Dubai’s New Golden Visa: Who Qualifies and How to Apply. Dubai’s new Golden Visa program offers long-term residency to a diverse range of skilled professionals, investors, and entrepreneurs, aiming to attract global talent and boost economic growth. The updated visa allows qualified individuals to live, work, and study in the UAE without the need for a national sponsor, with residency terms extending up to 10 years.
Moreover, Navigating the New UAE Visa Landscape: Your Guide to 2023 Reforms. In a bold move to solidify its position as the ultimate hub for work, investment, entrepreneurship, education, and living, the UAE has embarked on a transformative journey, reimagining its entry and residence system.
However, Here’s how to apply for Dubai’s newest Golden Visa and what you need to know about the requirements:
Eligibility Criteria
Dubai’s Golden Visa is available to various categories of applicants, including investors, entrepreneurs, scientists, outstanding students, and skilled professionals across sectors like healthcare, engineering, and information technology. The key eligibility categories include:
- Investors: Applicants must have significant financial investments in the UAE, such as owning properties worth at least AED 2 million ($545,000) or holding investments in commercial ventures.
- Entrepreneurs: Startup founders and business owners with innovative ideas are encouraged to apply. Applicants should demonstrate a record of success and innovation.
- Highly Skilled Professionals: Experts in healthcare, engineering, IT, and other high-demand fields must meet specific qualification requirements and have at least AED 30,000 ($8,167) monthly income.
- Outstanding Students: High-achieving students from recognized universities are eligible for a Golden Visa. Allowing them to reside in the UAE and pursue career opportunities.
Application Process
Moreover, applicants must submit their applications through the UAE government’s smart services portal or at an accredited government service center. The process typically involves providing documentation such as proof of qualifications. Business or investment details, or proof of high academic achievement. Applicants will also need to undergo background checks and health screenings.
Benefits of the Golden Visa
Golden Visa holders are granted extended residency rights. Offering stability to those who contribute to the UAE’s economic and social development. However the visa also includes the right to sponsor family members, including spouses and children, for the duration of the visa holder’s residency. Furthermore, the visa is renewable, making it an attractive option for those looking to settle long-term in Dubai.
Moreover with the introduction of this enhanced Golden Visa program. Dubai continues to position itself as a global hub for innovation, entrepreneurship, and skilled talent. Making it an ideal destination for ambitious individuals seeking long-term opportunities.
