The UAE created a groundbreaking golden visa in 2019, allowing outstanding people to live and work in the country under their own sponsorship for a 10-year renewable visa.
In the years after that, the categories for qualifying for the UAE Golden Visa have been expanded allowing more people to set up permanent roots in the UAE. If you’re thinking about applying for the Golden Visa, we asked Jenna Jenkins, Managing Director of company formation experts Luxe Incorporations, for all the details.
What are the criteria for a UAE Golden Visa?
The golden visa system has been split into multiple groups. You should think about the category you’ll be applying to and get guidance from professionals to ensure it’s the right fit for you and the period of time. The following is a rough guide to the many standards:
Property Golden Visa
- The property must be worth more than Dhs2,000,000.
- Less than 50% of loans are still unpaid.
- Medical coverage in the UAE is in place.
- Identification documents.
C level (management) Golden Visa
- A monthly income of more than Dhs30,000
- Degree that has been fully Aatested and translated
- Six months’ worth of bank statements
- Testimony from present employer
- Certificate of Salary
- Identification documents
Special talents Golden Visa
- Degree fully certified and translated
- Proof of work
- CV
- Letter of reference
- Identification documents
What are the benefits of a UAE Golden Visa?
Long-term residency is obviously a big benefit for Golden Visa holders, but there are other tax perks, along with investment, education, and retirement prospects that other visa holders do not have. Of course, as a resident of the UAE, you are privy to the country’s world-class infrastructure and facilities, and you can also sponsor your family under the visa.
How does Luxe Incorporations help?
Luxe Incorporations gives full support from the beginning to the complete of the whole process. We can help you prepare your paperwork for attestation, advise you on the best Golden Visa for what you need, and assist you with the medical test and biometric processes. We finish the visa and deliver your Emirates ID card right away to your door once things is in order.
If you’re not eligible for Golden Visa, are there other options to consider?
Certainly. If you do not match the golden visa standards, there are several visa options available across the UAE. Consider a freelancing permission, business ownership, or the more standard work visa, in which you will be sponsored by your employer.
