Dubai Golden Visa
Dubai Golden Visa:
Ever since the Golden Visa was started by the UAE government, the buzz has refused to die down. So what is the fuss about? Read on to know more about the Dubai Golden Visa and get in touch with 6TH Move today to apply for the coveted Dubai Golden Visa!
The UAE’s ‘ Dubai Golden visa’ is a long-term residence visa which enables expats to live, work or study in the UAE while enjoying exclusive benefits which include:
- A long-term, renewable residence visa valid for 10 years
- the privilege of not needing a sponsor in the UAE
- the ability to stay outside the UAE for more than the usual period of six months in order to keep their residence visa valid
- the ability to sponsor their family members, including parents, spouses and children regardless of their ages.
- the ability to sponsor an unlimited number of domestic helpers
- the permit for family members to stay in the UAE until the end of their permit duration, if the primary holder of the Golden visa passes away.
If you belong to any of the below categories, you may be eligible for the UAE golden visa:
- Investors in public investments
If you invest in an investment fund, you may be granted a Golden Visa for a period of 10 years without a sponsor, subject to the:
- Submission of a letter from an investment fund accredited in the UAE stating that the investor has a deposit of AED two million, or
- Submission of a valid commercial licence or industrial licence and a memorandum of association stating that the investor’s capital is not less than AED two million
- Submission of a letter from Federal Tax Authority stating that the investor pays the government no less than AED 250,000 (two hundred and fifty thousand) annually.
- You must own the invested capital completely; it must not be a loan
- Provide proof of medical insurance for himself and his family (if any).
- Real Estate Investors
If you own a property or a group of properties, you may be granted a Golden visa for a period of 5 years, renewable on the same conditions and without a sponsor subject to the:
- provision of a letter from the land department of the respective emirate stating that you own one or more properties whose value is not less than 2 million dirhams
- purchase of a property with a loan from specific local banks approved by the competent local entity.
- Entrepreneurs
If you are an entrepreneur, you may get a Golden visa for a period of 5 years, if you own an economic project of a technical or future nature based on risk & innovation. In addition, you must have an approval letter from each of the following:
- An auditor in the UAE stating that the project value is not less than 500,000 dirhams
- The authorities in the emirate stating that the project is of a technical or future nature
- An accredited business incubator in the UAE to establish the proposed activity in the country.
- Outstanding Specialised Talents
Outstanding specialised talents include:
- doctors
- scientists
- creative people of culture and art
- inventors
- specialists in scientific fields
- athletes
- doctoral degree holders and
- specialists in the fields of engineering and science (includes epidemiology and viruses, Artificial Intelligence, Big Data, Computer Engineering, Electronic Engineering, software engineering, electrical engineering, genetics and biotechnology engineering)
If you have an outstanding specialised talent, you may get a Golden visa for 10 years after meeting the requirements mentioned below for each category:
- An approval Letter from Ministry of Health and Prevention in the UAE to practice the profession of medicine (for doctors)
- A letter of recommendation from Emirates Council of Scientistsor a letter from Secretariat of the Mohammed bin Rashid Medal for Scientific Excellence stating that the applicant has been awarded the Medal of Scientific Excellence (for scientists).
- A recommendation letter from Ministry of Economy stating that your patent has an added value to the country’s economy (for Inventors)
- An approval letter from the department of culture and arts in the respective emirate.
- a recommendation letter from General Sports Authorityor one of the sports councils (For Athletes)
- a copy of a Bachelor’s or a Master’s degree certified by Ministry of Educationand a work contract (Specialists in Engineering or science)
- Executive Directors
Individuals holding an Executive Director position in their Companies are eligible for the Golden Visa, subject to the below:
- A copy of a university degree accredited by Ministry of Education with educational attainment not less than a bachelor’s degree
- a letter of experience of no less than 5 years holding the same position
- a salary certificate with a salary of AED 50,000 at least
- a valid work contract.
- Outstanding Students
If you are an outstanding university student, you may be granted a Golden visa for a period of 10 years without a sponsor, within 2 years of your graduation, provided that:
- the university must be rated either A or B class by Ministry of Education
- a recommendation letter from the university or an accredited graduation certificate or an accredited academic record stating that the student’s cumulative GPA is not less than 3.5 for A class universities and 3.8 for B class universities is submitted.
Outstanding students of foreign universities may also be granted a Golden visa for a period of 10 years without a sponsor, within 2 years of their graduation, provided that:
- The university is rated among the best 100 universities global according to the rating system recognized by Ministry of Education
- The student’s cumulative GPA is not less than 3.5
- Graduation certificate is accredited by the Ministry of Education
- Pioneers of Humanitarian Work
If you are a pioneer of humanitarian work, you may get a Golden visa for 10 years. You must be one amongst the following categories to qualify as a pioneer of humanitarian work:
- Members and outstanding employees who have worked for international and regional organisations for a minimum of five years
- Members and outstanding employees who have worked for civil associations and institutions of public interest for a minimum of five years
- Individuals who have received an appreciation award from a local, regional or international organisation that focuses on humanitarian work
- Funders of humanitarian work provided that the value of the support does not fall below two million UAE dirhams or its equivalent.
Frontline heroes
Frontline heroes who displayed extraordinary effort in crises, such as the COVID-19 pandemic also may get the Dubai Golden Visa with a recommendation from a competent authority. Frontline heroes include nurses, medical assistants, lab technicians, pharmacologists and other cadres approved by the Frontline Heroes Office.
So you think you fulfil one or more of the above eligibility criteria? Get in touch with the experts at 6TH Move without any further ado and lets get you and your family Dubai Golden Visa !