The long-term residence visa allows residency for five(silver visa) or ten years(golden visa) instead of the standard two-year residence visa. In addition, the new system will enable foreigners to study, work and live in the UAE without requiring a national sponsor and 100% ownership of their business on the UAE’s mainland.

Categories

• Investors
• Outstanding students
• Specialized talents and researchers

Eligibility for a Golden Visa (10-year)

The following categories are qualified to apply for a 10-year resident visa in the UAE.

1) Investors in public investments

The investment may take numerous forms, such as:

• A deposit of not less than AED 10 million in an investment fund inside the country
• Establishing an organization in the UAE with a capital of at the very least AED 10 million
• Partnering in an existing or a new organization with a share value of at least AED10 million
• Having a total investment of at the very least AED 10 million in all areas referenced, on condition that the investment in places other than real estate isn’t less than 60 percent of the total investment

Conditions

The following conditions must be met in order to get a visa:

• First, the amount invested must not be loaned.
• Second, the investment ought to be retained for at least three years.
• Third, there ought to be financial solvency of up to AED 10 million.

Visa can incorporate business partners on the prerequisite that each partner contributes AED 10 million. The long-term visa can include the spouse and kids, just as one executive director and one advisor. Investors from abroad may apply for a multiple-entry grant for six months.

Main Requirements to apply for Investor Golden Visa:

1. Audit Reports for last 2 years
2. Last 6-month Bank Statements
3. Real Estate License, If Applicable.

2) Persons with specialized talents

This category includes specialized talents and researchers in science and knowledge, such as scientists, doctors, specialists, inventors, and creative people in culture and art. In addition, the visa benefits extend to the spouse and children. All these categories must have a valid employment contract in a specialized field of priority in the UAE.

Conditions

Giving a visa is dependent on the following conditions:

• Inventors must acquire a patent of value, which adds to the UAE’s economy. Therefore, the Ministry of Economy should affirm patents.
• Exceptional abilities should be documented by patents or scientific research published in a world-class journal.
• Emirates Scientists Council or holders of the Mohammed Bin Rashid Medal for Scientific Excellence must approve the Scientists.
• The Ministry of Culture and Knowledge Development must accredit the creative people in art and culture.
• Executives should be the proprietors of a leading and internationally recognized company or have high academic achievement and position.

Doctors and specialists should meet at least two of the following conditions:

• A Ph. D. degree from one of the best 500 universities in the world
• A certificate or an award of appreciation in the field of the applicant’s work
• Contribution to significant scientific research in the respective field of work
• Scientific books or published articles in distinguished publications in the respective field of work
• Membership in an association related to the field
• A Ph. D. degree, in addition to 10-year professional involvement in his field
• Specialization in spaces of priority to the UAE.