importance of golden residence uae

Vijaya

04-Jul-2024

INTRODUCTION

The eligibility to get golden residence in UAE is a very important question that many people are looking for. The golden residence is a special type of residency permit that is given to foreigners who have made significant contributions to the country. The golden residence is one of the most prestigious types of residency permits that you can get in the UAE.

There are many people who want to get a golden residence because it symbolizes prestige and success. It also gives the holder access to many privileges and benefits that are not available to other residents of the UAE.

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Eligibility For A UAE Golden Visa

The Golden Visa system for UAE offers those who meet the qualifications to receive an immigrant visa which requires the endorsement of a federal or higher government agency. Applicants do not need any qualification by way of their education, employment status, or professional level. The following are the people who can avail this facility:

Public investments, advisors and executive directors can apply for a Golden Visa without a financial sponsor.
Wealthy individuals in the UAE with assets that are valued at Dh 2 million or more can qualify for a five-year Golden Visa. All properties must be paid for, and any loans on them must not exceed Dh 2 million. Any investor whose properties are on loan may apply under the same conditions. A long-term residence visa, can be renewable and given to certain categories of people such as investors or individuals with exceptional talents.
Resident entrepreneurs of the U.A.E. who have created a business that generated $1 million in annual profit are allowed to apply for a golden visa if they or their partner own/partner in a startup from an official business incubator or if they sell or transfer the project for 7 million in total.
And for students, if they are acquiring higher grades in the top universities then they can also get a golden visa. It includes academic performance/cumulative average, year of graduation, and university classification.
The UAE offers a Golden Visa for scientists, engineers, and other high-achievers that show exceptional work in their field. It provides visitors with master's degrees or PhD to immigrate here based on certain qualifications.
Professionals in medicine, engineering and other respective sections, can avail of this golden visa opportunity only if they hold a valid visa and their salary should be more than AED 30000.
Working in the UAE, you can apply for the Golden Visa program, which recognizes the contributions and hard work of doctors and nurses who are licensed by the regulatory body of your country. The Golden Visa is open to all doctors with a valid license issued by the UAE's health regulatory agency.
Nurses and medical staff in the United Arab Emirates can now apply directly to receive a designated Golden Visa. Seven centres have been established across the Emirates where doctors and nurses can apply for working visas in person starting on October 3rd, 2018.

BENEFITS OF A GOLDEN VISA

As per the name, the UAE golden visa surely has a lot of benefits for the people. Let us take a quick look at some of the benefits.

Abu Dhabi has joined the ranks of countries offering discounts to investors in the face of increased numbers. Residents are now entitled to welcome packages, car discounts, property giveaways, health care services and more as a result.
The Abu Dhabi Residents Office has partnered with various Properties to offer residents golden visas access to property discounts and reduced interest rates for mortgages. Other banks will also provide attractive rates on savings.
To welcome their soon-to-be-theirs, the UAE has introduced new levels of benefits for those with a gold visa. Immigrants from certain countries with Golden Visas will now have discounts on annual health insurance plans for families or individuals. Immigrants can also get discounts across industries with diverse network coverage and be entitled to total benefits. They will get special offers for restaurants, spas and resorts from hotels. They will also get offers on gyms and stays.
Unlike many other countries, the UAE allows nationals to drive with a license from one of 32 approved countries. Students in Dubai will now be granted 10 years of residency. Expatriates with one or every degree and their families will also be given discounts at international universities on the condition that they continue to study in Dubai.
A recent change in the UAE law allows Golden Visa holders to stay outside the country for up to two years.
Golden visa holders can now sponsor an unlimited number of family members as long as the sponsor is still alive. Other than that, Golden Visa holders are now granted other privileges such as domestic help and guarantee a place for their family members to remain in the golden visa holder passes away.

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PROCEDURE TO APPLY FOR GOLDEN VISA

On the UAE Website, the Government has made some changes to expand the golden Visa program. This is with the purpose of attracting more applicants and diversifying the labour pool for both business and personal needs. They also want to attract fresh faces so that they can explore their career in detail, locally.

The UAE recently put into place new rules that limit the number of people who are allowed to join in on investment opportunities.

To obtain the UAE Golden Visa, you have to do the following: make sure your documents are ready and submit them. Even if you qualify for it, you still have to meet its requirements.

Here are the steps to apply:

Go to the official website
It takes nearly 30 days to process the application
You will be getting all the related information regarding everything inmail
Then if it gets approved, then you have to upload relevant documents
Then if everything goes well, your golden visa gets approved.

Once you have submitted all of the required documentation, the embassy or consulate will likely request additional documentation from you. This may include letters of recommendation, proof of financial stability, and more. Once all of the required documentation has been submitted, the embassy or consulate will review your application and decide whether or not you are eligible for a Golden Residence

Dubai Visits Visa

If you are planning to visit Dubai, the best way to get a visa is to apply online at Dubai Visits Visa. This website offers a variety of visas for people visiting Dubai. You can choose which type of visa is best for you and fill out the required forms on their website to submit your application. They will provide useful information about the visa process so you can effectively prepare for it.

CONCLUSION

Getting a golden residence visa in Dubai requires a lot of procedures and You can also get one if you pass all the above-mentioned qualifications. I hope this article has given you some insights into what makes Golden Residence so special, as well as outlining some key ways to take advantage of its unique offering.

Apply Dubai Visit Visa