Golden Visa For Managers
I’m probably not the only one who wants to make big money. And I was just looking around on the internet and found some interesting information on the matter. So, this is what I found out. It’s a nice place to visit even if you could get citizenship in Malta or Poland. You may have heard of the British ‘Golden Visa Scheme’ where anyone can invest £2m and after 3 years they can claim permanent residence in the UK and take up rights to live and work in Europe too.
A very special Visa has been created by the Spanish government, to attract foreign investment through real estate. This visa is called as “Golden Visa” and it allows non-EU citizens to get it if they are buying real estate in Spain with a cost greater than €500,000. The Golden Visa is valid for 2 years and after the 2 years, you can extend the visa subject to certain conditions, if any. This visa allows you not just to enjoy living in a beautiful country, but also for traveling across Schengen Zone (all countries in Europe).Due to the complexity of labour migration in the UK, several consulting companies have appeared in recent years on the market. These companies offer various legal services aimed at obtaining professional permits for managers, skilled workers and investors. Most of these companies have no individual experience in obtaining permits and rely on the services of representatives with the appropriate legal background.
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Golden Visa For Managers
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
How To Apply For Golden Visa UAE For Managers
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:
- Audit Reports for last 2 years
- Last 6-month Bank Statements
- 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.
Golden Visa For Professionals
Latest Updates on Golden Visa ( 10-Year)
- UAE Golden Visa for Global Coders: UAE Grants Golden Visas to 100000 Resident, Non-Resident Coders. Coders of all nationalities and age groups are qualified to apply for the UAE Golden Visa, including distinguished experts and talents who have achieved success in various coding areas.
- UAE Golden Visa for High School Graduates: The UAE government has announced that outstanding high school graduates and their families would be granted Golden Visas for ten years. The applicant must have received a minimum grade of 95% in high school.
- UAE Golden Visa for Doctors: The UAE has announced that doctors who hold a license from the UAE Health Department can apply for a 10-year golden visa. Between July 2021 and September 2022, all doctors licensed by the UAE health regulatory bodies can apply for the Golden Visa.
- Humanitarian Aid Workers: Charity and humanitarian aid workers in the UAE are now eligible for the UAE Golden Visa.
- Doctors: Between July 2021 and September 2022, all doctors licensed by the UAE health regulatory bodies can apply for the Golden Visa.
- PhD degree holders: Professionals with a Ph.D. will be eligible for the Golden Visa under the law.
- Inventors: Inventors can apply for a golden visa in the UAE, but they must first get a patent of value, which adds to the UAE’s economy. The Ministry of Economy must approve patents.
- Artists: : Creative people in culture and art are eligible to apply for a Golden Visa. The Ministry of Culture and Knowledge Development must accredit cultural and artistic individuals. The Ministry of Culture and Knowledge Development must accredit cultural and artistic individuals.
- Investors: The golden Visa is available to foreign investors who have invested Dh10 million or more.
- Engineers: Engineers from different fields are also eligible for a 10-year visa. They are as follows.
- Epidemiology and Virology
- Artificial Intelligence
- Big Data
- Computer Engineering
- Electrical Engineering
- Software Engineering
- Electronics Engineering
- Genetic Engineering
- Biotechnology Engineering
- Highly qualified individuals: Highly skilled persons with a GPA of 3.8 or higher from accredited universities are eligible for a 10-year visa in the UAE.
- Researchers/Scientists:This category contains scientists and researchers who are experts in their fields.
- Outstanding students: This includes,
- Students with a minimum grade of 95% in public and private secondary schools
- Executive Directors:The Golden Visa is available to executive directors who have a certified degree from the university, a minimum salary of AED 50,000, and a minimum of 5 years of work experience
- Coders: UAE grants Golden Visas to 100000 Resident, Non-Resident Coders. Distinguished experts and talents who have achieved success in various coding areas; those who work for pioneering International Technological Companies; and graduates of
- Software engineering
- Hardware engineering
- Electrical engineering
- Computer engineering
- Big data
- Information technology
- Artificial intelligence
- Data science
Golden Visa For Managers Dubai
This service grants a (Golden Residency Visa) for specialized talents and researchers in various fields of science and knowledge for a period of (10) years without a sponsor and subject to renewal (granted to applicant and his family member).
The United Arab Emirates has expanded the “Golden Visa” eligibility to include managers, CEOs, and specialists in various fields, according to an announcement on Sunday.
New regulations in the UAE included the Golden Visa eligibility expansion, which includes specialists in the fields of science, engineering, health, education, business management and technology.
Announced last year, the Golden Visa is granted to doctors, scientists, innovators, researchers, investors and entrepreneurs in various fields, according to the official Emirates News Agency (WAM).
The Golden Visa allows for ten years of residency within the UAE and can be renewed.
“The pathway has been smoothed for highly skilled and specialized residents, investors, entrepreneurs, scientists, pioneers, leading students and graduates,” WAM reported.
The UAE announced earlier this week the launch of fifty new economic initiatives to boost the country’s economic competitiveness and attract $150 billion (AED 550 bln) in foreign direct investment in the next nine years, according to government officials.
Requirements
1. An “NOC” letter from the company that does not mind the golden residency, alos mentioned that the service period is not less than 5 years as a general manager – executive director – chairman of the board of directors.
2. Attested degree (bachelor’s degree or higher)
3. Salary certificate (not less then 50,000 DHS Monthly)
4. Labour contract with the same profession and salary at the salary certificate.
5. bank statement (last 6 months).
Service Steps
GDRFA-Dubai Smart Application
1. Download the GDRFA-Dubai application through the authorized stores: Apple store/Play store
2. Register a new user account (in case there is no account registered)
3. Select the required service
4. Attach the required documents
5. Pay the fees due for the service
6. Submit the request
AMER Center:
1. Head to one of the service branches of the Amer Centers
2. Select the required service at the receptionist
3. Submit the required documents to the service employee
4. Checking documents
5. Pay the fees due for the service
6. Submit application
Note: a text message + an email is sent to the customer with the status of the application:
• If there are missing documents on the application, the customer is notified of the need to attach the missing documents within 30 days, and if the missing documents are not attached, the application will be canceled.
• In case there are no missing documents in the application, the customer will be notified of the approval and the approved application will be sent by e-mail.
Fees
10 years golden visa:
Residency fees (2790 AED)
ID fees (1070 AED)
5 years golden visa:
Residency fees (2280 AED)
ID fees (575 AED)
T’s And C’s
Executive Directors:
1. Submission of a copy of a university degree accredited by Ministry of Education with educational attainment not less than a bachelor’s degree.
2. Submission of a letter of experience of no less than (5) years holding the same position.
3. Submission of a salary certificate with a salary of at least AED (50) Fifty thousand.
4. Submission of a valid work contract.
Note: The family of the applicant with a specialized talent is granted a Golden Visa for the same period granted to the applicant.
Golden Visa Dubai
UAE Golden Visa: 6 step guide to apply and how much it costs
New UAE Golden Visa rules came into effect earlier this month. Here’s how to begin the application process
The new UAE Golden Visa rules came into effect on the October 3.
First announced on Monday, April 18, by the UAE Cabinet – led by Sheikh Mohammed bin Rashid Al Maktoum, the UAE Vice President, Prime Minister, and Ruler of Dubai – the sweeping changes are already benefitting the country’s economy.
Eligibility criteria for the UAE Golden Residence Scheme has been simplified and the categories of people eligible to apply for the long-term 10-year visa have been expanded under a new set of executive regulations.
The visa will grant 10-year residence to investors, entrepreneurs, exceptional talents, scientists and professionals, outstanding students and graduates, humanitarian pioneers, and frontline heroes, who meet certain eligibility parameters.
Steps to apply for UAE’s Golden Visa
Eligible candidates can apply for the Golden Visa using GDRFA-Dubai Smart Application. Here are the 6 steps they would need to follow:
- STEP 1 – Download the GDRFA-Dubai application through the authorized stores: Apple store/Play store
- STEP 2 – Register a new user account (in case there is no account registered)
- STEP 3 – Select the required service
- STEP 4 – Attach the required documents
- STEP 5 – Pay the fees due for the service
- STEP 6 – Submit the request
Eligible candidates can also apply for UAE’s Golden Visa through AMER Center. Here are the 6 steps that need to be followed:
- STEP 1 – Head to one of the service branches of the Amer Centers
- STEP 2 – Select the required service at the receptionist
- STEP 3 – Submit the required documents to the service employee
- STEP 4 – Checking documents
- STEP 5 – Pay the fees due for the service
- STEP 6 – Submit application
A text message and an email is sent to the applicant with the status of the application if there are missing documents, which are required to be updated within 30 days.
Additionally, applicants will receive text messages, along with notifications about the approval process.
Golden Visa for Athletes
Under this category, the Golden Residency Visa for specialized talents and researchers in various fields of science and knowledge is granted for 10 years without a sponsor and is subject to renewal.
Requirements:
- Applicants would need a recommendation letter from the General Authority of Sports in Dubai OR Dubai Sports Council.
- A copy of the sponsored passport.
Golden Visa cost for Athletes:
- 10 years golden visa:
Residency fees: AED 2790
ID fees: AED 1070 - 5 years golden visa:
Residency fees: AED 2280
ID fees: AED 575
Golden Visa for creative specialists in Culture and Art
Under this category, the Golden Residency Visa for specialised talents and researchers in various fields of science and knowledge is granted for 10 years without a sponsor and is subject to renewal.
Requirements:
- Applicants will need a recommendation letter from Dubai culture and Arts Authority.
- A copy of the sponsored passport.
Golden Visa cost for creative specialists in Culture and Art:
- 10 years golden visa:
Residency fees: AED 2790
ID fees: AED 1070 - 5 years golden visa:
Residency fees: AED 2280
ID fees: AED 575
Golden Visa for Executive Directors
Under this category an Executive Director and his family members can be granted a Golden Residency Visa for specialized talents and researchers in various fields of science and knowledge for a period of 10 years without a sponsor and subject to renewal.
Requirements:
- Executive Directors would require an “NOC” letter from the company that does not mind the golden residency, also mentioned that the service period is not less than 5 years as a general manager – executive director – chairman of the board of directors.
- Attested bachelor’s degree or higher degree.
- Salary certificate which should not be less then AED 50,000 monthly.
- Labour contract with the same profession and salary at the salary certificate.
- Bank statement for the last 6 months.
Golden Visa cost for Executive Directors:
- 10 years golden visa:
Residency fees: AED 2790
ID fees: AED 1070 - 5 years golden visa:
Residency fees: AED 2280
ID fees: AED 575
Golden Visa for Entrepreneurs
This category grants a Golden Residency Visa for 5 years to an entrepreneur who owns an economic project of a technical or future nature based on risk & innovation.
Requirement:
The applicant would require an approval letter from Dubai Future Foundation.
Golden Visa cost for Entrepreneurs:
5 years golden visa:
Residency fees: AED 2280
ID fees: AED 575
Golden Visa for Retired Foreigners
Under this category, a retired foreigner can be granted a Golden Residency Visa for a period of 5 years without a sponsor and subject to renewal.
Requirement:
The applicant would need a bank letter with a deposit value or income of AED15,000 or real estate ownership with the value of one million AED.
Golden Visa cost for Retired Foreigners:
5 years golden visa:
Residency fees: AED 2280
ID fees: AED 575
Golden Visa for Investors
Under this category, an investor can be granted the Golden Residency Visa for 5 or 10 years.
It is automatically renewed if the same conditions are met.
Requirements:
The applicant should be an investor in an investment fund (commercial investor) –
- Applicant would require the company’s financial report for the previous year – made by the company’s financial auditor.
- The company’s trade license and photocopy of the list of partners’ names.
- A copy of the sponsored residency.
- The company’s bank statement for the last 3 months.
- The company’s VAT return for the previous year.
The applicant should be an investor in an investment fund (deposit) –
- A letter from the bank in Arabic form showcasing a “fix deposit”. A note must be mentioned in the letter. (The fix deposit will not be broken for the next two years, OR in case the fix deposit was broken for any reason, the General Directorate of Residency and Foreigners Affairs – Dubai must be notified)
- A copy of the sponsored passport.
- Tenancy contract.
Investor in (Tax Return Investor) –
- A letter from the Federal Tax Authority.
- Company’s Trade license and photocopy of the list of partners’ names.
- A copy of the sponsored residency.
Golden Visa cost for Investors:
- 10 years golden visa:
Residency fees: AED 2790
ID fees: AED 1070 - 5 years golden visa:
Residency fees: AED 2280
ID fees: AED 575
Golden Visa for Specialists in Engineering and Science
Under this category, an applicant and his family member can be granted a Golden Residency Visa for specialized talents and researchers in various fields of science and knowledge for 10 years without a sponsor and subject to renewal.
Requirements:
- Applicants would require an attested degree (bachelor’s degree or higher), or a letter of equivalency for the academic degree from the Ministry of Education (for certificates from outside the country).
- A copy of the sponsored residency.
- A work contract in one of the following disciplines: (Epidemiology and Viruses – Artificial Intelligence – Big Data – Computer Engineering – Electronics Engineering – Software Engineering – Electrical Engineering – Genetic Engineering – Biotechnology Engineering).
Golden Visa cost for Specialists in Engineering and Science:
- 10 years golden visa:
Residency fees: AED 2790
ID fees: AED 1070 - 5 years golden visa:
Residency fees: AED 2280
ID fees: AED 575
Golden Visa for Inventors
Under this category, a Golden Residency Visa can be granted to an applicant and his family member for specialized talents and researchers in various fields of science and knowledge for 10 years without a sponsor and subject to renewal.
Requirements:
- Applicant would require a recommendation letter from the Ministry of Economy.
- A copy of the sponsored passport.
Golden Visa cost for Inventors:
- 10 years golden visa:
Residency fees: AED 2790
ID fees: AED 1070 - 5 years golden visa:
Residency fees: AED 2280
ID fees: AED 575
Golden Visa for Scientists
Under this category, a Golden Residency Visa can be granted to an applicant and his family member for specialized talents and researchers in various fields of science and knowledge for 10 years without a sponsor and subject to renewal.
Requirements:
- Applicants would require a recommendation letter from “Emirates Scientists Council” or a letter from “Rashid Award for Scientific outstanding” that he/she has been awarded the Medal of Scientific outstanding.
Golden Visa cost for Scientists:
- 10 years golden visa:
Residency fees: AED 2790
ID fees: AED 1070 - 5 years golden visa:
Residency fees: AED 2280
ID fees: AED 575
Golden Visa for Outstanding Students
Under this category a Golden Residency Visa is granted for outstanding students for a period of 5 or 10 years and automatically renewed if the same conditions are met.
Requirements for a high school graduate:
- A recommendation letter from the Ministry of Education.
- Copy of the sponsored residency – applicable only for Dubai residents.
- Copy of the sponsored passport.
Requirements for a university graduate:
- Attested degree (bachelor’s degree or higher) along with the academic transcript.
- Copy of the sponsored residency applicable for Dubai residents only
- Copy of the sponsored passport.
Golden Visa cost for Scientists:
- 10 years golden visa:
Residency fees: AED 2790
ID fees: AED 1070 - 5 years golden visa:
Residency fees: AED 2280
ID fees: AED 575
Golden Visa for Doctors
Under this category, a Golden Residency Visa can be granted to an applicant and his family member for specialized talents and researchers in various fields of science and knowledge for 10 years without a sponsor and subject to renewal.
Requirements:
- Applicants would require a copy of their labour card.
- A copy of labour contract from MOHRE.
- A copy of the sponsored residency.
Golden Visa cost for Doctors:
- 10 years golden visa:
Residency fees: AED 2790
ID fees: AED 1070 - 5 years golden visa:
Residency fees: AED 2280
ID fees: AED 575
The UAE Golden Visa residency programme, which was first implemented in 2019, enabled expats to live, work, and study in the UAE without the need of a national sponsor and with 100 percent ownership of their business on the UAE’s mainland.
With the new rules, the criteria to apply for the 10-year visas have now been eased, as more people across a diverse set of professions will be offered the opportunity to apply for the Golden Visa.
How the Golden Visa rules will impact students, families, and the business of education in the UAE
Academic institutions, students, families, as well as the business and state of education will improve considerably following the recent set of sweeping amendments made to long-term visa policies in the UAE, an expert told Arabian Business.
Under the new executive regulations, the UAE Golden Visa programme will grant 10-year residency to high-performing students in UAE secondary schools, and outstanding graduates from UAE universities, as well as students from the best 100 universities worldwide who meet specific elibility criteria.
The criteria includes submitting proof of cumulative average of their academic performance, the year of graduation, and the university classification.
“The new visa regime approved by the UAE Cabinet assures incredible flexibility to its beneficiaries. The updated visa structure enables educational institutions to shift the cost of securing visas for education away from the student and his/her family,” explained Danielle Butterworth (below), the executive director for Finance and Administration at the University of Wollongong in Dubai (UOWD).
“Such government initiatives not only positively impact the business of education here in the UAE, but also enhance the state of education in the country, attracting more foreign students than ever, and reaffirming the UAE’s pioneering role as an international education and knowledge hub.”
The positive policy reforms will further enable educational to facilitate uninterrupted education preventing students and their families from the hassle of re-applying or purchasing an alternative visa type.
Butterworth added: “The UAE Golden Visa expanded scheme will also incentivise students in UAE secondary schools and universities to aim for high performance. This will further fuel student interest and intake across universities, allowing educational institutions to attract and retain exceptional talent.”
The UAE Cabinet has also approved a special entry permit for those attending training and academic courses and/or participating in internship programmes.
The sponsor can be universities or educational or research institutions licensed in the country or government or private entities.
“Universities form the crux of UAE’s academic landscape and any policy reforms that impact entry and retention for students across universities, also increase the flexibility of the education market.
“The updated rules contribute to a more accessible academic environment. The visa overhaul places students and academics at the fore, building effectively on the competitiveness of the UAE as a pioneer in education,” Butterworth concluded.
UAE’s new Golden Visa rules to encourage more doctors, nurses and healthcare professionals to move to the UAE
Healthcare has received a huge boost in the UAE with the new rules for 10-year Golden Visas and 5-year Green Residence visas, which are expected to attract top professionals to the nation, an industry expert said.
The UAE Cabinet has eased the eligibility criteria for long-term visas in the UAE. The new rules also make the Golden Visa programme more inclusive to encourage more professionals across diverse industries to apply to the programme.
Reacting to the recent rules, the founder chairman and managing director of Aster DM Healthcare, Dr Azad Moopen, said: “For the healthcare sector, these reforms will attract more doctors, nurses, and other healthcare professionals to build their careers in UAE and select the country as a home for their families.”
According to the new rules, the UAE Golden Visa will be granted to scientists and researchers with high achievements and influence in their field based on the recommendation from the Emirates Scientists Council.
The candidate must have a PhD or a Master’s degree in the disciplines of engineering, technology, life sciences, or natural sciences from the best universities in the world, as well as substantial research achievements.
The UAE Cabinet has also revealed a major expansion, opening out the Golden Visa to highly skilled workers with educational qualifications and professional experience in all disciplines, including medicine, sciences, and engineering, among others.
In addition, the UAE’s new set of executive regulations will also provide skilled employees the opportunity to gain a 5-year Green Residency, without the need for a sponsor or employer.
