The United Arab Emirates (UAE) is one of the fastest-growing countries in the world, known for its worldclass infrastructure, diverse and inclusive population, safe and secure environment, affordable shopping, and a wide range of activities and events. These attributes have made the UAE a prime destination for foreign professionals, entrepreneurs, and investors seeking new career opportunities, business ventures, or even residency.
In the aim to further enhance the UAE’s reputation as a global hub for tourism, expatriates, and business growth, the government introduced a transformative initiative in 2022. Under the Federal Decree-Law on Entry and Residence of Foreigners, the UAE launched the Golden Visa program, a game-changing step to attract and retain top talents and investments in the country.
What Is the UAE Golden Visa?
The UAE Golden Visa is a notable residency program offered by the Federal Authority for Identity, Citizenship, Customs, and Ports Security. This long-term visa allows eligible individuals to live, work, or study in the UAE while enjoying a range of exclusive benefits.
UAE Golden Visa Categories
Eligibility for the UAE Golden Visa is determined by the individual’s professional qualifications, expertise, or financial standing. The main categories are:
- Investors
- Real estate investors must invest in a property worth at least AED 2 million.
- Business/Capital Investors with investment in the UAE of at least AED 2 million
- Entrepreneurs
- Skilled Workers
- A monthly basic salary of at least AED 30,000
- Outstanding specialised talents such as:
- Doctors & Scientists
- Inventors
- Creative people of culture & art
- Executives
- Athletes
- Exceptional Students
- High-performing students in UAE high schools & universities
- Pioneers of humanitarian work
- Frontline Workers
Key Benefits of the UAE Golden Visa
While eligibility for the UAE Golden Visa varies based on specific categories, the program offers several major advantages for those who qualify:
- Long-Term Residency
The UAE Golden Visa grants the opportunity for extended residency, allowing holders to stay in the country for 10 years. This long-term stability is a significant advantage for individuals planning to build their future in the UAE.
- No Sponsorship Required
One of the most notable advantages of the UAE Golden Visa is the elimination of the need for a local sponsor. Unlike traditional residency visas, Golden Visa holders can live and work in the UAE without requiring sponsorship from an Emirati individual or a local employer. This autonomy is particularly beneficial for entrepreneurs and investors, granting them full control over their business operations without the necessity of a local partnership.
- No Residency Requirement to Maintain Visa
Golden Visa holders enjoy the flexibility to maintain their visa status without the usual requirement to reside continuously in the UAE. Unlike standard residency visas, which typically become invalid if the holder is outside the UAE for more than six consecutive months, the Golden Visa allows for uninterrupted validity regardless of time spent abroad.
- Work Privileges
Golden Visa holders can work in the UAE without the need for an employment visa from their employer. This flexibility allows the employers to obtain the work permit.
- Family Sponsorship
The UAE Golden Visa enables holders to sponsor their family members, including their spouses and children, regardless of their age. This means that your entire family can live in the UAE and benefit from the country’s world-class amenities, security, and lifestyle.
Opening Opportunities with the UAE Golden Visa
The UAE Golden Visa program is a gateway in establishing a future in a dynamic and thriving country. Whether you’re an entrepreneur planning to launch a business, an investor seeking lucrative opportunities, a skilled professional advancing your career, or a student aspiring to excel in a vibrant environment, the Golden Visa offers a streamlined, hassle-free residency process. It provides access to matchless opportunities, world-class amenities, and an exceptional lifestyle, making it the perfect choice for those seeking long-term success in the UAE.
How BAM Advisors Can Assist You in Obtaining Your Golden Visa
- BAM can assist to evaluate your profile and check your eligibility based on the information and documents you provide.
- BAM provides detailed guidance on the specific conditions and requirements for obtaining the Golden Visa, ensuring you fully understand the process.
- BAM can assist you through the entire application process in getting your golden visa issued, starting from preparing and submitting the necessary documents to liaising with the authorities.
- BAM aims to ensure a seamless and hassle-free experience in applying your golden visa.
