UAE Golden Visa

0
699
UAE Golden Visa

Last Updated on August 27, 2022 by azamqasim

UAE Golden Visa is a residency program that can turn into citizenship. It’s a very recent program introduced in 2021. While the country develops the economy via this program, applicants get the opportunity to become residents.

Who are these applicants then? Students, special talents, and investors. In addition to living in the country, you can work and study as well through Golden Visa UAE. Applicants can include family members such as spouses and children, too.

This guide aims to provide you with the necessary information about this recent program. Let’s start.

Eligible Group of Applicants

The following group of individuals can apply for the program:

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

Advantages of UAE Citizenship by Investment

As noted above, UAE Golden Visa brings you the right to work, live, and study in the UAE. In addition to these rights, you can hold dual citizenship as well. In this way, you can keep both your original citizenship status and your UAE citizenship. This, however, is possible only if your home country allows this as well.

Your family can get UAE citizenship with you. Furthermore, they can be of any age to benefit from this right. Such eligible family members include your spouse and children. Note that other Golden Visa programs put a restriction on the age of children. So, what UAE provides is a huge benefit if you have children.

Once you get your UAE passport, you can visit almost 60 countries with no visa requirement. These countries include Schengen countries as well.

Another advantage of the UAE Golden Visa is that you can open a bank account without dealing with further bureaucracy. In addition to this, you can establish a company in the UAE as well. You can also register assets in the UAE as a foreigner.

Two Types of UAE Golden Visa

UAE citizenship by investment falls under two categories in terms of time periods. There is a ten-year and five-year category. You can find the details below.

A 10-Year Visa For UAE Residency

This type of schedule is available for exceptional talents and investors. Let’s start with talents.

Special Talents

Creative talents in the fields of art and culture, and researchers and specialists can apply for this category. Such specialists can be inventors, doctors, or scientists. They can include their spouse and children. Note that you need to provide a valid job contract in a field of priority no matter which category you belong to.

Investors

As an investor, you need to make a public investment at a minimum amount of AED10 million. You can also establish a business with a minimum capital of AED10 million in the UAE. Or, you can make a partnership with a company. The company can be a new or an existing one. The share value of the company must be at least AED10 million.

Certain requirements apply when you apply for UAE Golden Visa as an investor. You need to demonstrate that you’re not getting a loan while investing. Also, you have to prove that you have sufficient funds for the investment. You need to maintain the investment for a minimum of three years.

Your business partners can be included in the program if each of your partners invests AED10 million.

In addition, you can extend your Golden Visa to your spouse, children, one executive director, and one advisor.

A 5-Year UAE Residence Visa

Investors, entrepreneurs, and outstanding students can apply for this category. Let’s look at the details.

Investors

Investors can invest at least AED5 million in a property for a five-year UAE Golden Visa. Keeping your investment for three years is another requirement. Getting a loan to make this investment is not permitted.

Entrepreneurs

Entrepreneurs can get a five-year residence if:

  • They have a project with a capital of AED500,000, or
  • They’re approved by an accredited business incubator in the UAE.

You can include your spouse, children, partner, and three executives when you apply for this category.

Students

As an outstanding student, you can be eligible if:

  • You’ve got a minimum grade of 95 percent in your public or private secondary school,
  • You’re a university student in the UAE or somewhere else with a minimum GPA of 3.75.

You can include your family members under this category as well.

How To Get A UAE Citizenship

If how to get a UAE citizenship is your next question, rest assured that it’s a straightforward process.

  • First, you’ll get an entry visa to the UAE before submitting your application. You can get a multiple-entry visa for six months
  • Complete the investment before completing the documentation
  • Finally, apply online or physically in Dubai or Abu Dhabi. You can follow your application status through email and text messages sent to you

So, many reasons appear to attract investors, entrepreneurs, and students from around the world. You can be one of them by applying today!