In 2019, the government of the country effectuated a new type of scheme for long-term residence visas. In the same vein, the best golden visa Dubai, UAE service gave foreigners the opportunity to work, study, or reside in the UAE eliminating the need for a sponsor and with 100% ownership of their business. On the other hand, the measurement was implemented to attract and retain new foreign residents.
In this section, you will find all the important information on the golden visa in UAE and why it is a revolution for the immigration system worldwide. In other words, you will understand why this new visa is so important and the impact it will have the immigration for this decade. Similarly, we will show you how you can obtain it and its eligibility.
Certainly, there is a different set of categories of individuals who are able to apply for Golden visa UAE. In the same vein, this visa has a 5-year and a 10-year period of eligibility. However, the requirements for the type of 5 years are half of the requirements for the 10-year visa.
For instance, investors must invest AED 10 million in the country for the 10-year Golden visa UAE and AED 5 million for the 5-years Golden Visa UAE one.
As we mentioned earlier, foreign investors must have invested at least 10 million in the way of public investment in the UAE. In addition, the individuals must invest either in an investment fund or in a business. However, a minimum of 60% of the investment is forbidden to be in the form of land or property.
Likewise, the sum invested cannot be borrowed or loaned in any way. Therefore, you must provide adequate proof of the investment involved when it comes to ownership of the asset. On the other hand, you must invest in a retainable asset for at least 3 years.
However, when you are an investor and you are establishing in the UAE, you and your family relatives must have valid health insurance and valid health insurance documents. Moreover, if you are part of a company that has several partners as investors; then all involved partners must have a minimum investment of 10 million AED as well for Golden Visa UAE.
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Certainly, students and highly skilled individuals are also able to apply if they have a certificate of an award in the area of expertise.
Most importantly, all scientists who have made an important contribution in their area of study can obtain this type of visa.
In addition, any medical or health professional with at least 2 decades of experience in their specific field is able to apply for the license. For instance, high school students with a successful minimum grade of 95% are able to apply for a visa. Further, university and college students with a minimum of 3.70 GPA or higher are also able to apply for the golden visa UAE
It does not matter if it is for the purpose of studying, working, living, or academic or scientific development; expats from different nationalities and countries are able to apply for a residence visa if they fall into any of the following categories:
Conditions for Obtaining a Residency Visa:Â there are different requirements when applying for a residence visa. That is to say, individuals applying for the first time or for the renewal of a visa; must successfully complete a medical fitness test if they are aged 18 or over. Likewise, they must also complete a check test when they are trying to acquire an ID card.
However, this identification card is a form of identification provided by the government of the UAE to its residents.
As we established earlier, the following categories are able to apply for a 10-year residence visa in the country.
However, there are certain conditions:
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It is a long-term residency visa that allows foreign professionals, investors, and talents to live and work in the UAE for up to 10 years.
Investors, entrepreneurs, skilled professionals, scientists, and outstanding students may qualify.
Long-term residency, no local sponsor requirement, and family sponsorship privileges are among the major benefits of having a golden visa.
The golden visa is valid for 5 or 10 years, depending on eligibility.
Yes, our experts handle eligibility checks, document preparation, and end-to-end visa assistance.
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