Exploring UAE's 10-Year Visa Without Employment
The UAE Golden Visa, a symbol of prestige and opportunity since 2019, has been a magnet for investors, professionals, and dreamers from around the world. In a striking development, Dubai has now made this 10-year residency more accessible, especially for property buyers, by removing the previous down payment stipulations. This adjustment is a significant leap towards attracting global talents and investments.
A Surge in Golden Visas: The Rising Trend
The General Directorate of Residency and Foreigners Affairs (GDRFA) – Dubai, reported a phenomenal 52% increase in Golden Visa issuances in the first half of 2023. By November 2022, more than 150,000 visas had been granted, illustrating the program's skyrocketing appeal.
Beyond the Visa: Extensive Benefits Unveiled
Holders of the Golden Visa can enjoy numerous benefits, not least the ability to issue residence permits for family members, with the age limit for sponsored children extended to 25 years. There's also no age limit for unmarried daughters, and children with special needs receive special consideration. Additionally, Golden Visa holders can sponsor an unlimited number of domestic workers, with no restrictions on the duration of stay outside the UAE.
Golden Visa: Not Just for the Employed
While the Golden Visa is accessible to high-earning professionals in sectors like healthcare and IT, the UAE has broadened its horizons, offering five alternative routes to obtain this coveted residency without traditional employment:
Property Investment: A significant shift for investors - now, purchasing property or properties worth at least Dh2 million grants eligibility for the Golden Visa. This encompasses both off-plan and existing properties.
Secure Investment with Cash Deposits: High-net-worth individuals can deposit Dh2 million in a local bank for two years, opening the door to this prestigious visa.
Entrepreneurs' Gateway: Entrepreneurs who own or partner in a startup within the SME sector and generate a minimum of Dh1 million in annual revenue are in line for the Golden Visa. Additionally, founders of prior projects sold for at least Dh7 million qualify, pending approval from the relevant authorities.
For the Innovators: Scientists and researchers with notable achievements, backed by recommendations from the Emirates Scientists Council, are eligible. This includes those with advanced degrees in key fields and substantial research contributions.
Academic Excellence: Exceptional students from UAE schools and universities, as well as graduates from the top 100 universities globally, based on academic performance and other criteria, can apply for the Golden Visa.
The UAE Golden Visa program is a doorway to a future filled with promise and potential. It's an invitation to invest, innovate, and grow in one of the world's most dynamic regions. Whether you are an investor, an entrepreneur, a researcher, or a student, the UAE offers a stable and prosperous environment to flourish.