The UAE’s Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) has released a guideline detailing the criteria and the process to obtain the Golden visa without the intervention of a local sponsor The visa programme provides eligible individuals a long-term residency, allowing them to live with their families in the UAE without the need for a local sponsor. What is a golden visa? According to the UAE’s Federal Authority for Identity, Citizenship, Customs & Port Security, the golden visa is essentially a pathway to long-term residency in the country without the need for a local sponsor. Eligible candidates may apply for residency for a period of five to 10 years. The golden visa system allows residents, foreign expatriates and their families to move to the UAE to work, live and study, while enhancing the environment that supports business growth and success in the country. Who all can apply? Investor in public investment Real estate investors Entrepreneurs Outstanding Specialised Talents Doctors and scientists Creative people in the Fields of culture, art and innovation Executive Directors Specialists in the Fields of science and athletes Holders of doctoral degrees and specialists in the fields of engineering and science Outstanding Students What are the conditions and criteria for obtaining the Golden visa? The investors The applicants must have a business idea or business plan that they wish to legally establish in the UAE. A letter from an investment fund approved in the UAE stating that there is a deposit of 2 million dirhams or a valid commercial or industrial license with a company capital of at least AED 2 million. Invest as a partner with shares worth a minimum of AED 2 million, not financed through loans. Provide a letter from the Federal Tax Authority showing that their company pays the government no less than AED 250,000 annually. Real estate investor Real estate investors are eligible if they: Own properties worth at least AED 2 million, confirmed by the Real Estate Registration Department. Ensure the property is not subject to a loan. Provide proof of housing, such as a homeownership document or rental contract. Entrepreneurs Own a project valued at AED 500,000, verified by an auditor. Have a technical or innovative project approved by UAE authorities. Receive approval from an accredited UAE business incubator. Submit proof of housing and carry valid health insurance for at least one year. A valid Passport copy. A valid Health insurance Card is not less than one year and can be extended. Outstanding Specialised Talents The Golden Visa supports individuals with exceptional skills across fields such as medicine, engineering, arts, and sports. The requirements include: Approval Letter from the Ministry of Health in the country to practice the profession of medicine (doctors). Approval Letter from the Ministry of Health in the country to practice the profession of medicine (doctors). A valid passport copy. A valid health insurance. Outstanding Students Hold a recommendation letter from the Ministry of Education (high school students). Maintain a GPA of 3.8 or above (university students).
