The Ultimate Guide to Golden Visa in UAE: Benefits, Requirements, and Application Process

The Golden Visa in UAE is a long-term residence visa designed to attract foreign investors, entrepreneurs, talented individuals, and outstanding students. This visa is part of the UAE’s forward-thinking approach to boost its economy and maintain its position as a global leader in attracting and nurturing talent. By offering exclusive benefits and an easy application process, the Golden Visa program has quickly become a popular choice for individuals looking to live, work, or study in the UAE.

In this comprehensive guide, we will cover everything you need to know about the Golden Visa in UAE, including its benefits, eligibility requirements, and how you can apply for it.

What is the Golden Visa in UAE?

The Golden Visa in UAE is a long-term residency visa that allows individuals to reside in the country for an extended period, with visas typically granted for 5 or 10 years. Unlike other types of visas, the Golden Visa comes with several unique advantages that make it particularly attractive for professionals, investors, and students.

This visa enables holders to live, work, and study in the UAE without the need for a local sponsor. Additionally, Golden Visa holders can bring their family members (spouses, children, and even domestic workers) to the UAE and retain their residency even if they spend extended periods outside the country.

Benefits of the Golden Visa in UAE

Holding a Golden Visa in UAE comes with several benefits that make it a unique and valuable opportunity for foreign nationals. These benefits include:

1. Long-Term Residency: The visa is granted for a period of 5 or 10 years, depending on the category, and is renewable.
2. No Sponsor Required: Unlike other visa types, you do not need a local UAE sponsor to live and work in the UAE.
3. Multiple Entry Visa: Golden Visa holders are granted a six-month multiple-entry visa during the application process to facilitate residency issuance.
4. Family Sponsorship: You can sponsor your spouse, children (regardless of age), and domestic workers, providing security and stability for your family.
5. Extended Stay Outside UAE: You are allowed to stay outside the UAE for more than six months without losing your residency status.
6. Continuing Residency for Family: In the unfortunate event of the death of the Golden Visa holder, family members can remain in the UAE until the end of their visa duration.

Who is Eligible for the Golden Visa in UAE?

The Golden Visa in UAE is available for a wide range of individuals, categorized based on their professional achievements and contributions. Below are the main categories eligible for the visa:

1. Investors

Investors are eligible for a 10-year Golden Visa if they meet specific investment requirements. There are two main categories for investors:

• Public Investments: If you invest in an accredited UAE investment fund with a deposit of at least AED 2 million, you are eligible for a 10-year Golden Visa.
• Real Estate Investors: Real estate investors who own property valued at AED 2 million or more are eligible for a 5-year renewable Golden Visa. Properties purchased with a loan from specific banks approved by the UAE authorities also qualify.

2. Entrepreneurs

Entrepreneurs with innovative and high-risk projects are eligible for a 5-year Golden Visa. The project must be valued at AED 500,000 or more and must receive endorsements from an accredited business incubator in the UAE. Entrepreneurs also need approval from the relevant UAE authorities that confirm the technical or innovative nature of the business.

3. Specialized Talents

Specialized talents in fields such as science, engineering, medicine, culture, and the arts are eligible for the Golden Visa in UAE. The visa is granted for a period of 10 years and is renewable. Professionals must present endorsements from relevant UAE authorities, such as the Ministry of Health (for doctors) or the Ministry of Economy (for inventors).

4. Outstanding Students

High school students and university graduates who have achieved outstanding academic performance are also eligible for the Golden Visa. High school students with a minimum grade of 95% in public or private schools may receive a 5-year visa, while top-performing university students are eligible for a 10-year Golden Visa.

5. Pioneers of Humanitarian Work

Individuals who have made significant contributions to humanitarian causes can receive a 10-year Golden Visa. This category includes members and employees of recognized international organizations, as well as individuals who have received awards for their humanitarian efforts.

6. Frontline Heroes

Frontline workers, such as doctors, nurses, and medical staff who made exceptional contributions during the COVID-19 pandemic, may be eligible for a 10-year Golden Visa. These individuals must be recognized by relevant UAE authorities for their extraordinary efforts during crises.

Golden Visa Requirements in UAE

The requirements to apply for the Golden Visa in UAE vary depending on the category under which you are applying. Below are the key requirements for each category:

• Investors: Must provide documentation proving ownership of investments worth at least AED 2 million, such as a letter from a UAE investment fund or real estate ownership documents.
• Entrepreneurs: Must provide evidence of a project valued at AED 500,000 or more, along with endorsement letters from UAE business incubators and relevant authorities.
• Specialized Talents: Must submit letters of recommendation from relevant UAE authorities. For example, scientists need a recommendation from the Emirates Council of Scientists, while inventors need a letter from the Ministry of Economy.
• Outstanding Students: Must provide academic records and recommendation letters from their schools or universities. High school students need a minimum grade of 95%, while university students need a high GPA and a recommendation from their institution.

How to Apply for the Golden Visa in UAE

Applying for the Golden Visa in UAE is a straightforward process. The UAE government has introduced the One Touch Golden Visa Service to simplify the application process. This service allows applicants to submit all required documents, complete visa applications, and even regularize their residency status in one seamless process.

To apply for the Golden Visa, you need to follow these steps:

1. Gather the necessary documentation, such as proof of investment, academic records, or endorsement letters from relevant authorities.
2. Submit your application online through the ICP website or app.
3. Pay the required fees and complete any additional steps needed for your specific visa category.
4. Once approved, you will be granted a six-month multiple-entry visa to complete the residency process.

Get Expert Assistance from MainZone

At MainZone, we specialize in guiding individuals through the Golden Visa in UAE application process. Whether you’re an investor, entrepreneur, or talented professional, our team will ensure that your application is complete and meets all necessary requirements. If you need any assistance or have questions about the process, don’t hesitate to contact us at MainZone. We are here to support you every step of the way, ensuring a smooth and successful application for your Golden Visa.