UAE Government: Conditions for applying for approval and obtaining golden residency for foreign residents

Abdallah Shahin - | Business

Golden residency is another category of long-term residency visas in the United Arab Emirates issued by Cabinet Resolution No. (8) 2021 regarding the organization of golden residency permits by the Federal Authority for Identity and Citizenship. It includes a residency visa in the country for a period of five years or ten years, depending on the category.

The golden residence visa aims to attract investors, entrepreneurs, scientists, specialized talents, and brilliant students to enhance the local economy, support diversification and knowledge-based economic growth, develop innovative and technological business incubators, and attract exceptional minds and talents to be permanent partners in the country's development process.

What are the conditions for applying for approval and obtaining the golden residency?

The golden residency system entitles individuals to obtain residency for 10 years, which enhances the attractive environment for business growth and success.

(investor in public investments) The conditions for issuing a visa include the following:

1. You have the idea of ​​legally establishing an investment project in one of the Emirates. 2. Bring a letter from an approved investment fund in the country stating that there is a deposit of 2 million dirhams 3. Or bring a valid commercial or industrial license with the company’s articles of incorporation to the investor so that the capital is not less than 2 million dirhams. 4. Or to be a partner in the company’s capital of at least 2 million dirhams, or to bring a letter from the Federal Tax Authority stating that he is the owner of a company that pays the government no less than 250 thousand dirhams annually 5. Or bring a letter from the Federal Tax Authority stating that he is a partner in an establishment that pays tax to the government and that his contribution to the tax is not less than 250 thousand dirhams annually.

(Investor in real estate) The conditions for issuing the visa include the following:

Bring a letter from the Real Estate Registration Department in the competent emirate stating that he is the owner of one or more real estate whose value is not less than 2 million dirhams, indicating that the real estate is not subject to a loan. Proof of residence in the country (house ownership or house lease contract).

(Entrepreneurs) The conditions for issuing a visa include the following:

1. Bring a letter from an auditor in the country stating that the value of the project is not less than 500,000 dirhams (the project owner). 2. Bring a letter from the competent authorities in the Emirate stating that the project is of a technical or future nature in which leadership is achieved (the project owner) 3. Bring a letter from an accredited business incubator or the competent authority in the Emirate stating that the project is pioneering and of a technical or future nature (project founder) 4. A copy of a valid passport. 5. Health insurance of at least one year and extendable 6. Proof of residence in the country (house ownership/house lease contract). 7. This type of application is submitted for (entrepreneurs according to the procedures referred to above, except for the emirates (Abu Dhabi and Dubai). Submission is done through the business incubator in the approved platform Abu Dhabi (HUB71) Dubai platform (Dubai Future Foundation) “Area 2071”.

Talented:

Include the following professions (doctors/scientists/innovators of culture and science/inventors/executive managers/specialists in priority scientific fields/athletes/holders of doctoral degrees/specialists in the fields of engineering and science, and include the following specialties «epidemiology and viruses / artificial intelligence / big data/the computer, electronics, software, electrical, genetic, and biotechnology engineering”), whose owner is granted a renewable 10-year residence permit without a sponsor, and the benefits of the visa include their family members (husband/wife/children).

(Those with talent) The conditions for issuing a visa for each type include the following:

1. People with talent (doctors and scientists)

Bring a letter approved by the Ministry of Health in the country to practice the medical profession (doctors). Bring a letter of recommendation from the Emirates Council of Scholars or a letter from the Secretariat of the Sheikh Mohammed bin Rashid Al Maktoum Award for Scientific Excellence stating that he holds the Medal of Scientific Excellence (Scientists) passport copy. Health insurance of at least one year and extendable.

2. Creators of culture, art, and inventors

Bring a letter approved by the Department of Culture and Arts in the relevant emirate. (people of culture and art) Bring a letter of recommendation from the Ministry of Economy (inventors)passpo . Health insurance of at least one year and extendable.

3. Executives

Bring a certified copy of the university certificate. Bring an experience certificate of not less than 5 years. Bring a salary certificate of not less than 50 thousand dirhams. Bring a valid employmencontractac t.passpoy . Health insurance of at least one year and extendable.

4. Specialists in priority scientific fields and athletes

Bring a specialized certificate in one of the rare fields determined by the competent authorities in the country. (Priority scientific fields). Bring a letter of recommendation from the General Sports Authority or one of the sports councils (athletes). passport copy Health insurance of at least one year, extendable.

5. Ph.D. holders and specialists in the fields of engineering and science

Bring a copy of the doctoral certificate certified by the Ministry of Education in one of the priority disciplines (Ph.D. certificates). Bring a certified copy of the university degree from the Ministry of Education in one of the disciplines mentioned above (engineering and science fields). Bring a work contractwithprofessionaln in one of the above-mentioned disciplines (fields of engineering and science) passport copy Health insurance for at least one year, extendable.

6. For brilliant students

Conditions for issuing a visa for each type include the following:


Brilliant students (high school student)


Bring a letter of recommendation from the Ministry of Education.
The duration of the golden residence permit is (5) years for a high school student without the need for a guarantor inside the country, and it may be extended by the authority if he is enrolled in one of the majors /majors/colleges countries that requires a study period of more than (5) years (such as medical colleges)
The parents of the student and his siblings who are dependent on his father are also granted a residence permit for the same period if they reside in the country.

Brilliant Students (University Student)

Bring a letter of recommendation from the university indicating that his cumulative average is not less than (3.8).
The duration of the golden residence permit is (10) years, and the student’s parents and siblings who are dependent on his father are granted a residence permit for the same period if they reside in the country.
The Authority may grant the applicant's spouse and children a residence permit for the same period if the applicant has the solvency or the ability to support them and provide them with housing in the country.

About Author

Abdallah Shahin
Abdallah Shahin
690 Total posts


Read Also

Business
Abu Dhabi launches massive $6bn Arabian Hills project on Dubai to Al Ain road

The Arabian Hills Real Estate Development Company proudly unveils its flagship project, the Arabian Hills Estate, marking a significant milestone in the realm of real estate development in Abu Dhabi.

Business
Urgent UAE: Implementing the “noon work ban” starting mid-June

The Ministry of Human Resources and Emiratisation has declared the implementation of a prohibition on working outdoors in direct sunlight and open areas. This ban will be in effect from June 15th until September 15th, between the hours of 12:30 PM...

Business
UAE: 5 potential risks of “remote” work

The UAE Government Cybersecurity Council emphasized the significance of safeguarding the remote work environment, highlighting the potential hazards that users may encounter on their devices. It emphasized the need to deploy robust security measures...

Business
A statement from Sheikh Mohammed bin Rashid regarding work in the private sector

It is His Majesty In the United Arab Emirates, Sheikh Mohammed bin Rashid Al Maktoum, who holds the positions of Vice President, Prime Minister, and Ruler of Dubai, assessed the outcomes of the Emiratization plan implemented in the private sector....

Business
Future Jobs in Emirates: The labor market is a criterion for choosing a field of study

Academic advisors have verified that the labor market has experienced significant transformations in recent years, profoundly impacting university majors. These changes have redirected students' focus towards emerging majors that were previously...

Business
Dubai Police announces 150 vacancies

By announcing the availability of 150 job opportunities for national and reserve service recruits, the Dubai Police General Command is providing these individuals with the opportunity to become part of an innovative and advanced police work...

Business
UAE jobs: Emirates hotels provide 4,000 new jobs

The best hotels in the Emirates provide employment opportunities for thousands of job seekers. job seekers in the uae hotels

Business
Dubai: A company made 16 of its workers millionaires in their honor

In Dubai, a company has made sixteen of its employees millionaires in their honor.

Business
Dubai Court: Worker compensation of 500 thousand UAE dirhams

The Dubai Civil Court has issued a ruling that mandates a restaurant and two of its supervisors to provide a sum of 500,000 dirhams to a worker who sustained a wrist-level amputation as a result of their right hand slipping into a meat-mincing...

Business
What happens after applying for a work permit in Canada?

Prior to coming to Canada, it is necessary to submit an application for a work permit. Foreign workers who wish to apply for a visa while located outside of Canada will be required to submit their application to a visa office situated outside of...

Business
UAE: the details of the 10-year golden commercial license for expatriates

The United Arab Emirates has announced a golden commercial license for expatriates that is valid for ten years.

Business
UAE: Important statement to citizens and residents when purchasing from sales outlets

Abdullah Sultan Al Fan Al Shamsi, the Assistant Undersecretary of the Ministry of Economy for the Commercial Control and Governance Sector, emphasized the importance of consumers retaining purchase invoices. This is crucial as these invoices serve as...

Business
Dubai: A fine of 100,000 dirhams will be imposed on the establishment owner who violates the labor law

The Dubai Court of First Instance issued a second ruling against the establishment owner for violating the Emiratisation policy in the "Nafes" program. The owner was fined 100,000 dirhams for engaging in fraudulent Emiratisation practices....

Business
The UAE announces the details of reducing working hours in Ramadan for the public and private sectors

Workers in the private sector will have a two-hour break each day during the holy month of Ramadan, according to an announcement by the country's Ministry of Human Resources and Emiratisation.

Business
UAE: Banks warn against closing credit cards in this case

Banks in the country will close credit cards with balances exceeding the allowed credit limit starting May 1st, as per new terms and conditions sent to customers, a copy of which was obtained by Emirates Today.

Business
UAE: Announcing an increase in gasoline and diesel prices starting in March

The Fuel Prices Monitoring Committee has authorized a rise in gasoline and diesel prices for March 2024, with an increase ranging from 15 to 16 fils per liter for gasoline and 17 fils per liter for diesel compared to February 2024 pricing.

Business
Bitcoin price reaches $60,000 and is approaching its highest level

The price of Bitcoin is close to reaching its highest price, as it is currently at $60,000

Business
UAE: Announcing job opportunities with salaries from 5,000 to 20,000 dirhams

The portal "Kaddar", linked to the Human Resources Department in Ajman, provided job opportunities for citizens in various government and private sectors in the emirate. The Majid Al-Futtaim Group announced 15 job openings with wages...

Business
Canada announces lucrative job opportunities that do not require a certificate

Canada announced that there are many good jobs that can be accessed without a university degree, and these are some of them:

Business
Urgent UAE: Categories excluded from the provisions of the “New Pensions Law”

The General Pensions and Social Security Authority stated that Decree Law No. (57) of 2023 applies to citizens entering the workforce for the first time starting from October 31, 2023, with any employer in the federal government or local...

Business
Urgent UAE: The employer will be fined from 50 thousand dirhams to 200 thousand dirhams in this case

The Ministry of Human Resources and Emiratisation has cautioned private sector businesses and employers not to hire persons without valid work permits from the Ministry, even for trial employment, whether in businesses or as support staff.

Business
Abu Dhabi: Ruling that a female employee is entitled to compensation amounting to 120 thousand dirhams

The Abu Dhabi Family, Civil and Administrative Claims Court mandated a corporation to pay an employee 120,000 dirhams for breaching an employment contract where she was supposed to work for a salary of 37,000 dirhams. After the company requested...

Business
Dubai announces good news after reaching its highest level in 10 years

Dubai recently shared positive news regarding the Dubai Financial Market Index, which reached its highest point in over a decade at the close of trading two days ago. This increase was driven by strategic purchases of prominent stocks with robust...

Business
Dubai: fining the owner of the facility of 100 thousand dirhams

After finding the facility owner guilty of misusing a declaration of work for an unauthorized purpose, a first-degree court in Dubai fined him 100,000 dirhams.

Business
Gulf Air launches new Bahrain flights to Switzerland, Greece, Spain, UK, Italy

For the summer of 2024, Gulf Air will provide more flight routes from Bahrain to Switzerland, Greece, and Spain, giving tourists more alternatives for where to go on vacation.

Business
Work interviews: 7 errors prevent you from winning the offered job

One of the most crucial parts of recruiting is doing interviews; this is where a candidate can show the hiring manager all the great things about himself, including his experience, education, and personality traits. On the other hand, a lot of people...

Business
A statement of pensions on the rules of debt deduction from the pension or the end of service bonus

The General Authority for Pensions and Social Insurance has issued a circular to government and private sector work authorities, informing them about the regulations for deducting from pensions or end-of-service gratuities in accordance with Decree...

Business
Urgent UAE: Human Resources decision for private sector companies due to weather conditions

Companies in the private sector across the country were urged by the Ministry of Human Resources and Emiratisation to be flexible with their employees' schedules during the season of unpredictable weather.

The UAE warns of new job opportunities in return for paying a "recruitment commission"