Golden Visa

The Golden Visa in UAE was introduced in MAY 2019. The 10 year visa was first announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. The aim of this visa is to retain the brightest and most promising expats in Dubai. Dubai being strategically located on the world map, the progressive and supportive Govt., having unparalleled infrastructure, being one of the safest city in the world and business hub is no wonder to attract the enlighten minds from different corner of the world. The long term visa assures to retain them while making Dubai more enriched and stronger in economy, health, education etc. sectors. Experience Business setup companies and PRO services providers like OneClik business setup services LLC FZ who works in liaison with the authority can assist to apply and in the process of the Golden Visa.

 

Criteria to obtain Golden VISA:

There are different avenues to obtain a Golden Visa. Depending on the profession, talent, investment appetite different opportunities have been created to get a Golden Visa.

Investors in public investments  –

  • Deposit of AED 2 million or business license with capital of minimum of million.
  • Paying minimum AED 250000 annually to Federal Tax Authority.

Real Estate Investment –

  • Investment of minimum AED 2 million in one or multiple properties in Dubai

Outstanding Special Talents:

  • Doctors
  • Scientists
  • Creative people of culture and art
  • Inventors
  • Executives
  • Specialists in scientific fields
  • Athlete
  • Doctoral & Degree holders
  • Specialists in the fields of engineering and science

Outstanding University Students:

  •  The students must have a cumulative GPA not less than 3.5 from A class university or not less than 3.8 from B class university.
  • It has not been more than two years the student has been graduated.
  • For Outstanding students from a foreign university other than the above 2 points the university from where the students has been graduated should come under top 100 universities recognized by Ministry of Education and also the Graduation certificate should be accredited by the Ministry of Education.

Pioneers of Humanitarian Work:

  • Outstanding employees or members who have worked for international and regional organizations for a minimum of 5 years.
  • Outstanding employees or members who have worked for civil associations and institutions of public interest for a minimum of 5 years.
  • Individuals having letter of recognition on humanitarian work at local, regional or international center.
  • Funders in humanitarian work with minimum SED 2 million investment.

Frontline Heroes: 

  • Nurse, medical assistant, lab technicians, pharmacologist and others approved by the Frontline Heroes Office.

Benefits of Golden VISA:

Now we know that it’s a long term visa. But other than being a long term visa the Golden visa provides different benefits to visa holder.

  • Longer residency: Golden Visa provides a longer residency period of 10 years. This allows the entrepreneur to focus in their business without going through the hassle of renewing their visa once in every 2 year.
  • Multiple time entrance for a longer period: Golden Visa provides the facility for multiple entrances to the UAE for over a period of 10 years.
  • Extended time outside UAE: There is absolutely no need of staying once in every 6 months or 1 year inside Dubai to keep the Golden Visa active. A golden visa holder can stay outside UAE and can come back and start the renewal process just before the completion of the 10 years visa validity period.
  • No need of sponsor: Owning a property and getting a Golden Visa through it provides a sense of freedom to the Golden Visa holder as in this scenario the visa holder do not require any sponsor.
  • Inclusion of family members: The Golden Visa holder can sponsor his or her spouse, parents and children for Golden Visa regardless of their age. The validity of the Golden Visa for the dependents also will be 10 years.
  • Validity of dependent’s Golden Visa in extreme situation: If the main Golden Visa holder expires still the family members can utilize the validity of their Golden Visa till their visa expiry date which gives a sense of security to the Golden Visa holder and his family.
  • Sponsoring unlimited number of domestic helpers: A Golden Visa holder can sponsor unlimited number of domestic helpers like nanny, driver, cleaner etc.
  • ESAAD privilege card: Golden Visa holders enjoy ESAAD privilege card which provides significant discounts in UAE and other countries.
  • Exclusive healthcare packages: UAE Golden Visa holders are eligible for special healthcare and health insurance packages.

The Golden visa is the new buzz in the city which has attracted several expats to migrate and stay, work and live in Dubai. There are several myths about Golden Visa that it takes lots of time to get the visa and it can take longer time if the documents are not submitted properly. But a specialized firm like OneClik business setup services LLC FZ efficiently works on every stem to get the Golden Visa at the easiest way as it’s possible.

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