Who is Eligible to Apply for UAE Golden Visa

The UAE’s Golden Visa program has become a symbol of opportunity and prosperity in the Gulf region. This special residency initiative has captured the attention of individuals worldwide, all eager to experience the benefits of living and working in the UAE.

But who is eligible to apply for this Golden Visa? In this blog, we will explain the key eligibility criteria, helping you understand the path to securing your place in the UAE landscape. Whether you’re an entrepreneur, investor, or skilled professional, we’ll guide you through the important details to make your Golden Visa dream to reality. Join us as we share the hidden gems to get your golden chance in the UAE.

What is the Golden Visa in UAE?

UAE’s Golden Visa is a unique international visa program that allows eligible individuals with permanent residency under a 10-year visa. The Golden Visa was launched in 2019 as a way to attract and retain international talent by providing them with permanent residency within a tax-friendly environment. The program also aimed to promote corporate business setup to boost the country’s economy.

The Golden Visa program is specifically structured to bring in emerging entrepreneurs, investors and skilled professionals into specific fields in the emirate. High-achieving university students, researchers, medical professionals and engineers are also welcome to apply to the program.

Below, I have compiled the benefits you can enjoy with a Golden Visa, who all are eligible, what are the costs and how to get one.

What Are the Benefits of a Golden Visa in UAE

The Golden Visa is a long-term residency visa that allows international talents to reside, work or study in the Emirates while enjoying exclusive privileges. These may include:-

1. A long-term renewable visa with a 10-year validity
2. Sponsor extended family members, regardless of their age
3. Sponsor numerous domestic helpers
4. A multiple entry visa with a 6-month validity to obtain residence issuance.
5. Self-sponsored visa
6. Permission for family members to stay back in the emirate till the validity of the visa, even after the deceasement of the Golden Visa holder.

Who All Are Eligible for the Golden Visa?

Five distinct categories of expats can apply for a UAE Golden Visa. These include chief executives, students, specialists, entrepreneurs, and foreign investors.

Eligibility Criteria for Chief Executives:

1. The applicant should have a bachelor’s degree
2. Experience of 5 years and above is mandatory
3. Should be legally employed in the UAE and must earn a salary of AED 30,000.
4. Must have family health insurance.

Eligibility Requirements for Specialists and Students:

1. A professor from any of the top 500 international universities can apply and must be approved by the Ministry of Education
2. Those who’ve received any award or certificate of recognition in their specialized field can also apply.
3. Researchers or scientists who’ve made valuable contributions to their fields are eligible to apply.
4. A doctor with at least 20 years of medical experience can apply for a Golden Visa.
5. School students with a minimum of 95% with top ranks in the country or university students with a 3.75 GPA or more can also apply for a Golden Visa.

Eligibility Requirements for Entrepreneurs:

1. Must possess a minimum capital of AED 500,000
2. Approval of a legally recognized business start-up centre in the emirate is mandatory.
3. Must have a health insurance visa for all his family members.
4. Entrepreneurs are eligible for a multiple-entry visa that has a six-month validity.

Eligibility Criteria for Foreign Investors:

1. The investor must have made a public investment of at least AED 10 million, either as an investment or as a business setup.
2. At least 60% of the total investment capital should not be in the form of any land or property.
3. The invested amount should not be loaned and is compulsory to provide adequate proof.
4. The investor must keep the investment for a minimum of 3 years at least.
5. The investor must have family health insurance for all of his family members.

You can also lengthen the validity of the golden visa if you wish to include more partners in your business. Each partner must invest up to AED 10 million. The long-term visa can include the visa holder’s family, one advisor, and an executive director.

Cost of Getting a UAE Golden Visa

The 10-year UAE Golden visa cost will be around AED 2,800 and AED 3,800 for natives while it can range between AED 3,800 and AED 4,800 for expats. This includes the government processing fee which signifies the difference in the rates for locals and foreigners. The exact amount depends on the category under which the applicant is applying.

The application will be assessed by the immigration authorities along with the respective government departments and if it gets rejected, the applicant will receive a partial refund. The applicant will be required to pay an additional amount of AED 1000 for medical tests and Emirates ID processing. They will also have to obtain UAE health insurance which is priced around AED 800 and more.

For a UAE Golden Visa application, you can apply with the help of our best business consultants from Best Solution. We will ensure you have a fast and error-free process for your Golden Visa application at pocket-friendly prices.

Grab Your Golden Visa with the Best Solution!

If you are planning for profitable business opportunities while enjoying the luxury that Dubai has to offer, then get your Golden Visa today! Our team of dedicated professionals at Best Solution will help you navigate through all the application procedures and visa services in Dubai in a smooth, efficient, and hassle-free manner so that you won’t have any last-minute worries. We will answer all your doubts and clarifications, guide you through the entire process, and help you acquire your Golden Visa at highly affordable prices.