Golden residency in the Emirates
Golden residency in the Emirates is considered a distinctive approach in attracting international competencies and talents that the country has adopted years ago, as it provides benefits and facilities related to their residence on its lands, with the aim of encouraging them to stay and produce in a sustainable manner, which benefits the individual and society alike, and contributes to enhancing economic growth and achieving... Future goals set by the wise leaders of the country.
This article explains the instructions regarding types of visas and residency, including golden residency in the Emirates and the conditions for obtaining golden residency and its benefits, in addition to an explanation of the application mechanism and other relevant details, will be reviewed in this article.
Table of Contents
What is golden residency in the Emirates?
Golden residency in the UAE represents a distinct category within the classification of long-term residence visas in the country, and is issued according to the “UAE Golden Visa Card” system and this card grants its holder residency in the country for a period of five or ten years, depending on the category to which he belongs
This update comes within the framework of the government’s efforts to attract talent and promote sustainable development, while emphasizing the UAE’s commitment to providing investment opportunities and sustainable residence for residents.
Golden residency gives individuals the opportunity to reside, work and study in the country without the need for a sponsor of Emirati nationality, in addition to enjoying full ownership of their business, as it is worth noting that the residency is renewed automatically provided that the applicant meets the conditions and requirements specified for obtaining it.
Who is eligible to obtain golden residency?
The official website of the UAE government announced the categories of individuals who are entitled to apply for golden residency, which are:
- Investors in public investments.
- Real estate investors.
- Entrepreneurs.
- Talented people.
- Inventors.
- Artists and intellectuals.
- Executive Directors.
- Athletes.
- First line workers
- Successful students
Benefits of obtaining golden residency
A 6-month multiple-entry visa provides the opportunity to complete the procedures for obtaining golden residency, while the residence visa itself extends for a period of up to five or ten years, and can be renewed later and this system allows golden residency holders to stay outside the Emirates for more than six months without the need for a sponsor inside the country, as it also allows for the issuance of residence permits for family members, including spouses and children.
The Golden Residency also features the absence of a maximum limit on the number of support workers, and the possibility of family members remaining in the country after the death of the Golden Residency holder and this category enjoys the absence of income tax, in addition to the ease of doing and establishing businesses and the system also allows residents to benefit from education opportunities available in schools and universities.
How can I apply for golden residency in the Emirates?
You can follow the following steps to apply for golden residency in the UAE:
- You can fill out the electronic application through the “Tamm Government” website or any other approved government websites.
- After submitting the application, it will be reviewed by the competent authorities, after which a notification of the result of the application will be sent via text message or email.
- Eligible persons must upload the required documents and papers and submit them with the application and the Federal Authority for Identity and Citizenship will review the submitted documents to ensure that all required conditions are met.
If all conditions and requirements are met, the applicant will be issued a golden residency for a period of 5 or 10 years, according to the conditions and standards specified for each category.
How much does it cost to obtain golden residency in the Emirates?
In general, the golden residency in the Emirates is considered one of the most financially expensive residencies, as its cost ranges between 2800-3800 AED for residents of the country and 3800-4800 AED for expatriates from outside the Emirates.
Here we have reached the conclusion of our article in which we talked about golden residency in the Emirates, how it can be obtained, who is eligible to obtain this residency, and how much does it cost to issue this residency?
Related articles:
The best investment areas in Dubai
Information about real estate prices in Dubai
A comprehensive guide for investors looking for Dubai real estate
Conditions for purchasing a property in Dubai for foreigners
