Permanent Residency in UAE ‘GOLDEN VISA’ UAE GOLDEN VISA

Eligibility For 10 Years Golden Residence Visa in UAE:

The following categories of individuals are eligible to apply for long-term (10 years) of UAE permanent residency Visa:

For Investors:

• Make an investment of at least AED 10 million in an investment fund inside the country
• Establish a company with a capital of AED 10 million or partnering in an existing company or a new company
• The share capital in the partnership should not be less than 60 per cent of the total company capital

Condition of 10 years of Permanent Residency/Investor Visa in UAE:

• The amount must be fully owned by the investor and must not be loaned
• The invested amount should be retained for at least three years
• The person should be financial solvent up to AED 10 million

Advantages of 10 years of Permanent Residency/Investor Visa in UAE:

• The Visa can be extended to include other business partners, each partner should contribute the amount of AED 10 million.
• The investor can have the spouse & children to be included in a long-term visa. One executive director and one advisor can also be included.
• Foreign investors can apply for a multiple-entry permit of 6 months period.

For Persons with Specialized Talents:

This category includes specialized talents & researchers in the field of science & knowledge i.e. doctors, specialists, scientists, inventors and creative people in the field of arts & culture.

Condition of 10 Years of Permanent Residency Special Talent & Skills Visa in UAE:

• The individuals are required to have a valid employment contract in a particular specialised field in the UAE.
• The scientist must be approved by Emirates Scientists Councilor accredited by Mohammed Bin Rashid Medal for Scientific Excellence.
• Artists & creative individuals in the field of art & culture must be accredited by the Ministry of Culture and Knowledge Development.
• Inventors must obtain a patent of value. Patents must be approved by the Ministry of Economy.
• The researcher’s work must be documented and published in a world-class journal.
• Doctors & specialists are required to meet at least two of the following conditions:
• must be a Ph. D. degree holder from one of the top 500 universities in the world (refer to ICA for more information)
• an award or certificates of appreciation in the field of the applicant’s work
• contributed to major scientific research in the related field
• published articles or scientific books in distinguished publications in the respective field of work
• must be a member of an organization related to the field
• a Ph. D. degree, plus 10 years of professional experience in the related field
• specialist in areas of priority to the UAE.

Advantages of 10 Years of Permanent Residency / Special Talent & Skills Visa in UAE:

The skilled individual can have the spouse & children to be included in a long-term visa.

How much is the cost of the Golden Visa in UAE?

The General Directorate of Residency and Foreigners Affairs (GDRFA) has not revealed the exact cost of the permanent UAE visa but it is around AED 1,000/- to AED 1,200/-

Can the UAE permanent visa holder stay outside the country for more than six months?

Yes, the recipient of Gold Visa is exempted from the rule which states that residents cannot be outside the UAE for more than six consecutive months.

Who can apply for UAE permanent residency Visa (Golden Visa)?

Foreign and UAE based investors, entrepreneurs, high salaried executive managers, and professional talents, researchers in various fields of science and knowledge and outstanding students can apply for a long-term residence visa in UAE.

What is the Dubai Permanent Residence visa processing time?

The visa issue time is very quick and efficient, as per recently published newspaper and the recipient of Gold Visa, the waiting time is 2 minutes to 45 minutes.

Does the Golden Visa need to be renewed?

Yes, it has to be renewed every 5 or 10 years because there are medical insurance and other procedures that need to be done.

What if the business of the investor fails?

Things will be reviewed by the UAE government on a case to case basis after the initial 10 years.

Is there any age restrictions for the recipient?

No, the applicant can be of any age.