The UAE government offers golden visas to eligible real estate investors, entrepreneurs, and outstanding specialized talents. This visa offers long-term residency, providing numerous benefits for individuals to live, work, and study in the UAE.
This article discusses five ways to be eligible for a 10-year residency visa in the UAE in 2024.
Top 5 Categories Eligible for UAE Golden Visa 2024
Here are the top five categories eligible for this coveted visa:
Eligible Professionals
Working professionals earning more than AED 30k monthly salary are eligible for the golden visa. The eligible sectors are healthcare, media, IT, and other industries. This category is designed to attract skilled individuals who contribute significantly to the UAE’s economy and society.
Property Buyers
Residents and foreign investors can apply for UAE’s Golden Visa if they purchase property worth AED 2 million. This includes both off-plan and existing properties. Thus, under this scheme, foreign investors can also get an opportunity to invest in the world’s most dynamic real estate market.
Entrepreneurs
Founders who own or partner in a startup registered in the UAE and generate annual revenues of at least AED 1 million are eligible for the Golden Visa. Additionally, founders of previous ventures sold for AED 7 million or more can apply, provided they obtain approval from the Ministry of Economy or relevant local authorities.
High Net Worth Individuals
High-net-worth individuals can qualify for the Golden Visa by depositing Dh2 million in a local bank for two years. Many UAE banks offer tailored services to assist applicants with this process, making it an accessible option for wealthy individuals seeking residency.
Outstanding Individuals
- Scientists and researchers with significant achievements and influence in their fields can obtain the Golden Visa upon recommendation from the Emirates Scientists Council. Candidates must hold a PhD or Master’s Degree in technology, engineering, natural sciences, or life sciences from top global universities and have a record of substantial research achievements.
- High-performing students in UAE secondary schools and outstanding graduates from UAE universities are eligible for the golden visa. This category also includes graduates from the top 100 universities worldwide. Criteria include academic performance, graduation year, and the university’s global ranking.
How to Get UAE Golden Visa Residency?
Applying for the UAE Golden Visa is straightforward, especially with the assistance many real estate developers provide. Here’s a step-by-step guide:
- Visit the nearest golden visa residency service centre.
- Dubai World Trade Centre, Central 1 – Office No. 2, Ground Floor, Office No. 21
- Taskeen Residency at Cube-AL Manara Center
- Submit the required documents and pay the fees:
- Passport
- Proof of eligibility (title deed, salary certificate, trade certificate, or PhD certificate, etc)
- Personal photo
- UAE ID (if available)
- Copy of current residence permit (if applicable)
- Undergo a medical examination at the centre.
- Receive your permit via email.
Conclusion
Thus, if you are eligible under one of these categories, you can enjoy a long-term residency in one of the most vibrant countries in the Middle East while also enjoying world-class healthcare and education facilities.
