Since its implementation in 2019, the UAE Golden Visa system has created quite a commotion among some groups of ex-pats interested in obtaining permanent residency in the United Arab Emirates through various means.
The UAE Golden Visa system allows foreign citizens to live, work, conduct business, and study in the United Arab Emirates without the need for a sponsor from their home country. Foreign business owners and investors are also permitted to possess a 100 percent stake in their company in the United Arab Emirates. These visas will be provided for five or ten years, and they will be automatically renewed. Here is all you need to know about the Golden Visa in the United Arab Emirates, including the current requirements, advantages, application procedure, and other important information.
What exactly does the Golden Visa have to offer?
It essentially grants long-term residency (5 to 10 years) to individuals who fall into one of the following specified categories: investors, entrepreneurs, individuals with exceptional abilities such as researchers, medical professionals and those working in the scientific or knowledge fields, as well as outstanding students. The golden visa is particularly relevant to Masdar City, which serves as the region’s research and development hub for innovation and technology focused on sustainability.
It has been reported that the General Directorate of Residency and Foreigners Affairs (GDRFA) in Dubai will begin implementing the previously announced 24×7 “You are Special” programme on Monday. Among other things, the programme is intended to aid Golden Visa holders. One of the most significant advantages would undoubtedly be increased security; by issuing a Golden Visa, the UAE government has made it clear that they are committed to providing expatriates and investors alike, as well as anyone else considering making the UAE their home, with an additional reason to feel confident about their future.
How can I apply for a Golden Visa to the United Arab Emirates?
All interested people must complete an online application through the International Civil Aviation Organization’s Smart Services Platform (ICA Smart Services) to apply for a UAE Golden Visa. This is a rather basic procedure, with candidates just needing to submit the relevant documentation and be prepared to relocate to the United Arab Emirates in order to pursue their business endeavour in the country.
What is the cost of the Golden Visa, and how long does it last?
The fees for the UAE Golden Visa are AED 650 and AED 1,150 for the 5-year and 10-year options, respectively.