UAE Golden Visa – Corpin Consultancy

In UAE, the first golden visa program was implemented in the year 2019. Ever since the country has granted this visa to 100,000 entrepreneurs, medical professionals, and individuals with special talents. In this article, we will explain in detail about the golden visa, its perks and eligibility criteria.

What is UAE Golden Visa Program?
UAE is one of the promising countries that offers the best career opportunities for skilled professionals and growing investment opportunities for investors. However, many talented and competent expats in the UAE often face a major inconvenience, ie. the short validity of visas. Due to this reason, they are supposed to repeatedly perform the same procedure wasting time and efforts.

To combat this issue, the UAE government has introduced the Golden Visa, a long-term residency visa scheme that ensures that the eligible candidates can live in the country without worrying about the validity of their visas. This long-term residence visa allows residency for five or ten years instead of the standard two-year residence visa. The 10-year visa is provided to investors, doctors, programmers, and individuals with unique talents, whereas the 5-year visa is offered to entrepreneurs, real estate investors and outstanding students.

Perks of having a UAE Golden Visa
A visa holder can work or study in the UAE.
This visa does not require a sponsor.
The visa holder can stay outside the UAE for more than six months and the visa will be still valid.
A visa holder can sponsor his or her family member.
The visa will be renewed automatically if all necessary conditions are met.
Golden Visa for Investors
Eligibility Requirements
Must have investments with a minimum value of AED 2 million in the form of a company, a business partnership or a fund.
Purchased a property with a loan from a specified national bank
The investor must have full ownership of the invested amount.
Must maintain the investment for at least three years.
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