UAE Golden Visa: Eligibility, Benefits, and Requirements Explained

Last Updated on July 10, 2024 by Vadim

The UAE Golden Visa is a 10-year residence permit that offers a unique opportunity for individuals to live, work, and invest in the UAE. In this article, we will delve into the eligibility criteria, benefits, and requirements for obtaining the Golden Visa.

Who is eligible for the Golden Visa?

The UAE government has expanded the categories of individuals eligible for the Golden Residence permit. These categories include:

  1. Investors: Public investment, real estate investment
  2. Entrepreneurs: Owners of registered successful start-ups, those with approved ideas, and previous founders of successful start-ups
  3. Exceptional talents: Culture and art, investors and innovators, sports, digital technology, and other vital fields
  4. Scientists and professionals: Scientists, chief executive and senior officials, science professionals, engineering professionals, health professionals, education professionals, business and administration professionals, information technology professionals, legal, social and cultural professionals
  5. Outstanding students and graduates: Best performing students in secondary schools, best graduates from UAE universities, and graduates of top 100 universities worldwide
  6. Humanitarian pioneers: Distinguished members of international and regional organisations, outstanding members of associations of public benefits, recipients of recognition awards in humanitarian fields, and distinguished volunteers and sponsors of humanitarian efforts
  7. Frontline heroes: Frontline workers with extraordinary efforts during the COVID-19 pandemic

Benefits of the new Golden Visa

The Golden Visa offers several benefits, including:

  • No restrictions on stay outside the UAE: Golden Residency holders can stay outside the UAE for any amount of time without affecting their visa validity
  • Unlimited family sponsorship: Golden Residency holders can sponsor their family members, including spouse, children, and support staff, without any limits
  • 10-year renewable visa: The Golden Visa is renewable for an additional 10 years
  • No sponsor or employer required: Individuals can apply for the Golden Visa without the need for a sponsor or employer
  • E-visa: A 6-month e-visa is provided to proceed with residence issuance

Documents required to apply for the Golden Visa

To apply for the Golden Visa, you will need to provide the following documents:

  • Copy of your passport, visa, and Emirates ID
  • Passport-sized photograph
  • Tenancy contract
  • IBAN number
  • Medical Insurance card
  • Medical Fitness Certificate
  • Supporting documents for the category under which you are applying (e.g., labour card, labour contract, recommendation letter from relevant government department/s, educational qualification, etc.)

Criteria for the Golden Visa

Here are the specific requirements for each category:

  • Golden Residence for Scientists: Recommended by the Emirates Scientists Council, Ph.D. or master’s degree in engineering, technology, life sciences, and natural sciences from top universities, and substantial research achievements
  • Golden Residence for Professionals: Valid employment contract in the UAE, classified in the first or second occupational level, minimum educational level of a bachelor’s degree or equivalent, and a minimum monthly salary of Dh30,000
  • Golden Residence for Exceptional Talents: Awarded based on talent only, regardless of educational qualification, employment status, monthly salary, or professional level, with recommendation or approval from a federal or local government entity
  • Golden Residence for Real Estate Investors: Purchasing a property worth at least Dh2 million, or purchasing a property with a loan from specific local banks, or buying one or more off-plan properties of no less than Dh2 million from approved local real estate companies
  • Golden Residence for Entrepreneurs: Owning or being a partner in a start-up registered in the UAE, generating annual revenues of not less than Dh1 million, or obtaining approval for a start-up idea from an official business incubator or from the Ministry of Economy or the competent local authorities
  • Golden Residence for Outstanding Students and Graduates: Academic performance, year of graduation, and university classification or standing

Key Takeaway

The UAE Golden Visa offers a unique opportunity for individuals to live, work, and invest in the UAE. With its expanded categories and benefits, it is an attractive option for those who wish to make the UAE their home. By understanding the eligibility criteria, benefits, and requirements, individuals can make informed decisions about applying for the Golden Visa.

Further Reading

Navigating the visa process in the UAE can be complex, but having the right information at your fingertips can make a world of difference.

  1. Applying for a Newborn’s UAE Residence Visa (2024)
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