Who Will Get Silver Visa In Uae
The easiest way to get a Silver Visa in the UAE is by using an application form and submitting it to the Ministry of Interior with all required documents. Use this post to learn more about the Silver Visa program, find out how to apply, and calculate your chances of getting a Silver Visa.
The country’s visa policy is the most prominent factor that attracts foreign nationals to UAE and India. As the traditional Labour-intensive businesses find it difficult to grow at the desired pace, outsourcing firms have now taken the center stage.
Who Will Get Silver Visa In Uae
The Silver Visa is a new visa for retirees and pensioners who want to live in the UAE. The visa has been launched by the government of the UAE, and it’s designed to help retired people from around the world enjoy their retirement years while also boosting the economy of the UAE.
Who Will Get Silver Visa In Uae?
The Silver Visa will be available to people over 50 years old who have a monthly income of at least AED10,000. They can apply for the visa by going through a company that specializes in helping people get visas, or they can go through their own bank or investment company if they have one.
The Silver Visa program is a good option for people who want to live in the UAE. This is because it allows them to own a business and purchase real estate in the country. The program also makes it possible for them to extend their stay if they wish.
The main condition for applying for this visa is that you must be at least 35 years old and have at least $2 million in investment capital. You may also need to provide proof that you have been paying taxes on your income in the UAE for a period of at least five years before applying.
Once approved, you will receive a ten-year residency permit which allows you to work in any job or set up your own company; buy property worth $1 million or more; open bank accounts; take out loans; get married; get divorced; vote in elections and apply for citizenship after five years.
Silver Visa Services
For investors: the investor must invest in a property gross value should not be less than AED 5 million, and the amount invested in a real estate should not be on a loan basis. the property must be retained for at least three years.
Entrepreneurs: this includes those having an existing project with a minimum capital of AED 500,000, or those who have the approval of an authorized business in the country. The entrepreneur is allowed a multi-entry visa for six months, renewable for another six months. the spouse and children, a partner, and three executives are included in the long-term visa.
Outstanding Students: students with a minimum grade of 95% in public and private secondary schools
University students should have a distinction GPA of at least 3.75 upon graduation in local and other countries.
Silver Visa Requirements
In order to qualify for a UAE silver visa, applicants must meet the following criteria:
- Be a citizen of a country that has a valid diplomatic agreement with the United Arab Emirates.
- Have no criminal record in the country of residence and any other country they have lived in for more than 6 months over the last 5 years. (this includes traffic violations)
- Be at least 18 years old.
- You must have sufficient financial resources to support yourself and your family members during their stay in the UAE
- A valid passport from an any country
- The company financial documents are required if you are under the investor category.
Conclusion
The UAE has cast a special visa, called “Gold,” in Dubai that provides holders with a plethora of encouraging benefits. The only shortcoming is the high cost required to acquire one. For those who are seeking to live in Dubai and not deal with the tedious process of applying for residency, this may be the perfect solution. To avoid being robbed of opportunities before even applying, let us shed some light on what it takes and what we can expect from acquiring this visa.
