About Golden Visa
The United Arab Emirates (UAE) is working to introduce 50 brand-new initiatives that will increase the nation’s competitiveness and industrial growth. Many of these ventures involve technological endeavors that aim to draw locals and professional personnel from abroad. The Government is emphasizing the creation of new visa categories to address this. The “Golden” visa system is one such group.
What Is the UAE Golden Visa?
The United Arab Emirates introduced a new long-term visa system in 2019. A “Golden visa” is what this is. Foreigners are permitted to reside, work, and study in the United Arab Emirates with this Golden Visa.
The 2019 amendment aims to draw new international residents, particularly to Dubai. Continue reading to discover the benefits and requirements of the UAE Golden Visa.
Benefits of Golden Visa UAE
These are a few advantages of the UAE Golden Visa:
- A visa sponsored by oneself
- The freedom to stay outside the UAE for as long as they choose without risking having their visas revoked
- Regardless of their ages, sponsoring their family members, including partners and kids
- Without the need for extra deposits, sponsoring their parents for a 10-year residency
- Limitless sponsorship of domestic helpers
- Issuing of resident permits after being issued a multiple-entry entry visa valid for six months.
- A lengthy, renewable residence permit good for ten years
Golden Visa UAE price
The service type and visa category significantly impact the cost of the UAE Golden Visa. The price of the Golden Visa will range from AED 2,800 to AED 3,800 for those applying from the United Arab Emirates. The fee for applicants from abroad will range from AED 3,800 to AED 4,800.
The 10-year Golden Visa application price has increased from AED 50 to AED 150, and it must be paid in addition. The fees for the authority, electronic services, and smart services are all included in this fee.
A medical checkup will cost the applicant about Dh1,000, and there will be a processing fee for an Emirates ID. They also need to get UAE health insurance, which costs starting at AED 800 and fluctuates.
Dubai Golden Visa Requirements
The prerequisites or conditions for obtaining a UAE Golden Visa are as follows:
- Business partners that each donates AED 10 million will receive a 10-year visa from the government.
- However, those with at least AED 5 million can apply for a 5-year visa.
- Those with public investments of at least AED 10 million (either in the form of an investment fund or a corporation) may apply for this visa for ten years.
- The money invested should be held for three years and not lent.
- When it comes to assets, people must be exclusive proprietors. Moreover, 60% of the fund cannot be invested in real estate.
- The spouse, kids, one chief executive director, and an advisor are all granted long-term UAE golden visas along with the visa holder.
Individuals With Specialised Talent
- The Mohammed Bin Rashid Award for Scientific Excellence or accreditation from the Emirates Science Council is a requirement for scientists. The Ministry of Culture and Knowledge Development requires creative people to be accredited in culture and art.
- Candidates must be educators from one of the 500 foreign universities authorized by the ministry of education.
- A 10-year UAE golden visa is available to people with specific qualities. They won’t be able to get a visa unless their departments and fields have given them accreditation.
- This visa is also available to those people’s partners and kids.
- Physicians are required to have 20 years of experience as medical practitioners in their specialty.
Students and Specialists
- In public and private secondary schools, exceptional students must achieve a minimum GPA of 95%.
- Additionally, all university graduates (both domestic and international) must have a distinction GPA of at least 3.75.
Real Estate Investors
- Real estate investors must meet comparable criteria as other types of investors. They can, however, apply for a 5-year visa and make a 5-million AED investment.
- Candidates must have at least five years of experience and a bachelor’s degree.
- They must hold a valid employment contract in the UAE and get a wage of at least 30,000 AED.
- The UAE Golden Visa is available to those with an active project with a minimum investment of AED 500,000 (1,02,09,463) or who have the approval of an authorized business incubator in the nation.
- The UAE Golden Visa also covers the applicants’ families.
- The eligibility conditions for the UAE Golden Visa can be learned from the discussion above. Let’s concentrate on the application process right now.
Who Is Eligible to Apply for a UAE Golden Visa?
The following individuals are qualified (according to the UAE Cabinet Resolution) to apply for a UAE golden visa:
- Researchers and specialized talents in different fields of science and knowledge (doctors, researchers, scientists, investors, and artists)
- Highly talented students with promising scientific capacities (high school and university students)
How to Apply for a UAE Golden Visa?
Anyone can apply through the General Directorate of Residency and Foreigners Affairs or the Federal Administration for Identity and Citizenship (ICA), which operates an online residency and citizenship application process (GDRFA).
To apply, you must do so online. However, GDRFA allows for both online and offline applications.
Golden Visa For Indians In UAE
By granting Indian nationals permanent residency, the UAE Golden Visa program hopes to encourage foreign investment and business sector growth. A lengthy visa enables foreign nationals to obtain residency in the UAE for five to ten years.
If they satisfy the standards in their line of work, anyone in each profession that fits into a particular category can apply for the Golden Visa UAE. Their resident visa’s validity might range from five to ten years, depending on the visa category, their line of work, and their investment. Yet you can apply for a Dubai Tourist Visa for Indians if you want to travel there temporarily before deciding.
Golden Visa UAE Price For Indians
The cost of a UAE Golden Visa varies according to your visa category and the services you use to obtain the visa. The cost of the visa entails the following:
- The visa services (if applicable).
- The UAE Golden Visa fees.
- The investment you make in the UAE.
- The entry permit cost.
Around INR 26,910 is required to purchase the entry permit (AED 1,200). When applying from within the UAE, the Golden Visa costs between INR 62,792 (AED 2,800) and INR 85,217. (AED 3,800). However, applying outside of the UAE will cost you between INR 85,217 (AED 3,800) and INR 107,643. (AED 4,800).
Dubai Golden Visa Indian List
The UAE Golden Visa is something that most famous people worldwide desire. It is one of the most sought-after celebrity visas because it removes the requirement for extensive paperwork to obtain an ordinary UAE tourist or visit visa. Since its launch in 2019, the UAE Golden Visa has experienced tremendous demand.
Many Indian celebrities with UAE Golden Visas have turned the UAE into a second home. These celebrities are listed below.
- Shah Rukh Khan
- Sanjay Dutt
- Boney Kapoor and family
- Varun Dhawan
- Mouni Roy
- Suniel Shetty
- Urvashi Rautela
- Neha Kakkar
- Farah Khan Kunder
- Sonu Sood
- Ranveer Singh
- Sanjay Kapoor
How long does it take to process a Golden Visa for the UAE?
Get your entry permit first, then apply for the UAE Golden Visa. If all the documents supplied are accurate, the entry permit may be issued in 2 to 7 working days. You can apply for the UAE Golden Visa after receiving the entry permit; processing time for this visa can take up to 30 days.
Who May Apply For A Golden Visa For 5 Years In The UAE?
A minimum investment of AED 500,000 (about INR 1.07 crore) is required for nationals to qualify for a five-year UAE Golden Visa. The required qualifications include being a retired foreigner, an investor in real estate, an entrepreneur, or an outstanding university student.
Can You Become A Permanent Resident With A UAE Golden Visa?
You cannot, regrettably, stay in the UAE permanently. The UAE Golden Visa, however, is available and can be renewed every five to ten years.