Who Can Apply UAE Golden Visa
UAE Golden Visa: Who other than businessmen and investors can apply
Here are the eligibility criteria as well as the steps on how to apply.
Question: I have been reading about a lot of people getting the UAE Golden Visa despite not having properties or investments here. Which categories other than investors or businessmen can get the long-term residency? How do they go about it? Can those under the sponsorship of their companies get it? What is the process?
Answer: Pursuant to your queries, it should be noted that the UAE Cabinet Resolution No. 56 of 2018 allows a foreign national to obtain a long-term residency visa (Golden Visa) in the UAE.
An individual is eligible to apply for a 10-year visa without a sponsor if his investments in the UAE are at least Dh10 million. The said investments should be free of any loans and should be retained for at least three years.
Under this category, the investor – while applying for the residency visa – may also include his spouse and dependents as well as one executive director and one advisor of his/her business entity.
Further, any individual who owns properties worth Dh5 million or more in the UAE is eligible to apply for a five-year visa. Under these categories, the properties should be retained for at least three years and there should be no loan on them.
Entrepreneurs in the UAE whose investments in existing projects in the UAE are valued at a minimum capital of Dh5 million are also eligible to apply for a five-year visa. Such entrepreneurs may include their spouses, dependents, one business partner, and three executives.
Individuals who do not fall under the investors or businessmen eligibility criteria may apply if they possess specialized professional talents. Individuals who are researchers in the fields of science and knowledge such as doctors, specialists, scientists, inventors as well as creative individuals in the field of culture and art may apply as well.
Under this category, the specialized talented individuals may be granted a 10-year visa.