PAZZAGE OCT 2021

Legally
Thousands of UAE residents have already received their
prestigious long-term residency visas. The introduction of
the long-term 10-year visa provides stability and allows
expatriates to live, work, conduct business and study in
the UAE without requiring a local sponsor.
What is a Golden Visa?
In 2019, the UAE introduced a new system for long-term
residence visas called Golden Visa’s. The new visa
classification enables foreigners to live, work and study in
the UAE without the need of a national sponsor and with
100 per cent ownership of their business on the UAE’s
mainland. These visas will be issued for 5 or 10 years and
will be renewed automatically.
What does the Golden Visa offer?
GOLDEN VISA IN UAE
Yours
Yours
The Golden Visa system essentially offers long-term
residency (5 and 10 years) to people belonging to the
following groups: investors, entrepreneurs, individuals
with outstanding talents the likes of researchers, medical
professionals and those within the scientific and
knowledge fields, and remarkable students.
The main benefit of the visa will be security as through
the issuance of the Golden Visa, the UAE government has
made it clear that they are committed to providing
expatriates, investors and essentially everyone looking to
make the UAE their home an extra reason to feel secure
about their future.
Who is eligible to apply?
10-year visa eligibility requirements for investors
• A deposit of at least AED (United Arab Emirates
Dirham) 10 million worth of public investment, either in
the form of an investment fund or a company
• 60% of the total investment must not be in the form of
real estate.
• The invested amount must not be loaned, or in the case
of assets, investors must assume full ownership.
• The investor must be able to retain the investment for a
minimum of three years.
• This 10-year long visa may be extended to include
business partners, providing that each partner
contributes AED 10 million. The long-term visa can also
include the holder’s spouse and children and one
executive director and one advisor. This visa may also be
renewed.
For individuals with specialised talents
The category includes doctors, researchers, scientists,
investors and artists. These individuals may be granted a
10-year visa following accreditations granted by their
respective departments and fields. The visa also extends
to their spouses and children.
How to Apply for a UAE Golden Visa?
Step1. Start by applying for a nomination. Your
application will be reviewed by an authorized
government official within 30 days before receiving an
email notification.
Step 2. Once your nomination is approved, you will be
emailed a link through which you will have to upload the
required documents for the visa.
Step 3. Your application will be verified by the Federal
Authority for Identity and Citizenship. Eventually you will
be issued the Golden visa.
parvathy@elbsuae.com