The 10-year residency permits are for investors and people with exceptional skills
In honor of their unique status, tens of thousands of people in the UAE have been granted a golden visas.
People who have made a significant contribution to the country, have highly valued abilities, or operate in essential areas that are critical to economic growth are granted 10-year resident permits.
Hundreds of high school students who received golden visas for themselves, their parents, and siblings were among the recipients.
Golden visas were approved for the first time in late 2020. In the first year, Dubai alone issued 44,000 visas.
The UAE Cabinet, led by Vice President and Ruler of Dubai Sheikh Mohammed bin Rashid, approved the ‘executive regulations’ of the Federal Decree-Law on Foreigner Entry and Residence in April of this year.
These prompted the introduction of new visa kinds and the legal approval of ones that had already been implemented, such as the Golden Visa residency program.
A Perfect Investment Opportunity in Dubai
Golden visas became available in 2020. They are intended to allow foreigners to live, work, and study in the UAE without the need for a national sponsor and to allow them to own 100% of their firm on the UAE’s mainland.
These visas are valid for ten years, and if the recipient continues to follow the terms of the visa, it can be renewed for another ten years when it expires.
Every two to three years, normal expatriate workers must renew their visas.
Emirati citizenship, on the other hand, can only be awarded to those nominated by government or royal court authorities.
Investors, entrepreneurs, people with specialized talents, researchers in many sectors of science and knowledge, and bright students with promising scientific abilities may be awarded golden visas.
Senior Emiratis or government entities may propose persons for golden visas, while in other cases, people must apply online.
Property investors with a budget of Dh1 million to Dh2 million have various possibilities.
If a person is granted a golden visa, their spouse and children are eligible to apply as well.
The following categories of people are entitled to apply for a 10-year residence visa in the UAE.
1. People with public investments of at least Dh10 million. The investment may take many forms, such as:
The golden visa includes the spouse and children of the holder, as well as one executive director and one adviser. It can also be extended to include business partners, on the condition that each partner contributes Dh10m.
2. People with specialised talents
This comprises professionals in the realms of science and knowledge, such as doctors, specialists, scientists, and inventors, as well as cultural and artistic innovators.
You are eligible if you have a PhD or a patent, although there are some restrictions on how specialized talents are considered, as detailed on the UAE government portal.
All categories of applicants must also have a valid job contract in a priority specialized field in the UAE.
Interested applicants must register on the website of the UAE’s Federal Authority for Identity and Citizenship (ICA).
Golden services have their own section.
If you fall into one of the qualified categories but have yet to be nominated, fill out the form under the “Visa – Golden Visa – Nomination Request For Golden Residence – New Request” box.
An online form asks for your personal information as well as the category in which you believe you should be nominated.
You’ll also need your Unified Identification Number (UID), which is a six-digit number given to everyone who enters the UAE.
The General Directorate of Residency and Foreigners Affairs, Dubai’s immigration agency, has also established a new staff to handle applications for golden visas and other important people.
The Golden Residency is awarded to outstanding students who have received at least a 95 percent average in their high school diploma from a public or private schools, as well as university students from within or outside the country with a cumulative GPA of at least 3.75, or its equivalent in specific scientific disciplines.
Families of students are included in the visa.
You will receive an email within 30 days informing you of the outcome of your nomination application.
You will be provided a link to upload the appropriate visa documents after your nomination has been approved.
Your application will be verified by the Federal Authority for Identity and Citizenship within weeks of uploading your documents, and you will obtain your visa.
If you are presently residing in the UAE, you will be issued a one-month temporary visa and will be required to convert it to a residency permit during that time.
If you are currently residing outside of the UAE, you will be granted a six-month visa to visit, explore, and settle in the country.
To apply for this multi-entry visa, you must complete an online application. One is for investors, while the other is for entrepreneurs and exceptional pupils. The price is Dh1,150.
The talented people’s six-month visa allows for only one admission.
You will be needed to change your temporary visa into a resident permit during this time.
You must have a valid job contract, work permit, or license to work in the UAE.
The Ministry of Human Resources and Emiratisation in the UAE, on the other hand, has begun issuing work licenses to golden residence holders.
Those who were unemployed when they acquired their golden visa and want to start working for a specific employer, as well as those who want to start a new employment with a new employer, will need these.
A Perfect Investment Opportunity in Dubai
Casa Nostra is an award-winning and culturally diverse brokerage that brings together a team of multilingual and highly qualified real estate brokers. Casa Nostra utilizes extensive expertise in the local market and the internationalism of real estate. At Casa Nostra, we exercise a client centrode approach that helps us to deliver end-to-end property management and real estate solutions.
The company has massively expanded from its official inception in 2012 with a team of exceptionally talented real estate brokers and consultants. All the solutions rendered at Casa Nostra are formulated with a result-oriented perspective, while our competent brokers are always on the lookout for ideal property investment opportunities.
Buyers, Sellers, and Tenants can reach us anytime. Thank you for choosing Casa Nostra Real Estate!