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What is the UAE Golden Visa?

If you want to stay in the UAE for an extended period of time, this visa is all you need.

The UAE created this permanent residence program in 2019 with the purpose of encouraging foreign investment and integrating the country's most diversified fields of activity together in order to position itself as a worldwide leader.

Foreigners can live, work, and study in the UAE without the requirement for a national sponsor and with full ownership of their firm. This visa is valid for 10 years and can be renewed every decade as long as the requirements and limitations are met.


What exactly is the UAE Golden Visa?


The UAE Golden Visa is designed to provide ex-pats, investors, and anybody else looking to make the UAE their home an extra reason to be confident in their future.


The UAE Golden Visa grants beneficiaries not just privileged status but also additional privileges. A Golden Visa, when it comes to business visas for entrepreneurs or professionals, may surely remove many barriers to success.


Benefits and offerings that are included


The UAE Golden Visa Program encourages investment in the Emirate and grants Golden Visa holders special commercial benefits such as:


Foreign residents in Dubai who have a golden visa and a valid driver's license from their home country can now get the UAE driver's exam without taking any additional lessons. A ten-year residency permit that is renewable. There is no need for an employer or a sponsor. The visa holder's stay outside the UAE is not limited; in other words, if the holder stays outside the UAE for more than six months, the visa is not cancelled. The spouses and children of visa holders are eligible for the residence visa, which has no age restrictions.


Dubai Golden Visa for Long-Term Residence


Foreign individuals with a Dubai Golden Visa can stay in the UAE for an extended amount of time to live, work, do business, and study. This visa is often issued based on their competencies, entrepreneurial skills, and investing expertise.


The criteria vary by category, but they all rely on persons adhering to the Golden Visa's norms and restrictions.


The conditions for qualifying for the golden visa are separated into numerous classes, including as scientists, doctors, entrepreneurs, investors...


The Golden Visa program effectively offers the aforementioned types of persons long-term residence (5 to 10 years). The golden visa is especially crucial for Masdar City, which serves as the region's hub for sustainable innovation and technological research and development.


Startups and businesses can apply for the Golden Visa.


As previously said, the criteria differ based on the aim; nonetheless, the restrictions are more severe for start-up entrepreneurs/investors. They can receive a 10-year residence visa in the UAE by investing in a start-up. However, there are two conditions:


-The company must be registered in the UAE as a small and medium-sized enterprise (SME) with a minimum annual sales of AED 1 million (approx. Rs 2.1 crore).

-The official business incubator, the Ministry of Economy, or the appropriate local authorities must all accept the start-up proposal.


The Application Procedure


Only individuals who fall into one of the aforementioned categories and satisfy the requirements may apply for a UAE resident visa. If you replied yes, you must visit the website of the Federal Authority for Identity and Citizenship.


Individuals interested in applying for a Golden Visa can contact IBG Consulting Group for a smooth process. The process is straightforward with us; candidates must complete the necessary papers and be prepared to migrate to the UAE to pursue their business pursuits.


You can also apply online at the website of the General Directorate of Residency and Foreigners Affairs. Websites and application forms can also be accessed via mobile applications.


Conclusion


The main benefit of the golden visa is likely security; by providing it, the UAE government has made it obvious that they want visa-holders to have a property in the UAE. The added benefits make it a one-of-a-kind alternative for enjoying a stress-free life in the UAE.


Please contact us if you have any questions about the Golden visa registration or other services that will help you plan a successful life in the UAE while complying to all legal requirements.






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