The United Arab Emirates, UAE, has decided to issue special 10-year golden visas to professionals who studied at UAE-accredited universities and scored a GPA of 3.8 or above. These professionals range from Ph. D.s and physicians to engineers. The main idea behind this visa issuance is to retain skilled persons within the country.
This announcement was made back in 2019, introducing a golden visa as a long-term residency program by the Prime Minister and Ruler of Dubai, Sheikh Muhammed bin Rashed. After its launch, this visa has been granted to over 400 investors, businessmen, and their families. KSP feels delighted to offer golden visa services to its clients, making their lives much easier.
At KSP, we offer experienced advisors who will guide you through the entire application procedure and help you attain your visa as soon as possible. The best part? Our golden visa services are safe and secure, and we also provide online support.
Key Reasons for UAE Golden Visa Announcement
As mentioned earlier, the main reason behind the golden visa implementation was to concentrate skilled people within the country, making the UAE a leading site for commercial investment and promoting regional economic growth. This also encourages and honors the long-term residents who contribute to the nation’s advancement.
Benefits of Golden Visa
Following are the key benefits that the residents get to enjoy with the golden visa:
- No more requirements for employer or sponsor
- Long-term (10-year) residency in UAE
- 10-year validity for the Medical and Emirates ID
- Renewable residence
- Your stay outside the UAE won’t nullify or affect the golden visa in any way.
- No restrictions on the maximum number of support service laborers
- Valuable investment and ease of travel
- Can acquire Dubai’s driving license without classes
- Wives can sponsor their husbands
- Entry visa remains valid for six months with a permit for multiple entries to proceed with residence issuance
- 100% ownership of businesses in UAE’s mainland
- Sponsor on director and advisor under your visa
- In case of the golden residency holder’s death, family members can stay in UAE until their residence permit ends.
- Enables sponsoring your dependents and parents
- Live, study, and work in the UAE
- Get exclusive discounts on cars, loans, and banking services
Who is Eligible for UAE’s Golden Visa?
According to the new Golden Visa policy, foreigners can now enjoy a better living experience in the UAE. They are allowed to work and study without the need for national sponsors. The best part is that they can own 100% of their business on the UAE’s mainland. This visa is normally issued for five or ten years with auto-renewal.
You can extend Golden Visa to include business partners with the provision that each partner must pay AED 10 million. Other eligibles for long-term visas include the children and spouse, one advisor, and one executive director.
Coming to the basic eligibility criteria, golden visas are granted in compliance with Cabinet Resolution No. 56 of 2018 on the Organization of Residence Permits for Professional Talent, Entrepreneurs, and Investors. Under this, frontline heroes, humanitarian pioneers, scientists & professionals, outstanding students & graduates, exceptional talents, entrepreneurs, and investors can obtain a Golden Visa.
If you fall into any of the above-mentioned categories, get in touch with the KSP team now! We are delighted to offer you our comprehensive golden visa services in UAE. You can enjoy a smooth application process with us, avoiding fraud or complexities. Besides this, you can also rely on our tailored accounting and bookkeeping services for your business.
FAQs
Here are some of the Frequently Asked Questions you might think of when planning to obtain a UAE Golden Visa.