What is the UAE Golden Visa?

The UAE Golden Visa is a long-term residence visa that allows foreign nationals to live, work, study, and travel in the United Arab Emirates (UAE) for an extended period. Valid for up to ten years, this visa provides significant flexibility and security for expatriates looking to establish themselves in the UAE. It was first introduced in 2019 as part of the UAE’s strategy to attract international talent and investment, positioning the country as a global financial hub.

Benefits of the UAE Golden Visa

1. Ten Years of Validity: The Golden Visa offers a long-term residency option with a validity period of up to ten years. This extended duration allows holders to plan their lives and careers without the frequent need for visa renewals.
2. Work Authorization: Holders of the Golden Visa are granted legal authorization to work in the UAE. This opens up numerous business opportunities across various sectors within the country.
3. No Employer Sponsor Required: Unlike traditional work visas that necessitate sponsorship from an employer, the Golden Visa allows individuals to apply independently. This means that applicants do not need a job offer or a sponsoring company to obtain their visa.
4. Tax Benefits: One of the most appealing aspects of living in the UAE is its tax regime. The country does not impose personal income tax, which can lead to significant savings for residents.
5. Residency for Family Members: The Golden Visa also extends residency benefits to spouses and children of the visa holder, regardless of their age. This family-friendly aspect makes it an attractive option for those looking to relocate with their loved ones.
6. Sponsorship for Domestic Helpers: Visa holders can sponsor an unlimited number of domestic helpers such as nannies, drivers, and other household staff, enhancing their quality of life while living in the UAE.
7. Esaad Privilege Card: Since 2022, all Golden Visa holders receive an Esaad privilege card, which offers discounts at over 7,000 businesses across the UAE and in 92 countries worldwide.
8. Access to Healthcare: Residents benefit from access to high-quality healthcare services available in the UAE. With the Esaad card, they can also receive discounts at certain healthcare providers.
9. Easy Travel: The Golden Visa functions as a multiple-entry visa, allowing holders to travel freely in and out of the UAE without needing additional visas each time they return.
10. Opportunity for Renewal: After five or ten years (depending on initial issuance), holders can apply for renewal of their Golden Visa, ensuring continued residency options in the UAE.

Who Qualifies for the UAE Golden Visa?

1. A diverse range of professionals can qualify for this visa category:
2. Entrepreneurs: Individuals who have established or invested in projects worth AED 500,000 or more.
3. Specialized Talent: This includes doctors, scientists, artists, inventors, athletes, and doctoral degree holders.
4. Humanitarian Workers: Recognized members or funders associated with humanitarian organizations.
5. Frontline Heroes: Healthcare professionals such as nurses and medical technicians who have made significant contributions during crises.
6. Investors: Those investing in real estate (minimum AED 2 million) or public investments.
7. Outstanding Students: High-achieving students from recognized educational institutions can also apply.
8. The eligibility criteria have evolved recently to be more inclusive by reducing financial self-sufficiency requirements and expanding categories eligible for application.

For more enquiries on a UAE golden, book a consultation with a consultant with e-lhr