Your Guide to the UAE Golden Visa

The United Arab Emirates (UAE) Golden Visa program has become a beacon of opportunity for individuals seeking long-term residency in this dynamic and thriving region. In this comprehensive guide, we delve into everything you need to know about the UAE Golden Visa, unraveling its eligibility criteria, benefits, application process, and the transformative impact it can have on your personal and professional life.

Golden Visa UAE Benefits and Advantages:

The Golden Visa is a long-term residency visa offering exclusive benefits, including:

• Six-Month Entry Visa: Allows multiple entries to proceed with residence issuance.
• 10-Year Renewable Residence Visa: Providing stability for long-term residency.
• Self-Sponsored Visa: No need for an employment sponsor.
• Extended Stay Privileges: Golden Visa holders can stay outside the UAE for more than the usual six-month restriction, keeping their residence visa valid.

Additionally, Golden Visa holders can sponsor family members, including spouses and children of all ages, along with an unlimited number of domestic helpers. The visa also allows family members to stay in the UAE until the end of their permit duration if the primary Golden Visa holder passes away.

Who is Eligible

• Property Investors: Investing AED 2 million in the country's property market.
• Exceptional Talents: Individuals with outstanding talents in various fields, irrespective of educational background, employment status, or professional standing.
• Scientists: Those with a PhD or Master’s degree from top global universities in specific fields, along with a recommendation from the Emirates Scientists Council.
• Entrepreneurs: Registering a company in the UAE with annual revenues of AED 1 million or more, falling under the SME category.
• Skilled Workers: Eligible if employed under a valid contract, with a job classified as occupational level one or two, a minimum monthly salary of AED 30,000, and a bachelor’s degree.
• Humanitarian Pioneers: Individuals recognized by prestigious international and regional organizations, public benefit organizations, and recipients of humanitarian recognition awards.
• Students: Those achieving remarkable academic success in UAE secondary schools or universities, as well as individuals attending the world’s top 100 universities.

New Changes Implemented

As of October 3, 2022, the Golden Visa program introduces several noteworthy changes to make the application process more accessible. Among the key modifications are:

• Expanded Eligibility: The new rule allows Golden Visa holders to sponsor an unlimited number of domestic employees.
• Reduced Investment Threshold: The requirement for real estate and property investment to qualify for the Golden Visa has been lowered to AED 2 million. This applies to real estate investors, students, skilled professionals, and outstanding talents.

These changes are poised to streamline the process, making it easier for foreign nationals to live, work, conduct business, and study in the UAE without the need for a national sponsor.

How Much Does the UAE Golden Visa Cost?

The 10-year Golden Visa will cost between AED 2,800 and AED 3,800 for candidates in the UAE and between AED 3,800 and AED 4,800 for applicants outside the UAE. Additional costs include approximately AED 1,000 for a medical examination, an Emirates ID processing fee, and mandatory UAE health insurance.

The UAE Golden Visa is more than a residency program; it's a gateway to a world of opportunities. Whether you're an investor, entrepreneur, skilled professional, or outstanding student, understanding the nuances of the Golden Visa is paramount. With the right knowledge and expert assistance, you can embark on a transformative journey towards a prosperous and fulfilling future in the United Arab Emirates.

For a hassle-free application experience, consider leveraging the expertise of DET Business Setup. Our dedicated team can guide you through the intricacies of the Golden Visa process, ensuring accuracy and efficiency in your application.