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February 08, 2023

What Is the UAE Golden Visa? Your Complete Guide

Visas serve as identification and documentation issued by a government, allowing travelers to enter and stay in a foreign country. They determine the duration of stay, purpose, and number of entries for the holder.

So, how does the UAE Golden Visa differ from a standard visa? Why is it highly sought after? Continue reading our guide to explore what the UAE Golden Visa is, eligibility criteria, requirements, and how to apply.

An Overview of the UAE Golden Visa

According to the United Arab Emirates government portal, the Golden Residency Program, known as the UAE Golden Visa, was launched to grant foreigners long-term residency for five or ten years without the need for a sponsor.

This program allows investors, entrepreneurs, skilled professionals, and exceptional talents to work, study, and live in the UAE, with various benefits during their stay. Eligibility criteria depend on the applicant's category—investor, talent, entrepreneur, or skilled worker.

UAE Golden Visa Eligibility Criteria

Before applying for a UAE Golden Visa, you must ensure that you meet the eligibility requirements. You may qualify under one of the following categories:

1. Investor in a Public Investment Fund

Investing in an accredited investment fund grants eligibility for a 10-year Golden Visa. Requirements include:

  • Deposit of at least AED 2 million (verified by an accredited letter from the investment fund).
  • Capital of no less than AED 2 million (proven by a valid commercial or industrial license and memorandum of association).
  • Annual government tax payment of at least AED 250,000, verified by a Federal Tax Authority letter.
  • Full ownership of the invested capital (must not be a loan).
  • Medical insurance for the applicant and family members.

2. Real Estate Investor

Owning property makes investors eligible for a 5-year renewable Golden Visa. Updated UAE Golden Visa requirements for real estate investors include:

  • Owning one or more properties valued at a minimum of AED 2 million.
  • Mortgaged properties are eligible, but require an NOC from the bank.
  • Off-plan properties are eligible, provided:
    • The project is at least 50% completed.
    • The applicant has paid at least 50% of the total property value upfront.
  • Shared ownership (e.g., between spouses) is eligible, as long as the applicant’s share is at least AED 2 million.

3. Entrepreneur

Entrepreneurs can obtain a 5-year Golden Visa if they meet the following requirements:

  • A UAE auditor letter confirming that the project’s value is at least AED 500,000.
  • An approval letter from Abu Dhabi authorities confirming the project is technical or future-focused.
  • A business incubator endorsement to establish the project in the UAE.

4. Outstanding Specialised Talent

The UAE Golden Visa for specialised talents applies to:

  • Doctors
  • Scientists
  • Artists & cultural creatives
  • Inventors
  • Executives
  • Scientific & engineering specialists
  • Athletes
  • Doctorate degree holders

Each category has specific requirements that applicants must meet. Successful applicants receive a 10-year residency visa.

Golden Visa Application Process

The application process is fully online, allowing applicants to choose their category, submit required documents, and track progress.

Steps to Apply:


1. Select the correct category that best fits your eligibility (investment, real estate, entrepreneurship, etc.).

2. Gather the required legal documents, including:

  • Valid passport (must be valid for at least six months beyond intended stay).
  • Proof of investment (for real estate investors, property ownership documents, and bank NOCs if applicable).
  • Financial records, including bank statements and payment receipts.
  • Medical insurance proof.

3. Access the UAE Golden Visa application portal, fill out the required details, and upload the necessary documents.

4. Pay the visa fee (varies by category and applicant location).

5. Await processing (typically 30 days for approval and further instructions).

 

The UAE Golden Visa and Aldar

To qualify for a UAE real estate Golden Visa, investors must own property worth at least AED 2 million. This includes ready, off-plan, and mortgaged properties, provided they meet the latest regulations.

As a leading real estate developer in Abu Dhabi, Aldar offers luxury residential properties that meet Golden Visa investment criteria. Our environmentally friendly developments, high-end amenities, and strategic locations make investing in Aldar properties an ideal option for securing a long-term UAE residency.

Gain eligibility for a UAE Golden Visa by investing with Aldar—your gateway to a secure and thriving future in Abu Dhabi.