The United Arab Emirates (UAE) has introduced the Golden Visa program as an initiative to attract top talent, investors, entrepreneurs, and professionals to contribute to the country’s growth and development. This exclusive residency program offers long-term visas ranging from five to ten years, providing holders with a multitude of benefits and opportunities. However, eligibility for the Golden Visa varies depending on the category individuals fall under, each with its own set of requirements and criteria.
Eligibility for UAE Golden Visa
Golden Visa eligibility criteria in the UAE vary depending on the category applicants fall under. Below are the requirements for each category:
Golden Visa for Real Estate Investors:
The Golden Visa program welcomes real estate investors who contribute significantly to the UAE’s property market. Eligible individuals must fulfill the following criteria:
- Possession of a Title Deed with a property value of at least AED 2 million.
- For off-plan properties, an Initial Agreement of Sale is required, with a minimum down payment of 10% and the property being 30% to 50% constructed.
- Submission of a Customer Statement of Account from the Developer for off-plan properties.
- Letter from the bank in case of property mortgage.
- Valid Health Insurance (optional).
- Other standard documentation includes a copy of your passport, Emirates ID, and visa details (if applicable).
Golden Visa for Investors in Public Investment:
Individuals investing in publicly traded companies or assets through the stock market or other public platforms are eligible for the Golden Visa. Requirements include:
- Copy of the passport.
- Trade license capital of AED 2 million (for the single owner).
- Financial report of the establishment(s) for the last year.
- Certificate from the free zone containing all financial data.
- Bank statement of the establishment for the previous six months.
- Registration documents from the Federal Tax Authority show company transactions of not less than AED 100,000 annually.
- Ownership of property (if any).
- Valid Health Insurance (optional).
Golden Visa for Fixed Deposit Investors:
Those opting for fixed deposit investments in UAE local banks can also qualify for the Golden Visa. Criteria include:
- A fixed deposit of AED 2 million in a UAE local bank.
- Letter from the Bank confirming the amount will remain untouched for two years, with the bank informing immigration if otherwise.
- Passport Copy.
- Original Emirates ID (if applicable).
- A copy of the latest visa in the UAE (if applicable) is required.
- Valid Health Insurance (optional).
Golden Visa for Doctors:
The Golden Visa program extends to doctors and medical professionals meeting specific criteria set by the UAE authorities. Requirements entail:
- Labor Card Copy.
- Labor Contract from MOHRE.
- Copy of the Sponsored Residency.
- Copy of the Sponsored Passport.
- Attested Degree/Educational Certificate.
- Recommendation/Nomination letter from the Ministry of Health.
- DHA License.
- Experience Certificate.
- Salary of at least AED 30,000 per month.
- Bank Statement for the last six months.
- Passport Copy.
- Original Emirates ID (if applicable).
- Valid Health Insurance (optional).
Golden Visa for Manager/Executive Category:
Executives and managers meeting certain qualifications are eligible for the Golden Visa. Criteria include:
- Passport Copy.
- Original Emirates ID (if applicable).
- Labor Contract with Manager Designation and Total Salary of AED 30,000.
- WPS Bank Statement for the last six months.
- Salary Certificate matching the contract amount.
- Attested Bachelor’s Degree or higher.
- NOC letter from the company.
- Equivalency Certificate.
- A copy of the latest visa in the UAE (if applicable) is required.
- Valid Health Insurance (optional).
Golden Visa for Scientists & Specialists:
Top professionals in fields like science, medicine, engineering, business, education, and religion qualify for the Golden Visa. Eligibility requirements vary depending on the specialization. Criteria may include:
- Bank Statement for the last six months.
- Monthly salary of AED 30,000.
- Scientist License Certificate.
- Equivalency Certificate.
- Letter of nomination from the Council of Emirates Scholars.
- Academic certificates from recognized universities.
Golden Visa for Students:
Top graduates from UAE schools, universities, or international institutions are also granted the Golden Residency permit. Eligibility criteria differ based on educational background. Requirements may include:
High School Students:
- General secondary school certificate with a score of not less than 95%.
- Valid Health Insurance (optional).
Top Graduates of UAE Universities:
- Attested bachelor’s, master’s, or doctoral degree from a top 100 world-ranked university.
- Valid Health Insurance (optional).
Top Graduates of International Universities:
- Attested bachelor’s, master’s, or doctoral degree from a licensed university.
- Transcripts with a GPA not less than 3.8.
- Valid Health Insurance (optional).
How to Apply for the UAE Golden Visa
Step 1: Arrange Documents
Gather all the necessary documents required for your UAE Golden Visa application. These may include passport copies, proof of income or financial stability, employment contracts, property ownership documents, and investment records.
Step 2: Submission of Application
Submit your application through the UAE Golden Visa portal. Ensure that all information provided is accurate and up-to-date to avoid delays or complications during the processing.
Step 3: Initial Approval
After submitting your application, it will undergo review by the relevant authorities. Upon meeting the initial eligibility criteria, you will receive preliminary approval for the Golden Visa.
Step 4: Existing Visa Cancellation
If you currently hold any other type of visa for the UAE, you may need to cancel it to proceed with the Golden Visa process. Follow the necessary steps to cancel your existing visa to avoid any conflicts or issues.
Step 5: Medical and Emirates ID Application
Once you receive initial approval, you will be required to undergo medical examinations as part of the visa process. Additionally, you will need to apply for an Emirates ID, which is a mandatory identification document in the UAE.
Step 6: Final Visa Issuance
Upon completing the medical examinations and Emirates ID application, your Golden Visa will undergo final processing. Once approved, you will receive the official Golden Visa document granting you long-term residency in the UAE.
Step 7: Emirates ID Issuance
After receiving your Golden Visa, you will be issued an Emirates ID, which serves as your official identification card in the UAE. This ID is essential for various transactions and services within the country.
By following these steps diligently and ensuring compliance with all requirements, you can successfully obtain your UAE Golden Visa and embark on a journey toward long-term residency in this dynamic and vibrant nation.
Conclusion
The UAE Golden Visa program presents a lucrative opportunity for investors, professionals, and top talent to establish long-term residency in the country. With various categories catering to different individuals, the program aims to attract individuals who can contribute to the UAE’s economic growth and development. By meeting specific criteria and providing necessary documentation, eligible candidates can avail themselves of the benefits offered by the Golden Visa, facilitating their long-term stay and involvement in the UAE’s thriving economy.
Unlock your future in the UAE now! Apply for your Golden Visa today and open doors to endless opportunities. Don’t wait, act now!
Feel free to contact MICS Global and arrange an initial private consultation. During this session, we’ll explore your needs in-depth and offer personalized insights to guide your journey. We look forward to connecting with you.
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