What is the Emirates Golden Visa?

In 2019, the UAE implemented a new system for long-stay visas. This new system enables all people around the world to live, work and study in the UAE without the need to be accompanied by a national sponsor who is a citizen of the United Arab Emirates and with 100% ownership of their business.

This visa is issued for 5 or 10 years and is automatically renewed if the conditions are met. According to Circular No. 56 of the Ministry of Foreign Affairs of the United Arab Emirates in 2018, Golden Residence has been implemented to simplify investment in the UAE and attract professional talents. The most important target groups for using the UAE golden visa are:

Investors
entrepreneurs
Specialized talents and researchers in various fields of science and knowledge
Brilliant students with promising academic abilities
Investors in public sectors with a minimum capital of 10 million UAE dirhams

This investment may take various forms that we describe below. It is necessary to explain that the following items are the general conditions for obtaining a 10-year UAE visa:

A deposit of at least 10 million dirhams in the United Arab Emirates Investment Fund
Company registration in the United Arab Emirates with a capital of at least 10 million UAE dirhams
Business cooperation in an active or start-up company with a share capital of at least 10 million UAE dirhams
Investment in all the items mentioned above with a minimum value of 10 million dirhams, provided that the investments in the real estate sector in the United Arab Emirates include more than 60% of the applicant’s economic portfolio.
Specific conditions for obtaining a golden visa of the UAE through investment in the public sector

In addition to the general conditions that somehow indicate the scope of investment, there are some that specifically control the conditions for obtaining a golden visa of the UAE. In other words, the granting of a visa is subject to the following conditions:

The invested amount should not be borrowed.
The investment must be held for at least three years.
Ability to pay financial debt up to 10 million UAE dirhams.

One of the advantages of the UAE golden visa is the high powers of the investor in the UAE. This issue is seen in fewer countries that are the immigration destinations of investors. By obtaining this residence, a person can register his business partners in his subdivision.

A long-term visa can include a spouse and children, as well as an executive director and a consultant. Another benefit of this plan is to apply for a permit to leave the country several times in a six-month period.

Conditions for obtaining a 5-year golden visa of the United Arab Emirates

But after examining the conditions for obtaining the 10-year golden visa of the UAE, it is time to examine the next level, which is the 5-year golden visa of this country. The following groups can apply for this visa and UAE golden residency:

Investment in the property sector

Regarding investing in the housing sector and obtaining a golden residence in the UAE, you should be careful that this issue has its own peculiarities. It has been observed that some people have declared that buying a property is equal to obtaining this residence, which is not true at all. It should be noted that the granting of a golden UAE visa in this case is subject to the following conditions:

The investor must invest in real estate with a gross value of at least 2 million dirhams. (The gross value of the property must be at least 2 million dirhams.)
The amount invested in real estate should not be in the form of a loan.
Ownership must be maintained for at least three years.