In 2019, a new system for long-term residence Golden Visa in UAE is launched. The new system enables foreigners to live, work and study in the UAE without the need of a national sponsor and with 100 per cent ownership of their business on the UAE’s mainland. These visas will be issued for 5 or 10 years and will be renewed automatically.
Cabinet Resolution No. 56 of 2018 Regarding the Organization of Residence Permits for Investors, Entrepreneurs and Professional Talent regulates granting golden visas to
Eligibility for a 10-year visa
The following categories are entitled to apply for a 10-year residence visa in the UAE.
The investment may take many forms such as:
Conditions
Granting a visa is subject to the following conditions:
Golden Visa in UAE can be extended to include business partners, on the condition that each partner contributes AED 10 million.
The long-term visa can include the spouse and children, as well as one executive director and one advisor.
Investors from abroad may apply for a multiple-entry permit for a six-month period.
This includes specialized talents and researchers in the fields of science and knowledge such as doctors, specialists, scientists, inventors, as well as creative individuals in the field of culture and art. The visa advantage extends to the spouse and children. All categories are required to have a valid employment contract in a specialized field of a priority in the UAE.
Conditions
Granting a visa is subject to the following conditions:
The following categories are entitled to apply for a 5-year residence visa in the UAE.
Conditions:
Granting a Golden visa in UAE is subject to the following conditions:
This category includes those having an existing project with a minimum capital of AED 500,000, or those who have the approval of an accredited business incubator in the country.
The entrepreneur is allowed a multi-entry visa for six months, renewable for another six months. The long-term visa includes the spouse and children, a partner and three executives.
This includes:
Long-term visa includes families of the outstanding students.
Want to be eligible for an Investor’s visa in the UAE? Call AZCO Real Estate for more information.
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