The Golden visa is a long-term residence visa which enables foreign talents to live, work or study in the UAE while enjoying exclusive benefits. Investors, entrepreneurs, scientists, outstanding students and graduates, humanitarian pioneers and frontline heroes are among those eligible for the Golden visa. Read about the requirements and benefits of the Golden visa and find digital services to apply for it.
The Golden Visa Advantage in the UAE
If you have a golden visa, you can enjoy benefits such as:
- A long-term, renewable residence visa valid for 5 or 10 years.
- The privilege of not needing a sponsor.
- The ability to stay outside the UAE for more than the usual period of six months in order to keep their residence visa valid.
- The ability to sponsor their family members, including spouses and children regardless of their ages.
- The ability to sponsor unlimited number of domestic helpers.
- The permit for family members to stay in the UAE until the end of their permit duration, if the primary holder of the Golden visa passes away.
Requirements of Golden Visa
The requirements for acquiring a Golden Visa in the UAE are:
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:
- Submission of a letter from an investment fund accredited in the UAE stating that the investor has a deposit of AED two million.
- 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 two million
- Submission of a letter from Federal Tax Authority stating that the investor pays the government no less than AED 250,000 annually. Additional to that, you must: •Own the invested capital completely and it must not be a loan.
- •Provide proof of medical insurance for himself and his family (if any).
Real Estate Investors
Investors in an investment fund may be granted a Golden Visa for a period of 10 years without a sponsor, subject to certain conditions.
- A letter from the land department of the respective emirate stating that he owns one or more properties whose value is not less than 2 million dirhams
- Purchase of a property with a loan from specific local banks approved by the competent local entity.
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:
- An auditor in the UAE stating that the project value is not less than 500,000 dirhams
- 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.
High School Students
Yes, you heard us right. High school students who are national-level toppers, achieving a minimum grade of 95 percent in public or private secondary school, may qualify for a five-year Golden visa without a sponsor, contingent upon submitting a recommendation letter from the Ministry of Education (Emirates Schools Establishment). The duration of the Golden visa for students is five years and may be extended if they are enrolled in one of the majors/colleges in the country that requires a study period of more than five years.
University Students
Outstanding university students may be granted a Golden visa for a period of 10 years without a sponsor, provided that certain conditions are met:
- The Ministry of Education must rate the university as either A or B class.
- The student must submit a recommendation letter from the university or an accredited graduation certificate or an accredited academic record stating that their cumulative GPA is not less than 3.5 for A class universities and 3.8 for B class universities.
Heroes of the Frontline
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.
What is a golden visa?
A golden visa, also known as a residency-by-investment program, is a government program that grants residency rights to foreign investors and their families in exchange for a significant investment in the country’s economy.
What types of investments qualify for a Golden Visa?
Eligible investments typically include real estate investment, business investment, government bonds, job creation projects, or other specified investment options depending on the country’s program.
The investment refundable?
The investment requirements and refund policies vary depending on the country’s Golden Visa program. Some investments may be refundable after a certain period, while others may not be refundable.
Do I need to reside in the country to maintain my Golden Visa status?
Golden Visa programs have different residency requirements, but most require the main applicant to spend a certain amount of time in the country each year to maintain their residency status.
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