UAE Expands Golden Visa: 3 Exciting New Categories

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.      

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 

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 of these benefits are: 

• 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 the Golden Visa 

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

For Skilled Professionals 

The 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 Licence. 

For Scientists and Researchers 

The eligibility criteria for a researcher and scientist to hold up a Golden Visa 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

Significance of the Expansion

The UAE Golden Visa 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. 

Summarize it

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.