Golden Visa is the first scheme in the UAE under the Kafala sponsorship system, where foreigners are granted temporary residence permits only.
UAE is one of the top most destinations in the world. For this reason, many investors and businessmen from India think of settling in this country. The UAE government launched several schemes aimed at attracting top talents to boost the economy. One of these schemes is UAE Golden Visa. If you want to go to UAE, then you should have complete information about the Golden Visa for there. Actually, Golden Visa allows investors, businessmen, researchers, medical professionals and people associated with science and knowledge fields to settle or stay here for a long time.
Let us tell you that this visa scheme was implemented in the year 2019. The scheme also enables foreigners to work, live and conduct research in the UAE. Generally, other visa schemes require the individual to have a national sponsor, but with the Golden Visa you will not need to have one. If you also want to live temporarily in UAE or want to start your own business there, then you should know about the benefits of Golden Visa and its rules.
What is UAE Golden Visa
The Golden Visa system mainly provides permits to investors, researchers, students and talented students to stay in the UAE for 5 to 10 years. The UAE government launched the Golden Visa with the aim of retaining talented people in the country. Since it is a very easy process, anyone can do it. The most common in the UAE is the ‘Employment Visa’, where an employee is sponsored by an employer and is allowed to stay for two to three years. However, the most interesting thing about UAE Golden Visa is that this visa gives residency for 5 to 10 years. The authorities here have made strict rules regarding who can take it.
Benefits of UAE Golden Visa
The biggest advantage of this visa is security. With the issuance of the Golden Visa, the UAE government has made it clear that expatriates and investors fundamentally enjoy many benefits from living in the UAE, such as –
- People doing business here or involved in research can stay in UAE for 5 to 10 years.
- Through this, a person gets 100 percent ownership on UAE soil.
- In this visa the person does not need to find a national sponsor.
Who can carry UAE Golden Visa
The application process is very simple. Candidates have to submit paper work. After this, they should be fully prepared to take their business forward. However, the eligibility criteria may vary depending on the duration of the visa. Additionally, investors and talented people are eligible for ten-year visas, while businessmen and students are granted five-year visas.
What is the eligibility criteria for Golden Visa? – Qualification for UAE Golden Visa
Investors applying for a 10-year visa must have a minimum public investment of Rs 20 crore as capital in a UAE firm. On the other hand, for investors seeking a five-year visa, the minimum investment amount is Rs 10 crore. Meanwhile, people with talent in arts and culture are approved by authorities such as the Emirates Scientific Council or the Ministry of Culture and Youth. Students with a minimum grade of 95 percent and a grade point average of at least 3.75 in graduation can apply for a 5-year UAE residency visa.
How to apply for UAE Golden Visa
Anyone interested in applying for a Golden Visa can do so by visiting the official website of the Federal Authority for Identity and Citizenship or the General Director of Residency and Foreigners Affairs. After enrolling here –
- You will get a mail with your result.
- If your nomination is accepted, you will receive a link on your email where you will need to upload your documents.
- The Federal Authority for Identity and Citizenship will examine the application and after this you will be issued a Golden Visa.
Indian Celebrities who have UAE Golden Visa
Many Indian celebrities have been issued UAE Golden Visas, which allows them to stay in the country for a long period of time. Shahrukh Khan is one of the first Indian celebs to have a UAE Golden Visa. Boney Kapoor’s family including Janhvi Kapoor, Arjun Kapoor, Khushi Kapoor and Anshula Kapoor have also been granted a 10-year golden visa. Apart from this, Sanjay Dutt, Sanjay Kapoor and Salman Khan also have Golden Visa.
