The UAE has introduced a residency program named the Golden Visa. The innovative program offers long-term residency to eligible individuals and their families. Designed to attract talented professionals and investors to contribute to the country’s growth and prosperity. Passionate entrepreneurs and exceptional students can also avail of it. Individuals can enjoy a residency period of 5 to 10 years with a Golden Visa. Automatic renewal is available for this Dubai residency visa. Giving its applicant a chance to work, live, and study in the UAE. They don’t require a local sponsor.
This system helps individual’s stability and security. It also plays a key role in the UAE’s aim to build a competitive economy. Successfully doing so by attracting top talent, professionals, and investors alike.
The article will walk you through the conditions and criteria for the Golden Visa. Keep reading to know how immigration services can help you in the application process!
What is the Golden Visa?
The Golden Visa allows foreign nationals to live in the UAE. Live in the UAE for an extended period without a local sponsor needed. Investors, entrepreneurs, skilled workers, and talented individuals can also try their luck. The system is beneficial for establishing or expanding businesses in the country. Ideal to build their careers in key sectors. Offering them an opportunity to make long-term contributions to the nation’s development.
Who is Eligible for the Golden Visa?
The Golden Visa is available to individuals meeting the criteria:
- Investors
- Entrepreneurs
- Skilled Professionals and Talents
- Outstanding Students
Let’s take a closer look at the eligibility conditions for each category:
1. Investors in Public Investment
To qualify as an investor under the Dubai Golden Visa system, the individual must meet one of the following conditions:
| Criteria | Details |
| Business Idea or Business Plan | The individual must have a viable business idea or a business plan to legally establish in the UAE. |
| Investment in UAE | The investor must demonstrate an investment of AED 2 million or more, either through a business partnership or ownership in a company. |
| Valid Commercial License | A valid commercial or industrial license must be in place. It shows an investment of AED 2 million. The amount is not financed by loans. |
| Real Estate Investor | The investor must own properties worth AED 2 million. The property is not subject to any loan. |
| Tax Contribution | Proof of paying AED 250,000 annually to the UAE government. Do so through a business owned by the applicant. |
2. Entrepreneurs
Entrepreneurs applying for the Golden Visa must meet the following conditions:
| Criteria | Details |
| Business Plan Approval | The applicant must have a valid approval letter. Received from an accredited business incubator in the UAE. It could be AREA 2071 or HUB71. |
| Minimum Investment | The entrepreneur’s project value should be no less than AED 500,000. |
| Project Approval | The project should be of a technical or future-oriented nature with the potential for leadership in the field. |
| Health Insurance | Proof of health insurance for one year. It can be extended. |
The entrepreneur will be invited to apply for the Golden Visa on nomination approval. It can be done through the UAE’s immigration platform.
3. Outstanding Specialized Talents
The UAE is keen to attract top talent in top sectors. These include medicine, engineering, and science. The sectors like culture, and sports are also involved. Individuals with exceptional skills can apply for the Golden Visa. Only if they meet the criteria below:
Doctors and Scientists
| Criteria | Details |
| Professional Approval | Doctors must obtain approval from the Ministry of Health to practice their profession in the UAE. Scientists must have a recommendation from the Emirates Council of Scientists or other related organizations. |
| Health Insurance | A valid health insurance policy for at least one year, extendable. |
Creators in Art, Culture, and Innovation
| Criteria | Details |
| Cultural Recognition | Artists must obtain an approved letter from the Department of Culture and Arts in the relevant emirate. |
| Innovation Recognition | Innovators must have a recommendation letter from the Ministry of Economy or related authorities. |
| Health Insurance | Valid health insurance for at least one year. |
Executive Directors
| Criteria | Details |
| Qualification | The executive director must hold a certified university degree. The degree has 5 years of experience in the field. |
| Salary | The salary is no less than AED 50,000 per month. |
| Work Contract | The applicant must submit a valid work contract for the position. |
Athletes and Specialists
| Criteria | Details |
| Specialized Certificates | Applicants must hold specialized certificates in priority fields such as artificial intelligence, engineering, and science. |
| Sports Authority Approval | Athletes must provide a recommendation letter from the General Sports Authority or sports councils. |
| Health Insurance | Valid health insurance for at least one year. |
4. Outstanding Students
The UAE encourages high-performing students to apply for the Golden Visa, with separate criteria for high school and university students.
High School Students
| Criteria | Details |
| Recommendation | A recommendation letter from the Ministry of Education. |
| Duration of Golden Visa | The Dubai Golden Visa for high school students is valid for 5 years. It can be extended. For this, the student enrolls in a university with a longer study program. |
| Family Sponsorship | Outstanding students can sponsor their parents and siblings, subject to certain conditions. |
University Students
| Criteria | Details |
| Academic Excellence | The student must have a GPA of 3.8 or higher. Should be from a UAE-accredited university. |
| Duration of Golden Visa | The Golden Visa for university students is valid for 10 years. |
| Family Sponsorship | University students can sponsor their parents and siblings, subject to financial criteria. |
How Golden Visa Immigration Services Can Assist You
The application process for the Golden Visa can be difficult. However, immigration services can guide you through each step. Their guidance helps understand eligibility, submit documents, and complete the application. Having a reliable immigration service provider means that you meet all the necessary criteria. Some of the key services offered are as under:
- Eligibility Assessment: Immigration services can evaluate your eligibility for the Golden Visa. It is based on your profile and offers personalized guidance.
- Document Preparation: These services assist in preparing and compiling the required documents. Rest assured that everything is in order.
- Application Submission: Immigration services help you submit your application. Do so through the Federal Authority for Identity and Citizenship’s official platforms.
- Renewal Assistance: Immigration services can assist with the renewal process For those already holding a Golden Visa. It gives surety of continued compliance with all regulations.
MBS Consultancy: Your Gateway to Acquire Golden Visa!
The Golden Visa program is an opportunity for investors and skilled professionals to live in the UAE. The hardworking entrepreneurs and outstanding students also use it to contribute to the country’s development. The process is quite complex to obtain a Golden Visa. The experienced consultancy can make it simpler and faster. For this, apply for the visa experts immigration services Dubai from MBS Consultancy.
MBS Consultancy never disappoints when it comes to meeting individual needs. From starting a business to furthering your career. You’ll always find them near even when it’s about providing opportunities for your family. If you want to obtain a Golden Visa, get their quick assistance.
Wrap Up
Dubai Golden Visa offers long-term residency and plentiful benefits. Navigate the application process with ease by partnering with immigration services. They make sure that all requirements are met. Need more information on the application process? Visit the official website of the Federal Authority for Identity and Citizenship at www.icp.gov.ae. You can also download the ICP UAE Smart application. Start a seamless access to all necessary services. Find it hard to do it yourself? Hire MBS Consultancy, the top-notch professional in town!
