The idea of the Golden Visa was founded when the UAE did not stop providing the necessary facilities for foreigners, who invest in the country or help to provide important services.
The Golden visa is a long-term residence visa that enables foreign talents to live, work or study in the UAE while enjoying exclusive benefits. Investors, entrepreneurs, scientists, outstanding students and graduates, humanitarian pioneers, and frontline heroes are among those eligible for the Golden visa.
So, tens of thousands of foreigners in the UAE have now been awarded a golden visa in recognition of their special status.
Once the Golden Visas were first approved in late 2020, 44,000 visas were issued in Dubai alone In the first year.
In this article, we will learn in detail about the golden residence visa in the UAE and the conditions for obtaining it:
What is the UAE’s Golden visa?
The UAE’s Golden Visa is a long-term residence visa to enable foreigners to live, work and study in the UAE without a national sponsor and with 100 percent ownership of their business and enjoying exclusive benefits. It was released in 2019 to give its owner the opportunity to reside in the country without a national sponsor, and the duration of the holders of these cards ranges between 5 to 10 years.
A few months later, precisely in November 2020, the UAE Cabinet announced the adoption of some changes in the Golden Residence Granting Program. The new accreditation included new categories, from those who deserved golden residence, for the ten-year category, as it became renewable.
Exclusive benefits for UAE Golden Visa holders
The golden residency holder enjoys exclusive benefits that include:
- Multiple-entry visa for 6 months to complete the golden residency procedures.
- A long-term, renewable residence visa valid for 5 or 10 years.
- The golden residency holder can stay outside the UAE for a period exceeding 6 months.
- No need for a guarantor within the country.
- It allows the issuance of residence permits for the foreigner's family members, including the spouse and children.
- There is no maximum number of support service workers that can be recruited.
- Family members can stay in the country for the duration of their residency validity, in the event of the death of the breadwinner who obtained the golden residency.
All these advantages have been included in the recent amendments, which were approved by the Council of Ministers; To add more elements of protection, safety, and comfort for foreigners residing in the country.
How to get a UAE Golden Visa through Freezoner?
At Freezoner we work to facilitate all procedures within the Emirates, for our existing customers, and those who want our services all the time, as well as all other administrative and legal services, and clearing the procedures for establishing companies in UAE. Currently, we provide a Golden Visa service that provides additional services, with more than 20 services added.
You have to contact us now and show us some data, in order to make sure of your eligibility for a golden visa, then we help you complete the procedures so that you can obtain your golden residence in the UAE very quickly.
UAE Golden Visa requirements - who is eligible?
It's so changer requirements for the UAE Golden Residency, but the latest update approved granting Golden visas to investors, entrepreneurs, people with specialized talents, researchers in various fields of science and knowledge, and bright students with promising scientific capabilities.
Each of the categories has conditions and deadlines required for granting them a golden visa, which are as follows:
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, after providing several statements like 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 license or industrial license and a memorandum of the association stating that the investor’s capital is not less than AED two million
Real estate investor
If you prove your ownership of 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 after a 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.
There are many other conditions for talents, scholars, and specializations. We review them in a special article. Follow us to know all that is new.
Note: This information is among the most recent revisions to the golden visa system as of March 2, 2023.