Requirements for UAE Golden Visas updated November 2023
Dubai – Renowned for its status as a global financial hub, the United Arab Emirates continues to allure investors and migrants with its enticing offers and modern infrastructure. The latest update as of November 2023 reveals significant enhancements to the UAE Golden Visa program, solidifying its position as an attractive destination for those seeking long-term residency.
The Golden Visa Advantage:
The Golden Visa is a coveted long-term residence permit, offering foreign talents the opportunity to live, work, or study in the UAE while enjoying a range of exclusive benefits. Eligible candidates encompass investors, entrepreneurs, scientists, outstanding students and graduates, as well as humanitarian pioneers and frontline heroes.
Exclusive Benefits for Golden Visa Holders:
- Six-Month Entry Visa: Golden visa holders are granted a six-month entry visa with multiple entries to facilitate the residence issuance process.
- Long-Term, Renewable Residency: Enjoy a long-term, renewable residence visa valid for either 5 or 10 years, providing stability and security.
- No Sponsorship Required: Golden visa holders have the privilege of not needing a sponsor, streamlining the application process.
- Extended Stay Options: Holders can stay outside the UAE for more than the usual six-month period while keeping their residence visa valid.
- Family Sponsorship: Golden visa holders can sponsor their family members, including spouses and children of all ages, fostering family unity.
- Domestic Helper Sponsorship: The ability to sponsor an unlimited number of domestic helpers, adding to the convenience of daily life.
- Family Stay in Case of Holder's Passing: In the unfortunate event of the primary Golden visa holder passing away, family members can continue to stay in the UAE until the end of their permit duration.
Golden Visa Requirements:
Requirements for the Golden Visa vary based on the type of residence, whether investor, talent, entrepreneur, or other categories.
Investors in Public Investments:
- Investment in an accredited investment fund in the UAE with a deposit of AED two million.
- Submission of a valid commercial or industrial license and a memorandum of association proving a capital of not less than AED two million.
- A letter from the Federal Tax Authority stating an annual payment to the government of no less than AED 250,000.
Real Estate Investors:
- Ownership of a property or properties valued at not less than 2 million dirhams.
- Submission of a letter from the land department stating property ownership.
- Purchase of a property with a loan from approved local banks.
Entrepreneurs:
Outstanding Specialized Talents:
- Categories include doctors, scientists, artists, inventors, executives, and specialists in various scientific fields.
- A 10-year Golden visa is granted after meeting specific requirements.
Whether you're an investor, entrepreneur, or possess outstanding talents, the UAE Golden Visa offers a pathway to extraordinary residency. Stay tuned for more updates on this exceptional program.
