GOLDEN VISA
WHAT IS UAE GOLDEN VISA?
The Golden Visa was invoked by the government of the United Arab Emirates in 2019, under Cabinet Resolution No.56 of Organization of Residence Permits for Investors, Entrepreneurs and Professional Talent, 2018. This colossal move was made to make Dubai, investors and industrial friendly and catalyze global tourism, specifically to Dubai. Presently it invites applications from entrepreneurs, professionals from science, knowledge, sports, theatre, and drama. Such individuals must have a net worth of a minimum of AED 10 million. Primarily issued for 5 or 10 years only, it gets automatically renewed once granted. Therefore, industrialists who seek to broaden their operations or individuals who seek to home in Dubai later in the future can very well apply for this visa.
WHO CAN APPLY?
- Possess AED 10 million worth of public investment, which can either be in the form of an investment fund or a company.
- Furthermore, 60% of the total investment must not be in the form of real estate. The investor must have complete ownership of assets.
- The invested amount must not be loaned.
- The investor or licensee must be able to retain the investment for a minimum period of three years.
Apart from enterprises, anyone from the field of specialized talents such as doctors, researchers, scientists, sportspeople and artists can also apply for the Golden visa at UAE, once:
- Scientists must have been accredited by Emirates Scientists Council or the holders of Mohd. Bin Rashid Medal for Scientific Excellence.
- Inventors must obtain a patent, which adds value to the economy of UAE and must be accredited by the Ministry of Economy.
- Impeccable talents must be documented by patents or scientific research, which must have been published in a worldwide reputed journal.
- Executives shall be owners of a leading and internationally reclaimed company or holders of a very high academic achievement and position.
Doctor or specialists must meet at least two of the following conditions:
- Possess Ph. D. degree from one of the top 500 universities in the world, an award or a certificate of appreciation in the field of the applicant’s work.
- contribution to significant scientific research in the particular realm of work.
- published articles or scientific books in acclaimed publications in the specific field of work.
- membership in an organization primarily related to the field.
- membership in an organization primarily related to the field.
- hold a Ph. D. degree, in furtherance to 10-year professional experience in his field.
- Specialization in areas of crucial importance to the UAE.
- Investors interested in UAE property must have invested in a property of a gross value of not less than AED 5 million.
- The amount invested in real estate should not be on a loan basis.
- The property should be retained for at least three years.
- An entrepreneur with a project in existence, with a minimum capital of AED 500,000, or those who have the approval of an accredited business incubator in the country.
Apart from investors and entrepreneurs, students can also apply for the Golden Visa for UAE, which must be:
- students with a minimum grade of 95 per cent in public and private secondary schools.
- university students within and outside the country have a distinction GPA of at least 3.75 upon graduation.
EXCEPTIONAL FEATURES OF THE GOLDEN VISA
One may set up and invest in UAE. However, with time, if they wish to adopt Citizenship for themselves or their loved ones, hence, they retain the Golden Visa, they may nestle in the country anytime
One may invest in real estate and assemble an investment in UAE without necessary residency. The entrepreneurs need not emigrate with their families and still exercise complete flexibility to travel and stay as and when they wish. The entrepreneur is allowed a multi-entry visa for six months, renewable for another six months. In addition to that, a long-term visa includes the spouse and children, a partner and three executives.
Leaving your homeland and moving to a different country with your family seems daunting to some individuals. However, a keeper of the Golden Visa of UAE needs not to worry about the challenge in applying considerations for business, tax, and education since one can permanently reside in the country through investment first and later gradual permanent migration through a tireless and flexible approach.
Individuals interested in applying for the Golden Visa may do initially through the Federal Authority for Identity and Citizenship (ICA) website. It is the State’s Echannel for residency and citizenship or through the General Directorate of Residency and Foreigners Affairs (GDRFA), a subsidiary of ICA. While ICA provides only online help, GDRFA helps both online and offline application processing.
The application is unchallenging, uncomplicated and precise cut with no room for any ambiguity. All it requires is for interested applicants to submit the following documents according to their decree:
- Investor
- Entrepreneur
- Outstanding Student
- Professional
- Professional
- Consent to relocate to UAE as per your venture in the future
UAE wishes to be a safe haven for people from varied areas and simply not delve into industries and capitalistic ventures, therefore, it has recently included engineers and PhD holders in diverse fields in the eligibility of Golden Visa.
Specialists in the fields of engineering and science must fulfill the following criteria to apply for a Golden Visa in UAE.
- A bachelor’s degree or a higher education certificate or a Degree equivalency letter from the Ministry of Education (in case the certificate is from outside the Country).
- A copy of the residence.
- An employment contract for a profession in one of the following specializations ( Epidemiology Viruses, artificial intelligence, big data, engineering Computer – Electronics Engineering – Software Engineering – Engineering Electrical engineering, genetic engineering, biotechnology engineering).
- Profession when applying – according to the approved major degree/ higher. Education
- Awarded Profession (determined by specialization).
UAE values those who value the lives of others and hence, it invites doctors and medical practitioners to apply for the Golden Visa.
Any doctor can apply for a UAE golden visa who meets the following criteria-
- Possess Ph. D. degree from one of the top 500 universities in the world, an award or a certificate of appreciation in the field of the applicant’s work.
- Contribution to significant scientific research in the particular realm of work.
- Published articles or scientific books in acclaimed publications in the specific field of work.
- Membership in an organization primarily related to the field.
- Hold a Ph. D. degree, in furtherance to 10-year professional experience in his field.
- Specialization in areas of crucial importance to the UAE.
Being one of the fastest-growing economic circuits, with strong infrastructure and robust policies, anyone can get the opportunity to grow in leaps and bounds and have a thriving lifestyle through getting a Golden Visa of UAE. The criteria for UAE Golden Visa is different for professionals from different realms of life.
Creative people and people of culture and art may apply if they possess a recommendation letter from the Culture and Arts Authority. Similarly, inventors must have a recommendation letter from the Ministry of Economy and athletes must have a Recommendation letter from one of the sports councils to apply for UAE Golden Visa.
Furthermore, Executive Directors (General Manager – Executive Director – Chairman of the Board of Directors) may apply for the same if they possess a Company NOC letter or have a Bachelor’s degree or higher education, a monthly salary certificate of 50,000 thousand or more and a personal account statement for 6 months.
Our land believes in fostering young minds and sowing the right seeds for a flourishing future, therefore, it invites students with an impeccable academic record for applying for Golden Visa for UAE. The benefits of such a visa are extended to the families of the students too, therefore one can live, study and build a brighter future without any discomfort. The families of such students can easily apply for the Golden Visa for 10 years.
Students can also apply for the Golden Visa for UAE, who must be-
- Students with a minimum grade of 95 per cent in public and private secondary schools.
- University students within and outside the country have a distinction GPA of at least 3.75 upon graduation.
The applicants must submit the following documents:
- Passport copy
- Passport photo
- Emirates ID
- Visa copy
- Audit report
- Memorandum of association
- Bank statement
- Health Insurance
- Title Deed (AED 2 million)
- Ejari
Steps:
1: Apply for the golden visa nominations, which must also include a profile of all your accomplishments to date.
2: Submit the following documents:
- Passport copy
- Passport photo
- Emirates ID
- Visa copy
- Trade license
- Audit report
- Auditor license and certificate
- Memorandum of association
- Bank statement
- Health Insurance
- Title Deed (AED 2 million)
- Ejari
COST OF UAE GOLDEN VISA
The net worth of investors seeking a golden visa for ten years must be AED 10 million worth of public investment, which can either be in the form of an investment fund or a company. Similarly, for applying for a golden visa for five years, investors interested in UAE property must have invested in a property of a gross value of not less than AED 5 million.
ACQUIRE YOUR GOLDEN VISA TODAY WITH FUTURE VISION
The United Arab Emirates is a mighty nation with world-class infrastructure and a thriving economy, which must be leveraged by every investor looking out to diversify their business. Thus, the entire procedure of obtaining the golden visa might seem over complex and challenging to you; you may forget all your worries with Future Vision.
At Future Vision, an ideal aid for business startups in UAE, we vow to help you in every way, from procuring resources, getting a consultation, registering your business, and now even attaining your golden visa. We provide aid in issuing golden visas to investors and entrepreneurs looking for the perfect framework and network for their venture. We also help residents attain golden visas, who have been here for a long time and have contributed to the country’s development. We compile all your documents after thoroughly going through every prerequisite so that you do not have to worry at all about any hassle later.
We also provide consultation regarding which golden visa to apply for, that is, whether a golden visa for ten or five years would be beneficial for you. Since you divest your trust in us, we ensure that you make the best decision. Our services are also cost-effective, and the value lies in every ounce of faith you bestow on us.
Future Vision guarantees an easy, smooth transition for your business so that you receive your golden visa without obstacles, and our great country, truly becomes your sanctuary, both in terms of your business and home.
We hold immeasurable knowledge of the economy and market conditions prevalent in the UAE, especially Dubai, Sharjah, and Ajman. With our expertise, you will always make the ideal most decisions that are also affordable and customized as per the needs of your establishment.
Join us in UAE, the land where every business grows boundless.