UAE Government had introduced a new Visa System for Long Term Residence in 2019 to promote entrepreneurship, education, and long term knowledge creation.
Aimed at inviting more entrepreneurs, global investors, and specialized talents from abroad and provide an opportunity for UAE based ex-pats to support more actively to the UAE economy, the UAE Government has broadened the eligibility criteria for specialist talents to secure long term residence visa in UAE.
Under the Long term (Gold Visa) Visa norms foreign investors, entrepreneurs, students, and professionals are eligible to apply for a 10-year residence visa and settle in UAE without the need of a national sponsor.
For the global Investor, it is 100% ownership of their business on the UAE mainland and an extended stay in UAE with family.
Under the Long Term residence visa scheme in UAE the Visas will be issued for a 5 year and 10-year period and renewed automatically.
This category is tailor-made for high-net investors in the UAE. The criteria to be eligible for the 10-year visa is a minimum investment of AED 10 million.
Also, there are few guidelines to be followed as to how the investment must be distributed, those are as follows:
Further things to note about the nature of investment:
Specialized professions and Talents are eligible for a 10-year visa. There is a wide range of professions that is eligible for the long-term visa.
Researchers in the field of science and knowledge such as doctors, specialists, engineers with specific know-how of electronics, computer science, artificial intelligence, big data, etc.; also talents from the creative, culture, and art sector too are invited for long term visas in UAE.
Here is the List of Professions Eligible for the 10-year Long Term Visa based on the latest update from the UAE Government.
5-Year Long Term Visa is another category introduced along with the 10-year long term visa, there are certain categories and criteria to be met to issue the 5-year visa to the individual by the UAE Government, those are the following:
The Investor must fulfill the following condition while investing in a property in UAE to qualify for the 5-year long term Residence visa.
The long term residence visa also includes the family, a partner, and three executives. For applying for the Visa and setting up the project in UAE, the entrepreneur is issued a 6 months’ multiple entry visa that can be converted to a long-term visa.
The Five-year visa cost as low as AED 650 and the ten-year visa for AED 1,150. There will also medical insurance and Emirates ID issuance fees as an add-on to this.
The Long term visas will be renewed every 5 years or 10 years according to the type. The criteria must be met during the renewals to continue the long term visa status.
The UAE Government will take every case specifically during the renewal stage and assess and decide accordingly.
Aurion Business Consultants has well-experienced Professional Consultants and PRO Service Agents to assist you with the end-to-end UAE long Term Residence Visa Processing. From Application Preparation to Visa Stamping and beyond, Aurion will be with you assuring you have a hassle-free visa processing experience.
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