The UAE Golden Visa is an extended stay visa for the foreign individuals that grants a permission to work, study, and live within UAE and receive special privileges. This visa is one of the mechanisms through which the UAE is encouraging and enabling talented and wealthy people to settle in the country. Golden Visa is valid for 5 or 10 years, and the option to renew the visa when it expires is possible. Since the launch of the new update that allows foreign workers more permanent residency options, this guide will offer information on how to apply for the 10-year UAE Golden Visa.

Eligibility Criteria for the 10-Year UAE Golden Visa

The UAE Golden Visa covers ten years and ten months and is issued to different categories of persons, each with specific conditions. Below are the main categories and their respective criteria:

Investors in Public Investments

Any person who is willing to invest at least AED 10 million in any public fund investment, investment in any investment fund, and owning at least 10% in a company licensed to operate in the UAE qualifies for the 10 year UAE Visa. The investment will have to be held for at least three years and at least 60% of total investment cannot be in real estate.

The other group of individuals who can get the visa is the business partners in case each partner invests AED 10 million.

Real Estate Investors

The 10 year UAE Visa applies to real estate investors with investments in properties, and value of AED2,000,000 and above. This covers properties that have been bought with a mortgage provided that the amount of the payment made was at least two million units of the AED.

Entrepreneurs

It only applies to the entrepreneurs holding a least AED 500,000 in a project, or those who got approved by a trusted business incubator that is based in the UAE and is working in collaboration with the government or any of its affiliated bodies.

Specialized Talents and Researchers

This includes doctors, specialists, scientists, inventors, holders of creative professions in culture and art. After obtaining employment in an advanced sector of priority for the UAE, the applicant will receive a residence permit valid for the duration of the contract.

Other persons allowed to apply for a visa are those owning a doctorate or a patent, but only if they meet certain criteria mentioned by the UAE government.

Outstanding Students and Graduates

For great students who want to be part of this program; they must be from public or private secondary institutions with a minimum of a 95% score in their semester/year-end exams.

Frontline Heroes

The 10 year UAE Visa is granted to Stand out Workers who have made extraordinary effort in crisis including frontline staff, health care workers.

Professionals with High Salaries

As per MoHRE categorization, the eligible persons for the 10 year UAE Visa plan include those possessing a bachelor’s degree with a minimum basic monthly salary of AED 30,000. It calls for extra support documents, Salary certificate, bank statement, etc.

Advantages of the 10-Year UAE Golden Visa

The UAE Golden Visa offers several benefits to its holders, including:

  • Long-Term Residency

As for the visa, it can grant up to 10 years of residency in the UAE, renewable upon expiration.

  • No Need for a National Sponsor

Holders of these visas are allowed to reside in the UAE, work, and even study without the assistance of a UAE national patron.

  • 100% Business Ownership

Foreign investors with a Visa are permitted to fully own their company in the UAE mainland

  • Family Sponsorship

 An applicant may be allowed to be accompanied by the spouse, dependent children, one chief executive director, and an advisor.

  • Unlimited Domestic Helpers

The visa holder can hire, and in turn provide, any number of domestic employees, locally in the country of residence.

  • Extended Stay Outside UAE

This visa allows holders to stay outside the UAE for an extended period, but their visa will still be eligible.

Application Process

The application process for the 10 year UAE Visa involves several steps:

  • Prepare Required Documents

Documents to be included are copies of passport, Emirates ID, salary certificate, bank statement, contract of employment, and any certificates of qualifications.

  • Submit Application

Fill and complete the application through the official UAE government sites or service provider points.

  • Medical Examination

Web Check as part of the Visa Process application form and take a medical examination.

  • Pay Fees

 Take the necessary tests and the fees ought to include the medical test, the UAE ID, and the residency permit confirmation

  • Receive Visa

On approval, the applicant receives the 10-year residency permit, and is a holder of the UAE Golden Visa.

Conclusion

The UAE Golden Visa can therefore be regarded as a major step by the UAE government in their attempt to foster attraction of talented minds and capital. One of the UAE’s strategies for progressing further in terms of economy is to grant long-term residency and provide a multiple number of privileges to boost innovation. Talented investors, businessmen or a specialized talent, student visa holder or simply outstanding individuals may become residents in one of the best countries to live in the UAE with Golden Visa. You are welcome to find more information about properties and investing in real estate in the UAE on the website of www.ajmanproperties.ae.