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

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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