The long-term residence visa allows residency for five(silver visa) or ten years(golden visa) instead of the standard two-year residence visa. In addition, the new system will enable foreigners to study, work and live in the UAE without requiring a national sponsor and 100% ownership of their business on the UAE's mainland.
Specialized talents and researchers
Eligibility for a Golden Visa (10-year)
The following categories are qualified to apply for a 10-year resident visa in the UAE.
1) Investors in public investments
The investment may take numerous forms, such as:
A deposit of not less than AED 10 million in an investment fund inside the country
Establishing an organization in the UAE with a capital of at the very least AED 10 million
Partnering in an existing or a new organization with a share value of at least AED10 million
Having a total investment of at the very least AED 10 million in all areas referenced, on condition that the investment in places other than real estate isn't less than 60 percent of the total investment
The following conditions must be met in order to get a visa:
First, the amount invested must not be loaned.
Second, the investment ought to be retained for at least three years.
Third, there ought to be financial solvency of up to AED 10 million.
Visa can incorporate business partners on the prerequisite that each partner contributes AED 10 million. The long-term visa can include the spouse and kids, just as one executive director and one advisor. Investors from abroad may apply for a multiple-entry grant for six months.
Main Requirements to apply for Investor Golden Visa:
Audit Reports for last 2 years
Last 6-month Bank Statements
Real Estate License, If Applicable.
2) Persons with specialized talents
This category includes specialized talents and researchers in science and knowledge, such as scientists, doctors, specialists, inventors, and creative people in culture and art. In addition, the visa benefits extend to the spouse and children. All these categories must have a valid employment contract in a specialized field of priority in the UAE.
Giving a visa is dependent on the following conditions:
Inventors must acquire a patent of value, which adds to the UAE's economy. Therefore, the Ministry of Economy should affirm patents.
Exceptional abilities should be documented by patents or scientific research published in a world-class journal.
Emirates Scientists Council or holders of the Mohammed Bin Rashid Medal for Scientific Excellence must approve the Scientists.
The Ministry of Culture and Knowledge Development must accredit the creative people in art and culture.
Executives should be the proprietors of a leading and internationally recognized company or have high academic achievement and position.
Doctors and specialists should meet at least two of the following conditions:
A Ph. D. degree from one of the best 500 universities in the world
A certificate or an award of appreciation in the field of the applicant’s work
Contribution to significant scientific research in the respective field of work
Scientific books or published articles in distinguished publications in the respective field of work
Membership in an association related to the field
A Ph. D. degree, in addition to 10-year professional involvement in his field
Specialization in spaces of priority to the UAE.
Latest Updates on Golden Visa ( 10-Year)
UAE Golden Visa for Global Coders
UAE Grants Golden Visas to 100000 Resident, Non-Resident Coders. Coders of all nationalities and age groups are qualified to apply for the UAE Golden Visa, including distinguished experts and talents who have achieved success in various coding areas.
UAE Golden Visa for High School Graduates
The UAE government has announced that outstanding high school graduates and their families would be granted Golden Visas for ten years. The applicant must have received a minimum grade of 95% in high school.
UAE Golden Visa for Doctors
The UAE has announced that doctors who hold a license from the UAE Health Department can apply for a 10-year golden visa. Between July 2021 and September 2022, all doctors licensed by the UAE health regulatory bodies can apply for the Golden Visa.
Humanitarian Aid Workers
Charity and humanitarian aid workers in the UAE are now eligible for the UAE Golden Visa.
Doctors: Between July 2021 and September 2022, all doctors licensed by the UAE health regulatory bodies can apply for the Golden Visa.
PhD degree holders: Professionals with a Ph.D. will be eligible for the Golden Visa under the law.
Inventors: Inventors can apply for a golden visa in the UAE, but they must first get a patent of value, which adds to the UAE's economy. The Ministry of Economy must approve patents.
Artists: : Creative people in culture and art are eligible to apply for a Golden Visa. The Ministry of Culture and Knowledge Development must accredit cultural and artistic individuals.
The Ministry of Culture and Knowledge Development must accredit cultural and artistic individuals.
Investors: The golden Visa is available to foreign investors who have invested Dh10 million or more.
Engineers: Engineers from different fields are also eligible for a 10-year visa. They are as follows.
Epidemiology and Virology
Highly qualified individuals: Highly skilled persons with a GPA of 3.8 or higher from accredited universities are eligible for a 10-year visa in the UAE.
Researchers/Scientists:This category contains scientists and researchers who are experts in their fields.
Outstanding students: This includes,
Students with a minimum grade of 95% in public and private secondary schools
The Golden Visa is available to executive directors who have a certified degree from the university, a minimum salary of AED 50,000, and a minimum of 5 years of work experience
UAE grants Golden Visas to 100000 Resident, Non-Resident Coders. Distinguished experts and talents who have achieved success in various coding areas; those who work for pioneering International Technological Companies; and graduates of