As a world leader in innovation, infrastructure, and investment, the UAE is drawing in foreign talent and capital to rise to the top of several industries. The Golden Visa, a long-term residency option for professionals, entrepreneurs, and investors looking for stability and growth in a thriving global economy, was introduced by the government.
You have the ideal opportunity to guarantee a future in the United Arab Emirates with the Golden Visa. Let us get to know what exactly a golden visa is, who can apply, the prerequisites for applying, and how GPA Accounting may make the process easier.
What Is the UAE Golden Visa?
Thanks to the UAE Golden Visa, a long-term resident permit, foreigners may live, work, and study in the UAE without a local sponsor. With exceptional talent and knowledge brought in by the visa, which has a five- or ten-year validity period and is extendable, the government helps to reach its target of increasing economic growth. Among the groups the Golden Visa targets are investors, company owners, researchers, doctors, engineers, artists, and outstanding students. Apart from allowing visa holders to bring their family and enjoy the luxurious facilities and way of life the United Arab Emirates presents, it grants extended residence.
Who Is Eligible for the UAE Golden Visa?
Being a non-UAE national, being at least eighteen years old, having a clean criminal background, being medically healthy, having health insurance, and demonstrating a genuine source of income or investment are all requirements for qualifying for the UAE Golden Visa. Highly qualified professionals, such as PhD holders and skilled experts in healthcare, technology, and science, can also qualify, provided they submit relevant credentials and documentation.
Required Documents for the Golden Visa Application
A valid passport, professional credentials, educational certificates, investment papers, results of medical fitness tests, health insurance certificates, police clearance certificates, and translated and notarised paperwork are all required for the Golden Visa application. Depending on the type of application, more documentation can be needed.
Step-by-Step Process to Apply for the UAE Golden Visa
The application process, while straightforward, must be followed with precision:
- Determine Eligibility: Determine your category (investor, skilled professional, etc.) and make sure your credentials or financials fit the requirements.
- Collect Documentation: Get all the necessary paperwork ready beforehand. Make arrangements for notarisation and translations if needed.
- Submit Your Application: Apply via a recognised business service provider like GPA Accounting or the UAE government portal.
- Pay the Required Fees: You can pay the application and processing costs online or at designated service locations.
- Medical and Biometric Testing: As part of the background checks, complete fingerprints and health screening.
- Receive Visa and Emirates ID: After being accepted, you will receive the Golden Visa and be able to apply for an Emirates ID. Usually, the procedure takes seven to thirty working days.
Benefits of Holding a UAE Golden Visa
Beyond only providing a residency permit, the UAE Golden Visa has several more advantages. It offers long-term stability, permits career and personal planning, and facilitates assimilation into the social and economic structure of the United Arab Emirates. Additionally, it offers tax-free income, family sponsorship, access to top-notch healthcare, freedom to work, live, or study anywhere in the United Arab Emirates, and the nation’s fast-growing IT, healthcare, fintech, and green technology sectors. Visa holders may also take advantage of unique discounts at over 7,000 brands in the UAE and 92 other countries, as well as multiple-entry privileges.
How GPA Accounting Can Assist with Your Golden Visa Application
Based in Dubai, GPA Accounting provides thorough assistance to people and companies wishing to apply for the UAE Golden Visa. To provide the best return on investment, they offer Golden Visa consultation, business setup, visa services, tax planning, company registration, real estate consulting, digital tool implementation, bank account creation, and loan support.
To find out more about obtaining a UAE Golden Visa and to begin your journey to living, working, and prospering in the UAE, get in touch with GPA Accounting right now.