If you’re willing to apply for the UAE Golden Visa, then must go through this blog post. Check it out!
Think of yourself surrounded by picturesque skyscraper buildings and a plethora of business opportunities. Well, that’s what living in the UAE seems like. This country that never settles for less is a dream for many individuals. And then if you get a Golden Visa here, it’s like a cherry on top. But before that, let us tell you why there is too much hype regarding the Golden Visa.
Why is the Golden Visa of the UAE So Essential?
Back in 2019, the government of the UAE launched the Golden Visa. The motive was to ensure a chance of having a sustainable lifestyle for the foreigners in the country. So, the best thing the government thought of doing was to issue Golden Visas to the eligible candidates.
Along with bringing a privileged status for residents, it brings a plethora of perks. If you are an entrepreneur or professional, then having a Golden Visa saves you from several barriers in the accomplishment of several processes.
In simple words, it’s a long-term residence visa for individuals who believe in showing exemplary performance in their profession. Unlike the “Kafala” sponsorship system where the foreigners generally get limited residence permit duration, the residence term is 10 years in Golden Visa. Eager to know how to apply for it? Let’s dive in.
Benefits of UAE Golden Visa
If we talk about the Golden Visa system, then all we hear is its neverending benefits. It offers 5 and 10 years long-term residency that’s eligible for renewal. Here are the following groups which get advantages of it:
3. Individuals with outstanding talents( researchers, medical, scientific and other knowledged professionals)
4. Outstanding Students
Recently, the General Directorate of Residency and Foreigners Affairs(GDFRA) launched the 24*7 service called, ‘You are Special.’ Although the service was announced last year, it became operational this March.
The focus of the service will be to assist Golden Visa holders. Isn’t having a Dubai Golden Visa a win-win thing? Now, it’s time to tell you the eligibility criteria to apply for it.
What are the eligibility criteria to apply for the Golden Visa?
When it comes to eligibility criteria to apply for the Golden Visa, it’s might differ from group to group. Here is what you need to know about the golden visa eligibility criteria.
Requirements For Investors
As an investor, there are a few things you need to keep in mind while applying for a Golden visa. Just cross-check if you’re fulfilling the following criteria:
1. Must have at least AED 10 million of public investment (Either as an investment fund or a company) for 10-years golden and AED 5 million for a 5-years visa
2. 60% of the total investment should not be in the form of real estate, loan or any kind of assets
3. Investors require to have 100% ownership
4. Being an investor, you need to hold the investment for a minimum of 3 years periods
In addition to entrepreneurs, people with specialized talents like doctors, researchers, scientists, Executive Directors, Educators (in priority fields), Sports, Ph.D. Holders, Engineers, investors, and artists can also apply for the golden visa. These individuals can receive a 10-year visa after accreditations are granted by their respective departments and areas and the visa will also be extended to their parents, spouses, and children if the graduate has the financial means to do so and is able to provide accommodation.
Requirements For Individuals with Outstanding Talents
Even individuals with outstanding talents can apply for Golden Visa. Yes, you heard it right. You don’t require to be an entrepreneur for it. So, if you hold a special talent in the fields of medical science, sports, various arts, and more, then too you can apply for the Golden visa. Scroll down to know a few of the important criteria:
1. Scientists: Accreditation by the Emirati Council of Scientists or must hold the Mohammed Bin Rashid Medal for Scientific Excellence
2. Artists: Accreditation by the Ministry of Culture and Knowledge Department
Although the aforementioned points are just a few criteria, it’s beneficial to seek advice from a management service for easy Golden visa processing.
Criteria For Students
Good grades might not buy you a castle, but they’ll definitely get you a Golden Visa of UAE. Dubai’s government allows academically sharp students a chance to explore their potential. So, they offer them a chance to relocate to UAE without any hassle. If you secured 95% grades or above in graduation, you’re eligible to apply for the Golden Visa.
How to Easily Apply For UAE Golden Visa?
I think after reading about the endless benefits of a Golden Visa, you might be eager to know how can you apply for it. Well, you just need to visit the official website of the Federal Authority for Identity and Citizenship (ICA)or the General Directorate of Residency and Foreigners Affairs (GDRFA). Both the authorities work under the supervision of the Ministry.
ICA offers you online channels, whereas GDRFA provides both online and offline channels.
Wrapping it up:
Indeed, having a UAE Golden Visa gives you a cornucopia of benefits you can enjoy with. This country of skyscrapers has a strong security system, state-of-the-art infrastructure, liberal trade laws, and much more. Ready for the hassle-free processing of a Golden Visa in Dubai? Get in touch with Visa experts today!