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The UAE has been a top-rated destination for tourism and business, with hundreds of people coming to the country each year. The government of UAE offers different visas for people who want to visit the country. The golden visa UAE is a new visa opportunity for those individuals who are highly skilled or wealthy. The long-term residence visa is issued for 5 to 10 years, based on the applicant’s eligibility criteria. The most common long-term residence visas are the UAE investor or golden visa. Here is everything you need to know about the Golden Visa. We at IdeaBiZone, are here to take you through the process of getting a golden visa. Trust us with the best!
UAE introduced the UAE golden visas in 2020. These visas were added to enable foreigners to work, live, and study in the country without needing a sponsor. It also gave investors 100% business ownership in the mainland of UAE. The UAE golden visa is issued for ten years, and the recipient must continue to meet the set visa conditions. The visa may be renewed for a decade more from the expiry date as long as that is done. The visas of normal expatriate workers need to be renewed after every two or three years.
Golden visas are given to entrepreneurs, investors, researchers working in different fields of knowledge and science, people with specialized talents, and intelligent students with good scientific capabilities.
Nominations for golden visas are based on the choice of senior government bodies or senior Emiratis. In other cases, people also apply for this visa online. People who invest DH1 to Dh2million in properties are also given some options. Those rewarded with the golden visa, their children, and their spouses can apply.
The authorities decide the eligibility of the golden visa. The categories of people described below are allowed to apply for the 10-year UAE residence visa.
People who have made an investment of DH10 million at least in any form are allowed to apply and get a golden visa. These investments can take the form of:
The golden visa covers the children and spouse of the holder and one advisor and executive director. On the condition of Dh10m investment per partner, this can be extended to cover business partners as well.
The UAE golden visa application is also applicable for those working in knowledge and science fields like specialists, doctors, inventors, and scientists, and those in the creative field like art and culture. If you’re a patent or a doctorate, you are eligible for this golden visa, but other conditions are included based on the definition of the talents. These are outlined on the government portal of the UAE. All the applicants belonging to the required categories must have their valid employment contract relating to the UAE’s specialized field of authority.
How to get golden visa UAE? Before getting your Golden Visa, you need to fulfill the requirements and submit the necessary documents. The following are the documents you need to get the entry permit.
When applying for a long-term residence, or golden visa, in the UAE, you’ll need the documents enlisted below.
Yet, this isn’t a list of all the documents needed. The required documents may vary for every case. You may also need the UAE authority’s approval before applying for the visa. Because of the sensitive nature of the golden visa, it’s best to take help from a legal entity or attorney. We at Idea Bizone provide all legal services to reduce your burden and ensure a hassle-free procedure.
If you want to get your UAE golden visa, you need to register yourself on the Federal Authorities for Identity and Citizenship (ICA) website in the UAE.
You will also require your UID, Unified Identification Number. This is a six-digit code assigned to you automatically when you enter the UAE. At Idea BiZone, our dedicated team will assist you throughout, ensuring you get your golden visa with ease.
As per the latest update, UAE golden visa holders can stay outside the UAE for as long as they need without worrying about losing residency. The holders of Golden visas could spend as much as six months outside the country before losing their residency.
Those with a UAE golden visa can also sponsor their families, including their children and spouses. They can also fund as many support services (domestic help) as needed. Another privilege for the family members of the golden visa holder is that they can remain in the country even if the holder passes away till the permit expires.
The UAE Golden Visa can stay valid for 5 or 10 years, after which it will need to be renewed. Once your golden visa validity ends, your visa will be renewed automatically.
Getting your Golden visa in the UAE can be a daunting task. IdeaBiZone gives you the best business consultation services, acquainting you with everything you need to know about getting your golden visa and ultimately helping you get it. Trust us to help you through the process. We won’t disappoint.
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