UAE Golden Visa : Benefits, Procedure and Eligibility – Latest Updates Sept 2023

golden Visa uae

Golden Visa Information


Visa Price

Varies (AED 10k to AED 15k, depending on eligibility criteria)

Eligibility Criteria

Property-Based Criteria

Investment-Based Criteria

Salary-Based Criteria

Special Talent and Education-Based Criteria

Location Options

Inside UAE, Outside UAE

Residency Durations

2 Years

5 Years

10 Years

Sponsorship

Can sponsor family members, including spouses and children, with 10-year visas

Additional Benefits

10-year renewable residence visa

No sponsor or employer required

Ability to stay outside the UAE for more than six months and keep the residence visa valid

Ability to sponsor family members

Apply for an unlimited number of visas/work permits for domestic employees

Receive the Esaad card for special privileges

Required Documents

Passport & Visa Copy

Original Emirates ID

Passport Size Photo

Education Certificates

Bank Statement (6 Months)

Salary Certificate

Equivalency Certificate

Foreign Nationality

Yers

Since its date of implementation, the UAE Golden Visa has been highly wanted by many expats around the world. However, it’s an important document that has a very strict eligibility, so not all foreigners can apply for it.

In this article, you’re going to learn about the UAE golden visa benefits as well as the application process. In addition, you can understand how a service provider can help you obtain it. Let’s observe:

  • UAE Golden Visa: Benefits, Procedure and Eligibility
  • What is Golden visa?
  • What are the new changes made to the Golden Visa?
  • What are the eligibility requirements for the UAE Golden Visa?
  • What are the benefits of the golden visa?
  • Who can apply for the UAE Golden Visa?
  • What is the procedure to obtain the UAE Golden Visa?
  • How much does the Golden Visa cost?
  • What are the document requirements to obtain the Golden Visa?
  • How can Connect Resources assist you to obtain the UAE Golden Visa?

UAE Golden Visa: Benefits, Procedure and Eligibility

The UAE is one of the top destinations of the world. For this reason, many foreign investors, professionals and entrepreneurs look for ways to establish in this country.

In addition, the UAE Government has launched several initiatives with the aim to attract top talent to boost the economy. One of these initiatives is the UAE Golden Visa.

This new visa scheme was implemented in 2019, and its purpose is to offer long-term residence visa for individuals. It also enables foreigners to work, live and study in the UAE. However, there’s a significant difference since individuals won’t need a sponsor.

In all the other visa schemes, individuals must have a national sponsor since it is mandatory. But, with the new golden visa, it’s no longer required.

Therefore, there are many UAE golden visa benefits that people can get once they receive this document. So, many foreigners want to know how to get it and See which steps you must follow to hire employees from India.

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    What is the UAE Golden Visa?

    The Golden Visa benefits is a legal document that grants long-term residency to foreigners. The UAE has several visa schemes, so individuals can apply for the most convenient for them.

    The most common one is the UAE employment visa, where an employee gets sponsored by an employer and receives a residency that is valid for 2 to 3 years. There’s also the UAE freelancer visa, where the individual gets a residency for 1 year.

    However, the most interesting aspect about the UAE golden visa is the fact that it offers residency for 5 to 10 years. This is highly appealing for foreigners that want to live in the UAE and don’t want to worry about renewals so often.

    Nevertheless, the UAE Authorities have established strict regulations regarding who can receive this document. So, it’s important to know if you’re eligible and how you can apply and Here you can see how you can get a job in Dubai while you’re on a visit visa.

    What are the new changes made to the Golden Visa?

    Here are the revised details regarding the new changes to the Golden Visa program:

    Latest Updates to the Golden Visa Program in September 2023:

    One significant change is that you can now apply for the Golden Visa even if you are residing outside the UAE.

    Golden Visa Criteria 1: Salary-Based

    If you hold positions such as Chief Operating Officer (COO), Chief Executive Officer (CEO), Director, Manager, or Business Owner, you can qualify for the Golden Visa based on your salary. Here are the requirements:

    • You must have a minimum monthly salary equivalent to AED 50,000.
    • You should provide a 6-month salary certificate as proof of your income.
    • Please submit an attested copy of your highest bachelor’s degree.

    Golden Visa Criteria 2: Property-Based

    If you have made property investments in the United Arab Emirates, you can also qualify for the Golden Visa program. The duration of your visa depends on the property value:

    • For a Two-Year Visa: Invest in a fully paid property with a minimum value of AED 750,000.
    • For a Five-Year Visa: Invest in a property with a minimum value of AED 1 million if you are 55 years of age or older.
    • For a Ten-Year Visa: Invest in a property with a value of AED 2 million, and you will only need to pay AED 1 million to obtain the 10-year visa

    These updates to the Golden Visa program provide new pathways for eligibility and offer more flexibility for applicants, including those residing outside the UAE.

    UAE has also launched a New Visa and Here’s what you should know about the UAE Green Visa

    What are the eligibility requirements for the UAE Golden Visa?

    Certainly, here’s a revised version of the eligibility requirements for the UAE Golden Visa:

    Eligibility Requirements for the UAE Golden Visa:

    To be eligible for a UAE Golden Visa, you must meet one of the following criteria:

    • Property-Based Criteria:

    You must own property in the UAE with a minimum value of AED 2 million.

    • Investment-Based Criteria:

    You should have a two-year fixed deposit of AED 2 million in a local bank.

    • Salary-Based Criteria:

    You must have a minimum monthly salary of AED 30,000.

    You should have held the positions of Director, General Manager, or Chairman of the Board of Directors for a duration of 2 to 4 years.

    • Special Talent and Education-Based Criteria:

    You must be a doctor, expert, scientist, inventor, or a creative individual actively involved in the fields of culture and art.

    You should hold a doctoral degree (PhD).

    Meeting any of these criteria will make you eligible to apply for the UAE Golden Visa.

    What are the benefits of the golden visa?

    With the UAE Golden Visa, the individual can receive the following benefits:

    • 10 years of renewable residence visa
    • No sponsor or employer required.
    • Ability to stay outside the UAE for more than six months and still keep their residence visa valid.
    • Sponsor your family members, including spouses and children of any age with 10 year visas.
    • Apply for an unlimited number of visas/work permits for domestic employees.
    • Get the Esaad card and gain access to privileges that were previously only available to certain government employees.

    If you want to get all of these golden visa UAE advantages, you need to know first if you’re eligible.

    What is the purpose & benefits  of the UAE Golden Visa?

    The UAE Government launched the golden visa with the purpose to retain talented people in the country. By eliminating the restriction of needing sponsor, individuals who meet the eligibility criteria can know apply easily.

    The UAE Golden Visa is a extended-duration residency permit, granting foreign individuals the opportunity to reside, work, or pursue studies in the UAE, all while enjoying a range of exclusive advantages, including:

    • A 10-year renewable residence visa.
    • No need for a sponsor or employer.
    • The flexibility to spend more than six months outside the UAE and still maintain a valid residence visa.
    • The ability to sponsor family members, including spouses and children of all ages, with 10-year visas.
    • The option to apply for an unlimited number of visas and work permits for domestic employees.
    • Access to the Esaad card, unlocking privileges that were previously limited to specific government employees.

    Since it’s a straightforward process, anyone can do it. However, sometimes it may be challenging, so if you need assistance you can always contact Connect Resources and Contact Connect Resources specialists to get assistance with Emiratisation.

    Who can apply for the UAE Golden Visa?

    Once you know all the advantages that you can get with the UAE Golden Visa, you must know if you can apply.

    The following individuals are the ones who can apply:

    • PhD holders and data experts
    • Chief executives
    • Medical doctors
    • Outstanding students (their family can apply to)
    • University graduates with a 3.8 GPA score or more
    • Investors
    • Real estate investors
    • Entrepreneurs

    If you belong to one of the previous categories, you can obtain the golden visa. So, you should know how to apply for golden visa UAE for engineers or any other profession and Learn about the challenges of globalization and how to overcome them.

    What is the procedure to obtain the UAE Golden Visa?

    Obtaining the UAE Golden Visa involves a simple and straightforward process. While it’s relatively easy, it’s crucial to ensure your documents are prepared, as they need to be submitted. Additionally, meeting the eligibility criteria is essential, but compliance with specific requirements is also necessary. Here are the steps you need to follow to apply:

    Compile the Necessary Documents: Gather all the required documents.

    Submit the Documents: We will assist in forwarding your documents to the relevant authorities.

    Pay the Applicable Golden Visa Fees: Ensure you cover the necessary costs associated with the Golden Visa.

    Receive Your E-visa:Once processed, you will receive your E-visa.

    Complete Mandatory Medical Tests: Fulfill any required medical tests as part of the application process.

    By following these steps, you can successfully apply for the UAE Golden Visa.

    How much does the Golden Visa cost?

    The cost of the Golden Visa in the UAE can vary depending on several factors, including the validity of the visa and eligibility criteria. The price typically ranges from AED 10,000 to AED 15,000. The specific fee you will pay depends on the criteria under which you are applying for the Golden Visa.

    Additionally, the duration of the Golden Visa, whether it is for 2 years, 5 years, or 10 years, is determined by the UAE Government and is not directly related to the cost. Applicants can select the desired duration based on their eligibility and preferences.

    It’s important to note that these fees are subject to change, and it’s advisable to check with UAE immigration authorities or a reputable immigration service provider for the most up-to-date information on Golden Visa costs.

    For having a Visa you should have NOC and you can Discover everything about the NOC in the UAE.

    What are the requirements to obtain the Golden Visa?

    If you want to obtain the UAE Golden Visa you have to comply with the requirements. These will vary depending on your category.

    • Original Emirates ID
    • Passport size photo
    • Education certificates
    • Bank Statement (6 months)
    • Salary certificate
    • Equivalency Certificate

    What are the requirements of the golden visa for Foreign Investors?

    Property Acquisition: Investors can qualify for a Golden Visa by meeting one of the following criteria:

    • Property Purchase: Acquire a property in the UAE with a minimum value of AED two million.
    • Off-Plan Properties: Buy one or more off-plan properties with a combined minimum value of AED two million from approved local real estate companies.
    • Property on Mortgage: If you have purchased a property through a mortgage and have paid a down payment of AED 2 million or more, and the property has been handed over, you are eligible for the Golden Visa.
    • Dubai Property Handover: Any individual who owns a property with a handover value of 2 million AED in Dubai is eligible for this property visa.

    Meeting any of these property-related criteria allows foreign investors to qualify for the UAE Golden Visa.

    What are the requirements of the golden visa for Professionals ?

    The requirements for obtaining a Golden Visa for professionals and highly talented employees in the UAE are as follows:

    • Employment Contract: Professionals must have an active employment contract in the UAE, and their job designation should be at the Director level.
    • Bank Statement: Provide a bank statement for your personal bank account covering the last six months.
    • University Degree: Possess a university degree, and it should be fully attested.
    • Ministry of Education Equivalency Certificate: Obtain an equivalency certificate from the Ministry of Education for your educational qualifications.
    • Monthly Salary: Maintain a monthly salary exceeding AED 30,000.

    Meeting these requirements allows professionals and highly talented employees in various fields to be eligible for the UAE Golden Visa.

    What are the requirements of the golden visa for Entrepreneurs  ?

    The requirements for obtaining a Golden Visa for entrepreneurs in the UAE are as follows:

    Entrepreneurs can apply for a Golden Visa if they meet one of the following conditions related to their entrepreneurial ventures:

    • Ownership or Partnership in an SME: Own or be a partner in a start-up registered as a Small and Medium Enterprise (SME) in the UAE, with annual revenues of not less than AED 2 million.
    • Official Business Incubator Approval: Obtain approval for a start-up idea from an official business incubator or from the Ministry of Economy or other competent local authorities.
    • Successful Entrepreneurial Project: Have founded an entrepreneurial project that was sold for a total of not less than AED 7 million.

    Meeting any of these entrepreneurial criteria allows individuals to qualify for the UAE Golden Visa as entrepreneurs.

    What are the requirements of the golden visa for Humanitarian workers ?

    The requirements for obtaining a Golden Visa for humanitarian workers in the UAE are as follows:

    • Eminent Members of Regional and International Organizations: Individuals who hold prominent positions within regional and international humanitarian organizations may be eligible for the Golden Visa.
    • Outstanding Participants in Associations for the Public Good: Humanitarian workers who have made significant contributions and demonstrated outstanding involvement in associations dedicated to public welfare or charitable causes may qualify for the Golden Visa.
    • Winners of Honors in the Humanitarian Sector: Individuals who have received notable awards or honors in recognition of their contributions to the humanitarian sector may be eligible for the Golden Visa.
    • Honorable Donors and Supporters of Charitable Causes: Those who have made substantial donations or consistently supported charitable initiatives and causes with a significant impact may also qualify for the Golden Visa.

    The Golden Visa is available to individuals who have made substantial contributions to humanitarian efforts and have a proven track record of dedication and involvement in the sector.

    What are the requirements of the golden visa for Individuals with specialized talent?

    The requirements for obtaining a Golden Visa for individuals with specialized talent in the UAE are as follows:

    • Exceptional Talents in Vital Fields: Individuals who possess exceptional talents in vital fields such as art, culture, sports, athletes, and digital technology may be eligible for the Golden Visa.
    • Achievement Awards: To qualify for the Golden Visa, individuals in these specialized fields typically need to have received recognition and achievement awards that highlight their exceptional abilities and contributions.
    • Recommendation or Approval: A recommendation or approval from a federal or local government entity in the UAE is required for the Golden Visa application. This endorsement validates the individual’s exceptional talent and contributions in their respective field.

    Meeting these requirements allows individuals with specialized talent to apply for and obtain a UAE Golden Visa, recognizing their valuable contributions to vital areas such as art, culture, sports, and digital technology.

    What are the requirements of the golden visa for Students and Specialists?

    The requirements for obtaining a Golden Visa for students and specialists in the UAE are as follows:

    Outstanding Graduates from Top Universities: 

    • Applicants must be outstanding graduates from the top 100 universities worldwide. This typically involves a highly competitive selection process based on academic achievement and other criteria.

    Top-Performing Secondary School Pupils:

    • UAE’s top-performing secondary school pupils are also eligible for the Golden Visa. These are students who have demonstrated exceptional academic performance and have excelled in their secondary education.

    Criteria for Graduation Year and University Classification:

    • Meeting specific criteria related to the graduation year and university classification is essential. These criteria are often determined by UAE immigration authorities and may include graduating within a certain timeframe and from universities with a high ranking or reputation.

    Attested Degree:

    • Applicants must have their university degree fully attested as part of the application process.

    Equivalency Certificate:

    • Obtaining an equivalency certificate for the academic qualifications is typically required.

    Academic Performance/Cumulative Average:

    • Demonstrating a high level of academic performance or a strong cumulative average is often a key requirement for both graduates and top-performing secondary school pupils.

    Meeting these requirements allows outstanding graduates from top universities worldwide and high-achieving secondary school pupils in the UAE to apply for the Golden Visa, recognizing their academic excellence and specialization.

    Which requirements do Frontline heroes need to fulfill?

    Frontline workers with extraordinary efforts in crises, such as the COVID-19 pandemic can also get the golden visa in Dubai. To attract and retain talents, the UAE updates the golden residence rules as a part of the new Entry and Residence Scheme. The scope of beneficiaries is expanded offering more benefits including 10-year renewable residence.

    How can Connect Resources assist you to obtain the UAE Golden Visa?

     

    Connect Resources can assist you in the process of obtaining a Golden Visa in several ways. We have issue more than 1000+ Golden visa across UAE & outside nationals

    • Expertise and Knowledge: Connect Resources has experts who are well-versed in the eligibility criteria and application process for the Golden Visa in the UAE. They can provide you with accurate and up-to-date information.
    • Document Preparation: The Golden Visa application process requires various documents, such as proof of investment, educational qualifications, and financial records. Connect Resources can help you gather and prepare all the necessary documentation to ensure a smooth application process.
    • Application Assistance: They can assist you in completing and submitting the Golden Visa application, ensuring that all the required information is correctly provided.
    • Government Liaison: Connect Resources can liaise with government authorities and relevant departments on your behalf to facilitate the application process and address any issues or concerns.
    • Eligibility Assessment: Before applying, they can assess your eligibility based on your specific circumstances and advise you on the best pathway to secure a Golden Visa.
    • Legal Support: If there are legal aspects to your application, such as property ownership or business setup, Connect Resources can provide legal guidance and support.
    • Follow-Up and Updates: They can keep you informed about the progress of your application and any updates or changes in the Golden Visa program.
    • Timely Submission: Ensuring that your application is submitted within the specified deadlines and according to the latest regulations is crucial, and Connect Resources can help you meet these requirements.

    For the past two decades, Connect Resources has been dedicated to assisting individuals who aspire to work and live in the UAE. By availing our services, you can access all the advantages offered by the Golden Visa program and experience a high quality of life in one of the world’s leading countries.

    If you’re considering seeking immigration services or have any inquiries about the Golden Visa or related matters, we invite you to get in touch with Connect Resources. Our knowledgeable representatives are ready to answer all your questions and provide you with the guidance and support you need.

    You can contact Connect Resources by calling us at +971 433 166 88 or sending an email to contact@connectresources.ae. We look forward to assisting you in your journey to achieve your goals in the UAE.

    Talk to an Expert

    Connect Resources’ Kate Williams is our expert in company expansion and consulting. She is prepared to provide professional services to both local and foreign investors in the UAE.

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