What is UAE Golden Visa – All You Need to Know
The UAE offers a Golden Visa to those who meet certain requirements. This type of visa allows the holder to live and work in the country for a set period of time. There are many benefits to having a Golden Visa, but there are also some requirements that must be met. Here is everything you need to know about the UAE Golden Visa.
The UAE Golden Visa: What is it and who is eligible to apply?
The UAE Golden Visa is a residency visa that allows certain foreign investors and their families to live in the United Arab Emirates for up to 10 years.
To be eligible for the UAE Golden Visa, applicants must make a qualifying investment in the UAE of at least AED 2 million (approximately US$2.7 million). Qualifying investments include real estate, business investments, and deposits in UAE banks.
The UAE Golden Visa also confers certain benefits on its holders, including the ability to live and work in the UAE, own property in the UAE, and access to UAE healthcare and education.
The benefits of the UAE Golden Visa
The UAE Golden Visa is a residency permit that allows foreign nationals to live and work in the United Arab Emirates. The visa is valid for five years and can be renewed for an additional five years. There are many benefits to holding a UAE Golden Visa, including:
1. Residency in the UAE:
The Golden Visa allows foreign nationals to live and work in the UAE, providing them with a legal status in the country.
2. Access to healthcare:
Holders of the Golden Visa are entitled to access public healthcare in the UAE.
3. Education opportunities:
The Golden Visa allows foreign nationals to send their children to study in the UAE.
4. Tax advantages:
Foreign nationals who hold the Golden Visa are exempt from paying personal income tax in the UAE.
5. Business opportunities:
The Golden Visa gives foreign nationals the opportunity to start a business in the UAE.
6. Property ownership:
Foreign nationals who hold the Golden Visa are allowed to purchase property in the UAE.
7. Travel privileges:
The Golden Visa allows foreign nationals to travel freely to and from the UAE.
8. Family unity:
The Golden Visa allows foreign nationals to bring their family members to live with them in the UAE.
What are the requirements for the UAE Golden Visa?
To be eligible for the UAE Golden visa, applicants must meet certain criteria, including:
- Having a valid passport from their country of citizenship
- Being at least 21 years of age
- Holding a bachelor’s degree or higher from an accredited university
- Having a minimum of two years of work experience
- Having a valid UAE residence visa
- Being employed in a position that meets the requirements of the UAE’s labor laws
- Earning a salary of at least AED 10,000 per month
How to apply for the UAE Golden Visa
To be eligible for the UAE Golden Visa, applicants must meet certain criteria, including having a valid passport, being of good health, and having a clean criminal record. In addition, they must either be employed in a profession that is in demand in the UAE or has a certain amount of money to invest in the country. The UAE Golden Visa is a great way for foreign nationals to live and work in one of the most vibrant and exciting countries in the world.
To apply for the UAE Golden Visa, you will need to submit the following documents:
- A completed application form
- A passport-sized photograph
- A copy of your passport
- A copy of your CV
- A copy of your educational qualifications
- A copy of your work experience certificates
- A copy of your marriage certificate (if applicable)
- A copy of your birth certificate
- A copy of your bank statements for the past six months
- A copy of your medical insurance policy
- A copy of your UAE residency visa (if applicable)
Once you have gathered all of the required documents, you can submit your application to the UAE embassy or consulate in your home country.
The processing time for the UAE Golden Visa
The processing time for the UAE Golden Visa is typically around 2-3 weeks. However, this can vary depending on the specific case and the country of origin of the applicant.
UAE Golden Visa cost
The cost of the UAE Golden Visa is $100,000.
The service cost for UAE Golden Visa is 2790 AED
Residency fees for UAE Golden Visa is 2790 AED
ID fees for UAE Golden Visa is 1070 AED
The disadvantages of UAE Golden Visa
There are a few disadvantages to the UAE Golden Visa. First, it is only available to those who have a valid passport from one of the Gulf Cooperation Council (GCC) countries or other approved nations. Second, it does not allow for dual citizenship. Finally, it requires a minimum investment of AED 2 million, which may be out of reach for some investors.
References: Khaleej Times, Government of Dubai (General Directorate of Residency and Foreigners Affairs Dubai)
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