In 2019, the United Arab Emirates launched a new visa system for long-term visa holders. It is known as the “Golden Visa”. The UAE Golden Visa has become a turning point in the country’s economic landscape in 6 years.  Granting long-term residency encourages foreign investment, strengthens a skilled workforce, and improves the real estate and business sectors.

The main advantages of the Golden visa of the UAE:

• The visa is valid for 5 and 10 years with the possibility of extension
• Obtaining the status of tax residence in the UAE
• Opening an account with UAE banks
• Tax benefits. No taxes on personal income, luxury and capital gains
• Banking services – possibility of obtaining a loan and mortgage
• Opportunity to start a business in the UAE
• Use health care services and apply for health insurance
• The right to study in prestigious educational institutions
• Official employment opportunities
• Getting a driver’s license
• You can stay outside the UAE for six months to maintain the validity of your resident visa
• Possibility of applying for a Schengen visa and a visa to the United States
• Possibility to sponsor your family members (spouses and children) and domestic staff
• Allowing family members to stay in the UAE until the permit expires in the event of the death of the primary Gold Visa holder

Requirements for entrepreneurs:

If you are the owner of an innovative, technical or future-oriented project, you can get a 5-year Golden Visa by providing:

1. Auditor’s letter stating a project cost of at least 500,000 dirhams in the United Arab Emirates
2. A letter of approval from the Emirate authorities stating that this is a technical / innovative project
3. Letter from an accredited business incubator in the United Arab Emirates, for the implementation of the proposed activity in the country

Requirements for senior managers:

1. Applicants must have a bachelor’s degree and at least 5 years of work experience
2. They must receive a salary of at least 50,000 AED and a valid employment contract

Requirements for specialists and students:

The following persons are eligible to apply for a Golden Visa:

1. Teachers of any of the 500 leading international universities approved by the Ministry of Education.
2. Applicants who have awards or certificates of appreciation in their field.
3. Scientists who have made a great contribution to their field of research.
4. Medical professionals who have at least 20 years of practical experience in the field of medicine.
5. University students with high academic performance and an average score of 3.75 or higher.
6. High school students with the highest grades in the country – a minimum score of 95% in a certified public or private school

Requirements for people with special talents:

1. Doctors licensed in Dubai can also apply for a Gold Visa.
2. Programmers can apply through the Office of Artificial Intelligence in the UAE Government.
3. Talented experts in the field of layout and programming, people who have worked in leading technology firms, graduates of computer academies, specialists in the field of artificial intelligence and software development are eligible to apply for a Golden visa

Regardless of the chosen path, the process of obtaining a residence permit usually includes the following steps:

1. Consultation and planning. Getting professional advice is an important step that allows you to choose the best path and avoid mistakes. Our specialists will help you collect the necessary documents and prepare your application.
2. Preparation of documents and conclusion of the contract. Collect a complete package of documents and enter into a contract with an immigration agent or law firm.
3. Medical examination and biometrics. Passing a medical examination and submitting biometric data.
4. Applying and waiting. Submit an application to the relevant authorities and wait for a decision. The review period may vary depending on the workload.
5. Get a visa and Emirates ID. Obtaining a resident visa and Emirates ID-an official identity card.

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