The UAE Golden Visa is a long-term residency program introduced by the United Arab Emirates (UAE) government in 2019. It offers eligible individuals and their families the opportunity to obtain a renewable residency visa for an extended period, typically ranging from 5 to 10 years, with the possibility of renewal as long as the criteria are met.
The UAE Golden Visa program aims to attract and retain individuals who can contribute to the country’s economy and development. As the program is subject to updates and changes, it’s crucial to refer to official government sources or consult with legal experts for the most accurate and current information if you are considering applying for the Golden Visa.
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Advantages of the UAE Golden Visa
Strategic Global Connectivity: Positioned at the crossroads of Africa, the Middle East, Asia, and Europe, the UAE Golden Visa serves as a gateway to diverse regions.
Enhanced Security and Safety: Experience a safe and secure environment that fosters peace of mind.
Superior Services and Quality of Life: Enjoy a high standard of services and an exceptional quality of life.
Inclusive Family Benefits: Notably, the visa allows the inclusion of an applicant’s spouse and unmarried children of any age, without requiring additional investment.
Business-Friendly Atmosphere: The UAE ranks among the top 30 countries globally for its business-friendly environment.
Favorable Tax Structure: Investors benefit from an advantageous tax regime, featuring exemptions from personal income, capital, net worth, and withholding taxes (excluding specific levies in the domestic banking and oil sectors). Additionally, numerous double-tax treaties are in effect.
Lucrative Real Estate Potential: Experience substantial value through real estate investments in the region.
Efficient Residency Process: The streamlined and efficient residence permit system simplifies the process for Golden Visa holders.
International Affiliations: The UAE is a recognized member state of prominent international bodies, including the United Nations, Gulf Co-operation Council, and Arab League.
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Requirements for the UAE Golden Visa
The UAE’s Golden Residence visa program encompasses a variety of beneficiary categories. Among these, real estate investors have the opportunity to secure a renewable 10-year residence visa by meeting one of the following criteria:
Property Acquisition: Acquire a property with a value exceeding AED 2 million (approximately USD 550,000).
Property Acquisition with Loan: Purchase a property with a value exceeding AED 2 million (approximately USD 550,000), facilitated by a loan from specific local banks.
Off-Plan Property Investment: Invest in one or more off-plan properties from approved local real estate companies, collectively valued at a minimum of AED 2 million (approximately USD 550,000).
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Procedures and Timeline of the UAE Golden Visa
The process of obtaining a UAE residence through the Golden Visa involves the following steps and timeframe:
Application Submission: To apply for UAE residence, the applicant must submit completed application forms along with the necessary fees and supporting documents. The resulting Golden Residence visa holds a validity of 10 years, with the possibility of renewal. It’s important to note that residing outside the UAE does not invalidate the visa.
Initial Due Diligence and Submission: Following the completion of initial due diligence checks and payment of the retainer, the application for UAE residence can be officially submitted to the government.
Requirements Fulfillment and Initial Approval: Once the stipulated requirements are met, and subject to the initial approval of the application, the successful applicant is granted a six-month multiple-entry visa. This visa permits travel to the UAE, where subsequent steps are taken, including obtaining an ID card and undergoing a medical examination.
Full Approval and Residence Visa: Following the completion of the aforementioned steps and the successful conclusion of the application process, the client is granted full approval. This results in the issuance of the residence visa.
Processing Time: The processing duration for the residence application typically extends beyond eight weeks.
It’s crucial to adhere to the specified procedures and timelines to ensure the smooth acquisition and renewal of the UAE Golden Visa.
Benefits for Investors
Investors who obtain the UAE Golden Visa enjoy various benefits, including:
Long-Term Residency: You and your eligible family members can stay in the UAE for an extended period.
Business Opportunities: As a long-term resident, you can explore and participate in business opportunities within the UAE.
Family Sponsorship: You can sponsor your immediate family members for long-term residency as well.
Stability: The Golden Visa offers stability and security, allowing you to plan for the long term.
No Local Sponsor: You are not required to have a local sponsor (employer) to maintain your visa status.
Important Considerations:
Keep in mind that the specific requirements, investment amounts, and application procedures can change over time. It’s crucial to consult official UAE government sources or legal experts to get the most accurate and up-to-date information before applying for the Golden Visa as an investor.
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the UAE Golden Visa program for entrepreneurs
Certainly, here’s an overview of the UAE Golden Visa program for entrepreneurs:
Eligibility Criteria for Entrepreneurs:
Business Setup: Establishing a new business in the UAE or significantly expanding an existing business.
Innovation and Contribution: Demonstrating innovative ideas, technologies, or contributions that positively impact the UAE’s economy.
Investment: Making a substantial financial investment in a UAE-based business.
Job Creation: Creating job opportunities for UAE nationals or other residents.
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Application Process for Entrepreneurs
The application process for the Golden Visa as an entrepreneur involves several stages:
Preparation of Documentation: Gather all necessary documents, including business-related papers, passport copies, photographs, and other required materials.
Application Submission: Complete the application process via the official online portal provided by the UAE government.
Review and Approval: Government authorities will review your application and associated documents. If all requirements are met, you’ll receive an approval for the Golden Visa.
Visa Issuance: Upon approval, you’ll be granted the Golden Visa, generally with a validity period of 5 or 10 years.
Renewal: The Golden Visa is renewable, contingent on meeting the entrepreneur criteria and other conditions laid out by the UAE government.
Benefits for Entrepreneurs:
Entrepreneurs who attain the UAE Golden Visa can enjoy various advantages, such as:
Extended Residency: Obtain a long-term residency permit for you and your eligible family members.
Business Opportunities: Leverage the opportunity to explore, establish, and expand your entrepreneurial ventures within the UAE.
Family Sponsorship: Sponsor your immediate family members, including spouse and children, for long-term residency.
Stability: Benefit from the stability and security offered by the Golden Visa.
No Local Sponsor Requirement: Unlike many UAE residency options, the Golden Visa doesn’t mandate a local sponsor (employer) for maintenance of visa status.
Important Considerations:
Please be aware that the specific entrepreneur criteria, application process, and related regulations could change over time. For the latest and most accurate information, consult official UAE government sources or seek guidance from legal professionals before initiating the application process for the UAE Golden Visa as an entrepreneur.
Talented Professionals
Eligibility Criteria for Talented Professionals:
The UAE Golden Visa program extends to talented professionals who excel in various fields, including but not limited to:
Medicine and Healthcare: Recognized doctors, specialists, researchers, and medical professionals with significant contributions to the field.
Science and Research: Scientists, researchers, and experts who have made noteworthy contributions to scientific advancements.
Engineering: Engineers and innovators with remarkable achievements and expertise in engineering disciplines.
Art and Culture: Artists, authors, designers, and cultural figures who have achieved distinction in their respective domains.
Sports: Accomplished athletes and sports professionals who have attained significant recognition on an international level.
Application Process for Talented Professionals:
The application process for the Golden Visa as a talented professional typically involves these steps:
Gather Documentation: Collect the necessary documents to showcase your achievements, expertise, and contributions in your field.
Apply Online: Submit your application through the official UAE government’s online portal.
Review and Approval: Government authorities will evaluate your application and associated documents. If you meet the criteria, you’ll receive approval for the Golden Visa.
Visa Issuance: Once approved, you’ll be granted the Golden Visa, usually with a validity period of 5 or 10 years.
Renewal: The Golden Visa is generally renewable, subject to continuing fulfillment of the criteria and adherence to relevant regulations.
Benefits for Talented Professionals:
Talented professionals who attain the UAE Golden Visa can enjoy several benefits:
Extended Residency: Obtain a long-term residency permit for you and your eligible family members.
Professional Opportunities: Access and contribute to the UAE’s growing professional landscape in your area of expertise.
Family Sponsorship: Sponsor your immediate family members, including spouse and children, for long-term residency.
Stability and Recognition: Benefit from the stability and recognition provided by the Golden Visa.
No Local Sponsor Requirement: Unlike some other UAE residency options, the Golden Visa typically doesn’t necessitate a local sponsor (employer).
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Scientists and Researchers
Here’s a detailed overview of the UAE Golden Visa program for scientists and researchers:
Eligibility Criteria for Scientists and Researchers:
The UAE Golden Visa program extends to scientists and researchers who have made substantial contributions to their respective fields. The eligible categories might include:
Scientific Research: Professionals engaged in pioneering scientific research, advancements, and discoveries.
Academic Excellence: Renowned academics, scholars, and educators with significant contributions to knowledge and learning.
Innovative Technologies: Innovators and experts who have developed groundbreaking technologies and solutions
Benefits for Scientists and Researchers
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