The United Arab Emirates (UAE) has always been a land of opportunities, attracting people from around the world with its thriving economy, luxurious lifestyle, and picturesque landscapes. In recent years, the UAE government has introduced a game-changer named ‘Golden Visa’. This long-term residence visa program has revolutionized the way people view residency in the UAE, offering extended privileges and opportunities to those who are eligible. In this blog, we will explore what a UAE Golden Visa is, its benefits, and most importantly, best visa consultant in uae the eligibility criteria to obtain a 10-year Golden Visa.
What is UAE Golden Visa?
UAE Golden Visa is a long-term residency program launched in 2019, allowing expatriates and investors to reside in the UAE for an extended period. The program offers various durations, including 5-year and 10-year Golden Visas, which grant numerous benefits and privileges to the holders, akin to those of UAE citizens. These benefits encompass various aspects, from residency to business opportunities, education, and more.
Benefits of a Golden Visa
1. Long-Term Residency
The primary benefit of a Golden Visa is the extended residency period. Holders can reside in the UAE without the need for frequent renewals. This stability is a significant advantage for individuals and their families/dependents.
2. Business Opportunities
Golden Visa holders have easier access to establish and grow businesses in the UAE. This can be a favorable boon for entrepreneurs looking to tap into UAE’s thriving economy.
3. Access to Top-tier Education
For families, the Golden Visa opens doors to prestigious educational institutions in the UAE. This is particularly appealing to parents who want to provide their children with a world-class education.
4. World-class Healthcare
UAE Golden Visa holders can access healthcare services on par with UAE citizens, ensuring top-notch medical care when needed.
5. Real Estate Investments
Real estate has always been a prominent investment avenue in the UAE. Golden Visa holders can invest in properties more easily, promoting long-term wealth and stability.
6. Safety and Security
UAE is known for its safety and security. Having a Golden Visa further enhances the sense of safety and well-being for expatriates and their families.
Eligibility Criteria for a 10-Year Golden Visa
Now, let’s delve into the specifics of the eligibility criteria to obtain a 10-year Golden Visa. This is the most sought-after category, offering the maximum benefits and security.
1. Investors
Investors are one of the primary categories eligible for the 10-year Golden Visa. To qualify, you need to meet the following criteria:
a. Investment in Real Estate: Invest a minimum of AED 10 million in real estate. The investment must not be mortgaged and should be retained for at least three years.
b. Investment in a Business: Invest a minimum of AED 10 million in a UAE-based company. The investment should be in a strategic sector with a minimum partnership of 60%.
c. Total Investment: A combined investment of AED 10 million, where a maximum of 60% can be allocated to real estate.
2. Entrepreneurs
Entrepreneurs can also secure a 10-year Golden Visa. The criteria are as follows:
a. Establishing a business: Start a project with a capital of no less than AED 500,000, granted that the business meets specific conditions, such as being innovative and contributing to UAE’s economy.
b. Approval from a UAE Business Incubator: Your business should receive approval from a UAE business incubator.
3. Specialized Talents
Individuals with specialized talents in various fields can also be eligible for the 10-year Golden Visa. These fields include:
a. Doctors: medical doctors with a Ph.D. degree or a specialized talent recognized by UAE health regulatory authorities.
b. Scientists: researchers in the fields of science and knowledge, holding a Ph.D. degree from a well-recognized institution.
c. Inventors: those who hold patents approved by UAE Ministry of Economy.
4. Innovators
If you are an innovator, you can qualify for the 10-year Golden Visa by fulfilling the following conditions:
a. Holder of a Patent: You should have a patent approved by UAE Ministry of Economy or a reputable international body.
b. Minimum Investment: Invest in an innovative project that is valued at no less than AED 1 million.
5. Outstanding Students
Exceptional students can also secure a 10-year Golden Visa. The requirements include:
a. High Academic Achievement: The student should have a score of at least 95% in secondary school or a GPA of 3.75 and above upon graduation from a higher education institution.
b. Distinction in the Field of Research: For postgraduate students, having published articles or studies in a well-known scientific journal is essential.
6. Pioneers of humanitarian work
You can be granted a 10-year Golden Visa if you are a trailblazer in the field of humanitarian service. For someone to be considered a humanitarian work pioneer, they must fall into one of the following categories:
a. Members and exceptional staff who have worked for civil associations and public interest institutions for a minimum of five years, as well as outstanding personnel who have worked for international and regional organizations
b. The recipients of an appreciation award from a national, regional, or local organization that supports humanitarian efforts, as long as the contribution does not come with a price tag of less than two million UAE dirhams or its equivalent.
7. Specialists in engineering and science
a copy of a work contract and a bachelor’s or master’s degree verified by the Ministry of Education.
8. Outstanding specialized talents
Outstanding specialized talents include:
a. Doctors
b. scientists
c. creative people of culture and art
d. inventors
e. executives
f. specialists in scientific fields
g. athletes
h. doctoral degree holders and
i. specialists in the fields of engineering and science.
Subjects relating to engineering and science include:
a. epidemiology and viruses
b. artificial intelligence
c. big data
d. computer engineering
e. electronic engineering
f. software engineering
g. electrical engineering
h. genetics and biotechnology engineering.
9. Creative people in the fields of culture and art
a. a letter of consent from the relevant emirate’s Department of Culture and the Arts.
10. Executive Directors
a. a transcript from a university approved by the Ministry of Education showing that the student earned at least a bachelor’s degree
b. a letter stating that the applicant has held the same post for at least five years
c. a pay certificate at AED 50,000;
d. finally, a valid work contract
11. Athletes
a. a letter of endorsement from the sports councils or the General Sports Authority
Application Process
Once you meet the eligibility criteria, you can start the application process for the 10-year Golden Visa. Here are the steps:
a. Prepare Necessary Documents: Gather all required documents, including personal identification, proof of your eligibility, and investment documents.
b. Submit an Application: Submit your application through the dedicated portal or a registered typing center.
c. Pay the fees: Pay the necessary application and processing fees.
d. Attend an Interview: You may be called for an interview to verify your eligibility.
e. Receive Your Visa: If approved, you will receive your 10-year Golden Visa.
Conclusion
UAE Golden Visa is a gateway to a world of countless opportunities and privileges in one of the world’s most dynamic and luxurious nations. The 10-year Golden Visa, in particular, is highly coveted, offering extended benefits to investors, entrepreneurs, specialized talents, innovators, and exceptional students. By meeting the specific eligibility criteria, you can unlock the UAE dream and enjoy a life of stability, success, and luxury in the heart of the Middle East. Wordcraft, the best Visa consultants in UAE will help you to get a golden visa easily. Contact us for more!
