The Golden Residence in the UAE is a long-term residency visa that offers a number of benefits to foreign nationals, including the ability to live and work in the UAE without a sponsor, the ability to sponsor family members, and the ability to own property. The Golden Residence is available to a variety of foreign nationals, including investors, entrepreneurs, professionals, and families.
Eligibility Requirements for Golden Residence in UAE
The eligibility requirements for the Golden Residence in the UAE vary depending on the category of applicant. For investors, the minimum investment requirement is AED 10 million. For entrepreneurs, the requirement is to create at least 100 jobs for UAE nationals. For professionals, the requirement is to have a high-paying job in a skilled occupation. For families, the requirement is to have a combined income of at least AED 300,000 per year.
Benefits of Golden Residence in UAE
The Golden Residence in the UAE offers a number of benefits to foreign nationals, including:
- The ability to live and work in the UAE without a sponsor.
- The ability to sponsor family members.
- The ability to own property.
- The ability to travel freely in and out of the UAE.
- The ability to access public services, such as education and healthcare.
How to Apply for Golden Residence in UAE
To apply for the Golden Residence in the UAE, you must submit the following documents to the General Directorate of Residency and Foreigners Affairs (GDRFA):
- A completed application form.
- A copy of your passport.
- A copy of your visa.
- Proof of your investment, employment, or family ties to the UAE.
- A medical certificate.
- A criminal background check.
Real Estate Investors
Real estate investors who own a property or a group of properties worth at least AED 2 million in the UAE may be eligible for a Golden Visa, which is a long-term residency visa that is valid for 5 years and can be renewed. To be eligible, investors must meet the following requirements:
- Provide a letter from the land department of the respective emirate stating that they own one or more properties worth at least AED 2 million.
- Purchase a property with a loan from specific local banks approved by the competent local entity.
- Investors who are eligible for the Golden Visa will be able to live and work in the UAE without a sponsor and will be able to sponsor their family members. They will also be able to travel freely in and out of the UAE and will have access to public services, such as education and healthcare.
Entrepreneurs
Entrepreneurs who own a technical or future-oriented economic project based on risk and innovation may be eligible for a Golden Visa for a period of 5 years. In addition, they must have approval letters from the following entities:
- An auditor in the UAE stating that the project value is not less than AED 500,000.
- The authorities in the emirate stating that the project is of a technical or future nature.
- An accredited business incubator in the UAE to establish the proposed activity in the country.
Here are some additional details about the Golden Visa for entrepreneurs:
- The project must be in a technical or future-oriented field.
- The project must have a minimum value of AED 500,000.
- The project must be approved by the authorities in the emirate.
- The project must be established in an accredited business incubator in the UAE.
Outstanding Specialized Talents
Outstanding specialized talents include:
- Doctors
- Scientists
- Creative people in culture and art
- Inventors
- Executives
- Specialists in scientific fields
- Athletes
- Doctorate holders
- Specialists in the fields of engineering and science
- Subjects Related to Engineering and Science
Subjects related to engineering and science include:
- Epidemiology and viruses
- Artificial intelligence
- Big data
- Computer engineering
- Electronic engineering
- Software engineering
- Electrical engineering
- Genetics and biotechnology engineering
Golden Visa for outstanding specialized talents:
- The talent must be in one of the eligible fields.
- The talent must have a minimum level of education and experience.
- The talent must be approved by the authorities in the UAE.
The Golden Visa is a valuable option for entrepreneurs and outstanding specialized talents who want to live and work in the UAE.
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