uae golden visa explained who is eligible to apply and what are the requirements

UAE Golden Visa Explained: Who Is Eligible To Apply And What Are The Requirements?

by Desk Writer May 2, 2022 0 Comment

Last updated on September 6th, 2022 at 01:12 pm

In 2019, the UAE implemented a new system for foreigners who wanted to live, work and study in the UAE (United Arab Emirates). The new system provides long term visas to foreigners without the need for a national sponsor.

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Why is the Golden Visa important?

The long term visas or Golden Visa allow foreign citizens to live, work and study in the UAE with 100 per cent business ownership.
These visas will be issued for 5 or 10 years and will be renewed automatically.

Who is eligible to apply for a Golden Visa?

Investors, entrepreneurs, and researchers in various fields of science and knowledge can apply for the Visa.
Bright students with promising scientific capabilities can apply for the Golden Visa too.

What are the terms and conditions to apply for the Visa?

To apply for a 10-year residence visa in the UAE, people having no less than AED 10 million worth of public investment can apply. A deposit of at least AED 10 million in an investment fund inside the country is mandatory.
To apply for a 5-year residence visa in the UAE, people must invest in a property of a gross value of not less than AED 5 million.
The amount invested must not be loaned
The amount should be retained for at least three years.

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What should entrepreneurs know about Golden Visa?

Visa can be extended to include business partners if each partner contributes AED 10 million.
The long-term visa can include the family members, as well as one executive director and one advisor.
Investors from abroad may apply for a multiple-entry permit for a six-month period.

What should students know about Golden Visa?

A minimum grade of 95 per cent in public and private secondary schools can apply for the Visa
University students within and outside the country having a distinction GPA of at least 3.75 upon graduation can apply for the Golden Visa.
Long-term visas od students also cover families

Let us know what you think about Golden Visa?

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