Golden Visa UAE 2022 – Are You Eligible for the Much-Coveted Residency Visa?

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    Ever since the UAE government introduced the Golden Visa in 2019, many professionals from everywhere have been interested in it.

    However, it is important to keep in mind that only those professionals from particular areas are eligible for this visa. And in case you desire to get yours, you need to know whether you are eligible for a Golden Visa.

    What is the Golden Visa UAE?

    The Golden Visa is a long-term residency visa that enables foreign talents to live and work or study in the UAE for up to 10 years. This golden residency scheme is renewable and reserved for certain categories ranging from investors to individuals with exceptional talents.

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    The Golden Visa program is designed to attract foreign investment and expertise to the UAE, and it offers a number of benefits to holders, including the ability to live and work in the country, access to top-quality education and healthcare, and the ability to sponsor family members for residence visas. The length of the Golden Visa is generally 10 years, after which it can be renewed.

    What do you need to know about the Golden Visa in the UAE?

    In order to live and work in a country like the UAE, you will be required to get a visa. With this document, you can legally stay and exercise your profession, but you first must choose a visa that fits you. For example, if you are eligible, you can apply for a Golden Visa, which can bring you lots of benefits.

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    However, if you desire to get this particular visa, you will need to meet certain requirements and follow specific criteria. Learning about these elements is necessary to get a Golden Visa, Abu Dhabi Golden Visa, or any UAE visa. And besides, you should also learn about the application process before you start it, this way, it will be straightforward.

    Furthermore, after you complete this process and get your visa, you will be able to enjoy the benefits it offers. For example, it will allow you to live, study, work and conduct business in the country without needing a sponsor. And in case you are a foreign business owner or investor, you will have 100 percent ownership of your business.

    Who can apply for a Golden Visa in this country?

    There are several categories of professionals who are eligible and can get the many Dubai Golden Visa benefits and advantages. And in case you belong to any of those categories, you can easily get your desired visa and get benefits. However, make sure to take a look at the requirements before you submit your application to the authorities.

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    Golden Visa for Investors

    Getting an investor Golden Visa means that you must meet a number of requirements, like having at least AED 10 million worth of public investment. But it also offers certain benefits, like allowing you to include your spouse, children, an executive director, and an advisor. And if you desire to stay more than 10 years in the country, you can renew your visa before it expires.

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    Golden Visa for doctor

    In recognition of their efforts and sacrifices, doctors are eligible to get a Golden Visa in Dubai and the UAE. As long as they follow determined conditions in their respective fields of work, doctors and specialists can get this visa. For example, they must have a PhD degree from any of the top 500 best universities in the world.

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    Golden Visa for professional

    With this category, the UAE government aims to attract highly skilled professionals and workers to allow them to live in the country. And these professionals must have educational qualifications and enough experience in a number of fields, such as engineering, healthcare, etc. One of the requirements to get this visa is to have a valid employment contract in the UAE.

    Golden Visa for Talented individuals

    There are many individuals who can be considered talented and eligible for getting this special UAE visa. For instance, doctors, scientists, researchers, artists, and investors are some of the main categories of talented individuals eligible for it.

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    However, they must have accreditation granted by their respective fields and departments in order to complete the visa application procedure.

    What requirements must the applicant meet to get this visa?

    These may be investment funds accredited in the United Arab Emirates.

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    You can also have a commercial or an industrial license of an investor. In this case, the Memorandum of Association of the legal entity mentions the paid-up capital of the company. This capital must not be less than AED 2 million.

    On the other hand, another form is that the investor is the owner of a company in the country. And this company pays taxes of at least AED 250,000 on an annual basis to the Federal Tax Authority.

    How many benefits does this visa offer?

    You can get many benefits depending on whether you get a visa in Dubai, Abu Dhabi, or another emirate. For example, one of the Dubai Golden Visa benefits is that you can take a UAE driver’s test without extra lessons.

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    This is if you already have a driving license from your country.And in case your license is from any of the 32 approved Golden Visa countries, you will automatically get your UAE driver’s license. Among the approved countries, you can find Spain, the US, Italy, Australia, etc.

    Golden Visa UAE validity

    As mentioned, the Golden Visa is a long-term residency visa that enables foreign talents to live and work or study in the UAE for up to 10 years.Additionally, Golden Visa holders are permitted to stay outside of the UAE for as long as they need without having their residency nullified.

    Other privileges for family members include the ability to remain in the UAE if the Golden Visa holder passes away till the end of their residence permit.The grace period after visa expiry or cancellation has been extended from 30 days to 6 months for Golden visa holders and their family members.

    Therefore, expats now have 6 months to either amend their status and get another residence visa or leave the country.Fines do not apply during the grace period. However, if the Golden visa holder fails to renew or cancel the visa of his dependents, the dependents could be liable to pay an overstay fine.

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