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Golden Visa

What is the Golden Visa In UAE?

 

A long-term residency visa, known as a Golden Visa, is granted in the UAE for investors, entrepreneurs, talented individuals, researchers, and other professionals who make a significant impact on the country's economy and the society. 

 

The UAE Golden Visa enables individuals and their families to reside, do business, work, and attend to their tuition without requiring a local sponsor, while also offering various perks and advantages. The visa can be extended indefinitely if the person remains eligible, with a validity of up to 10 years.

What are the benefits of obtaining a Golden Visa in UAE?
  • Stability and Security: The Golden Visa grants a 5 or 10 year residency, renewable, providing long-term stability for residents, investors, and their families in one of the safest countries in the world.

 

  • Residency Rights: The Golden Visa allows individuals and their families to reside in the UAE for an extended period of 10 years renewable without the need for a sponsor.

 

  • Work and Business Opportunities: Golden Visa holders are allowed to work and establish businesses in the UAE, providing ample opportunities for professional growth and development.

 

  • Education: Golden Visa holders can benefit from access to top-tier educational institutions in the UAE for themselves and their families.

 

  • Healthcare: Golden Visa holders have access to top-tier healthcare facilities in the UAE.

 

  • Real Estate Investment: Holding a Golden Visa can make it easier to invest in UAE real estate, providing potential financial gains in the long term.

 

  • Enhanced Travel Privileges: Golden Visa holders benefit from ease of travel within the UAE and to other countries in the region.

 

  • Tax Benefits: The UAE does not levy income tax on individuals. However, it levies an advantageous value added Tax on the purchase of goods and services, The UAE also levies excise tax on specific goods that are harmful to health, and a very competitive corporate tax on the net income or profit of corporations, making the UAE the ideal place for those who seek the good-quality duties jurisdiction.

 

  • Quality of Life: The UAE offers a high standard of living with modern infrastructure, cultural diversity, and a safe and secure environment, therefore, obtaining a Golden Visa in the UAE can provide numerous benefits for individuals looking to establish a long-term residency in the country.
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Golden visa requirements

Requirements for the Golden visa depend on the type of residence, whether investor, talent, entrepreneur, etc.

Who can apply?
Real Estate Investors

If you own a property or a group of properties, you may be granted a Golden visa for a period of up to 10 years, renewable on the same conditions and without a sponsor subject to the:

  1. Provision of a letter from the land department of the respective emirate stating that he owns one or more properties value purchase of a property with a loan from specific local banks approved by the competent local entity.
  2. If the total property portfolio value is between 750 000 and 2 million dirhams, you would be eligible for a 5-year golden visa. If your total property portfolio value is over 2 million dirhams, then you would be eligible for a 10-year golden visa. 
Investors in public investments

If you invest in an investment fund, you may be granted a Golden Visa for a period of 10 years without a sponsor, subject to the:

  1. Submission of a letter from an investment fund accredited in the UAE stating that the investor has a deposit of AED 2 million, or 
  2. Submission of a valid commercial license or industrial license and a memorandum of association stating that the investor’s capital is not less than AED 2 million 

Additionally, you must:

  • Own the invested capital completely; it must not be a loan and
  • Provide proof of medical insurance for himself and his family (if any).
Entrepreneurs

If you are an entrepreneur, you may get a Golden visa for a period of 5 years, if you own an economic project of a technical or future nature based on risk & innovation. In addition, you must have an approval letter from each of the following:

  1. An auditor in the UAE stating that the project value is not less than 500,000 dirhams
  2. The authorities in the emirate stating that the project is of a technical or future nature
  3. An accredited business incubator in the UAE to establish the proposed activity in the country.
Outstanding specialized talent 

Outstanding specialized talents include: 

  • Doctors
  • Scientists
  • Creative People of Culture and Art
  • Inventors
  • Executives
  • Specialists In Scientific Fields 
  • Athletes
  • Doctoral Degree Holders and
  • Specialists in the Fields of Engineering and Science
Outstanding Students

High school students

If you are a high school student and a national-level topper, (with a minimum grade of 95 per cent in public or private secondary school) you may be granted a Golden visa for 5 years without a sponsor, subject to submission of a recommendation letter from Ministry of Education (Emirates Schools Establishment). Duration of the Golden visa for students is 5 years and may be extended if he/she is enrolled in one of the majors/colleges in the country that requires a study period of more than five years.

 

University students

If you are an outstanding university student, you may be granted a Golden visa for a period of 10 years without a sponsor, provided that:

  • The university must be rated either A or B class by UAE Ministry of Education
  • Recommendation letter from the university or an accredited graduation certificate or an accredited academic record stating that the student’s cumulative GPA is not less than 3.5 for A class universities and 3.8 for B class universities is submitted.
Outstanding Educators In Private Education Sector

With the instructions of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai; His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defense of the UAE, and Chairman of the Executive Council of Dubai, has declared that exceptional educators in Dubai's private education field will receive the esteemed Golden Visa.

This program acknowledges teachers who have shown outstanding performance, creativity, and a strong dedication to influencing Dubai's future through education. The Golden Visa demonstrates the emirate's commitment to nurturing talent, investing in human capital, and honoring the teachers who motivate and empower the next generation. 

Educators working in early childhood centers, schools, and higher education institutions could qualify for the Golden Visa by meeting specific requirements:

  • Showing outstanding academic accomplishments and creative contributions to the field of education.
  • Demonstrated effectiveness in improving the educational standard at their schools.
  • Generating a constructive influence and acknowledgment from the broader educational field.
  • Demonstrated impact on enhancing student results, such as academic growth and achievement in accredited certifications.

To learn more about qualifications and application procedures, refer to the KHDA Golden Visa announcement here.

Pioneers of humanitarian work

If you are a pioneer of humanitarian work, you may get a Golden visa for 10 years. You must be one amongst the following categories to qualify as a pioneer of humanitarian work:

  1. Members and outstanding employees who have worked for international and regional organizations for a minimum of five years
  2. Members and outstanding employees who have worked for civil associations and institutions of public interest for a minimum of five years
  3. Individuals who have received an appreciation award from a local, regional or international organization that focuses on humanitarian work
  4. Funders of humanitarian work provided that the value of the support does not fall below two million UAE dirhams or its equivalent.
Frontline heroes

Frontline heroes who displayed extraordinary effort in crises, such as the COVID-19 pandemic also may get the Golden visa with a recommendation from a competent authority. Frontline heroes include nurses, medical assistants, lab technicians, pharmacologists and other cadres approved by the Frontline Heroes Office.

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Can family members also apply for a Golden Visa in UAE?

Yes, qualifying visa holders under the Family Golden Visa program can bring their immediate family members, such as spouses, children, and parents, to stay with them in the UAE for a longer duration. 

Is it possible to work in UAE with a Golden Visa?

Yes, the Golden visa allows foreign talents to reside in the UAE for an extended period, granting them the opportunity to work, study, or live there, all while receiving special privileges. 

Are there any restrictions on travel with a Golden Visa in UAE?

Golden Visas usually provide various perks, including the freedom to reside, work, and attend school in the country with no limitations. They might permit you to bring your family members, travel without restrictions, and possess assets. 

Here’s why Chrysalis is the perfect choice to obtain your Golden Visa In UAE
  1. Chrysalis is a top-tier company in the UAE that specializes in Immigration, Company Formation, Business Services Banking, Taxation, Accounting and many are, operating out of offices in Dubai.
  2. Chrysalis is assisting numerous people from around the Globe by navigating their complicated structures by starting their own business in UAE.
  3. Given massive history and experience in Golden Visas issuance, Chrysalis can assess your Golden Visa eligibility and process immediately your application for a golden chance to work, develop, socialize and grow within UAE business world.

Terms & Condition

All golden visa applications are governed by the UAE competent authorities, conditions and criteria apply, for more details please visit: https://icp.gov.ae/en/golden-residency/

 

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