Golden Visa
The U.A.E Golden Visa has attracted many expats who want to receive permanent residency In the U.A.E. The Golden Visa enables expats to work, study, live and conduct business without needing a sponsor. These visas are issued either for 5 years or for 10 years and can be easily renewed.
The Golden Visa provides residency for a long period of time (5 or 10 years) to expats that belong to a certain category: entrepreneurs, investors, extraordinary students, people with outstanding talents, medical professionals, researchers, and those in the field of scientific knowledge.
10-year Visa eligibility criteria:
Investors:
AED 10 million worth of investment, either in the form of a company or investment fund.
At least 60% of the investment should not be in real estate.
The invested amount should not be loaned
The investor should be able to maintain the investment for 3 years.
This visa may include business partners, given each partner contributes AED 10 million. The visa may also include the spouse and children of the investor, one executive director, and one advisor. This visa is easily renewable.
People with specialized talents:
People with specialized talents include doctors, scientists, researchers, artists, and investors. This visa also extends to their spouses and children.
Doctors:
The U.A.E is granting doctors long-term residency for their hard work and sacrifices. Doctors must complete at least two of the conditions in their field of work:
A Ph.D. degree from any one of the top five hundred universities in the world
10-year experience in the field of expertise with the Ph.D. degree
An award in the field of applicant’s work.
A part of major scientific research Articles that are published or books in known publications
An organization member that is related to their field.
Specialization in areas of priority of the U.A.E.
Coders:
Coders of any nationality or age, whether they are U.A.E residents or not, may apply for Golden Visa in the office of Artificial Intelligence in the U.A.E. Application is eligible for:
Experts and new talent that has received success in different areas of coding
Those people who work for internationally recognized technological firms
People who have graduated in areas of computer science, software engineering, hardware engineering, IT, data science, artificial intelligence, electrical engineering, and big data.
5-year visa eligibility criteria:
Real estate investors:
The requirement for a 5-year visa is very similar to that of a 10-year visa, the only disparity is that the applicant has to invest an amount of AED 5 million.
Entrepreneurs:
Entrepreneurs can apply for a 5-year visa, the main requirement is that they should have an ongoing project with a capital of AED 500,000 at least. They can also get a visa if they have the approval of an accredited incubator in the U.A.E.
Exceptional students:
Exceptional students of high school or university can get a 5-year residency visa in the U.A.E. High school students who get a minimum of 95% and university students with a GPA of 3.75 or higher on graduation are eligible. The visa also is given to the family of the exceptional students.
In conclusion, Expats want to receive Golden Visa to get permanent residency in Dubai. The visas are issued for either 5 or 10 years and are easily renewable. A 10-year visa is extended to investors, doctors, coders, etc. 5-year visa is extended to Real estate investors, entrepreneurs, and exceptional students.