What is golden residency – and what are the conditions for obtaining it?

04 May What is golden residency – and what are the conditions for obtaining it?

The main objective of the golden visa

The golden residence visa in the United Arab Emirates aims to attract independent entrepreneurs in order to enhance the local economy, support diversification and economic growth, and attract exceptional minds and talents to be permanent partners in the development process in the country. This step will enhance the position of the UAE as a global incubator for innovation and talent.

How do you apply for a visa?

Those interested in obtaining a golden visa can apply through the website of the Federal Authority for Identity and Citizenship on the Internet (Residency and Citizenship Electronic Channel) or the Ministry’s General Administration of Residence and Foreigners Affairs (GDRFA). Candidates must provide the required documents and be willing to relocate to the UAE to pursue their commercial endeavours. If you encounter any obstacles while applying for a visa, Contact us, we will be happy to assist you.

Who are the people eligible for the visa?

The 10-year visa applicant must have a minimum of £10 million in public investments, Either within an investment fund or within a company. In addition, 60% of the total investment should not be in the form of real estate. In addition to not having to borrow the invested amount, The investor also has to assume full ownership of the assets and real estate. The investor must also be able to hold the money for at least three years. This 10-year visa can be extended to business partners if each partner pays a total of £10m. The holder’s spouse and children are entitled to and also to one executive director and consultant, Obtaining a long-term visa.

In addition to entrepreneurs, People with specialized talents can also apply for the visa.

As for the conditions and requirements related to the entry visa for a period of five years, they are almost the same as for investors. Except that the required investment amount is set at £5 million.

Outstanding high school and university students can also apply for a five-year residence visa.

Exceptional high school and university students are entitled to a five-year residence visa in the UAE. However, high school students must score first in the country (minimum 95%) and some college students must score 3.75% or higher upon graduation to be eligible for golden residency.

For more information or to get help when applying , contact the Etqan team , and we will be ready to help you obtain the golden residency easily

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