What is the 10-Year Visa in UAE?
The 10-year visa in the UAE, also known as the Golden Visa, is a long-term residency option introduced to attract investors, entrepreneurs, specialized talents, and researchers to the country. It provides a decade-long residency without the need for a local sponsor, offering a stable and secure environment for individuals and their families.
What is the UAE Golden Visa?
The UAE Golden Visa is a government initiative designed to promote economic growth by attracting skilled professionals and investors. It allows holders to live, work, and study in the UAE with exclusive benefits.
Who is Eligible for the Golden Visa?
Eligibility for the Golden Visa is broad, targeting several categories:
- Investors: Individuals who invest in public investments or real estate.
- Entrepreneurs: Owners of successful projects or those with innovative business ideas.
- Specialized Talents: Scientists, doctors, and researchers with exceptional skills.
- Outstanding Students: High-performing students in UAE schools and universities.
Benefits of the 10-Year Visa
The Golden Visa offers numerous advantages, including:
- Long-term Residency: A decade-long stay without frequent renewals.
- Family Inclusion: Includes spouse and children.
- Business Ownership: Full ownership of businesses without needing a local sponsor.
- Stability: Secure residency amid the UAE’s thriving economy.
How to Apply for the UAE Golden Visa?
Applying for the Golden Visa involves several steps:
- Determine Eligibility: Check if you meet the criteria for your category.
- Gather Documentation: Collect necessary documents such as passport, proof of investment or employment, and academic qualifications.
- Submit Application: Apply through the Federal Authority for Identity and Citizenship (ICA) or the Dubai General Directorate of Residency and Foreigners Affairs (GDRFA).
- Await Approval: The process can take several weeks, during which your application is reviewed.
- Receive Visa: Once approved, you receive your Golden Visa, granting you long-term residency.
What are the Costs Involved?
The cost of obtaining a Golden Visa varies depending on the category and specific circumstances. Generally, fees include application processing, medical tests, and Emirates ID issuance. It’s advisable to consult with a legal expert or the relevant authorities for precise costs.
People Also Ask
What is the difference between the Golden Visa and other UAE visas?
The primary difference is the duration and benefits. While standard residency visas typically last 2-3 years, the Golden Visa offers a 10-year term with additional privileges like business ownership and family inclusion without a local sponsor.
Can Golden Visa holders sponsor family members?
Yes, Golden Visa holders can sponsor their spouse and children, allowing the entire family to reside in the UAE for the visa’s duration.
Is there a minimum investment required for the Golden Visa?
For investors, a minimum investment of AED 10 million in public investments or real estate is required. Entrepreneurs and specialized talents have different criteria based on achievements and contributions.
How can students qualify for the UAE Golden Visa?
Outstanding students with exceptional academic performance, particularly those who have graduated with honors from UAE schools and universities, are eligible for the Golden Visa.
Can Golden Visa holders work in the UAE?
Yes, holders can live, work, and study in the UAE. They have the flexibility to pursue employment opportunities without the need for a work sponsor.
Conclusion
The UAE Golden Visa is a strategic move to attract global talent and investment, offering a stable and prosperous environment for professionals and their families. By understanding the eligibility criteria, benefits, and application process, you can determine if this long-term residency option aligns with your goals. For further details, consider consulting with immigration experts or the UAE’s official portals to ensure a smooth application process.
