UAE Golden Visa: Your Ultimate Expats Guide
UAE Golden Visa: The Comprehensive Guide for Expats
The United Arab Emirates (UAE) is one of the most popular destinations for expatriates, as it offers not only a safe but also a culturally diverse community. The country provides various visas and entry permits for those who wish to visit, work, or invest here. Among these, the most sought-after is the 10-year Golden Visa, which offers numerous advantages over traditional residency permits. This guide will explain how to obtain this permit, the requirements for eligibility, and the benefits it provides.
What is the UAE Golden Visa?
The Golden Visa is a long-term residency permit that allows expatriates to live, work, and study in the UAE without the need for a sponsor or employer. Individuals holding this permit are free to seek employment, start a business, and support their immediate family members.
Who is eligible for the Golden Visa?
The Golden Visa is available in various categories depending on the emirate in which the application is submitted. The following groups are eligible to apply for the permit:
1. Investors in public investments
2. Real estate investors
3. Entrepreneurs
4. Inventors
5. Creative professionals in culture and art
6. CEOs
7. Athletes
8. Engineering and science professionals
9. Outstanding students
10. Pioneers of humanitarian work
11. Healthcare frontline workers
As a new feature, Dubai also awards Golden Visas to outstanding esports players, content creators, and students, while Ras Al Khaimah recognizes exceptional educators with this permit. Abu Dhabi opened this opportunity for superyacht owners in 2024.
What are the income requirements for the Golden Visa?
The minimum income requirement for applying for the Golden Visa in Dubai is 30,000 dirhams per month. This amount is considered as a basic salary that the applicant must verify. The amount may vary in different emirates, but generally stays at a similar level.
How to apply for the Golden Visa?
To apply for the permit, first ensure that the applicant meets the eligibility requirements for the specific category. The application process involves the following steps:
1. Eligibility check: Verify that you meet the prescribed conditions.
2. Submission of required documents:
a. For real estate investors: A certificate from the real estate registry office of the respective emirate confirming ownership of property worth at least 2 million dirhams, free of mortgage.
b. Proof of accommodation: Own property or rental agreement.
3. Application: The application can be submitted through the Identity, Citizenship, Customs & Port Security (ICP) or the General Directorate of Residency and Foreigners Affairs (GDRFA) either online or in person.
How much does the Golden Visa cost?
In 2023, the ICP updated the pricing, which is now 1,250 dirhams. This amount includes administrative fees and the cost of issuing the permit.
Benefits of the Golden Visa
Holders of the Golden Visa enjoy numerous advantages:
a. Long-term residency permit: A renewable permit valid for 5 or 10 years.
b. Extended overseas stay option: While other residency permits require return to the country within 6 months, no such restriction applies with the Golden Visa.
c. Sponsoring family members: Visa holders can support their immediate family members, including adult male children.
d. Employment: Visa holders are free to work, provided they receive a work permit from the employer.
What are the conditions for renewing the Golden Visa?
The permit is valid for 10 years and can be renewed if the applicant continues to meet the eligibility criteria. This is particularly important for investors and entrepreneurs, where maintaining financial requirements is crucial.
What could lead to Golden Visa rejection?
Rejection reasons may include:
a. Inadequate job title: The visa application might be hindered if the job title does not meet the prescribed level (e.g., non-managerial position).
b. Missing qualifications: The absence of valid degrees and professional qualifications can also be an obstacle in obtaining the permit.
c. Improper documentation: Incomplete or incorrect documents submitted during the application process can also present issues.
Conclusion
The UAE Golden Visa offers a perfect opportunity for those who wish to live, work, or invest long-term in the country. The stable economic environment, safety, and cultural diversity make the UAE an attractive destination for professionals and investors from around the world. If you are considering applying for the visa, it is advisable to thoroughly review the application requirements and submit your request well-prepared.
