UAE Golden Visa

Who Can Apply for the UAE Golden Visa? An In-Depth Analysis

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Many of you must be aspiring to travel overseas either to grab new opportunities or to study or start a business there. Of all locations overseas, Dubai is one of the most sought-after places for obvious reasons. Recently, the government of Dubai has come up with several schemes for investors and entrepreneurs. Besides, the education system in Dubai is a modern one. However, to go to Dubai and stay there for some time, you need the UAE golden visa.

The UAE golden visa may sound a bit overwhelming. But this is the primary document that can let you stay in any Dubai residence for a long time. Therefore, it is crucial to get the UAE golden visa in hand. Previously, the UAE government used to provide this visa only to people who have contributed outstandingly to the country. Interestingly, now, the government doesn’t restrict providing visas to any particular section of people. Now, it is open to all.

Even you can fly to Dubai, provided you have the UAE golden visa. To help you with detailed information on the UAE golden visa of Dubai, we have come up with a blog.

What is the UAE golden visa?

The UAE golden visa is not like any other normal visa. It is a ticket for foreigners that allows them to come to Dubai for investment and business purposes. Only the Indian citizens can avail of this visa.

Using the UAE golden visa, you can stay in any residence in Dubai. Here, the residence need not be that of your employer. Besides, through this visa, you can live there, study, and work and never worry about any national sponsorship.

How UAE golden visa benefit Indians?

You might be wondering if it is a good decision to get the UAE golden visa and travel to Dubai for work. The privileges you can enjoy via this visa are highlighted below:

  • Through this visa, the non-citizens can reside in Dubai without the need for any sponsorship. You have to renew the visa every 5 to 10 years.
  • The Indian nationals do not need any sponsors or employers of the UAE. You can stay in Dubai single-handedly.
  • With the golden visa, you can stay, study, and work in Dubai.
  • According to the rules of the UAE golden visa, you can stay outside Dubai for 6 months. During this period, you don’t have to let go of the UAE golden visa.
  • Even children can come along with you on this golden visa. There is no age limitation prescribed by the UAE government.
  • The visa allows spouses and family members to come along with you and reside in Dubai.
  • If you have a UAE golden visa, you can bring a domestic worker along with you to Dubai. Here, the government sponsors the work permit or the visa of your domestic help.
  • If you are an applicant for the UAE golden visa, you can enjoy special deals and discounts on certain commodities and services like hotels, health insurance, cars, medical facilities, real estate, and many more.
  • If you are planning to start a real estate business in Abu Dhabi, the banks of Abu Dhabi, Abu Dhabi First Bank, and the Commercial Bank can help you with less mortgage at a fixed rate of interest, provided you have the UAE golden visa.

Eligibility for the UAE Golden Visa

Before you apply for a golden visa for long-term residency in Dubai, it is important to figure out if you are eligible for the visa. The eligibility criteria for the UAE golden visa differs from person to person. Largely, it depends on your work field or the kind of investment you are making if you are a business professional. Again, some people may have to renew their UAE golden visa at an interval of every 5 years.

The UAE Cabinet Resolution has put forward a few eligibility criteria that you should abide by to get the UAE golden visa.

  • Investors

If you are investing in a startup business or an existing one in Dubai, these are the eligibility criteria:

  • Your investment capital should not be less than AED two million.
  • You have to pay a tax of AED two million every year.
  • Here, the executive directors, senior employees, and investors get the facility of the visa for 10 years.
  • Entrepreneurs

As an entrepreneur, the Dubai government has set these eligibility criteria:

  • You have to register your business with the UAE government, irrespective of its size.
  • Your business idea must be approved by the Ministry of Economy or the official business incubator.
  • Your company must generate at least a million AED every year.
  • The government can approve your visa if you have sold your previous company or any entrepreneurial journey for at least AED 7 million.
  • Entrepreneurs must renew their UAE golden visa at an interval of 5 years.
  • Specialized talents

If you want to go to Dubai for any creative agenda or as a doctor, scientist, art enthusiast, athlete, academician, executive director, or a specialist in science or engineering, following these rules will get you the visa:

  • You have to get approval or recommendation from the federal authority or the Ministry of Culture and Youth in Dubai.
  • Provide documents proving your educational qualification, monthly salary, employment status, and professional standard.

What documents do you need?

The documents you need to submit for processing the UAE golden visa include the following:

  • UAE entry permit
  • A letter from the Federal Tax Authority
  • A recommendation in written format from the Ministry of Economy (applicable only for investors)
  • A letter of approval showcasing the feasibility of the project or employment
  • Letter of recommendation from the higher authority

Conclusion

Therefore, now you can apply for a golden visa for long-term residency in Dubai. Do not let opportunities pass by. Grab the UAE golden visa and make a life there. For a hassle-free procedure, you can connect with any reputed visa company. They have professionals to help you in each and every step.

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