Introduced in 2019, UAE Golden Visa emerged as a symbol of opportunity and prosperity in the region. With a remarkable surge in issuances, the program has attracted investors, entrepreneurs, scholars, and high-achieving students seeking long-term residency in UAE. Here’s a comprehensive guide to securing this visa without traditional employment.
Understanding the Golden Visa Program
The Golden Visa program offers its holders a wide range of benefits, including residence permits for family members, flexibility in sponsoring domestic workers, and the assurance of a valid visa regardless of time spent outside the UAE.
Eligibility Criteria for Non-Employed Applicants
The program caters to five main categories of non-employed individuals:
Property Buyers
Investors purchasing properties worth Dh2 million or more qualify for the Golden Visa. Notably, Dubai has recently abolished the Dh1 million down payment requirement, making the visa more accessible to property investors.
Cash Deposit
High-net-worth individuals can secure the Golden Visa by depositing Dh2 million in a local bank for two years. Several banks in the UAE facilitate this process and offer assistance to eligible individuals.
Entrepreneurs
Individuals owning or partnering in startups registered as SMEs, generating annual revenues of at least Dh1 million, or selling a project for at least Dh7 million qualify for the Golden Visa.
Scientists and Researchers
Candidates with significant achievements in various fields and advanced degrees from top universities are eligible for the Golden Visa based on recommendations from relevant authorities.
Outstanding Students
Based on academic performance and university ranking, high-performing students from UAE secondary schools, graduates from UAE universities, and students from the top 100 universities worldwide are eligible.
Application Process
To apply for UAE Golden Visa without employment:
- Determine your eligibility under one of the five categories.
- Gather necessary documents, including financial records, property deeds, academic certificates, and proof of professional achievements.
- Submit your application through the official UAE visa portal or authorized channels.
Conclusion
UAE Golden Visa presents an exceptional opportunity for long-term residency in UAE, especially for individuals without traditional employment. Whether you are an investor, entrepreneur, scholar, or student, this program offers a pathway to a prosperous future in UAE. With inclusive eligibility criteria and extensive benefits, the Golden Visa is a compelling option for diverse applicants, embodying the UAE’s commitment to innovation, growth, and inclusivity.
