A 10-year residency visa is available under the UAE Golden Residency Program to foreign nationals who fulfill certain requirements, such as investors, business owners, and those with exceptional skill. The initiative seeks to draw top businessmen, sportsmen, doctors, experts, affluent foreigners, brilliant researchers, exceptional students, and innovators to the United Arab Emirates.
Eligibility Criteria:
– Investors:
- Invest AED 2 million in an investment fund or a business with a minimum capital of AED 2 million.
- Pay a minimum annual fee of AED 250,000 to the government.
- Own the invested capital completely (not a loan).
- Provide proof of medical insurance for themselves and their family.
– Real Estate Investors:
- Own a property or properties worth at least AED 2 million.
- Purchase a property with a loan from specific local banks approved by the competent local entity.
– Entrepreneurs:
- Own an economic project of a technical or future nature based on risk and innovation.
- Obtain approval from a local auditor and the authorities in the emirate.
- Be approved by an accredited business incubator in the UAE.
– Outstanding Talents:
- Hold a PhD degree or be a specialist in a specific field.
- Meet specific requirements for each category, such as:
- Doctors: Approval letter from the Ministry of Health and Prevention.
- Scientists: Letter of recommendation from the Emirates Council of Scientists or the Mohammed bin Rashid Medal for Scientific Excellence.
Benefits:
- 10-year residency visa without a sponsor.
- No requirement for a local guarantor.
- Allows family members to reside in the UAE.
- Flexible eligibility criteria for various categories.
Application Process:
- Initially, applicants are granted a 180-day visa from the date of arrival in the UAE.
- During this period, applicants must complete the necessary procedures to obtain a Golden Residency for 10 years.
In order to increase economic growth and development, the UAE Golden Residency Program focuses to draw in top talent and investment.
