Golden Visa UAE: New Benefits, Requirements, And Eligibility

The expanded Golden Visa now includes a wide range of professionals, including investors, entrepreneurs, specialized talents, researchers and outstanding students. This aims to attract individuals who all can contribute to UAE’s economy and innovation. The Golden Visa typically offers a residency period of 5 or 10 years depending on its category and it is renewable. Moreover, the program here encourages investment in various sectors, including technology, and health care which can also boost up UAE’s economy. The expansion of the Golden Visa also aims to position the UAE as a global hub for talent and innovation, making it an attractive destination for skilled professionals and their families.      

Who can obtain a Golden Visa UAE? 

Multiple people can apply for a Golden Visa in UAE. These are the general groups of people who can apply for this visa though certain requirements may vary by emirate. people who invest in public assets. investors in real estate. company owners. inventors. artistic and culturally creative individuals, CEOs, and sportsmen. But, specialists in science and engineering. Students who excel. leaders in the field of humanitarianism.

Golden Visas have recently been made available by Dubai to outstanding students, content producers and gamers. At the same time Ras Al Khaimah declared that exceptional teachers would be eligible to receive the highly desired permit. Abu Dhabi declared that superyacht owners would also be eligible for the visa. 

How much does it cost to get a Golden Visa UAE? 

To apply for a Golden Visa in Dubai as a professional, you must meet the UAE Golden Visa salary requirement of at least Dh30,000. According to certain immigration experts, a minimum monthly salary of Dh30,000 is required for qualified professionals based in the United Arab Emirates.

How to Apply for Golden Visa UAE

You must first confirm that you meet the requirements in order to apply for Golden Visa UAE. If you apply for a Golden Visa you will need to submit various documents. A letter from the relevant Emirates Real Estate Registration Department certifies that he owns one or more properties worth at least Dh2 million and that they are not loan-secure. 

Evidence of a residence in the nation such as a lease or home ownership. Contacting the General Directorate of Identity and Foreigners Affairs in Dubai or the Federal Authority for Identity Citizenship Customs and Port Security (ICP) in the United Arab Emirates will make the Golden Visa application process simple. You can complete this process via the ICP website or the centers designated by the authority. 

Each of these steps will be resolved quickly once you connect with Consultants like BrightVision consultancy who have been working in the industry for 30 years.

The 3 Categories Now Eligible 

The UAE has recently expanded its Golden Visa program to include three specific categories. It aims to attract a diverse range of talents and investment to the country. 

Gaming Professional 

The first category gaming professional targets individuals who contribute to the rapidly growing gaming industry. By offering long-term residency to talented game developers, designers and other gaming experts. The UAE seeks itself as a hub of gaming innovation. This Initiative not only encourages the development of local talent but also attracts international professionals who can enhance the gaming landscape in the region. 

Educators 

The UAE recognizes the vital role that quality education plays in shaping the future generation. By granting Golden Visas to skilled teachers and educational leaders. The Country aims to enhance the educational systems and prompt a culture of learning. This initiative is expected to attract experienced educators from around the world, enriching the educational landscape and providing students with high-quality instruction. 

Luxury Yacht Owners 

Individuals who own Yachts or to be precise who own Luxury Yachts can now qualify for Golden Visa, reflecting the UAE’s status as a premier destination for luxury tourism and maritime activities. This move encourages affluent individuals to invest in the UAE’s maritime sector, contributing to the local economy and promoting tourism. 

Benefits of Golden Visa UAE

The UAE Golden Visa is valid for 10 straight years. It has various benefits and positives to deliver which can result in individual benefits and more. Some UAE Golden Visa benefits include:

• An entry visa allows for multiple entries to request residence issuance
• Renewable visa that is valid for either 5 or 10 years
• Can remain outside the UAE for over six months while the residence visa is active
• Can sponsor family members without age restrictions
• Family members are permitted to stay in the country until the expiration of the permit if the primary applicant passes away

Requirements for Golden Visa UAE

Getting a Golden Visa UAE is not too hard for anyone. Moreover, for each profession, the requirement also keeps on changing.  

For Skilled Professionals 

The Golden Visa UAE eligibility criteria for a skilled professional to get their hands on a Golden Visa are: 

• Have Employment in the UAE
• Holds a Bachelor’s Degree 
• Monthly Salary has to be AED 30,000
• For Teachers, Pharmacists and Physicians one needs to have a Practicing License. 

For Scientists and Researchers 

The Golden Visa UAE eligibility criteria for a Researcher and Scientist to hold up a Golden Via are:

• Have a PhD degree in Engineering, Technology, Life sciences and Natural sciences
• PhD Holder from 500 universities
• Master’s degree from the top 250 universities.
• PhD specialized from the top 100 universities  

For Other Professionals 

Moreover, one needs to have a recommendation letter from the Ministry of Culture & Youth alongside:

• Senior Scholars and Clerics
• For Elite Specialists in Industry and the 4th Industrial Revolution
• Elite Specialists in Health Fields
• Elite Specialists in Education

How Much Does a UAE Golden Visa Cost?

Here are the requirements as of the time this article was published though they could change in terms of investment and income. 

• Income: People working in media IT healthcare and other fields must make at least Dh30000 a month in order to apply for the visa. 
• Investment: The applicant must put down at least Dh2 million in real estate in order to qualify for the 10-year visa. A minimum amount of money is not required up front. In order to be eligible for the visa, an applicant can consult with an experienced consultant like BrightVision who can solve each query for Golden Visa Cost UAE.

Reasons Of UAE Golden Visa Rejection

Applications for Golden Visas in the UAE may be denied for a variety of reasons, we have enclosed these reasons in the below section:

• Ineligible job title: Even though they hold senior positions many people continue to be on the wrong visa designations. 
• Lack of a valid degree: When an applicant first applies for an employment visa they may be denied if they do not have a legally recognized degree. Applying for a Golden Visa requires that the designation be changed to reflect the actual senior managerial position. 
• Titles of jobs: Titles that do not correspond to the necessary level of seniority (e. g. 3. Executive-level positions or specialized occupations (such as engineers or doctors) are frequently cited as reasons for rejection. 

Significance of the Expansion

The Golden Visa UAE Expansion is a long-term residency program that allows foreign nationals to live, work and study in the UAE without any local sponsor. Recently, the UAE has expanded the Golden Visa program to attract more talent and investment in the country. Eventually, the expansion showcases the country’s commitment to fostering a diverse and dynamic community while driving economic growth. 

Conclusion

In Conclusion, the Expansion of the Golden Visa program to include gaming professionals, educators and yacht owners highlights the UAE’s commitments to diversifying its economy and attracting top talent. The initiative not only enhances the country’s global appeal but also supports its long-term vision for innovation and Growth. The business setup in UAE will eventually bring more positive results for the Economic and innovative growth of the nation. 

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