If you intend to have a long-term residence in UAE, this visa is all you need.
The UAE launched this permanent residency program in 2019 with the goal of attracting foreign investment and bringing the most diverse areas of activity in the country to establish itself as a global leader.
The program allows foreigners to live, work, and study in the UAE without the need for a national sponsor and with 100 percent ownership of their business. This visa is valid for ten years and can be renewed every decade as long as candidates match the set requirements and restrictions.
What is UAE Golden Visa?
The UAE Golden Visa is intended to give ex-pats, investors, and anybody else wishing to make the UAE their home an additional reason to feel safe about their future.
The Golden Visa in the UAE provides recipients with not only privileged status but also other benefits. When it comes to business visas for entrepreneurs or professionals, a Golden Visa can undoubtedly remove many roadblocks to success.
Benefits and Offerings that come along
The UAE Golden Visa Program stimulates investment in the Emirate and provides exclusive commercial privileges to Golden Visa holders like:
- Foreign residents in Dubai with a golden visa and a valid driver’s license from their home country can now take the UAE driver’s exam without having to take any additional classes.
- A ten-year renewable resident permit.
- No employer or sponsor is necessary.
- The visa holder’s stay outside the UAE is not limited; in other words, the visa is not revoked if the holder stays outside the UAE for longer than six months.
- Spouses and children of visa holders are eligible for the residence visa, which has no age limit.
Long Term Residence in UAE with Dubai Golden Visa
Foreign citizens who possess a Dubai Golden Visa can live, work, conduct business, and study in the UAE for a long period of time. They are usually granted this visa based on their abilities, entrepreneurial skills, and investment knowledge.
The requirements differ by category, but they all depend on the individuals’ compliance with the Golden Visa’s rules and conditions.
There are several groups in which criteria for qualifying for the golden visa are divided, such as
- Doctors.
- Entrepreneurs
- Professionals
- Scientists
- Students who excel
The Golden Visa scheme essentially grants people in the above-mentioned classes long-term residency (5 to 10 years). The golden visa is especially important for Masdar City, which is the region’s center for sustainability-focused innovation and technology research and development.
Golden Visa for Startups and entrepreneurs
As previously said, the standards vary depending on the objective, however, for start-up entrepreneurs/investors, the rules are more stringent. They can obtain a 10-year resident visa in the UAE by investing in a start-up. However, there are two conditions to it:
- The company must be registered in the UAE as a small and medium firm (SME) with a minimum annual sales of AED 1 million (approx. Rs 2.1 crore).
- The official business incubator, the Ministry of Economy, or the competent municipal authorities must approve the start-up idea.
The Procedure to Apply
Only those who fall into one of the above-mentioned categories and meet the conditions are eligible to apply for the UAE residence Visa If you answered yes, you must go to the Federal Authority for Identity and Citizenship’s website.
Individuals who are interested in applying for a Golden Visa can contact IBG Consulting Group for a hassle-free experience. With us, the process is simple; candidates must submit the needed paperwork and be willing to relocate to the UAE in order to pursue their business endeavors.
You can also submit your application through the General Directorate of Residency and Foreigners Affairs website. Mobile apps can also be used to access websites and application forms.
How Can IBG Assist?
IBG Consulting is a renowned company development and set-up agency in the United Arab Emirates. Our professionals offer a one-of-a-kind blend of serviceability, preparing you to apply for a Golden Visa. IBG is a tеаm of rеgisted specialists who are dedicated and market-oriented on making golden visa dreams come true. You may rely on our experts to guide you through the eligibility procedure and assist you in submitting your application without delay.
Conclusion
The biggest advantage of the golden visa is presumably security; by issuing it, the UAE government has made it clear that they want to provide visa-holders a home in UAE. The additional perks that come with it are a one-of-a-kind option for living a stress-free life in the UAE.
If you have any concerns regarding the Golden visa registration or other services that will assist you in planning a successful life in the UAE while adhering to all legal requirements, please contact us.
