In 2019, the United Arab Emirates (UAE) launched a significant initiative known as the Golden Visa. This program offers exceptional talents the opportunity to live and work in the UAE under their own sponsorship through a 10-year renewable visa.
Over the years, the eligibility criteria for the UAE Golden Visa have broadened, enabling more individuals to establish permanent roots in the country.
Eligibility Criteria for the UAE Golden Visa
The Golden Visa scheme encompasses several categories, each with its unique set of requirements. Applicants must carefully consider the category that best suits their circumstances and seek professional advice to ensure it aligns with their timelines.
For the Property Golden Visa, applicants must own property valued over Dhs2,000,000, with less than 50% mortgage outstanding. They must also have UAE medical insurance and provide identification documents.
The C-level (management) Golden Visa requires applicants to have a monthly salary of over Dhs30,000, a fully attested and translated degree, six months of bank statements, a No Objection Certificate (NOC) from their current employer, a salary certificate, and identification documents.
The Special Talents Golden Visa requires a fully attested and translated degree, proof of work, a CV, a recommendation letter, and identification documents.
Benefits of the UAE Golden Visa
The Golden Visa offers numerous advantages beyond long-term residency. These include tax benefits, investment opportunities, education, and retirement options that are not available to other visa holders.
As a UAE resident, Golden Visa holders can enjoy the country’s world-class infrastructure and amenities. They can also sponsor their family under the visa.
Additionally, Golden Visa holders can stay outside the UAE for more than the usual six-month period to keep their residence visa valid and have multiple entry abilities.
Assistance from Luxe Incorporations
Luxe Incorporations, a company formation specialist, provides comprehensive support throughout the Golden Visa application process.
They assist with document preparation, attestation, medical tests, biometric formalities, and finalizing the visa. Once everything is in place, they deliver the Emirates ID card directly to the applicant’s door.
Alternative Options for Non-Eligible Applicants
If an individual does not meet the Golden Visa criteria, there are other visa opportunities available across the UAE. These include a freelance permit, business ownership, or the traditional employment visa where the individual will be sponsored by their company.
In conclusion, the UAE Golden Visa offers a unique opportunity for talented individuals to establish a long-term presence in the UAE, providing them with numerous benefits and opportunities.