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Importance of Golden Residence in UAE

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INTRODUCTION 

People visit UAE for a variety of reasons, and each one necessitates a specific kind of visa. Emirates is a country that is developing throughout the board, including in trade, academia, and tourism. There have been a tremendous number of visa requests for the UAE because there are so many tourists there each year. Constant improvements are made to the UAE visa application procedure throughout time. These processes which have been newly introduced make the process easier for both the officers and the applicants.

This article will go over the enhancements to the UAE passport and visa process brought about by the introduction of its updated third-generation golden residency visa. The main aim of the article is to give an overview of the significance of the golden residency visa in the UAE

ALSO READ: HOW IS AN ENTRY PERMIT DIFFERENT FROM THE RESIDENCY VISA OF UAE

GOLDEN RESIDENCE VISA 

The UAE's "Golden visa" is a long-term resident visa that permits talented foreigners to live, work, or study there while also receiving several exceptional benefits. A lengthy, renewable residency permit is good for ten years and does not require an employer. It is a self-sponsored visa and does not require a sponsor at any stage. The ability to stay outside the UAE for longer than the regular six-month period to maintain their resident visa active. 

WHO CAN GET A GOLDEN RESIDENCE VISA? 

People that can apply for the golden visa are: 

Investors 

Real estate investors in the United Arab Emirates are eligible to apply for a Golden visa. However they need to fulfil certain criteria like purchasing a home worth at least AED two million, obtaining a loan from one or more approved local banks, and purchasing one or more off-plan properties from one or more approved local real estate firms. 

Entrepreneurs 

The executive regulations establish flexible criteria for entrepreneurs to be eligible for the Golden Residence. A startup must have at least Dh1 million in annual revenue, be owned by the entrepreneur or involve them as partners, and be registered as an SME in the country. 

Professionals 

According to the Ministry of Human Resources and Emiratisation, which uses the International Standard of Classification of Occupations developed by the International Labor Organization, the candidates should be in the first or second occupational level. 

Outstanding students and graduate 

This is a brand-new modification that was added with the third upgrade of UAE passports and visas. It is a programme that enables graduate students to work and study in UAE United Arab Emirates. Outstanding students may also take advantage of this facility to extend their stay in the UAE. 

Humanitarians 

Pioneers in humanitarian work, such as prominent members of public benefit societies and holders of humanitarian recognition awards; outstanding members of global and regional organizations; and famous supporters and volunteers for charity causes, are eligible for the Golden visa. 

Frontline heroes  

Frontline workers who put out a significant deal of effort during times of crisis, such as the COVID-19 epidemic, are also eligible for the Golden visa

Exceptional Talents 

People with exceptional performance and contributions are qualified for a Golden visa regardless of their level of education, work position, monthly income, and level of competence. As long as they have remarkable abilities in important fields like culture, art, sports, or digital technology they are eligible for a Golden visa to the UAE

Scientists 

This visa is given based on the recommendation of the Emirates Scientists Council with relevant achievements in their fields that are eligible for the golden visa for scientists. The candidate can be a PhD or Master’s degree holder and also have some significant research accomplishments.  

IMPORTANCE OF GOLDEN RESIDENCE VISA 

  • A golden residence visa for the UAE has several advantages, some of which are: 
  • A lengthy, renewable residency permit that is good for ten years and does not require an employer
  • This visa is a self-sponsored visa and the holder need not rely on anyone.  
  • The possibility to extend their stay outside the UAE beyond the regular six-month limit to keep their residence visas valid. 
  • The visa holders have the benefit of sponsoring their family members and children along with domestic help if they have a golden residence visa from Dubai. 
  • Sponsor an unlimited number of domestic helpers
  • The family members can stay till the end of the visa duration even if the actual golden visa holder passes away. 
  • The usual restriction on staying outside the UAE is six months

ALSO READ: CAREER OPPORTUNITIES IN THE EMIRATES

CONCLUSION 

The golden residence visa comes with its benefits which are hard to be ignored. If you have the ability and you meet the criteria mentioned above then surely you should apply for a golden residence visa in UAE. Hopefully, you have got some valuable insights from this article. If you have any queries or doubts or wish to apply for an e-visa to the UAE, you can surely visit Etihad UAE Visa and apply for the same. Do note that you will require to have a passport with at least 6 months of validity and proper documents to travel to the UAE. Go to Etihad UAE Visa and apply for an e-visa now! 

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Frequently Asked Questions

You can apply for an e-visa to UAE from Etihad UAE Visa. They provide 24X7 visa assistance along with an easy visa interface. 

You can apply for a golden visa to UAE if: 

  • Investors 
  • Entrepreneurs 
  • Professionals 
  • Humanitarians 
  • Frontline heroes 
  • Scientists 

However, if you wish to visit UAE, you can easily apply for a UAE visa with Etihad UAE Visa.

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