Understanding Legal Requirements and Laws of the Golden Visa in UAE

The Golden visa UAE was implemented in 2019 by the government so that expatriates can reside in the country for a long time. Currently, the visa has a broader list of eligibility making the Emirates a global business and investment hub. In addition, to apply you will need to meet the requirements and no longer require a sponsor to obtain it.

In this article, you will have a broad overview of this document and the golden visa benefits. Likewise, you will learn which are the most important eligible categories and many more details of interest to you.

What is the Golden Visa UAE?

With the Golden visa UAE, you will be able to live in the United Arab Emirates for an extended period. Similarly, in the Emirates, you will find different visa programs so you can select the one that best suits you. However, an important feature of the golden visa is that you can live in the country for 5 to 10 years.

It also works very well if you do not want to renew your visa frequently but still want to live in the UAE.

Who can apply for the Golden Visa?

Currently, the golden visa requirements expanded its eligibility list. Similarly, among the most recent changes you will find the new incorporations specific to the Abu Dhabi emirate of high-ranking academics and scientists. Also, the list includes specialists in industry and the field of health, and education, among others.

Below, we will show you the requirements for the different eligibility categories:

Investors

Within the category of eligible for the Golden visa UAE, we have the following types of investors:

Real estate investors

The conditions that you must meet if you are an investor and want to apply for the golden visa will be the following:

• ·      Make the purchase of a property for a cost of not less than AED 2 million
• ·      Acquire a property by requesting a loan from certain local banks.
• ·      Make purchases of one or more properties off plan or completed, not less than AED 2 million from a list of specific approved real estate companies.

Additionally, the real estate authorities issue the registration documents, which are the main ones that you must present that is one of the golden visa requirements. Equally, now the visa is 90 days so you will have 6 months to modify your status, acquire another visa, or simply leave the UAE.

Alternatively, if you already have properties, you can apply for a golden visa for 5 years without the need for a sponsor. However, you must meet the following conditions:

• ·      You will need to present the letter from the land department specifying that you have one or more properties worth AED2 million.
• ·      Acquire a property with money from local bank loans approved by the corresponding entity.

Public investors

For public investors, within the legal requirements of golden visa is an investment in an Emirati investment fund. In this case, the visa will be valid for 10 years without the need for a sponsor. In the same way, it must also have the following conditions:

• ·      Present the letter from any mutual fund accredited and affirming a deposit of your investment of AED 2 million.
• ·      Present the current commercial industry license along with the memorandum of association showing that you invested at least AED 2 million.
• ·      Likewise, you must present the letter issued by the Federal Tax Authority indicating that you made a payment of at least AED 250,000 per year. Similarly, the capital you invested must not be that obtained from a loan.
• ·      Provide an endorsement of investor and family health insurance coverage if necessary.

Entrepreneurs

You now can apply for the golden life as long as your business is registered in the UAE. Additionally, your business will have to be within the category of medium and small businesses with revenue of AED 1 million or more annually. Likewise, you can obtain this Golden visa UAE if you meet the following conditions:

• ·      If you are the founder or part of those in a business project in previous years that has sold for a minimum of AED 7 million.
• ·      If you obtain approval from the Ministry of Economy or the competent entities concerning projects.

Additionally, if you have a technical or future economic project focused on innovation, you can get a Golden visa. Moreover, you will have to present the approval letter from the following authorities:

• ·      The Emirati auditor certifies that the project is less than AED 500,000.
• ·      UAE authorities to verify that your project is technical.
• ·      The business incubator that is accredited in the country to start the proposed activity.

Exceptional talents

This category includes people in the areas of culture, art, digital technology, innovation, sports, medicine, and rights, among others. Likewise, these talents eligible to receive the Golden visa UAE, include the following:

• ·      Creative people of culture and art. You must present the approval letter from the Department of Culture and Arts of the selected emirate.
• ·      Inventors and Athletes. They will have to present a letter from the General Sports Authority or one of the sports councils recommending them.
• ·      Ph.D. holders

Also, you can acquire a 10-year visa depending on the talent you have. That is, it will not depend on any educational qualification, monthly salary, employment, or professional situation. However, you will have to get approval from the federal government or local government.

Scientists

Currently, scientists and researchers will be candidates to receive the Golden Visa if they meet the following conditions:

·      If you have a master's degree or doctorate in engineering, life sciences, technology, or natural sciences, acquired from a high-level global university.

·      Recommendations for the use of the golden visa from the UAE Council of Scientists or the letter from the Mohammed bin Rashid Medal Secretaries. In this letter, there will be evidence that you have the Medal of Scientific Excellence.

Professionals

All professionals from different disciplines and fields will now be able to opt for the golden visa. Within this group of professionals are those from education, engineering and science, technology, and law, among others.

Likewise, whatever your profession, you will have to comply with the following to receive the visa:

• ·      Possess a valid employment contract in the United Arab Emirates.
• ·      Employment must be within occupational level 1 or 2 as defined by MOHRE
• ·      Have a minimum monthly salary of no less than AED 30,000
• ·      In addition, you will also have to have a bachelor's degree.

Additionally, if you are a professional qualified at the 1st or 2nd level, you may receive a grace period of 6 months according to the MOHRE.

Outstanding students and graduates

If you are a student or graduate with an exceptional academic degree, you will be able to receive the 10-year Golden visa UAE. In this case, the condition is that you have presented high scores either in high school or university in the UAE. If you are a high school student with a grade of 95% in a public or private institution, you may receive the visa without a sponsor.

In this case, you only have to present the letter issued by the Ministry of Education recommending it. On the other hand, if you are a university student, you can receive the golden visa without the need for a sponsor and for 10 years as long as:

• ·      Your university is classified as class A or B by the Ministry of Education.
• ·      If you provide a graduation certificate, university recommendation, or a certified academic record. In it, you must indicate that the accumulated GPA is greater than 3.5 for type A universities and 3.8 for type B universities.
• ·      If you have not graduated more than 2 years.

In the case you are an outstanding expatriate university student, you will be given the visa as long as you comply with the following:

• ·      If the university where I study is among the 100 best globally based on the qualification system that is recognized by the Emirati Ministry of Education.
• ·      In the event that your cumulative GPA is not less than 3.5.
• ·      If your graduation was more than 2 years ago.
• ·      Present a valid graduation certificate to the UAE Ministry of Education.

Likewise, if you complete your studies you will have a 6-month visa extension.

Humanitarian pioneers

If you are a humanitarian pioneer, you can obtain the Golden visa UAE for 10 years as long as you belong to the following category:

• ·      When you are an employee and prominent member of international organizations for a minimum of 5 years.
• ·      If you are a worker or prominent member of civil associations or public institutions for a minimum period of 5 years.
• ·      When presenting a recognition in community work from an international, regional, or local organization.
• ·      If you have funded humanitarian efforts worth more than AED 2 million in the UAE.

Frontline heroes

This category is for those who made outstanding efforts during times of crisis in the country such as COVID-19. If you belong to this category of people, you can obtain a golden visa by presenting a recommendation issued by a legal authority. Within this category are doctors, nurses, laboratory technicians, pharmacologists, and others approved by the Frontline Heroes Office.

Golden Visa UAE Latest News and Laws

Now if your graduation was from an accredited university in another country, you will be able to obtain the Golden visa UAE for 10 years without a sponsor. However, you must comply with the following:

• ·      You have a valid 6-month passport and do not need to be in the UAE.
• ·      The university where I am studying must belong to the list of the 10 best worldwide.
• ·      Its cumulative average cannot be less than 3.5 degrees.

You must have been a graduate for at least 2 years and have your degree approved by the UAE Ministry of Education.

When you have the legal requirements of golden visa, you can apply to 4 channels all day, 7 days a week. You can also receive your solution by email within 48 hours. Likewise, one of the channels is the ICP, where you can present all the regulatory documents.

You can also go to the typist offices approved by the ICP organization. On the other hand, applications may be rejected after 30 days if any data or document is missing. Furthermore, if it is rejected 3 times, it will be completely denied. In this case, the fee and financial guarantees, if any, will be refunded within a period equal to 6 months from the submission of the application.

Furthermore, regarding the documents and fees to be paid, the ICP stipulates that you must present a copy of your passport and a color photo of yourself. Furthermore, the agency notifies through this that the visa issuance fee is AED 350 including AED 100 for the application. Likewise, they require AED 100 for issuance and the same amount for smart services.

Additionally, you will have to pay AED 50 towards the ICP and the required electronic services.

Golden Visa One-touch

One way how to apply for golden visa UAE is the Golden Visa One Touch which offers a service aimed at simplifying the steps for visa application and renewal. With this system, you save time and effort in the processes required for the visa application. This service will include the following:

• ·      Visa applications
• ·      Issuance of other visas
• ·      Status regularization
• ·      Issuance of residence and identity documents
• ·      Renewal of all this in one step

How to avail Golden visa UAE according to UAE law?

You will be able to take advantage of the golden visa benefits; of which we highlight the following:

• ·      The entry visa is for 6 months and will have multiple entries and will be followed by the issuance of the residential permit.
• ·      It is long-term, valid for 10 years, and may be renewed.
• ·      The sponsor is yourself
• ·      You can stay outside the UAE at any time without having your visa canceled.
• ·      Also, you can sponsor your family members regardless of their age.
• ·      You will be able to request the residence of your parents for 10 years without having to pay additional costs.
• ·      You will be in the position to sponsor an unlimited number of domestic workers.
• ·      Family members may remain until the end of the permit if the holder of the golden visa dies.

How to check Golden Visa status in UAE?

There are many ways through which you can check the status of the Golden visa UAE. Nevertheless, one of the most used on the GDRFA website by following the steps given below:

1.    Enter the GDRFA platform.

2.    Golden Visa Status Selections.

3.    Now click on Start Services.

4.    Enter the information requested (have all your documents handy).

5.    Fill out the form and submit it.

6.    Then, select SEE VISA STATUS.

7.    If there is any problem or if you want more details, go to the Contact Us section and you will receive the help you need.

Conclusion

The Golden visa UAE has many advantages that you can make the most of. It is also the visa with the longest duration that will allow you to live and work in the Emirates. Additionally, the range of eligible categories was recently expanded, which will make applying easier. However, you can contact us if you require any additional information or if you have any questions about the content of this article.