The United Arab Emirates (UAE) has rapidly emerged as a global investment hub, offering attractive incentives for foreign investors. One such incentive is the UAE Golden Visa program, which grants long-term residency to eligible investors and their families. This program has significantly contributed to the country’s growth and development, attracting investors from various industries.
In this blog post, we’ll explore what makes the UAE Golden Visa program a top destination for investment, as well as the numerous benefits it provides.
What Is The UAE Golden Visa For Investors And Entrepreneurs?
The UAE Golden Visa is a long-term residency program designed to attract and retain foreign investors, entrepreneurs, and professionals who contribute significantly to the country’s economic growth. The program aims to bolster the UAE’s economy, foster a diverse and innovative environment, and facilitate the development of various sectors.
Eligibility Criteria For Investors UAE Golden Visa
Investors must invest a minimum amount in real estate, businesses, or other eligible projects to qualify for the UAE Golden Visa. The eligibility criteria include:
- Investing in a property worth at least AED 5 million.
- Establishing a business with a capital of at least AED 10 million.
- Depositing at least AED 10 million in a UAE-based investment fund.
- Partnering in an existing or new business with a minimum investment of AED 10 million.
Types of UAE Golden Visas For Investors
10-Year UAE Long-Term Residence Visa:
To qualify for the 10-year UAE Golden Visa for investors, applicants must meet the following requirements:
- Investing at least AED 10 million in the public sector (UAE Investor Visa):
- Making a deposit in an investment fund
- Setting up a new company in the UAE with a capital of at least AED 10 million.
- Becoming a partner in an existing company with shares worth no less than AED 10 million.
- Ensuring the investment is not loaned and is maintained for at least three years.
5-Year UAE Long-Term Residence Visa:
To qualify for the 5-year UAE Golden Visa for investors, applicants must meet the following requirements under one of the following categories:
- Investing in a property in the UAE (UAE Investor Visa or Property Visa UAE):
- Property with a gross value of at least AED 5 million.
- Investment not obtained through a loan.
- Property maintained for at least three years.
2. Being an entrepreneur with an existing project:
- Project with a minimum capital of AED 500,000
- Proof of the project’s viability and potential to contribute to the UAE economy.
Application Process Of UAE Golden Visa For Investors
Step 1 – Required Documents For Investors
Applicants for both the 10-year and 5-year UAE Golden Visas must provide several supporting documents depending on their eligibility category. . Some of the essential documents include:
- Copy of the passport
- Passport-sized photographs
- Bank statements for the past six months
- Proof of investment or accreditation
Please note that this is not an exhaustive list, and additional documents may be required depending on the applicant’s specific case. It is advised to seek assistance from an expert like us to ensure a smooth application process.
Step 2 – Application Procedure
Applicants can submit their documents and complete the application process through the UAE’s online portal, Federal Authority for Identity and Citizenship (ICA) website, or at designated service centers.
Some of the steps involved in the application process are:
- Register on the ICA website or visit a designated service center.
- Complete the application form and provide the required documents.
- Pay the necessary fees for the Golden Visa application.
Step 3 – Processing Time And Fees
The processing time for the Golden Visa application may vary depending on the type of visa and individual circumstances. Moreover, the fees for the Golden Visa application also depends on the type of visa and any additional services chosen, such as express processing or VIP services.
Navigating the complexities of the UAE Golden Visa application process can be challenging. At TASC Corporate Services, we have the expertise to guide you through each step and ensure a successful outcome.
TASC Corporate Services Is Your Trusted Partner In Securing UAE Golden Visa
The UAE Golden Visa offers a unique opportunity for high-net-worth individuals and foreign investors looking to establish a strong presence in the UAE’s thriving economy. With over 15+ years of local and global experience, TASC Corporate Services is your ideal partner to guide you through the complexities of obtaining the UAE Golden Visa. Our strong on-the-ground presence in the UAE and our extensive knowledge of the local market enable us to provide tailored solutions and assistance throughout the entire application process.
By choosing TASC Corporate Services as your go-to partner, you can expect a seamless, hassle-free experience in obtaining the UAE Golden Visa, allowing you to focus on your investment and personal goals in the UAE. Our team of experts is dedicated to ensuring your success in this endeavor, providing personalized support and guidance every step of the way. So, why wait? Embark on your journey towards a prosperous future in the UAE with TASC Corporate Services by your side.
What is the Golden Visa for investors in the UAE?
The Golden Visa, also known as the UAE Long-Term Residence Visa, is a special visa category designed for wealthy or highly skilled foreigners who wish to live and invest in the UAE. The visa is available in two types: a 10-year visa and a 5-year visa. Investors can qualify for the UAE Golden Visa by investing a substantial amount of money in the UAE’s public sector or property market.
Who is the sponsor of the Golden Visa?
Unlike other visa categories that require a sponsor, applicants for the UAE Golden Visa can apply without a sponsor. For the UAE Investor Visa, the registered company serves as the sponsor, and for the UAE Property Visa, the property the applicant invests in serves as the sponsor.
How much investment is required for the UAE Golden Visa?
The investment requirements for the UAE Golden Visa depend on the type of visa:
For the 10-year UAE Golden Visa, applicants must invest at least AED 10 million in the UAE’s public sector. This can be done by making a deposit in an investment fund, setting up a new company with a capital of at least AED 10 million, or becoming a partner in an existing company with shares worth no less than AED 10 million.
For the 5-year UAE Golden Visa, applicants must invest at least AED 5 million in a property in the UAE.
Can investors get UAE citizenship?
While the UAE Golden Visa grants long-term residency to investors, it does not automatically lead to UAE citizenship.