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The United Arab Emirates (UAE) started a Golden Visa program in 2019, which has become the most sought-after within years. It was one of the most open and liberal residency programs in the country. The scheme of the Golden Visa has met with a roaring success as there is an increasing demand from investors, entrepreneurs, and talented people. This blog presents a step-by-step procedure for applying for a UAE Golden Visa, considering this year’s latest eligibility criteria.
Step-by-Step Process to Apply for the UAE Golden Visa
A UAE Golden Visa is part of that country’s golden residency scheme, including issuing a 10-year residency permit to foreigners. It means that one can live, work, and study in the nation without necessarily having a local set-up sponsor from any person. It can be from athletes, scientists, entrepreneurs, or people with extraordinary abilities to handle the crisis.
The UAE Golden Visa has desirable benefits for improving the life and career prospects of the holders. It’s an ideal visa for somebody considering staying permanently in the UAE because it has long-term stability and a renewal option; the visa is ten years. They possess this visa and can sponsor other family members, promoting unity. The Esaad Privilege Card includes the visa to offer significant discounts on services and a wide range of products at outlets across the UAE and in 92 other countries, enhancing everyday life and spending.
Step-by-Step Process to Apply for the UAE Golden Visa
Step 1: Preliminary Assessment and Eligibility Check
This first step combines a confidential preliminary assessment with a thorough review of eligibility criteria. The process starts with a detailed evaluation by an anti-money laundering officer from the compliance department chosen by the investor. It is necessary since it works toward establishing the possible issues that impact the visa success chance.
Some of the criteria for getting the UAE Golden Visa are as follows:
- UAE Property Real Estate Investors: The owner of UAE properties of a value not less than AED 2 million may comprise off-plan or mortgaged properties.
- Entrepreneurs: Operate a business that demonstrates a technical or futuristic nature with a minimum investment of AED 500,000.
- Public Investments’ Investors: The required minimum to invest in any UAE Investment Fund is AED 2,000,000, and any capital owned that is no less than AED 2,000,000 to own the company.
- Specialized Talents: These are extraordinary achievements in art, culture, sports, science, health, humanitarian efforts, and technology.
Step 2: Gather Necessary Documentation - Compile all necessary documentation, which typically includes:
- Passport: Valid for travel abroad.
- Birth Certificate: For applicants and dependents.
- Marriage Certificate: If applying with a spouse.
- Certificate of Non-Marriage: For unmarried children over 18.
- No Criminal Record Certificate: From the country of the applicant’s nationality.
- UAE Good Conduct Certificate: Specifically for the Dubai Land Department.
- Health Insurance: Valid in the UAE.
- Medical Fitness Certificate: From a licensed health center in the UAE.
- Recent Photo: It must be in passport size.
- Current UAE Visa: If living in the UAE.
Step 3: Six-Month Visa Issuance
A six-month visa to enter the nation is possible for the applicant. After receiving it, a person can enter the country, select the property that has to be subjected to medical tests, and process a Golden Visa.
Step 4: Property Purchase
Real estate specialists help identify and purchase appropriate real estate opportunities. Assistance in this regard includes supporting the negotiation process and registration of property acquisition in the UAE.
Step 5: Medical Examination
Applicants above 18 years shall have to pass a medical examination in one of the UAE clinics. The list of required tests includes specific examinations for infectious diseases and fluorography to obtain a health certificate.
Step 6: Golden Visa Acquisition
Finally, applicants apply for the Golden Visa and their family members’ biometric data to the UAE’s General Directorate of Residence and Foreigners Affairs. Afterward, the approval process takes about a week, and then the Golden Visa is granted.