The golden visa in the UAE is truly something great by the global standards of visas. This much-sought after long term residency status affords UAE golden visa benefits that they normally wouldn’t get with most simple visas, including unlimited residence for ten years with the option of renewing. You can also bring family members to the country and have access to free healthcare and education. In fact, the UAE golden visa provides visa holders with so many benefits that they are practically able to live the same lives as UAE residents do. If you need assistance with any aspect of the process, go to c-uae.com for the best in professional services Now let’s take a closer look.
What is the UAE Golden Visa?
The UAE government understands the value that talented individuals can bring to the country. Golden Visa is a opportunity that is granted to certain people to live in the UAE for ten years. It allows visa holders to benefit from a wide range of privileges, including global mobility, employment, and access to a wealth of superior-quality public services that are of the highest global standards.
Beyond this, UAE golden visa holders are able to bring family members and domestic workers into the country, as well. These people can also benefit from Emirati services, including healthcare, education, and more. And visa privileges aren’t limited to ten years as golden visa UAE holders are eligible to apply for the renewal process.
In the following sections, we will lay out the benefits of the UAE golden visa program, list eligibility requirements, discuss costs and associated fees that apply to different types of applicants, and provide other information that is relevant to the UAE golden visa program.
Top Benefits of the UAE Golden Visa
- Residency. UAE golden visas allow for long term residence visas. In other words, people who obtain the long term residency golden visa can live in the country for up to ten years, with the possibility of renewing. The golden visa UAE is a multiple-entry visa, so holders can come and go as many times as they wish. The golden visa UAE is a visa category different from traditional UAE residency visas which have more requirements associated with them.
- Visa-free travel. People who hold the golden visa UAE have many of the same privileges as UAE citizens when it comes to travel globally. Visa holders enjoy either visa-free or visa-on-arrival to most of the countries in the world, making the status one of the most beneficial anywhere for travel. The UAE government considers global mobility essential to allowing investors to take full advantage of their competencies. In this way, it is far more progressive than many other governments.
- Residency. Another interesting benefit of the golden visa UAE is the residency status requirement: visa holders are not actually required to live in the UAE. Many countries require residents to live in country for a certain number of days per year. But the flexible structure of the UAE golden visa means that investors and other interested people can come in when it suits their purposes and then leave.
- Sponsorship. Many countries require UAE golden visa holders to have a sponsor in the country. But holders of the golden visa do not have to have sponsors, which gives them additional freedom in their decision making.
- Real estate-related opportunities and related business opportunities. People who have the golden visa have access to potentially lucrative investment opportunities for real estate investors. If you already have property in the country – as long as it has a value of at least 2 million AED – you can apply for the golden visa through your investment. If you invest in real estate through your golden visa, you could eventually be eligible for premium residency.
- Family benefits. Golden visa holders are eligible to bring immediate family members to the country. The visa also allows for domestic workers inclusion, so they are also able to be a local sponsor for different types of domestic workers, including house cleaners, drivers, etc. Visa holders can enjoy tax free rental income, as well.
- Exemption from personal income tax. One aspect of the business opportunities that the primary visa holder will get is that they do not need to pay personal income tax on any money they earn in the country. The UAE also has double-taxation treaties with most of the world’s countries, so investors do not need to worry about the possibility of double-taxation.
- Corporate-free taxes. The UAE has specific areas designated as “Free Zones.” People operating businesses in these areas might not be subject to corporate taxes if they meet certain requirements. They might also be exempt from VAT for transactions that take place between zones.
- Employment opportunities. The golden visa offers much more flexible employment and business opportunities than most other visa regimes. Most countries require sponsorship from one particular employer in order to obtain employment, but the golden visa allows holders to find employment in different areas and change jobs as they wish. They can also work in other countries and also in the UAE. These are very rare benefits.
- Access to quality healthcare. Golden visa holders have access to the UAE healthcare system, which provides excellent healthcare services. Visa holders can obtain insurance packages from the National Health Insurance Company for themselves and their families.
- Education benefits. Holders of the golden visa benefit from access to first-class education at the for primary students, high school students, and university students. There are several international schools in the country, as well as top-notch universities and international university branches where dependents can become outstanding students and university students.
- Driver’s licenses. People who obtain golden visas are eligible for UAE driver’s licenses. And people who are citizens of certain countries can obtain a UAE driver’s licence automatically, without having to go through additional procedures.
- Benefits for startups. The UAE federal tax authority provides a lot of benefits to startups. The golden visa offers tax benefits to people running startups, including lower corporate taxes and other benefits. These tax benefits helps startups get off the ground during critical growth phases and not have to worry about excessive financial burdens.
- Benefits for digital nomads. People who have the golden visa can work in the UAE remotely from their employers in other countries. This is called the UAE Remote Work Visa.
- Benefits for dependents. Golden visa holders can have confidence that the dependents they bring into the country can remain there regardless of what the holders themselves do. This allows children to remain in school, retain health benefits, etc.
- Esaad Privilege Card. Golden visa holders also benefit from the Esaad Privilege Card. This allows for discounts across a wide range of sectors in virtually every area of life. With the Esaad Privilege Card, holders can take advantage of world class infrastructure, luxury shopping malls and other aspects of UAE’s strategic location, including business- and leisure-related benefits.
These are some of the exclusive benefits afforded to people who obtain the golden visa. If you are lucky enough to obtain one, you will surely find that benefits add up quickly.
Who Qualifies for the UAE Golden Visa?
There are several different categories of skilled professionals who are eligible for the golden visa. If it is clear that the applicant will contribute to the UAE economy and is in good standing, they should be a strong applicant. In general, people who work on economic projects of different types and indicate sufficient financial stability can apply. They may be subject to an audit by a UAE auditor, however. Categories of potentially eligible skilled professionals include:
- Investors. People who have invested capital completely of a specific amount into the country’s economy are eligible. Investment can take different forms, including public or private investments.
- Entrepreneurs. Entrepreneurs starting businesses who meet minimum investment requirements for an accredited business incubator are eligible to apply.
- People with outstanding specialised talent. People who have achieved particularly high honors in the arts, sports, or other particular fields are eligible to apply.
- Academics. Doctoral degree holders who have a high level of expertise in an academic or scientific area are eligible to apply.
- Executives and highly-skilled workers. People who have reached the managerial or higher level in particular areas are eligible to apply. Fields include healthcare, technology, and education.
- Skilled medical professionals. Medical professionals, including ones that illustrated particular skill during the pandemic, are eligible to apply. This includes different categories of medical professionals. There are frontline heroes who proved their particular talents during the Covid-19 pandemic and therefore are considered worthy of obtaining a special status. This goes through the frontline heroes office. Also, highly qualified medical personnel may also be eligible.
- Educators who have made significant contributions to the field. Educators in primary, secondary, or higher education with especially notable achievements are eligible to apply.
How to Apply for the UAE Golden Visa?
These are the categories of people that can be considered for the visa. Beyond this, there are other eligibility criteria that applicants must fulfill. These include:
- Minimum 18 years old.
- Having no criminal record and no history of problems related to tax evasion.
- An established income source and a valid work contract from the person’s home country.
- Good health and no communicable diseases, which must be certified.
- Medical insurance that is valid in the country.
- Meeting UAE’s regulatory standards.
- No UAE-related debts.
Once you complete the golden visa application, you will receive an approval letter indicating your visa status. You can then proceed to get your UAE golden visa.
Golden Visa Costs and Fees
To fully understand the UAE golden visa process, you should familiarize yourself with the cost structure. In looking to attract global talent, the UAE ministry responsible for visas has laid out different costs. The cost of getting a long term residency golden visa, as well as the fees associated with it, are complex and require explanation. The standard fee is AED 2657, which is the processing fee. In addition to this amount, you must pay AED 700 to complete the medical check, as well as 1153 for an Emirati ID.
Beyond these basic amounts, there are other costs that applicants for need to take into consideration, including a possible fee (if the applicant is applying for the golden visa Dubai) for the Dubai Land Department, a Family Residence Permit of AED 5668.50, a Parent’s Residence Permit of the same amount, a fee to open the file for family sponsorship of AED 318.75, and a fee of AED 100 for each additional person to be sponsored. But some of these fees are applicable only to people with the golden visa Dubai.
These are the basic fees. Beyond this, there are different sub-categories for foreign investors of different types, and each has minimum investor requirements. These include:
- Real estate investors (AED 2 million)
- Public sector (AED 5 million)
- International entrepreneurs (AED 500,000)
- Talented individual (AED 500,000)
- Academic/scientist (AED 500,000)
- Highly-qualified professional (AED 250,000)
- Outstanding students (AED100,000)
- Humanitarian (AED 100,000)
- Healthcare worker (AED 100,000)
- IT specialist (AED 100,000)
Conclusion
Getting a UAE golden visa for long term residency is a fairly straightforward process. It allows for exceptional benefits to those who receive it, and is one of the most generous and highly-sought after visas in the world. With it, golden visa holders not only have the ability to travel freely in and out of the country for ten years, but they can do so without particular work or residency obligations, and still enjoy a favourable tax environment and multiple entry privileges. Very few countries in the world will allow for such freedom of movement. Additionally, golden visa holders can bring members of their families into the country, and these dependents can also enjoy the numerous benefits of UAE living. They can bring in domestic workers, as well. And golden visa holders and their dependents can benefit from a whole host of privileges that the golden visa affords, including access to excellent healthcare, education, and other benefits.