A Guide To UAE Golden Visa

UAE Golden Visa is one of the residency by investment programs that offers residency for foreigners. Introduced in 2021, The program aims to develop its economy.

Investors, special talents, and students can apply for this program, and they can work and study as well. What’s more, family members can also apply with the main applicants.

In this article, you can find more details and benefits of Golden Visa UAE. Let’s start.

What is Golden Visa UAE?

This is a long-term residency visa offering foreign investors and talents to live, work, and/or study in the country. The program provides many benefits for its applicants such as being a self-sponsored visa. Regardless of age, your spouse and children can be added to the program.

Through UAE citizenship by investment, the country aims to attract talent into the UAE. In this way, such talents and investors can contribute to the country’s economy in return.

Who Can Apply?

Various individuals from different backgrounds can apply for UAE Golden Visa, such as:

• Entrepreneurs
• Special talents
• Investors
• Scientists
• Humanitarian innovators
• Professionals,
• Outstanding students and graduates, and
• Frontline heroes.

Benefits of UAE Citizenship by Investment

When you get UAE Golden Visa, you can live, work, and study in the UAE. The country also allows dual citizenship, too. If your home country also allows this, you can become a citizen of both the UAE and your home country.

Another benefit of getting UAE citizenship through investment is that you can add your family members to the program. Also, their age is not an important criterion, unlike other Golden Visa programs. Your spouse and children can be added to the program.

A UAE passport allows you a visa-free visit to around 60 countries worldwide. Schengen countries are among them. Also, you don’t deal with bureaucracy while opening a bank account in UAE. Establishing a company is another advantage for you.

Types of UAE Golden Visa

There are two categories that UAE Golden Visa offers. One is a 10-year and the other is a five-year category.

10-Year UAE Residence Visa

The 10-year visa is for investors and exceptional talents. These special talents can be in the areas of art and culture. Also, specialists and researchers can apply as well. Specialists include scientists and doctors.

Investors, on the other hand, must make a public investment which is at least AED10 million. It’s also possible to partner with a company. Or, you can set up a business with a minimum of AED10 million in the UAE. Note that you can’t get a loan while investing in UAE citizenship by investment. Also, you need to prove this as well. In addition, you must keep the investment for at least three years.

Besides all these, extending your Golden Visa to your children, spouse, director, and an advisor is also possible.

5-Year UAE Residence Visa

This visa is available for outstanding students, entrepreneurs, and investors. For example, an investor can invest at least AED5 million in a property. Again, you need to keep your investment for three years. You cannot get a loan to invest in this option, either.

An entrepreneur can get this visa in two ways. One is if they have a project with the amount of AED500,000. Or, they need to be approved by an accredited business incubator in the UAE. For this residence visa, you can add your:

• Spouse,
• Children, and
• Three executives.

As noted above, outstanding students can apply for this option as well. To become eligible, such students need to have a minimum grade of 95 percent in their secondary school. Or, they must be a university student in the UAE or another place. In that case, their minimum GPA must be 3.75.

Family members can again be included under this category, too.

How To Get A UAE Citizenship

You may wonder how to get a UAE citizenship. Note that it’s not a complex process. You’ll start by getting an entry visa to the UAE before you submit an application. Note that getting a multiple-entry visa for six months is possible.

Then, you’ll complete your investment before you finish the documentation process. After that, you’ll apply online. You can also apply physically in Abu Dhabi or Dubai.

In short, UAE Golden Visa offers great opportunities for students, investors, and entrepreneurs. If you’re one of them, go ahead and apply today!