PERMANENT RESIDENCY IN UAE ‘GOLDEN VISA’

UAE GOLDEN VISA

In 2019, the Government of UAE has introduced a new system of permanent residency for Investors, Entrepreneurs and Professional Talent in UAE called ‘Long-Term Residence Visa'. The new system enables foreign nationals to live, work & study in the UAE without the need for sponsorship of UAE national. The foreigners now can have 100% ownership of their business on the mainland in the UAE. The term of these visas will be for 5 & 10 years and will be renewed automatically.

The purpose of this new law is to issue long-term residency visas to foreigners who are willing to invest and add value to the UAE economy. However, be aware that immigration rules & laws are getting changed frequently to provide the best opportunity for foreigners to travel and stay in the UAE. So make sure to check with official government portals or your PRO services company in Dubai, UAE to keep up to date about the latest UAE permanent residency regulations, requirements and eligibility. The permanent residency will also be extended to the spouse and children of the golden visa cardholder.

The Golden Visa comes with fresh opportunities for those who own it. This UAE residence visa is huge step towards those who are passionate to become the part of success of UAE and consider this country as their second home. The golden visa will attract more talented individuals in UAE making it competitive economy on a global scale.

Enquiry








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:

    • 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.


Eligibility For 5 Years Golden Residence Visa in UAE:

The following categories of individuals are eligible to apply for long-term (5 years) of UAE permanent residency Visa:

For Investors in a Property in UAE:

  • Make an investment in property of at least AED 5 million

Condition of 5 years of Permanent Residency/Investor for Property 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 5 million

Advantages of 5 years of Permanent Residency/Investor for Property Visa in UAE:

  • The investor can have the spouse & children to be included in a long-term visa.
  • Foreign investors can apply for a multiple-entry permit of 6 months period.


For Entrepreneurs:

This category gives a chance to those entrepreneurs who are having existing projects with a minimum capital of AED 5 million

Condition of 5 Years of Permanent Residency Visa for Entrepreneurs 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 5 million

Advantages of 5 Years of Permanent Residency Visa for Entrepreneurs in UAE:

  • The skilled individual can have the spouse & children to be included in a long-term visa.
  • Foreign investors can apply for a multiple-entry permit of 6 months period.
  • One partner & 3 executives can also be included.


For Outstanding Students in UAE
:

This is the best opportunity for the students who have obtained at least 95% marks in secondary schools. College student will also be entitled to have 5  years of visa if they are having a distinction GPA of at least 3.75 upon graduation.

Advantages of 5 years of Permanent Residency/Student Visa in UAE:

  • The students can have their families to be included in a long-term visa of 5 years.

Frequently Asked Questions (FAQs):

  • 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.

Jitendra Business Consultants provide full services in getting UAE permanent residency in both categories. If you have any query related to Dubai, UAE permanent residency visa processing time, cost & requirements, reach out to our PRO services professionals. We will assess your eligibility, helping you to prepare documents and help you to get Golden visa with minimum cost and time in UAE.

Feel free to inquire by email & call. You can also write to us here