UAE is making rapid changes regarding visa and tax procedures in the corporate sector since last year. This amendment process has been in progress in the year 2023. New policies have been introduced by the government of the United Arab Emirates.
Some of them have been implemented and many are still to enforce in the year 2024. The sole reason for these changes in laws is to increase the investment rate and boost the economy of the UAE. Along with many modifications, the regulating bodies of the UAE have launched the “Golden Visa”, a step ahead of the “Green Visa”.
This valuable step is taken keeping in view the ease for investors and attracting the entrepreneurs. So, the sponsors can make a long-term investment plan in Dubai. It is “time to switch from green to golden visa” for investors to have a lasting stay in the UAE.
What is UAE Golden Visa?
The golden visa program is a must-have for people who want to stay in the UAE alone or with their families for the long run. It is a great opportunity for foreigners, investors, and skilled individuals to stay, work, and study in the United Arab Emirates. An initiative to hold a 5 or 10-year visa is an attraction for new foreign residents with an easy and comfortable environment in the UAE.
Benefits of the UAE Golden Visa
The UAE golden visa program provides these perks to the people investing in the Gulf region’s marvel during 2024.
- Extended visa validity for 5 or 10 years
- Self-sponsorship
- Fully owned business in UAE mainland
- Opportunity to sponsor your family
- Permission to exit and enter UAE multiple times
- Staying outside the UAE does not invalidate the golden residence
- In case of a Golden visa holder’s death, the family members are allowed to stay in UAE as long as they have residence permits
Eligibility criteria for the UAE Golden Visa
Now, we come to the point of which persons are eligible for the UAE Golden Visa.
- Entrepreneurs and investors
- Inventors and extraordinarily talented individuals
- Skilled professionals and scientists
- Graduates and outstanding students
- Charity founders and front-line leads
How to apply for the UAE Golden Visa?
Next, you need to know the process to apply for a UAE golden visa. There are two ways to apply for the golden visa. In both ways, you have several steps to follow.
- Steps to apply for a UAE golden visa in person
- Steps to apply for the UAE Golden Visa online
Moving forward, we take a look on these methods and the steps required for them.
Steps to apply for a UAE golden visa in person
The first way is to visit the GDFRA (General Directorate of Residency and Foreigners Affairs) offices. Eligible candidates can apply for a UAE golden visa using the following manual steps there.
Step 1: Visit one of the service offices of the GDFRA centres.
Step 2: Select the category for Investment and fulfill the application form.
Step 3: Submit the mandatory documents to the facilitating officer.
Step 4: Pay the fee charges for the visa service.
Step 5: Submit your application form.
Steps to apply for the UAE Golden Visa online
The other way is to get through UAE online visa services for foreigners. People meeting the eligibility requirements can apply for the UAE Golden Visa by logging into the ICA official website. Or they can use the online application system of GDRFA.
Here are the series of steps for online application submission for the UAE Golden Visa in 2024.
Step 1: Install the GDRFA-Dubai application through the verified smart stores. Apple store or Play store.
Step 2: Register a new user account (in case of no user account).
Step 3: Now choose your service category. At this step, you are required to choose the category that best describes your reason to stay in UAE.
Step 4: You are required to attach the required documents asked in the application form.
STEP 5: Deposit the fee in any mentioned bank and attach the deposited fee slip along with documents.
STEP 6: Submit the application request and the process is good to go.
To get the candidate updated with the visa approval process, the online system will send notifications as well as text messages. Online applicants will receive emails or text messages to update them on the status of their applications. They also get informed in case there is some missing document that needs to be submitted within 30 days.
Conclusion
People want to make their stay in UAE as successful as possible. Also, they seek to set and grow their business in the mainland or free zones of Dubai. For this purpose, they can consult professional business consulting specialists.
UAE golden visa is one opportunity that they can count on. Our team of consultants will find for you the best possible options in terms of the work categories. While helping you in documentation, they will deliver you the finest way out to get the golden visa in UAE.
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