The United Arab Emirates (UAE) launched another residency system known as the Golden Visa to enable foreigners who meet specific criteria such as talents to live, work, or study in the UAE for years without requiring a sponsor for a period of 10 years. There are many benefits of this visa with particular emphasis on the investors, entrepreneurs, scientists, outstanding students as well as graduates, humanitarian workers and pioneers and frontline workers.

The Golden Visa is an independent type of visa, which is not directly connected with employment, and, therefore, does not require renewal every two to three years.

Navigating the 10 year visa in UAE Landscape

Perhaps, you are asking yourself: “How can I obtain 10 year visa in UAE?” For those wishing to become new residents, this is one of the most crucial questions. For the past few years, the United Arab Emirates has introduced a 10 year visa in UAE programme geared towards retaining talent, investors, talented workers and entrepreneurs who in return contribute positively to the growth of business in the country.

Understanding the Criteria

To qualify for the 10 year visa in UAE, individuals must meet specific criteria tailored to different categories:

  • Investors

It implicates that the eligibility of long-term visa may be extended to those who invest in property or business in the UAE.

  • Entrepreneurs

It provides10-year residency to the successful business founders who set up their business in the UAE.

  • Specialists in Science, Medicine, and Research

Researchers concerned with the progress of these disciplines are greatly appreciated.

  • Outstanding Students

It also contains the exceptional students who wish to get the visa based on their outstanding performances in their courses.

Eligibility for the 10-Year Visa

Like other programs, there are standard requirements for individuals’ applying for Golden Visa that would give them the 10 year visa in UAE. The most common method is by investment; this is means that one has to invest in the business within a prescribed minimum figure as a way of meeting the requirements of the business. Here are the key investment-related eligibility criteria:

  • Public Investment

This visa is available to individuals who have investments public investments of minimum 10 million AED within the context of an investment fund or a company.

  • Real Estate Investment

According to the specified purchase value of the property, if the building that you own has the purchase value of equal to or more than 2 million AED the time of purchase then you can apply for the 10-year renewable residence permit.

  • Company Ownership

Another reason is that if you are an owner of a company that is based in the UAE and has got a capital of at least AED 10 million, then you qualify for it.

  • Partnership in a Company

If one is involved in a firm based in the UAE and holds a minimum share of AED 10 million, then one can be eligible for the visa.

It is however important to appreciate the fact that regarding assets, an individual has to fully own the same and at the same time 60% of the fund shall not be in real estate business.

Application Process

The procedure of Golden Visa application is a multi-step process and documents necessary for it are rather specific. Here are the key steps and documents needed:

  • Documents

The requirements include a passport, an e-Certificate of Title / Title deed, personal photo, UAE ID if any &, current residence permits if any

  • Fees

There are several fees that are charged on the application some of them being the medical examination charges, UAE ID, confirmation of the residency permit and lastly the charges from the Land Department.

  • Submission

All essential papers and details pertinent to the application should be uploaded and verified online.

Benefits of the 10-Year Visa

The benefits of receiving this kind of visa are many and not limited to the following; People who are granted the 10 year visa in UAE can enjoy the following . For instance the primary holder of the UAE golden visa dies during the period of the ten year visa, then the family members of the holder is allowed to reside under the said UAE golden visa until the natural expiration of the visa. Those who are applying for this visa category may also bring along and sponsor an industrial amount of domestic workers.

Conclusion

It is one of the biggest achievements to attain 10-years residency visa in UAE, which can be vital if the person wants to live or work permanently in the country. To be aware of the provisions, the possibilities to obtain this visa and the perks linked with it, you should know more regarding this Visa. If you are in the process of choosing the opportunity for receiving Golden Visa through the investment in real estate, or not, maybe the options on www.ajmanproperties.ae They have a plethora of properties that could fall within the investment space for the 10-year visa. As said, the numbers provided in this article are for general reference. However, for detailed action, it is advisable to get in touch with an attorney that handles immigration law in the UAE or a reliable immigration agency.