ATTAIN A UAE GOLDEN VISA THROUGH OUR SIMPLIFIED APPLICATION PROCESS.
Get long-term residency, 100% company ownership, and more from a UAE Golden Visa with the help of our team.
In 2019, the UAE came up with the Golden Visa program that aimed to lure and maintain global professionals, investors, entrepreneurs and exceptional students. We have a team of professionals dedicated to ensuring that you get through the Golden visa application process smoothly so that you can enjoy all its benefits.
The benefits of obtaining a UAE Golden Visa are as follows:
Long-Term Residency: The Golden Visa is an enabler for long-term residency in the UAE, which provides individuals and businesses with a firm foundation upon which growth can take place.
100% Company Ownership in the Mainland: As opposed to other nations where foreign nationals cannot own 100% percent of their firms on mainland, our golden visa grants full ownership rights thus affording entrepreneurial autonomy over business decisions.
Live, Work, and Study: A person who holds such kind of a golden visa must be welcome in any country because this gives him/her an opportunity to live, work study within the buzzing UAE – it’s not just another country on your travel list.
Our goal is to make sure you have a smooth and efficient process concerning acquiring your golden visa; we will guide you throughout. For more information on how to go about this, contact us today and let’s start moving into a future that guarantees a long-term stay on our land as well as an immersive experience in its unique culture. These opportunities are just waiting for you, so grab them while they last!
MUST KNOW
The standard processing time for the Golden Visa application is typically 2 to 4 weeks, depending on additional requirements.
Our Golden Visa UAE Services
Client assessment
Documentation
Standard requirements
- Copies of your passport, visa and Emirates ID card.
- Employment contract in accordance with UAE labor laws.
- Income verification through a salary certificate or confirmation letter.
- All educational certificates, attested and legalized by the UAE Ministry of Foreign Affairs.
- Six months statements from your personal bank account.
- If applicable, proof of property ownership on title deed.
- Endorsement letter from your employer or a notable individual attesting to what you have done for your industry. For example, the UAE economy.
- Updated resume or LinkedIn profile.
- Articles and features on your professional accomplishments, business or contribution to the economy of UAE.
Existing UAE residents on a non-Dubai visa
One must deposit two million dirhams for two years, without option of withdrawing or maintaining in an external account from any local bank. A letter of confirmation from the bank will be required. The immigration authorities also said that if the deposit is withdrawn or encashed then the visa will automatically be cancelled.
Existing UAE residents on a Dubai visa (company owners/investors)
- Bank statements show cash movements of around AED 2 to 3 million in the accounts.
- All corporate documents such as the license and share certificate.
- More than 3 years’ tenure in the post of CEO is required for people holding this position.
- Company executives must have a minimum of 5 years in the executive position.
- Submitting office lease or Ejari.
- Audited financial statements.
- The license of the auditing firm is a copy.
Golden Visa UAE – Everything You Need to Know
Imagine yourself realizing your business dreams in the most ideal place and not anywhere else but a foreign town that always experiences summer and have those amazing beaches. That sounds attractive, isn’t it? Well, now imagine a situation where you are forgiven your debts by this city overseas. Is that not even better? Actually, I don’t want you to think about that anymore because United Arab Emirates is the answer.
The only condition for this opportunity is obtaining UAE Golden Visa which will allow you to stay here permanently. This visa does not only give way into that grand lifestyle characteristic of UAE but also offers favorable tax environment for your personal business.
Do not miss out on this chance to actualize your business dreams in a magnificent city known for its glamour and pro-business atmosphere. The UAE Golden Visa is more than just a pass to do business but also an opportunity to blend luxury, sun and tax advantages. Consequently make that dream come true today To you and your company.
What’s a Golden Visa in the UAE?
We welcome you to our guide, covering everything that will be of interest in the UAE’s famous Golden Visa. Read on and find out how to make your dream of living, working and prospering in the UAE into a reality.
What is the Golden Visa in UAE?
Standing out from many other international Visa programs, UAE’s special Golden Visa offers a 10-year visa to the eligible candidate. It not only gives long-term residency but also provides a number of attractive privileges that the typical residence visa program does not.
The Golden Visa program, introduced in 2019 to attract talented foreigners and retain those already there by offering permanent residence in a tax-friendly environment. The program also sought to promote business itself, helping the economy of the UAE grow.
The Success of the Strategy: A Thriving Community
As of the end of last year, 44,000 Dubai residents had obtained long-term residency under Golden Visa. The program has likely contributed in some way to the UAE’s relatively robust performance amidst the covid-19 pandemic, and continues strengthening its international image by making it a desirable place for people not only live or work but to launch new enterprises as well.
As for the Golden Visa program, it is designed to attract potential entrepreneurs, investors and those people with very high abilities in a particular area of expertise. In fact eligibility has been extended not just for medical professionals or engineers but also researchers and university students who have done exceptionally well during their studies as well.
Golden Visa Residency is granted for ten years and, in some cases the visas are automatically renewed. This feature in particular brings huge convenience for those who are not fond of bureaucratic procedures, as it shows that the UAE government is serious about reducing red tape surrounding visa applications. Only those who have ever struggled through the difficulties of obtaining foreign visas will appreciate how much more convenient such simplified procedures are.
The benefits of a UAE Golden Visa
The Golden Visa lives up to its name: it really is the gold standard for long-term residence visas. In the sunshine of year-round summer, with ultramodern infrastructure and beautiful beaches, the UAE government has carefully crafted a program involving many attractive perks to bring in talent from around the world.
Do Away with the Local Sponsor Requirement
Golden Visa holders are allowed to live, study and work in the UAE without having first needed to find a local sponsor. That’s an important advantage, particularly for those already familiar with the difficulties and time-consuming process of finding a local sponsor. Living in the UAE becomes even more attractive by eliminating entirely the requirement to have a national sponsor.
Complete Ownership of Your Business
Another big plus for the Golden Visa is allowing 100 % foreign ownership of a business in the UAE. This is a huge departure from the previous condition that foreigners had to have an Emirati national as partner who would own part of the company. The Golden Visa removes such logistical obstacles, allowing qualified foreign entrepreneurs and businessmen as well as investors to enjoy the full ownership of their businesses.
Including Others on Your Visa
Golden Visa holders are entitled to have their family members, business partners or associates included in the visa under certain conditions. This function streamlines the visa process for relatives and business associates, perhaps saving a boatload of paperwork at one stroke.
Free Travel to and from the UAE
Golden Visa holders can enter and exit the UAE as they wish. As with the UAE citizens, they may go and see relatives or perform foreign business meetings as often as frequently. Lacking travel restrictions affords a certain amount of flexibility and convenience for Golden Visa holders.
In the subsequent parts of this guide, we will explore in detail how to apply for Golden Visa, and your chances of getting one. There is a step-by-step roadmap to convert your dreams into reality.
Golden Visa Programs Across Various Emirates: Abundant Benefits
Across the Emirates, Golden Visa programs offer a wide range of advantages to individuals and families in various spheres. In terms of considering citizenship, all visa options should be evaluated carefully.
Dubai
Golden Visa holders in Dubai enjoy distinct privileges depending on their category, such as Esaad privilege card issuance. This card is a special benefit for people with golden visas in Dubai, which is given free of charge.
UAE driver’s license test can be taken by persons from another country who have driving licenses and a Golden Visa in Dubai without requiring any special classes. Moreover, if holders of the golden visa have a licence from one of the 32 approved countries, they are qualified for an automatic UAE driver’s licence.
Also, ten-year residency visas may be granted to exceptional international students in Dubai along with their families. These overseas students under this category could obtain reduced fees at international universities throughout Dubai as well.
Abu Dhabi
The Resident’s Office also gives Golden Visa holders many other opportunities, such as exclusive real estate bargains and discounts, health offers and hospitality services, as well as cars, insurance, and banking in Abu Dhabi.
Golden Visa holders in Abu Dhabi can get a discount on some properties from Imkan Properties through partnerships with the Abu Dhabi Resident’s Office.
Moreover, Golden Visa investors in property can have their mortgage interest rates reduced by some banks, such as Abu Dhabi Commercial Bank and First Abu Dhabi Bank. Moreover, non-real estate investors enjoy attractive interest rates on savings accounts.
In this regard, gyms and spas offer discounted rates to Golden Visa holders under one condition: they must stay for free at a selected group of hotels. In addition, they are given price cuts on cars, preferential reservations for new models, special payment terms or maintenance services, including licensing work.
Another significant benefit for Golden Visa holders in Abu Dhabi is that they qualify for lower annual premiums for family and individual health insurance packages.
Such benefits are designed to lure top talent into the UAE; it is all about making sure that residents in the emirate live more than just a conventional residential life.
Is My Eligibility for a UAE Golden Visa Confirmed?
Recently, the UAE government widened its Golden Visa eligibility criteria so it is more easily attainable by people around the world. Nonetheless, it is important to be clear that the principal purpose being served by Golden Visa is promoting business development. Aiming to nurture a skilled workforce and stimulate the economy, the government seeks people of certain caliber. Thus, the qualifications for Golden Visa are still very precise.
If your conditions match those specified or if you do not meet the criteria laid out for your class, then it is very likely that approval of your Golden Visa application will be granted.
The primary groups eligible to apply for residency in the UAE under the Golden Visa program include:
- Investors
- Specialists with talents, as well as researchers in the various fields of science and knowledge
- High-level executives
- Athletes
- Experts in the fields of engineering and science
- creative personalities, as well artists and other people concerned with culture
- Inventors
- promising scientific abilities, outstanding students.
Within each of these categories, individuals who apply for the Golden Visa must meet different conditions and criteria in order to make a successful application. The following section will take a look at some of these prerequisites.
Investors
In this category, applicants must invest in a property with a specific value or set up business there. It should make a major contribution to the economic development of the country.
Holders of Specialized Talents and Researchers
Those with outstanding skills, talents or expertise in areas such as science and knowledge can apply. Other researchers who have achieved significant breakthroughs in their respective fields can also apply.
High-Level Executives
Golden Visa is for top executives, CEOs and people of similar standing in prominent enterprises.
Athletes
A person is eligible for a Golden Visa if he or she has reached the pinnacle of their sport and have high achievements.
Specialists in Engineering and Science
Those with advanced degrees and professional experience in the fields of engineering or science can apply for Golden Visas.
Creative Persons and Those in Culture or Art
The Golden Visa can be applied for by artists, performers and cultural figures who have contributed to the United Arab Emirates.
Inventors
Golden Visa is awarded to individuals with patents for important inventions.
Outstanding Students
The Golden Visa, which is only available to exceptional students with promising scientific abilities, provides UAE businesses a pool of potential talent.
Knowing the exact criteria for each category is required to have a successful Golden Visa application. This flexibility in criteria for eligibility shows the UAE’s determination to attract talented people of many kinds and thus promote economic development through it Golden Visa program.
The Process of Applying for a Golden Visa in the UAE
The procedures for obtaining a Golden Visa differ and depend on your profession as well as the application category under which you are applying. The next section will address the respective needs of each class of professional. However, the fundamental steps you need to follow to apply for a UAE Golden Visa are as follows:
- Fill out the application form under which category you want to apply, and get together your supporting documents.
- Upload the documents and pay the fees applied.
- Waiting for specific information about the status of your application, which may take up to 30 days.
- If the application is successful, and you now have a UAE visa, please cancel it.
- Bring your passport when applying for a Golden Visa. Later, you will obtain the new visa by stamping it on your passport.
These steps give you an outline of the application process, but be aware that according to your professional status various required documents may differ. The next portion will go into the particular needs for each group, providing a complete guide in line with your actual situation. Knowing and implementing the detailed criteria for your profession will increase not only the speed of but also the success rate in applying Golden Visas.
Which Individuals Are Eligible to Apply for a UAE Golden Visa?
Assessing Eligibility for a UAE Golden Visa:
Investor Category
You need to meet certain requirements if you want to ascertain whether or not you qualify for a UAE Golden Visa under the Investor category. Below are the criteria for individuals classified as commercial investors in an investment fund:
Requirements:
- The company audit, including the financial report for last year.
- Commercial-industrial (duplicate license and partners’ list).
Residence photo. - Company account statement for the last three months (including VAT returns).
Note:
Licenses accepted are only from the Emirate of Dubai (commercial or industrial).
Where the license is from free zones or special development zones, one must provide a ‘To Whom It May Concern Certificate’ signed by relevant zone authorities.
Investor in a Deposit Fund (Investment Fund)
Requirements:
- A letter from the bank written in Arabic, verifying that the deposit has been made. The letter must explicitly specify that the warranty will remain valid for at least two years. In addition, it should indicate that any early deposit withdraw will be communicated to the General Directorate of Residency and Foreigners Affairs Dubai.
- Residence photo.
- Rental lease.
- Occupation when applying – not specified
Investor in a tax return investor fund. (tax return investor)
Requirements:
- A communication from the Federal Tax Authority.
- a copy of the license and
- list of partners.
- Residence photo.
- Occupation when applying – not specified.
- Given profession – investor.
Specialized Talents and Researchers in Various Fields of Science and Knowledge:
Owners Doctors
Requirements:
- Arabic certificate of practicing a profession from the Health Authority ( Ministry of Health-Dubai Heathcare City).
- The labor card of the Ministry for Human Resources and Emiratisation or a certificate awarded by one of the agencies affiliated with General Directorate of Residency and Foreigner Affairs & Free Zones.
- A photo of the residence.
- Occupation at time of applying, as shown on the license certificate.
- Granted the license, thus is the profession.
Scientists
Requirements:
- Certificate of Recommendation from the Emirates Scientists Council or Secretariat as award recipient Medal for Academic Excellence.
- A copy of the passport.
- Occupation when applying – not specified.
Creative Individuals and Cultural and Artistic Personalities
Requirements:
- Recommendation letter from the Culture and Arts Authority.
- A copy of the passport.
- Occupation when applying – not specified.
- The profession is awarded as per the letter of recommendation.
Inventors
Requirements:
- Recommendation letter from the Ministry of Economy.
- A copy of the passport.
- Occupation when applying – not specified.
- The profession is awarded as per the letter of recommendation.
Requirements for High-Level Executives (General Manager, Executive Director, Chairman of the Board of Directors):
- Obtain a Company NOC letter for the golden visa, explicitly stating a 5-year term of service in the roles of General Manager, Executive Director, or Chairman of the Board of Directors.
- Hold a Bachelor’s degree or higher, with the certificate duly certified by The Ministry of Education.
- Provide a monthly salary certificate reflecting earnings of AED 30,000 or more.
- Present a valid work contract specifying the profession and salary, aligning with the roles of General Manager, Executive Director, or Chairman of the Board of Directors.
- Furnish a personal account statement covering the last six months.
- Indicate the occupation upon application as either General Manager, Executive Director, or Chairman of the Board of Directors.
- The profession awarded should be Executive Director.
Requirements for Athletes
- Secure a recommendation letter from one of the sports councils or the General Authority for Sports.
- Submit a copy of the passport.
- Specify the occupation upon application (not specified).
- The awarded profession will be defined based on the letter of recommendation received.
Requirements for Specialists in the Fields of Engineering and Science:
- Possess a Bachelor’s degree or higher, certified by the Ministry of Education, or provide a degree equivalency letter if the certificate is from a foreign country.
- Submit a copy of the residence.
- Present an employment contract for a profession within the following specializations: Epidemiology Viruses, Artificial Intelligence, Big Data, Computer Engineering, Electronics Engineering, Software Engineering, Electrical Engineering, Genetic Engineering, and Biotechnology Engineering.
- Specify the profession upon application according to the approved major, with a preference for higher qualifications.
- The awarded profession will be determined based on the specific specialization.
Requirements for Exceptional Students with Promising Scientific Abilities (Graduates of 2019 – 2020 and beyond):
- Provide a recommendation from the Ministry of Education, ensuring confirmation via text message.
- Submit a copy of the residence permit (Emirate of Dubai).
- Include a copy of the passport.
- Occupation upon application should be specified as “not specified.”
- The awarded professional will be recognized as an “Outstanding Student.”
Embark on a New Chapter With a Golden Visa in the UAE
Take an excursion into a land of eternal sunshine, high life, and intriguing business opportunity seeking UAE’s Golden Visa. This distinguished program with 10-year visa options may well provide you the key to a great opportunity!
If it turns out that you do indeed satisfy the requirements for a UAE Golden Visa, now is certainly the time to get started. Speak with our Dubai-based company formation specialists at GCS Group today. We are here to accompany you through the simple process of applying for your Golden Visa and starting a business in this country using our user-friendly interface.
We recognize the importance of this special window for you and what it might mean to your personal development. Our professionals are at your service to help guide you timely and smoothly through the Golden Visa application process, unlocking a more fulfilling life in UAE. Do not lose this opportunity to enjoy a life of sun and luxury, or find your fortune. Just call us right now!