UAE's Golden Visa: What is it, and Who is Eligible?

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UAE's Golden Visa What is it, and Who is
Eligible?

• In 2019, the United Arab Emirates (UAE) decided
  to grant a 10-year golden visa to people who meet
  their specific criteria. This is a new system to
  provide long-term residence visas in order to
  enable foreigners to live, work and study in the
  UAE without the requirement of a national sponsor.

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UAE's Golden Visa What is it, and Who is
Eligible?

• This new policy was launched in order to attract
  new and capable foreign residents to the Emirate
  of Dubai following the economic challenges that
  were caused, due to the covid-19 pandemic
  situation.

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What does this Golden Visa Offer?

• The golden visa is a system that offers long-term
  residency for about 5 and 10 years to people that
  belong to different groups. That includes people
  like entrepreneurs, researchers, medical
  professionals, experts in scientific and
  knowledge fields, people with outstanding
  talents, remarkable students, and investors.

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What Conditions Apply for People with Outstanding
Talent?

• People who have special talents and skills need
  to fulfill certain criteria, in order to become
  eligible to apply for the UAE golden visa
  residency permit. People who are established
  scientists need to be accredited by the Emirates
  scientist council or need to be a holder of the
  Mohammed Bin Rashid Medal for scientific
  excellence.

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What Conditions Apply for People with Outstanding
Talent?

• For creative individuals in culture and arts,
  they need to be accredited by the ministry of
  culture and knowledge development. It is also
  essential for exceptional talent to have
  documented patents or scientific research that is
  already published in world-class journals.

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What Conditions Apply for People with Outstanding
Talent?

• Specialists and doctors need to meet at least two
  of the following conditions which are a Ph.D.
  degree from the top 500 universities across the
  globe and an awarded certificate of appreciation
  in the field of the applicant's work, by
  contributing to major scientific research in
  their respective field of work.

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What Conditions Apply for People with Outstanding
Talent?

• Along with that, they also need to showcase
  published articles or scientific books, or
  distinguished publications in the respective
  field of work. Having membership in an
  organization that is related to their field of
  work is appreciated. The Ph.D. degree in addition
  to 10 years of professional experience in the
  field of specialization in areas that are of
  high priority to the UAE.

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Golden Visa Opportunity for Investors and
Business People

• Any individual who has invested a minimum of 2
  million dirhams in the UAE, can apply for a
  10-year golden visa without a sponsor. The
  investment can be in the form of accredited funds
  in the UAE for a commercial or industrial license
  of an investor where the memorandum of
  association of the legal entity mentions that the
  paid-up capital of the company is not less than 2
  million dirhams.

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Golden Visa Opportunity for Investors and
Business People

• If the investor is the owner of a company in the
  UAE and pays tax of a minimum of 2,50,000 dirhams
  annually, to the federal tax authority, they can
  apply for the UAE Golden visa along with their
  spouse and dependents.

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Golden Visa Opportunity for Investors and
Business People

• Senior employees like executive directors or
  advisors appointed by investors in public
  investment are also entitled to apply for the
  golden visa without a sponsor. Individuals who
  own property worth 2 million dirhams or more are
  also eligible to apply for a 5-year golden visa.

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Golden Visa Opportunity for Investors and
Business People

• Under this category, the properties should not
  have any loan, but if the properties are on loan
  and the value of the properties is their own
  equity, then they can be considered. Retired
  foreigners who are at least 55 years old and have
  1 million dirhams in investments or an income of
  15,000 dirhams per month can apply for the golden
  visa.

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Long-Term Visas for Students

• Outstanding students studying in recognized
  schools and universities inside or outside the
  UAE can apply for special long-term residency
  visas.

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Benefits of the UAE Golden Visa

• It is a 10-year renewable residence visa.
• It does not require any sponsor or employer.
• The visa does not get canceled if the visa holder
  stays outside the country for more than 6 months.
• The visa is granted to the entire family
  including spouses and children without any age
  limit.

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Benefits of the UAE Golden Visa (Continued)

• Potential visa holders get an entry permit that
  is valid for 6 months with multiple entries and
  are allowed to stay until the visa processing
  procedures are completed.
• If the original visa-holding person dies, then
  the family members can continue to stay in the
  UAE, till the end of their residence permit
  duration.

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Benefits of the UAE Golden Visa

• Any individual who fulfills the above criteria
  can apply for the UAE golden visa through the
  website of the Federal authority for identity,
  citizenship, customs, and port security (ICP).
  Just log on online using your mobile, laptop
  computer to apply. For further clarifications or
  any queries related to this particular matter,
  you can contact the ICP and the general
  directorate of Residency and Foreign Affairs in
  the UAE.

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