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Golden Visa United Arab Emirates 2021 Complete Guide

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The golden visa United Arab Emirates 2021 is the topic we are going to discuss now. The Golden visa program launched in 2019 May month. This is for people who want residency for the long term. This program was launched by the prime minister. They selected residents and investors for whom to provide this golden visa. The students who are topper with GPA of above 3.8 and their families can get this visa. The Ph.D. scholars and the doctors are eligible for availing of the Golden visa for ten (10) years. There are even other groups of fields who can avail of this Golden visa. Data scientists, big data analysts, artificial intelligence experts, and even scientists can get this Golden visa. This visa encourages people from a foreign place to come to UAE for studying, working, and living with no necessity for a sponsor. There are 2 kinds of golden visas given for 5 and 10 years. They can even have 100% business ownership in the mainland of UAE.

Eligibility for 5 year Golden visa:

There are few fields eligible for getting the Golden visa. The first is the investors with property in UAE, the top performer students, and the entrepreneurs. There are a few rules and conditions for availing of the Golden visa in each category. The first category is the investors with property in UAE. The property of the investor gross rate should be a minimum at least of 5 million dirhams. The real estate of the investor should not be on basis of loans from banks. There must be at least a retention of three years for the property. The next is the top-performing student category. The students must have a grade mark of about ninety-five % (95) either in public or private schools. The college students must have a grade point GPA of 3.8 and above after graduation. For these students, even their families can accompany them and stay in UAE. The next is the entrepreneur’s category for getting a Golden visa. They must have projects that have at least a capital amount of 5 million dirhams. They must also have the accredited business approval in UAE. These entrepreneurs have permission for a multiple-entry visa for about six months. Then this has the option for renewal again after 6 months. They can include close family like wife, kids, and (3) executives to accompany.

Eligibility for 10 years Golden visa:

There many categories eligible for getting the 10 year Golden visa. The public investors making investments of a minimum of 10 million dirhams are eligible. The investment of 10 million deposits must be within the country. The company established in the UAE with at least a capital amount of 10 million dirhams. The share value of the existing or new company should be at least 10 million dirhams. The main condition is that the investment in any sector except real estate should not be less than 60% of the whole investment. The next is the special talents category. Here the visa is for people who are talented in the field of education. A close family-like wife and kids can accompany them. The scientist with accreditation from the Emirates scientist council can avail of this. The people who have accreditation from the Ministry of culture and youth can avail this visa. The investors who have approved patents from the Ministry of Economy can avail of visas. The specialists and doctors who have Ph.D. from 500 top universities in the whole world can avail visa. They must also have certification in the field they work. They need to have membership in a particular field they work in. there are a few more rules and conditions for getting this visa. You can check the e-service for further more information.

Conclusion:

We discussed what is Golden visa of the United Arab Emirates. The people who can avail of the Golden visa were also discussed. The details about the eligibility criteria for the people are also explained in detail. There are e-services available for getting the Golden visa of UAE.

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Frequently Asked Questions

The Golden Visa United Arab Emirates was introduced to make the UAE the best environment for investments. They want to create a good place for new talents and business environments. There are even rewards given for people who are trying to contribute to the countries development. This is for encouraging and motivating people for continuing their good work. First, at the time of launch, it was under the permanent residence category. But later it’s changed under the long-term visa category. Now, this visa needs renewal after 5 or 10 years according to the visa. 

The person who applies for the Golden visa must have a patent. The patent must be a valuable asset for the economy of the UAE. The approval of the patent must be from the Ministry of the economy. 

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