Your Guide to the UAE Golden Visa: Who Qualifies and How to Apply

The UAE Golden Visa offers long-term residency to investors, entrepreneurs, and highly skilled professionals. It provides a pathway to living in one of the world's most dynamic economies. Zlata Erlach, Head of the Austrian office, Caribbean Investment Programs Expert at Immigrant Invest, will walk you through the UAE Golden Visa benefits, requirements, and how to apply.

What is UAE Golden Visa

The UAE Golden Visa is a long-term residency program that grants visa holders the right to live, work, and study in the UAE. Introduced in 2019, it is designed to attract investors, entrepreneurs, professionals, and talents from around the world. Unlike traditional visas, the Golden Visa allows for a residency period of 2 or 10 years, depending on the category.

The program aims to promote the UAE as a global hub for business, innovation, and talent. It offers a secure way for individuals to settle in the UAE without the need for a local sponsor.

11 Benefits of UAE Residence Visa

1. Long-term residency. The most notable benefit is long-term residency. Golden Visa holders enjoy a 2 or 10-year residency without the need for annual renewals.
2. Stability for investors. The UAE Golden Visa provides long-term stability, particularly for investors and entrepreneurs looking to grow their businesses in the country.
3. Family inclusion. The Golden Visa allows applicants to sponsor their families, including spouses, children, and even parents, depending on the type of investment.
4. Access to top healthcare. Residents are entitled to access the UAE’s world-class healthcare system, ensuring top-quality medical care for their family.
5. Educational opportunities. The UAE offers high-quality education at both local and international schools. Golden Visa holders can benefit from this education system for their children.
6. Business freedom. Entrepreneurs enjoy the freedom to run their businesses without a local sponsor. This independence is highly beneficial for those looking to expand their ventures.
7. Real estate opportunities. Golden Visa holders can invest in the UAE's thriving real estate market, with special privileges granted to property investors.
8. Tax advantages. The UAE is known for its tax-friendly policies. Residents enjoy the benefit of not having to pay income tax, making it an attractive option for professionals.
9. Access to financial services. Residents have easy access to banking and financial services, which helps with managing wealth and investments.
10. World-class infrastructure. UAE offers excellent infrastructure, including international airports, state-of-the-art hospitals, and highly developed transportation systems.
11. Easy travel within the GCC. The UAE’s geographical location allows Golden Visa holders to travel easily to other Gulf Cooperation Council  countries, offering regional opportunities.

United Arab Emirates Residency Visa Requirements

The UAE Golden Visa is available to various categories of individuals, including investors, entrepreneurs, skilled professionals, and researchers. The requirements for obtaining the visa vary depending on the applicant’s category. However, there are some common eligibility criteria:

1. Investors. Investors who commit significant capital to the UAE economy are eligible for the Golden Visa.

2. Entrepreneurs. Entrepreneurs with innovative business ideas or start-ups are eligible. The UAE encourages business ventures in sectors like technology, healthcare, and renewable energy.

3. Skilled professionals. Professionals with expertise in fields such as medicine, engineering, or education may qualify for the Golden Visa. High-level researchers and specialists can also apply under this category.

4. Talents and creatives. The UAE also grants Golden Visas to individuals in creative industries, such as art, culture, and entertainment. Recognized talents in various sectors can apply for the visa.

5. Exceptional students. Exceptional students who excel in their studies may be granted the Golden Visa, allowing them to continue their education in the UAE or work in the country.

6. Real estate investors. Individuals investing in real estate projects worth AED 2 million or more are eligible to apply. The real estate must be for personal use and not for resale.

7. Scientific researchers. Researchers in the fields of science and technology who can contribute to the UAE’s innovation are eligible to apply.

How to Apply for Dubai Golden Visa

The application process for the UAE Golden Visa is straightforward. However, it requires the submission of documents and proof of eligibility based on the applicant's category. Here are the general steps involved in the application process:

1. Determine your eligibility. Start by identifying which category you fall under: investor, entrepreneur, skilled professional, etc. Ensure that you meet the specific requirements for that category.

2. Gather documents. You will need to gather documents like proof of investment, education qualifications, work experience, business plans, and more. Ensure that all documents are accurate and up-to-date.

3. Submit your application. Applications can be submitted online through the UAE’s official visa website or through an accredited government authority. Some categories may require you to apply through specific channels, such as the Department of Economic Development.

4. Wait for approval. Once your application is submitted, it will be reviewed by the relevant authorities. The approval process may take a few weeks, depending on the complexity of the case.

5. Receive your visa. If approved, you will be issued a long-term UAE Golden Visa.

6. Apply for family members. If you are eligible, you can also apply for family members to join you under the same visa.

Conclusion

The UAE Golden Visa offers significant advantages for investors and skilled professionals looking to live and work in the UAE. With its long-term residency, tax benefits, and family inclusion, it has become an attractive option for those looking to expand their business or settle in the UAE. The application process is straightforward, but eligibility depends on meeting specific requirements related to investment or professional expertise.