UAE Golden Visa explained: Who is eligible to apply and what students, entrepreneurs should know? 

Mohan Lal, Mammootty, Sanjay Dutt, Dulquer Salmaan, Sania Mirza... the list of eminent personalities who have received the UAE Golden Visa in recent times seems endless. Ever wondered what is the fuss all about? TNIE breaks down the residence visa system into 9 points covering all vital aspects including conditions, expiry, eligibility and more.
WHAT IS A 'GOLDEN VISA'?  In 2019, the UAE implemented a new system for long-term residence visas. The new system enables foreigners to live, work and study in the UAE.
WHAT IS A 'GOLDEN VISA'? In 2019, the UAE implemented a new system for long-term residence visas. The new system enables foreigners to live, work and study in the UAE.
Updated on
2 min read
WHY IS GOLDEN VISA IMPORTANT? The Golden Visas are revolutionary as they allow foreign citizens to live, work and study in the UAE with 100% business ownership. Holders of the visa are excused from requiring a national sponsor as well.
WHY IS GOLDEN VISA IMPORTANT? The Golden Visas are revolutionary as they allow foreign citizens to live, work and study in the UAE with 100% business ownership. Holders of the visa are excused from requiring a national sponsor as well.
DO THEY EXPIRE? Golden Visas will be issued for 5 or 10 years and will be renewed automatically.
DO THEY EXPIRE? Golden Visas will be issued for 5 or 10 years and will be renewed automatically.
WHO ALL CAN APPLY FOR A GOLDEN VISA? According to a UAE Cabinet Resolution, the following groups of individuals are eligible to receive the Golden Visa. Investors, entrepreneurs, specialized talents and researchers in various fields of science and knowledge and bright students with promising scientific capabilities.
WHO ALL CAN APPLY FOR A GOLDEN VISA? According to a UAE Cabinet Resolution, the following groups of individuals are eligible to receive the Golden Visa. Investors, entrepreneurs, specialized talents and researchers in various fields of science and knowledge and bright students with promising scientific capabilities.
WHAT ARE THE TERMS & CONDITIONS? For the 10-year visa, people having no less than AED 10 million worth of public investment can apply. The investment amount is fixed at AED 5 million for the 5-year visa. The Emirates also demand that the amount invested must not be loaned and should be retained for at least three years.
WHAT ARE THE TERMS & CONDITIONS? For the 10-year visa, people having no less than AED 10 million worth of public investment can apply. The investment amount is fixed at AED 5 million for the 5-year visa. The Emirates also demand that the amount invested must not be loaned and should be retained for at least three years.
WHAT SHOULD ENTREPRENEURS KNOW ABOUT GOLDEN VISA? Those having an existing project with a minimum capital of AED 500,000 (Rs 1,02,09,463) or those who have the approval of an accredited business incubator in the country are includedeligible. Apart from family, they can also bring in a partner and three executives.
WHAT SHOULD ENTREPRENEURS KNOW ABOUT GOLDEN VISA? Those having an existing project with a minimum capital of AED 500,000 (Rs 1,02,09,463) or those who have the approval of an accredited business incubator in the country are includedeligible. Apart from family, they can also bring in a partner and three executives.
HOW ARE STUDENTS ELIGIBLE FOR GOLDEN VISA? 'Outstanding students' who can apply for Golden Visa include those with a minimum grade of 95%  in public and private secondary schools and university students within and outside the country having a distinction GPA of at least 3.75 upon graduation.
HOW ARE STUDENTS ELIGIBLE FOR GOLDEN VISA? 'Outstanding students' who can apply for Golden Visa include those with a minimum grade of 95%  in public and private secondary schools and university students within and outside the country having a distinction GPA of at least 3.75 upon graduation.
DO GOLDEN VISAS COVER FAMILIES? Yes. Long-term visa cover families including that of the outstanding students.
DO GOLDEN VISAS COVER FAMILIES? Yes. Long-term visa cover families including that of the outstanding students.
HOW DO SO MANY INDIAN FILM STARS GET GOLDEN VISAS? Movie actors fall under the 'Persons with specialised talents' category. Creative individuals in culture can be alloted the visa if they get accredited by Ministry of Culture and Youth.
HOW DO SO MANY INDIAN FILM STARS GET GOLDEN VISAS? Movie actors fall under the 'Persons with specialised talents' category. Creative individuals in culture can be alloted the visa if they get accredited by Ministry of Culture and Youth.
WHERE & HOW TO APPLY FOR A GOLDEN VISA? The Federal Authority for Identity and citizenship (ICA) is to be reached for any inquiries regarding visas. The office can be reached at the toll free number 600522222. The General Directorate of Residency and Foreigners Affairs (GDRFA) is to be reached for offline assistance.
WHERE & HOW TO APPLY FOR A GOLDEN VISA? The Federal Authority for Identity and citizenship (ICA) is to be reached for any inquiries regarding visas. The office can be reached at the toll free number 600522222. The General Directorate of Residency and Foreigners Affairs (GDRFA) is to be reached for offline assistance.

Related Stories

No stories found.

X
The New Indian Express
www.newindianexpress.com