UAE Golden Visa: Eligibility, Benefits, and Costs (2023)

The United Arab Emirates (UAE) continues to shine as a global financial hub, enticing investors and migrants with its modern infrastructure and lucrative opportunities. In a strategic move, the UAE has introduced the Golden Visa, a long-term residence permit offering exclusive benefits to a diverse range of eligible individuals.

Golden Visa UAE Benefits

The Golden Visa caters to investors, entrepreneurs, scientists, outstanding students, graduates, humanitarian pioneers, and frontline heroes. Here’s a glimpse of the exclusive benefits awaiting Golden Visa holders:

1. Flexible Entry: A six-month entry visa with multiple entries facilitates a smooth transition to residence issuance.
   
2. Long-Term Residency: Investors enjoy a renewable residence visa valid for 5 or 10 years, eliminating the hassle of frequent renewals.
   
3. No Sponsorship Required: The privilege of not needing a sponsor provides a streamlined process for visa acquisition.
   
4. Extended Stay Options: Golden Visa holders can stay outside the UAE for more than the usual six months without jeopardizing their residence status.
   
5. Family Sponsorship: The ability to sponsor spouses, children of all ages, and an unlimited number of domestic helpers fosters family unity.
   
6. Extended Family Support: In the unfortunate event of the primary Golden Visa holder passing away, family members can stay in the UAE until the end of their permit duration.

Golden Visa Requirements: Tailored for Diverse Individuals

The requirements for the Golden Visa vary based on the type of residence sought, whether it’s for investors, talents, entrepreneurs, and more.

1. Investors in Public Investments:
   • AED two million deposit in an accredited UAE investment fund.
   • Valid commercial or industrial license with a minimum capital of AED two million.
   • Confirmation of annual government payments of at least AED 250,000 by the investor.
     
2. Property Owners:
   • Ownership of properties valued at no less than AED two million.
   • Purchase of a property with a loan from specific local banks approved by the competent local entity.
     
3. Entrepreneurs:
   • Ownership of an economic project with a technical or futuristic nature based on risk and innovation.
   • Approval letters from an auditor, local authorities, and an accredited business incubator in the UAE.
     
4. Specialized Talents:
   • Various professionals in medicine, science, culture, arts, innovation, and athletics.
   • A Golden Visa for 10 years after meeting specific requirements.

UAE’s Golden Visa not only simplifies the residency process but also opens doors for diverse talents and investments, reinforcing the nation’s position as a global beacon for success and innovation.