New UAE 10 years Golden visa Rules 2023

The UAE government implemented a sophisticated visa system in October 2022, leading to several alterations to visa policies, and these recent reforms are part of the major residency and entry permit reforms implemented by the Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP).

Today, let’s learn about the changes in the UAE Golden Visa~

Changes to the UAE Golden Visa in 2023

The UAE has made significant revisions to the Golden Residence Scheme and expanded the categories of the Golden Visa to simplify the eligibility criteria and include more beneficiaries. The UAE Golden Visa is now valid for a 10-year period for all categories, providing the holder with the right to reside and work in the Emirate for a decade.

Investors, entrepreneurs, exceptional talents, scientists, outstanding students and graduates, and skilled workers are eligible for the 10-year Golden Residence. The new rules also permit Golden Residence holders to sponsor their family members, including spouses and children, of any age, as well as unlimited support services labourers.

The grace period for expats after a residence visa expiration or cancellation in the UAE has been extended from 30 days to 6 months for Golden Visa holders and their family members. Expats now have a 6-month window to either renew their status or leave the country without incurring fines. However, if the Golden Visa holder fails to renew or cancel their dependents’ visas, they may be subject to overstay fines.

The UAE recently launched an online eligibility quiz for aspiring applicants seeking the Golden Visa. The visa is now available to scientists, researchers, skilled professionals, exceptional talents, and real estate investors.

Scientists

For scientists, a PhD or Master’s degree in engineering, technology, life sciences or natural sciences from a top-ranked university and a recommendation from the Emirates Scientists Council is required.

Skilled Professionals

Skilled professionals must have a contract of employment in the UAE, a job under occupational level one or two as defined by the Ministry of Human Resources and Emiratisation, and a minimum salary of AED 30,000 per month. They must also have a bachelor’s degree. Skilled professionals (classified in the first or second occupational level as per the Ministry of Human Resources and Emiratisation classification) are entitled to an extended grace period of 6 months.

Exceptional Talents

Exceptional talents in fields such as art, culture, digital technology, sports, medicine, and law can apply for the visa with approval from a federal or local government entity. The 10-year Visa will be awarded solely on the basis of the individual’s talent. Education, employment status, salary, or professional status will not be a factor in the selection process.

Real Estate Investors

Real estate investors can obtain the Golden Residence by purchasing a property worth at least AED 2 million or through approved local real estate companies. The new amendments also allow investors to obtain the Golden Residence when purchasing a property with a loan from a specific local bank. Furthermore, the residence can be obtained when investors purchase one or more off-plan properties from approved local real estate companies for at least AED 2 million.The grace period for expats after residence visa expiry or cancellation has been extended from 90 days to 6 months for property owners. As a result, expats now have a grace period of six months to either amend their status and apply for another residence visa or leave the country without paying fines.

Entrepreneurs

Entrepreneurs and startup investors can receive a Golden Visa if their company is registered in the UAE as a small or medium enterprise (SME) with yearly revenue of at least AED 1 million. Additionally, the Golden Residence for Entrepreneurs can be obtained if the person was a founder or one of the founders of a previous entrepreneurial project sold for a minimum value of AED 7 million or needs approval from the Ministry of Economy or the relevant local authorities for their current project or idea.

Students

Students who have excelled academically, with high grades from UAE secondary schools or universities, are eligible to apply for the 10-year Visa or Golden Visa program. Additionally, students who have graduated from one of the world’s top 100 universities based on academic performance, graduation year, and university ranking can also apply for the Golden Visa program. Note that students who have completed their studies are eligible for an extended grace period of 6 months.

Humanitarian Pioneers

People who have made humanitarian contributions, including members of international and regional organisations, outstanding members of public benefit associations, recipients of humanitarian awards, and distinguished volunteers and sponsors of humanitarian efforts, are eligible for the Golden Visa.

Doctors and Nurses

Doctors and Nurses are offered a long-term residency in recognition of their efforts and sacrifices, including those who have played a critical role in the COVID-19 response, and they are now eligible to receive the Golden Visa. Seven centres associated with the Federal Authority for Identity and Citizenship have been set up throughout the Emirates for in-person visa applications.

Cultural

Creative professionals, including artists, singers, dancers, musicians, performers, curators, and others aged 25 or above, can apply for a long-term Cultural Golden Visa, regardless of their educational background, employment status, salary, or professional level. They must obtain a letter of recommendation from the Ministry of Culture and Youth and be in the country at the time of their application.

Executive Directors

Executive directors who hold at least a bachelor’s degree accredited by the Ministry of Education, have a letter of experience in the same position for 5 years, have a salary certificate of at least AED 50,000, and have a valid work contract can apply under this category.

UAE emirates ID, resident visa, Dubai company registration, banking with NBD,FAB and RAK banks in UAE. Your Dubai life SOLUTIONS make more easy.

If you need any more information, feel free to contact SOLUTIONS. We will be glad to assist you.

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