In the UAE, a “golden visa” is a long-term residency visa that is issued to investors, entrepreneurs, specialized talents, and researchers. It is part of the UAE’s efforts to attract and retain skilled professionals and investors to the country. The golden visa allows holders to live, work, and study in the UAE without the need for a national sponsor (e.g., an employer or family member).
The criteria for obtaining a golden visa in the UAE vary depending on the category of the visa. However, common requirements include:
- Investment: Investors may be required to make a significant financial investment in a UAE-based business, real estate, or other approved sectors.
- Entrepreneurship: Entrepreneurs looking to obtain a golden visa may need to establish a business in the UAE and meet certain investment and job creation targets.
- Specialized Talents: Individuals with specialized skills or expertise in certain fields, such as science, technology, engineering, and mathematics (STEM), may qualify for a golden visa.
- Researchers: Researchers conducting scientific or academic research in the UAE may be eligible for a golden visa.
- Contribution to the UAE: Applicants may need to demonstrate how they will contribute to the UAE’s economy, innovation, or cultural scene.
- Good Conduct: Applicants must have a clean criminal record and be in good standing with the law.
The cost of a golden visa in the UAE can vary depending on the category and duration of the visa. For example, the cost of a 5-year golden visa for investors is around AED 6,000 (approximately USD 1,600), while the cost of a 10-year golden visa for investors is around AED 12,000 (approximately USD 3,300). The cost of a golden visa for other categories may differ.