UAE Golden Visa: How do I apply and what are the benefits 2024?

UAE Golden Visa: How do I apply and what are the benefits 2024?

What is the Golden Visa:

The Golden Visa is a long-term visa valid for 5 or 10 years with a great deal of benefits. It’s a renewable self-sponsored residency visa that allows eligible individuals the opportunity to live, work, study, and invest in Dubai, UAE. 

What are the benefits of the Golden Visa:

1. A Six-month Entry Visa with multiple entries and a residence permit.
2. No need to look for employment sponsorship, you can sponsor yourself.
3. Golden visa holders can sponsor family members with no age restriction.
4. Being able to stay outside of the United Arab Emirates for more than 6 months without facing any issues regarding keeping the Visa or renewing it.
5. The ability to sponsor a countless number of domestic workers.
6. After the death of the Visa holder, the sponsored family members are allowed to continue their residency if the Golden Visa is valid.

Who can apply for the Golden Visa in Dubai:

Real Estate Investors: 

 Individuals interested in real estate investment can apply for the Golden Visa if they purchase a property or properties priced at or more than 2000,000 AED or Buy a property with a Loan from approved banks. They receive the visa for 5 years with the ability to renew it. To apply, investors need to submit a letter from the Dubai Land and Property Department (DLD) stating that the investor owns one or more properties with a total value of no less than AED 2,000,000 minimum 

Entrepreneurs:

Entrepreneurs can obtain the Golden Visa if they establish a Startup company or Partner with another entrepreneur in a startup registered in UAE. In addition, the company needs to generate more than one Million AED in revenues annually to match the Visa requirements. Or if the entrepreneur sold the founded Startup for more than seven Million AED.

Outstanding Talents: 

Individuals with great skills and talents in Art, Culture, IT, and innovators can apply for the Golden Visa after a recommendation or approval from a federal or local government entity.

Scientists:

 Scientists and high-education researchers can apply for the Visa if they receive a recommendation from the Emirates Scientists Council and hold a higher education in specific disciplines E.g. engineering, technology, life sciences, and natural sciences with great achievements, and from world-renowned universities.

Professionals:

Professionals with great experience and High Education such in medicine, sciences and engineering, information technology, business and administration, education, law, culture, and social sciences can receive the Golden Visa if their monthly salary is more than 30 thousand AED, have a valid work contract in UAE, hold a Bachelor’s degree and their occupation is classified as first or second degree according to the Ministry of Human Resources and Emiratisation.

Outstanding Students and Graduates: 

Top students from secondary schools and high-achieving university graduates from Emirati University or the Top 100 universities can obtain the Golden Visa

Humanitarian Pioneers: 

Acclaimed individuals from international & regional organizations, recipients of recognition awards in humanitarian fields, and volunteers & sponsors of humanitarian efforts can secure the Golden Visa

Frontline Heroes: 

Outstanding frontline workers who helped in dealing with crises will get the Golden Visa without a doubt thanking them for their braveness.

How to apply for the Golden Visa in UAE:

1. The first step you need to match one of the golden visa programs mentioned above.
2. Then, you should visit the ICP website,  GDRFA Dubai website, or Customer happiness centers. To learn about the golden visa application and the paperwork needed to apply.
3. .Fill out the application, attach the paperwork, and apply.
4. Pay the fees which include (the Golden Visa fee, ID fee, and other fees)
5. Wait for the approval of your application.
6. Congrats! Now you have a Golden Visa in Dubai.

Learn more about Golden Visa programs and the application process by Contacting Us or by visiting the ICP website,  GDRFA Dubai website.