In 2019, the UAE government launched a 10-year golden visa for selected residents for their outstanding contributions to the country.
But what is a Dubai Golden Visa? Who are qualified to have one? What are the top 5 benefits of having a Dubai golden visa?
In this article, we’ll break down all your million-dollar- questions about the UAE golden visa, so read on.
What is a Dubai Golden Visa?
As explained above, the UAE golden visa is awarded to selected non-nationals (foreigners) which enables them to live, work, and study in the country without the need for a sponsor from a UAE national.
Recently in April 2022, the UAE cabinet announced a new scheme and regulations regarding the entry permit and long-term residence for expats, allowing more qualified people from a wide range of professions to apply for a 10-year residency visa in the UAE.
Who is Eligible for a UAE Golden Visa?
As of October 2022, the UAE government officially enforced the new law to allow people and professionals falling under the below categories to apply for a 10-year golden Visa in the UAE.
Real Estate Investors:
If you are a real estate investor, you can benefit from the long-term visa by investing approximately AED 2 million into the UAE’s real estate market.
The new amendment also allows investors to obtain the golden visa when buying a property with a loan from a local bank in the country.
People with Exceptional Talents:
Talented individuals in the field of art, sports, culture, technology, law, medicine, innovation, ETC, are eligible to apply for this visa.
In this case, the visa is granted based on individual talent without being influenced by educational background, salary, or employment status.
Skilled Professionals:
A skilled worker (professional) can apply for the long-term residency visa provided they meet the following conditions:
- They have a valid employment contract with a company in the UAE.
- Must be a level 1 or 2 jobs classified by the Ministry of Human Resource and Emiratization ( MOHRE)
- Have been a holder of a Bachelor’s Degree
- Must have a salary of at least 30,000Dhs (Approx. 8168.20USD).
Humanitarian pioneers:
Being a member of a recognized international and regional charitable organization, you can apply for a golden visa in Dubai and the UAE.
Award recipients in the humanitarian and charitable sectors can also apply for a long-term residency visa in the UAE.
Students and Graduates with Outstanding Records:
High achievers and outstanding students in the UAE’s secondary schools and university system are eligible to apply. These also extend to students and graduates from the top 100 global universities and high schools.
For eligibility, the following is taken into consideration:
- the University’s global ranking
- The applicant’s academic performance of at least a 3.8 GPA
- The year of graduation
Frontline Heroes (Doctors and Nurses):
Health care staffs or frontline workers assisting in extraordinary circumstances such as COVID-19 are also eligible to apply for the Golden Visa.
What are the Benefits of a Dubai Golden Visa?
As a holder of a UAE golden visa, you enjoy several benefits and perks that are not applicable to the standard UAE residency visa.
Below are 5 of those benefits and perks
- A 10-year renewable UAE residency visa
- The duration to stay outside the UAE does not nullify the golden visa.
- No Sponsor or Employer is Required
- Residence for Family members with no age limit
- In case of the death of the Golden visa holder, family members can stay in the UAE until the end of their residency permit.
How can you apply for a Dubai Golden Visa?
Congratulations if you fall in one of the above categories eligible for a Golden visa in the UAE.
The Dubai Golden Visa is a fantastic opportunity that you should not miss. The visa has proven effective for the UAE, and its authorities are enthusiastic about extending the program.
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