The United Arab Emirates is emerging as the hub for business, innovation, and luxurious living for different personalities from all over the world. To attract the entry of talented individuals and skilled professionals, entrepreneurs, and investors, the UAE came up with a long-term residency program-the Golden Visa.
The 10-year Golden Visa will remain in force during 2025 and is among the best initiatives available for residents to settle in terms of open-ended opportunities into the future.
Eligibility for UAE 10-Year Golden Visa
This Golden Visa is only allocated to foreign individuals who contribute to the overall upliftment of the economy and society in the UAE. Categories of applicants that qualify for this Visa include public investment investors, real estate investors, entrepreneurs, scientists, excellent students and graduates, humanitarian pioneers, and highly skilled professionals such as doctors, engineers, and researchers.
The applicants meet certain obligations as to financial thresholds and qualifications. This includes a minimum investment of AED 2 million for an investor and particular educational and employment criteria for professionals.
UAE Golden Visa Benefits
The Golden Visa entailing vast benefits qualifies it to be among the most sought-after residency options in the area. Long-term stays are available to its holder without the need of a national sponsor. It allows one to reside out of the country longer than six months and still keep the residency. One is also free to sponsor family members, including helpers. There is also more flexibility in such a job opportunity and possible ownership of 100% of one’s businesses on the mainland of the UAE.
Step-By-Step Application Process
Application for UAE Golden Visa can be done through the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) or the General Directorate of Residency and Foreigners Affairs (GDRFA).
Applicants may need to determine the appropriate visa category for which they will be applying and gather the required documentation: passports; proof of investments or employment; educational credentials. After this, they are to submit their application online or at a registered typing center. The nomination, once approved by the concerned authority, will be followed by medical fitness tests along with biometric scanning. Finally, the applicant will get their residency visa and Emirates ID.