The United Arab Emirates (UAE) has consistently emerged as a top-tier destination for savvy investors and professionals seeking a dynamic environment with lucrative business potentials, top-notch infrastructure, and an exceptional quality of life. Recognizing the strategic importance of attracting and retaining global talent, the UAE government has introduced the Long-Term Residence Visa, widely known as the UAE Golden Visa.
In this blog post, we explore the different types and categories of the UAE Golden Visa and highlighting its significance for investors and professionals, empowering you to make a well-informed choice regarding your prospective endeavors in the UAE.
UAE Golden Visa initiative is designed to attract and retain individuals of exceptional talent, investors, and executives, providing them with long-term residency in the UAE. As a Golden Visa holder, you can enjoy the flexibility to travel, work, study, and sponsor family members, contributing to the UAE’s reputation as a global hub for business and lifestyle.
The program offers a 10-year residency to those meeting specific criteria, including a monthly salary above AED 30,000, an investment of AED 2 million or more, or ownership of property valued at AED 2 million and above, with a minimum initial payment of AED 1 million already made.
Category #1 Golden Visa for Executives: Skilled workers and professionals qualify for a Golden Visa if they meet specific criteria. It includes holding a valid employment contract within the UAE, with the job falling under occupational level 1 or 2 as defined by the Ministry of Human Resources and Emiratization. Additionally, applicants should have a bachelor’s degree and draw a minimum salary of not less than AED 30,000 per month.
Category #2 Golden Visa for Investors: Investors who invest in business, or financial assets in the UAE may be eligible for the Golden Visa. The minimum investment requirements is AED 2 million.
Investment can be in form of:
Category #3 Golden Visa for Real Estate Owners: Any individual who has purchased a property worth no less than AED 2 million or own off-plan property valued at AED 2 million and above, with a minimum initial payment of AED 1 million already made, from a list of approved local real estate companies is eligible to apply for a Golden Visa.
Category #4 Entrepreneur: If you’re an aspiring entrepreneur, the UAE Golden Visa can be a gateway to establishing and growing your own business in the UAE. To be eligible, you need to establish a business in the UAE and fulfil the criteria for the size, turnover, and innovation of your business. This category is aimed at encouraging innovative and forward-thinking entrepreneurs who can contribute to the UAE’s thriving business landscape.
Category #5 Exceptional Talents: Individuals with outstanding talent in the fields of art, culture, digital technology, sports, innovation, medicine, law, and others are eligible to apply for the Golden Visa scheme.
Furthermore, the 10-year Visa will be granted exclusively on the basis of the individual’s talent. It will not be influenced by educational background, employment status, a monthly wage, or professional status. However, a federal or local government entity’s recommendation or approval will be necessary.
Category #6 Scientists: Scientists and researchers who meet the following criteria will now be eligible for the Golden Visa:
Category #7 Students: Students who have achieved remarkable academic success in either UAE secondary schools or universities are also eligible to apply for the 10-year Visa or the Golden Visa scheme.
Furthermore, talented individuals who have attended one of the world’s top 100 universities are eligible to apply for the Golden Visa program. Academic performance/cumulative average, year of graduation, and university categorization are all considered.
Category #8 Humanitarian Pioneers: The Golden visa is available to humanitarian pioneers such as the following:
Navigating the complexities of obtaining the UAE Golden Visa can be a daunting task. That’s where DMC business services comes in. With over 30+ years of UAE experience, our team of experts has a strong on-the-ground presence in the UAE, allowing us to provide unparalleled guidance and support throughout the entire Golden Visa application process.
At Decision Management Consultants, we pride ourselves on providing our clients with customized solutions that are tailored to their specific needs and goals. We understand that every business is unique, and our team of experts will work closely with you to develop a strategy that meets your specific requirements.
For more information about UAE Golden Visa, please call us on +971-4-262 40 23