UAE’s golden visa is one of the most sought-after documents worldwide. So further in this blog, we will be learning what it actually is and how can you get one.

The UAE’s Golden visa is a residence visa for the long term which enables foreigners to live, work, or study in the UAE. Moreover, a golden visa provides some exclusive benefits to the holder. So who can be eligible for Golden Visa? Investors, entrepreneurs, scientists, humanitarian pioneers, outstanding students and graduates, and frontline heroes are among those who are eligible for the Golden visa.

Requirement for UAE’s Golden Visa

Requirements for the Golden Visa depend on the type of residence for instance, whether the applicant is an investor, entrepreneur, or anything else. 

Investors in public investments

If you invest in an investment fund, you can apply and be granted a golden visa for 10 years without a sponsor. However, you are required to:

1. Submit a letter from an investment fund accredited in the UAE. The letter should state that the investor has a deposit of AED 2 million. Or submit a valid commercial license/industrial license along with a memorandum of the association stating that the given investor has a capital of not less than AED 2 million.
2. Submit a letter from Federal Tax Authority mentioning that the investor pays the government not less than AED 250,000 annually.

In addition to this, you must:

• Own the invested capital entirely which means it shouldn’t be a loan and
• Provide proof of medical insurance for you and your family if any.

Investor in real estate

If you won a property or properties, you may get a Golden Visa for 5 years. Furthermore, you can get this visa renewed on the same condition without a sponsor subject to:

• A letter from the land department of the perspective emirate stating that he owns one or more properties with a value of not less than AED 2 million
• Purchase of a property with a loan from specific local banks approved by the competent local authority

Entrepreneurs

An entrepreneur may get a Golden Visa for 5 years if they own an economic project of a technical or future nature based on risk and innovation. Moreover, you require an approval letter from each of the mentioned below:

• An auditor in the UAE stated that the project value is not less than AED 500,000
• The emirate authorities stated that the project is of technical or future nature
• An accredited business incubator present in the UAE to establish the proposed activity in the country

All in all

With UAE’s Golden visa, you don’t need any sponsor and you can sponsor your family members regardless of their age. Furthermore, you can live outside of the UAE for more than six months to keep your residence visa valid. We hope that the above blog has provided you with enough information about Golden Visa requirements. If you belong to professions that aren’t mentioned above and you still seek Golden Visa, stay tuned for future updates.