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Are you looking for a long-term residency in the United Arab Emirates? Golden Visa is waiting for you!
Golden Visa is a simple residency permit that allows its holder to live in the UAE region for 5-10 years. The UAE government authorizes this visa after some initial requirements have been fulfilled. |
The UAE Golden Visa seems quite tempting, alluring you to swipe right on residentship!
To get one, your basic salary has to be AED 30,000 per month, excluding allowance. You can also get this visa by investing AED 2 Million or more in real estate, and not fewer than AED 500,000.
With this blog, you will know everything about the UAE Golden Visa and essential documents to apply.
Table of Contents
The UAE Golden Visa is a state-level residency program launched by the United Arab Emirates Ministry in 2019. This visa aims to attract foreign investors and talents to make investments in their businesses and lead a flexible life in the UAE.
The Golden Visa is a way for the country to grow its economy. The UAE government wants exceptional people in the fields of business, culture and sports, research, and studies.
With the Golden Visa, you and the UAE government can enjoy benefits, ultimately developing the country. Also, you get to work in a state-of-the-art environment by making a contribution to the UAE economy.
According to the data received at the end of 2023, the General Directorate of Residency and Foreigners Affairs (GDRFA) of Dubai has issued 158,000 Golden Visas.
People apply for the Golden Visa because of the tremendous benefits it offers to the appliers.
The UAE government is updating the UAE Golden Visa policies every year; to make investment easier so that more people become more eager to apply for the Golden Visa.
Before 2025, to qualify for a UAE Golden Visa by investment, you need to invest at least AED 1 million ($272,000) or 50% of the property value, which has been eliminated. The elimination of minimum down payment has made the investment easier for investors.
After increasing the minimum down payment of AED 1 million, the UAE government has introduced an updated requirement.
Now, if you want to be qualified to get the UAE Golden Visa, you must invest or have a property valued at AED 2 million ($545,000). However, the beneficial part is that the property could be off-plan, already completed, or mortgaged.
As discussed earlier, the salary requirement is AED 30,000 ($8,200) without the allowances. Before 2025, the salary was the same, but the allowances were included.
The UAE government has made this change to ensure that only the best and most qualified persons are allowed to receive a Golden Visa. Earning a 6-figure salary or business-related income can be a valid choice before requesting a salary.
According to the new update on family sponsorship for the UAE Golden Visa, the UAE government allows you to sponsor your direct family. Now, you can sponsor your wife, unmarried daughters, and male children under the age of 25.
You can sponsor domestic helpers, such as maids and drivers. The additional staff sponsorship is for businessmen who are Golden Visa owners. Now, the businessmen who are Golden Visa owners can bring skilled workers by sponsoring them.
The UAE Ministry of Education has made a new update on undergrad students. To qualify for the Golden Visa, a university graduate must have degrees from one of the top 100 universities.
We all know that the UAE is continuously working on large and innovative projects. So, The UAE government wants the best of the best people to apply for the UAE Golden Visa.
If you are a Golden Visa holder, prepare yourself to have the best experience while living in the United Arab Emirates. As discussed earlier, one of the key benefits is that you will get 10 years of UAE residency.
Besides this benefit, you will also be eligible to,
But, we have to remember that the Golden Visa policies are constantly changing, you might get more or fewer benefits according to this modification.
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The UAE Golden Visa is launched to attract exceptional talents. The salary function requirement helps to understand the value of one’s talent.
As discussed earlier, the salary requirement for the UAE Golden Visa is AED 30,000 per month. This will not include the other allowances that come with the salary, such as housing, transportation, and other benefits.
Before 2025, the salary requirement was AED 30,000 including the allowances. However, if you are a public investor, then you must present a letter from the UAE Federal Tax Authority (FAT) ensuring that you pay at least AED 250,000 tax annually.
Moreover, investors must make investments of a minimum of AED 2 million for real estate. The investment amount can be more depending on the field of the investment.
For entrepreneurs, the business or project has to be innovative and contribute directly to the UAE’s economy. The business or project valuation has to be at least AED 500,00
A Golden Visa is like a once-in-a-lifetime opportunity. To get one, you will have to present the best version of yourself in the UAE.
There are so many requirements needed for this visa,
UAE wants the best from these specialized visa owners, you get the idea.
The Government of the UAE has specific rules for different types of professions to be eligible for a Golden Visa.
Well, you will see some general requirements, which have been covered in the previous section. But depending on your profession the rules and regulations can be different.
As an entrepreneur, your project must be innovative or important to the UAE’s economy. To register your company in UAE, your business has to register its value, which starts from AED 500,000.
Anyone who invests big money in real estate or other markets will be eligible for the Golden Visa. For property investments, you need to invest at least AED 2 Million. Public investors must also pay a minimum of AED 250,000 in tax annually.
If you are working in managerial or directorial posts, then your bachelor’s degree must be accredited by the Ministry of Education. Moreover, you will need 5 years of experience, an AED 50,000 salary, and a valid work contract.
For this, artists, writers, musicians, and other creatives can apply with an approval letter from the emirate’s Ministry of Culture. This visa is for those people who are contributing to the growth of the UAE’s cultural and artistic growth.
Students with outstanding talents can be eligible for the UAE Golden Visa. The cumulative GPA must be more than 3.5 for A-class universities and more than 3.8 for B-class universities.
The documents you will need to apply for the UAE Golden Visa are different based on your profession.
As discussed earlier, you will need the employment contract if you are an employee. So, investors, students, and creative individuals need to show the documents for their eligibility.
Some documents are common for all kinds of professionals, they are –
After getting the UAE Golden Visa, you have no time limit or restrictions on staying outside of the UAE.
If you have a Golden Visa for 5 years, you can stay outside of the UAE for as long as you want. Your visa will not expire before the 5 years are up. This is also applicable to the 10-year Golden Visa.
No, you can not become a citizen of the UAE after getting the Golden Visa.
However, getting the Golden Visa puts you ahead in applying to become a citizen of the UAE. The Golden Visa shows your long-term commitment to the country, and this increases your chances of becoming a citizen of the UAE.
If you commit serious crimes such as fraud, theft, or violent offenses, then the UAE government will cancel your Golden Visa. Also, if your activities are a threat to the national security of the UAE, then your Golden Visa will be canceled.
The Golden Visa comes with lots of benefits and takes you one step closer to becoming a UAE temporary citizen.
But, remember the governments will acknowledge your service to the country and reward you with several renewals throughout the decades. You have to be an influential resident to receive this reward.
Let’s recap a few points,
We hope this blog has answered all your questions about the salary requirements of the UAE Golden Visa. Thank you for your time.