UAE Announces New 5 and 10 Year Residency Programs
The UAE Golden Visa program is meant for entrepreneurs, real estate investors, and other professionals to work, live and conduct business or study in the UAE without requiring a local sponsor. The 5 year Silver Visa and the 10 year Golden Visa allows foreign business owners and investors to own 100% of their business within the UAE. Both visas can be automatically renewed after the 5 or 10 year term.
Below you will find the details and benefits of the UAE Golden Visa program.
Eligibility Requirements
An individual may apply for the 10 Year Golden Visa if they make property investments of at least AED 10 million in the UAE, or if they make investments in the UAE that are at least AED 2 million and are in the form of one of the following:
The investor is the owner of a company in the UAE and pays tax of not less than AED 250,000 annually to the Federal Tax Authority.
The 10-year Golden Visa can be extended to include the holder’s spouse and children, as well as one executive director and one advisor.
Eligibility Requirements
An individual may apply for the 5 Year Silver Visa if they own AED 2 million worth of property in the UAE. The properties must not have any loan on them.
The 5-year Silver Visa can be extended to include the holder’s spouse and children, as well as one executive director and one advisor.
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You must comply with the following requirements to be qualified for a property investment visa in Dubai:
To qualify for a Dubai Company Investor visa, an investor must buy shares in an existing company or establish a new one and meet the following requirements:
The Golden Visa is a document that allows foreigners to live in the United Arab Emirates for an extended period. People can apply for whichever visa system is most suitable for them in the UAE. The most frequent is the UAE employment visa, which allows an employee to be sponsored by a company and acquire a two- or three-year resident permit. Then there is the UAE freelancer visa, which grants the holder a one-year residency. However, the most intriguing feature of the UAE golden visa is that it allows you to stay for 5 to 10 years. This is quite appealing to foreigners who want to live in the UAE but do not want to have to renew their visas all the time.
The following are some of the advantages of having a UAE Golden Visa:
If you want to take advantage of all of the benefits of a golden visa in the UAE, you must first determine whether you are eligible.
The UAE government created the golden visa in order to keep talented people in the country. Individuals who match the qualifying criteria can now apply without the need for a sponsor because the restriction of requiring a sponsor has been removed. Anyone could do it because it is a simple procedure. However, it can be difficult at times, so if you need help, you can always approach Connect Resources and speak with one of their specialists about Emiratisation.
After you have learned about all of the benefits of the UAE Golden Visa, you will want to know if you are eligible to apply. Individuals that are eligible to apply include:
You can get a golden visa if you fall into one of the former categories. As a result, you should be aware of how to apply for just a golden visa.
The UAE government made several changes to widen the eligibility for the Golden Visa. This is done so that a diverse collection of international experts can be attracted. They also hope to recruit bright students who wish to pursue employment in the area. Previously, only top investors, businesspersons, rich executives, and scientists were allowed to participate. The UAE authorities, on the other hand, have indicated that the following changes will take full effect in December:
A simple procedure must be followed in order to receive the UAE Golden Visa. It is quite simple, but you must have your paperwork ready because you must also submit them. Furthermore, you must obey the guidelines even if you meet the eligibility requirements.
Here is the steps you must follow to apply:
Keep in mind that you must be willing to move to a UAE in order to obtain this document. Once you have arrived in the country, you will be able to carry out all of your responsibilities as a resident and begin to benefit from the UAE golden visa. You could get Visa & Government Services through Connect Resources.
Another significant factor to consider while applying for a Golden Visa is the cost of the document. The cost will vary based on the visa’s validity.
The following are the fees for each of them:
Real estate investors’ requirements are nearly identical to those of common investors. The only difference is how they can apply for a five-year residency and make an AED 5 million investment. This Dubai Visit visa allows holders to sponsor their dependents.
A foreign investor is eligible to qualify for a ten-year golden visa if he or she meets the following criteria:
Doctors, businesspersons, artists, researchers, and scientists are among those recognized as having specialized talent. Once they obtain accreditation in their particular disciplines, they may be eligible for a 10-year golden visa. They can also sponsor their wives and kids.
When it comes to great pupils or educational specialists, they must meet one of the following conditions:
When it refers to specialists, including such scientists, they must demonstrate that they have contributed significantly to their field of study. A 10-year resident visa is available for scientists. Individuals who are creative can also apply for a 10-year residency visa, but the Ministry of Culture & Youth must first accredit them.
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