The United Arab Emirates (UAE) is planning to roll out 50 new projects that would stimulate industrial growth and increase the nation’s competitiveness. Some of these projects involve technological efforts that aim to draw locals and highly qualified people from abroad. The Government is concentrating on developing new visa categories to address this. The “Golden” visa scheme is one example of this group.
Are you wondering about the UAE’s Golden Visa? Read along!
What Is the UAE Golden Visa?
You can live there for five to ten years if you obtain a UAE golden visa. It is not necessary to renew this residency every two to three years, and it is not linked to any specific employers. Result.
With the use of UAE golden visas, foreigners can live, work, and study in the UAE without the requirement for a local sponsor and with full ownership of any businesses they open on the country’s land.
Who Can Apply For a Golden Visa?
More individuals could now apply for a golden residency visa thanks to recent changes to the UAE Residence and Entry Scheme.
Those who fit the following descriptions are eligible to apply: financiers, business owners, remarkable talents, scientists, professionals, exceptional students and recent graduates, pioneers in humanitarianism, and frontline heroes.
How Do I Apply?
Do you fall into one of the above categories? Congratulations! You could soon be in possession of a UAE golden visa.
Are you still not sure how you fit into one of these categories? Use the eligibility tool provided by the UAE government to determine your ability to apply.
After that, go to the same website’s golden services area to request a nomination.
What Are the Features Of the UAE Golden Visa?
Below are some of the features and benefits of the UAE Golden Visa –
- Foreign people with Golden Visas are permitted to reside, study, work, and do business in the UAE area.
- Applicants can acquire 100% ownership of their company with a UAE golden visa.
- In addition to having a six-month entrance visa, it permits repeated entries and the issue of resident permits.
- Additionally, it enables residents to sponsor their relatives, such as wives and kids of any age.