What changes have been made to the Golden Visa?
To broaden the eligibility for the Golden Visa, the UAE government made some amendments. This is done in order to attract a diverse
group of international specialists. They also hope to recruit bright students who wish to pursue employment in the area. Previously,
only top investors, business owners, rich executives, and scientists were allowed to participate. However, the UAE authorities have
announced that the following adjustments will take effect in December:
- Physicians in the United Arab Emirates
- Computer science, electricity, electronics, programming, and biotechnology are all areas where engineers are needed.
Who is eligible to apply for a Golden Visa in the United Arab Emirates?
After you've learned about all of the benefits of the UAE Golden Visa, you'll want to know if you're eligible to apply.
Individuals that are eligible to apply include:
- Data experts, scientists, and PhD holders
- Executives in charge
- Doctors of medicine
- Students who excel (their family can apply to)
- University graduates with a GPA of 3.8 or higher
- Investors
- Investors in real estate
- Entrepreneurs
The golden visa is available to those who fall into one of the previous categories. As a result, you should
be aware of how to apply for a golden visa. Learn about the obstacles of globalization and how to overcome them
in the UAE for engineers or any other profession.
What is the procedure for obtaining a Golden Visa in the United Arab Emirates?
A simple procedure must be followed in order to receive the UAE Golden Visa. It's quite simple, but you must have your paperwork ready
because you must also submit them. Furthermore, even if you match the eligibility requirements, you must follow the rules.
The following are the actions you must take to apply:
- Go to https://business.goldenvisa.ae and fill out the form.
- Make an application for a nomination
- Your application will be reviewed by the UAE authorities in 30 days.
- Your application's outcome will be sent to you through email.
- If your nomination is approved, you'll receive an email with a link to a page where you can upload your documents.
- The application will be verified by the Federal Authority for Identity and Citizenship.
- The Golden Visa will be issued by the authorities.
Keep in mind that you must be willing to relocate to the UAE in order to obtain this passport. Once you've arrived in the country,
you'll be able to carry out all of your responsibilities as a resident and begin to benefit from the UAE golden visa.
What is the cost of a Golden Visa in United Arab Emirates?
Another significant consideration in relation to the Golden Visa is the amount that must be paid. The cost will vary depending on the visa's validity.
The following are the fees for each of them:
- AED 1150 for a 10-year golden visa. In addition, you'll need to budget AED150 for application fees and AED 1000 for issuance.
It means you'll have to pay a total of AED2300.
- AED 650 for a 5-year golden visa. In addition, you'll need to budget AED 150 for application fees and AED 500 for issuance.
As a result, you'll have to pay AED1300 in total.
- You must have a NOC in order to obtain a visa, and you may learn more about the NOC in the UAE.
What are the Golden Visa's requirements in United Arab Emirates?
The requirements differ per category, but they all depend on the individuals' compliance with the Golden Visa's rules and conditions.
Visa eligibility for a period of 10 years
Investors
- Having a public investment of at least AED 10 million, either in the form of an investment fund or a firm
- At least 60% of the total investment must be in non-real estate assets.
- The cash invested cannot be borrowed, and in the case of assets, the investors must acquire full ownership.
- The investor must be able to keep the money for at least three years.
- This 10-year visa can be extended to include business partners if each partner pays a total of AED 10 million.
The holder's spouse and children, as well as one executive director and one advisor, are all eligible for the long-term visa.
This visa can be renewed as well.
Individuals with specialized talents
Doctors, investors, artists, scientists, and researchers are among those recognized as having specialized talent.Once they obtain accreditation in
their particular disciplines, they may be eligible for a 10-year golden visa. They can even sponsor their spouses and children.
Doctors
In "honour of their efforts and sacrifices," the UAE will award doctors, the first line of defense, a long-term residency. Between July 2021 and September 2022, all doctors licensed by UAE health
regulatory organizations can apply for the Golden Visa via the website. In their various fields of practice, doctors and specialists must meet at least two of the following requirements:
- A doctorate from one of the world's top 500 universities.
- A Ph.D. and ten years of professional experience in the applicant's field are required.
- Making a significant contribution to major scientific studies.
- In prestigious publications, papers or scientific books have been published.
- Participation in a field-related organization.
- Specialization in areas where the UAE places a high priority.
For doctors who desire to apply for the visa in person, seven centers associated with the Federal Authority for Identity and Citizenship have been created across the UAE.
Coders
Coders of all nationalities and ages can apply for the UAE Golden Visa through the UAE Government's Office of Artificial Intelligence or the Federal Authority for Identity and Citizenship,
regardless of whether they are UAE residents or non-residents.
The following individuals are eligible to apply:
- Known professionals and talents who have excelled in various aspects of coding
- Those who work for cutting-edge international technology companies
- Computer science, hardware engineering, information technology, artificial
intelligence, data science, big data, and electrical engineering graduates
- Google, Microsoft, Amazon, Cisco, IBM, HPE, LinkedIn, Nvidia, and Facebook have all joined together to establish the program.
Visa eligibility for a period of 10 years
Specialty Students
When it comes to great pupils or educational specialists, they must meet one of the following criteria:
- Come from one of the world's top 500 universities.
- In your field of competence, you may be given an award or a certificate of recognition.
- Students in high school with a minimum grade of 95% and university students with outstanding grades (3.8 GPA or higher)
- Specialists, such as scientists, must demonstrate that they have made a significant contribution to their field of study. A
10-year resident visa is available for scientists.
- Individuals who are creative can also apply for a 10-year residency visa, but they must first be accredited by the Ministry of
Culture and Youth.
One of the following standards must be met by doctors and specialists: PhD degree, prize, or certificate, published articles, scientific books,
organization participation, or specialty in a UAE priority area Learn how to conduct a strategic workforce planning exercise.
Real Estate Investors
The 5-year visa has many of the same conditions as the ordinary investor visa. The only difference is that the required investment amount is AED 5 million.
Entrepreneurs
A 5-year residency visa is available to entrepreneurs. The following are the requirements:
- Have an existing project with a minimum capital of AED 500,000 or clearance from a recognised business incubator.
- Approval of a government-approved business incubator
- Documents for the entrepreneur's and his or her family's health insurance
- Those who apply as entrepreneurs must first obtain a six-month multi-entry visa, which must then be renewed for another six months.
Their spouse and children, as well as three executives and a partner, can be sponsored.
Chief Executives
Chief executives are also eligible for a golden visa if they meet the following criteria:
- a bachelor's degree
- Have at least 5 years of experience in his or her field
- Have a legitimate job contract in the UAE and earn at least AED 30000 per month.
- Along with the family's health insurance.
- You've come to the right place if you're looking for Executive Search firms in Dubai. Payroll, Employee of Record, Professional Employer Organization,
and Global Mobility are all services provided by Connect Resources (Dubai & OR UAE).
How can Dhanguard Help?
If you're interested in obtaining the UAE Golden Visa but need some support, our Experts can assist you. Our
team of experts will walk you through each step of the process so you can get your vital legal document. We have
been assisting people who want to work and live in the United Arab Emirates. Begin to enjoy all of the benefits of
a golden visa in the UAE and enjoy a high quality of life while living in one of the world's best countries.
