The AED 750,000 visa, also known as the Golden Visa, is a long-term residency visa in the United Arab Emirates (UAE) designed to attract investors, entrepreneurs, and talented individuals. This visa grants residency for up to ten years, offering stability and security for those looking to live and work in the UAE.
What is the AED 750,000 Visa?
The AED 750,000 visa is part of the UAE’s initiative to boost economic growth by attracting foreign investment and talent. It allows eligible individuals to reside in the UAE for an extended period without the need for a national sponsor, providing a pathway to long-term residency.
Who Qualifies for the AED 750,000 Visa?
To qualify for the AED 750,000 visa, applicants must meet specific criteria, primarily focused on investment and professional achievements. Here are the main categories:
- Investors: Must invest at least AED 750,000 in real estate or other approved investments.
- Entrepreneurs: Should own a project with a minimum capital of AED 500,000 or be approved by an accredited business incubator.
- Specialized Talents: Includes researchers, scientists, and professionals in high-demand sectors.
- Outstanding Students: High-achieving students with exceptional academic records.
Benefits of the AED 750,000 Visa
The AED 750,000 visa offers numerous benefits that make it an attractive option for eligible individuals:
- Long-term Residency: Provides a 5 to 10-year renewable residency permit.
- Family Sponsorship: Allows visa holders to sponsor family members, including spouses and children.
- No National Sponsor Required: Facilitates easier business and investment opportunities.
- Access to UAE Services: Includes healthcare, education, and other public services.
How to Apply for the AED 750,000 Visa?
Applying for the AED 750,000 visa involves several steps, which are crucial for ensuring a successful application:
- Determine Eligibility: Assess if you meet the criteria for any of the eligible categories.
- Prepare Documentation: Gather necessary documents such as investment proof, academic certificates, or professional endorsements.
- Submit Application: Apply through the UAE’s official immigration portals or authorized service centers.
- Await Approval: The processing time varies, but applicants are typically notified within a few weeks.
- Receive Residency Permit: Upon approval, applicants receive their residency permits and can enjoy the benefits of living in the UAE.
Practical Example of the AED 750,000 Visa
Consider a real estate investor who purchases a property worth AED 800,000 in Dubai. This investment qualifies them for the AED 750,000 visa, enabling them to obtain a 10-year residency permit. They can also sponsor their family members, allowing them to live together in the UAE.
Comparison of UAE Residency Options
| Feature | AED 750,000 Visa | Standard Work Visa | Tourist Visa |
|---|---|---|---|
| Residency Duration | 5-10 years | 2-3 years | 30-90 days |
| Family Sponsorship | Yes | Yes | No |
| Investment Requirement | AED 750,000+ | None | None |
| National Sponsor Needed | No | Yes | No |
Frequently Asked Questions (People Also Ask)
How Much Does the AED 750,000 Visa Cost?
The cost of the AED 750,000 visa varies depending on the application process, documentation, and any additional services required. Applicants should budget for government fees, legal assistance, and potential translation services.
Can I Work in the UAE with the AED 750,000 Visa?
Yes, visa holders can work in the UAE. The visa supports professional endeavors, making it easier to establish businesses or seek employment.
Is the AED 750,000 Visa Renewable?
Yes, the visa is renewable. Holders must ensure they continue to meet the eligibility criteria and comply with UAE residency laws to renew their visa.
What Happens if I Sell My Investment Property?
If you sell your investment property, you must reinvest in another qualifying asset to maintain your visa status. Failure to do so may affect your residency permit.
Can Students Apply for the AED 750,000 Visa?
Outstanding students who demonstrate exceptional academic performance may qualify for a long-term residency visa, although it may not specifically be the AED 750,000 visa.
Conclusion
The AED 750,000 visa offers a unique opportunity for investors, entrepreneurs, and talented individuals to establish a long-term presence in the UAE. With its numerous benefits, including family sponsorship and access to UAE services, it is an attractive option for those seeking stability and growth in this dynamic region. For further details, consider exploring the UAE’s official immigration resources or consulting with an immigration expert.
