE right for you?
What is the Golden Visa UAE?
The Golden Visa UAE is a long-term residency visa that is designed to attract foreign investors, entrepreneurs, and highly skilled professionals to settle in the country. As the name suggests, this visa is considered to be a “golden ticket” for those who are looking to establish a long-term presence in the UAE. The visa is valid for up to 10 years, depending on the category, and it can be renewed indefinitely as long as the individual meets the criteria.
Who is eligible for the Golden Visa UAE?
The Golden Visa UAE is open to a wide range of individuals who meet certain criteria. To be eligible for the visa, you must fall into one of the following categories:
Investors: Individuals who have invested at least AED 10 million in the UAE can apply for the Golden Visa UAE. The investment can be in the form of a deposit, property purchase, or business investment.
Entrepreneurs: Individuals who have started a company in the UAE with a capital of at least AED 500,000 can apply for the Golden Visa UAE.
Highly Skilled Professionals: Individuals who are considered to be highly skilled in their field can apply for the Golden Visa UAE. This category includes doctors, researchers, and specialists in science, engineering, and technology.
How to apply for the Golden Visa UAE
The application process for the Golden Visa UAE is relatively straightforward. Here are the steps you need to follow:
- Determine your eligibility: Before you start the application process, you need to make sure that you meet the eligibility criteria for the Golden Visa UAE.
- Gather the required documents: The documents you need to provide will vary depending on the category you fall into. However, some of the common documents required include a passport copy, a passport-sized photograph, a business plan (for entrepreneurs), and proof of your investment (for investors).
- Submit your application: You can submit your application online through the Federal Authority for Identity and Citizenship (ICA) website or through a registered immigration service provider.
- Wait for approval: Once you have submitted your application, you will need to wait for approval. The processing time can vary depending on the category you fall into and the number of applications being processed at the time.
Required documents for the Golden Visa UAE application
As mentioned earlier, the documents required for the Golden Visa UAE application will vary depending on the category you fall into. Here are some of the common documents you will need to provide:
- Passport copy (with a minimum validity of 6 months)
- Passport-sized photograph
- Proof of investment (for investors)
- Business plan (for entrepreneurs)
- Proof of education and work experience (for highly skilled professionals)
- Police clearance certificate
- It is important to note that some of these documents may need to be attested by the UAE embassy in your home country.
Benefits of obtaining a Golden Visa UAE
There are many benefits to obtaining a Golden Visa UAE, including:
–Long-term residency: The Golden Visa UAE allows you to stay in the country for up to 10 years, which can be extended indefinitely as long as you meet the criteria.
–No income tax: The UAE has no income tax, which means that you can keep more of your earnings.
–Business opportunities: The UAE is a hub for business, and obtaining a Golden Visa UAE can provide you with many opportunities to grow your business.
–Access to healthcare and education: As a resident of the UAE, you will have access to high-quality healthcare and education.
–Family sponsorship: If you obtain a Golden Visa UAE, you can sponsor your family members to join you in the country.
How long does it take to get the Golden Visa UAE?
The processing time for the Golden Visa UAE can vary depending on the category you fall into and the number of applications being processed at the time. However, in most cases, the processing time is between 30-90 days.
How much does the Golden Visa UAE cost?
The cost of the Golden Visa UAE will vary depending on the category you fall into. Here are the current fees for each category:
- Investors: AED 10,000
- Entrepreneurs: AED 10,000
- Highly Skilled Professionals: AED 650
It is important to note that these fees are subject to change, so it is always a good idea to check the current fees before applying.
Frequently asked questions about the Golden Visa UAE
- Can I work in the UAE with a Golden Visa UAE? Yes, you can work in the UAE with a Golden Visa UAE.
- Can I apply for citizenship with a Golden Visa UAE? No, a Golden Visa UAE does not provide a path to citizenship.
- Can I travel outside the UAE with a Golden Visa UAE? Yes, you can travel outside the UAE with a Golden Visa UAE.
- Can I sponsor my family members with a Golden Visa UAE? Yes, you can sponsor your family members to join you in the UAE with a Golden Visa UAE.
Is the Golden Visa UAE right for you?
The Golden Visa UAE is an excellent opportunity for foreign investors, entrepreneurs, and highly skilled professionals to establish a long-term presence in the UAE. If you meet the eligibility criteria and are looking for a place to grow your business or advance your career, the Golden Visa UAE may be the right choice for you. With its long-term residency, no income tax, and access to high-quality healthcare and education, the UAE is an attractive destination for many. So, if you are considering applying for the Golden Visa UAE, be sure to gather all the required documents and start the application process today.
2 Comments
Is there any penalty if i stay outside of UAE for morethan 6 months.
Hello Ramesh !
Thank you for your question. Staying outside of the UAE for more than 6 months could potentially result in penalties depending on your specific situation and visa type.
Generally speaking, if you hold a residence visa for the UAE, you are required to enter the country at least once every 180 days in order to avoid having your visa cancelled. If you stay outside of the country for more than 6 months without a valid reason, your visa could be cancelled and you may have to apply for a new visa.
However, there are some exceptions to this rule, such as for students, medical patients, and individuals who hold certain types of employment visas. It’s important to consult with the relevant authorities or a legal expert to determine the specific requirements for your visa type.
I would also like to provide you with a helpful article that goes into more detail about the potential penalties for staying outside the UAE for an extended period of time:
👉https://emiratesdiary.com/visa/stay-outside-uae-for-6-months
I hope this information is helpful.