14 Aug

All about long-term UAE Golden and Green visas –  Eligibility and requirements

The UAE has long been a hub for international talents and investors, attracting professionals and entrepreneurs alike. Over the decades, millions of these individuals have chosen to call this vibrant country home and reside here with their families due to its live, work and play environment offering a high quality of life.

Recognising the potential that such a diverse expat population brings to the UAE’s continued economic growth and development, and also to encourage talent and investment, the government introduced specialised long-term residency visa programmes, known as the Golden and Green visas.

In this blog, we will go into the details of the green visa uae eligibility and the requirements for these two remarkable visa programmes, providing a comprehensive guide for those aspiring to secure longer residency in the UAE.

UAE 10-year Golden Visa

A desirable option for investors and specialists, the 10-year Golden Visa is a shining opportunity for long-term residency. Listed below are the specifics of this visa based on three distinct categories.

Key benefits of Golden Visa

The UAE’s long-term residency programme comes with a world of benefits of green visa UAE that Golden Visa holders can enjoy:

  a) 10 years of stress-free residency in the country and the chance to renew the visa
  b) The same benefits can be extended to family members, including your spouse and children, without any age limitation
  c) Extended stay outside the UAE: There is no limit on how long you can be outside the UAE to keep your visa active. With this visa, you can stay outside the UAE for more than six months, unlike other visa holders.

1. Golden Visa for investors

Eligibility criteria
Investors need to meet at least one of the following criteria:

● A fixed deposit of AED 2 million in investment funds
● A shared capital of AED 2 million
● An annual tax payment of AED 250K

Requirements
Applicants must provide one of the following:

● Proof of deposit in investment funds: A letter from the bank addressed to the Federal Authority for Identity, Citizenship, Customs and Port Security confirming the deposit value.
● Proof of capital investment of AED 2 million, along with past 6 months’ bank statements from both personal and corporate accounts.
● Proof of tax payment: A letter from the Federal Tax Authority addressed to ICP confirming the total tax payment.

2. Golden Visa for real estate investors

Eligibility criteria
To qualify, investors should own one or more real estate properties with a minimum value of AED 2 million, free of any mortgages.

Requirement
A letter from the Real Estate Registration Department addressed to the Federal Authority for Identity, Citizenship, Customs and Port Security confirming the property value serves as the necessary proof.

3. Golden visa for specialists

Eligibility criteria
This category specifically targets skilled professionals.

Requirements
● A minimum salary of AED 30,000 or equivalent
● A copy of the attested employment contract
● An attested copy of an academic qualification degree, minimum bachelor’s degree
● Bank statements from the past 6 months of the personal account

UAE 5-Year Green Visa

The 5-Year Green Visa is another exciting avenue for investors and employees seeking extended residency. Let’s decode its green visa UAE eligibility and requirements.

1. Green Visa for investors

Eligibility criteria
This visa is available for investors with a share capital investment of at least AED 1 million in a company.

Requirement
Applicants must provide one of the following:

● Proof of capital investment of AED 1 million. If the investor or partner has more than one licence, the total invested capital will be calculated.
● Past six months’ bank statements from both personal and corporate accounts.

2. Green Visa for employees

Eligibility criteria
This visa targets skilled professionals with a minimum monthly salary of AED 15,000.

Requirements
● An attested copy of an academic qualification degree
● Confirmation of holding a bachelor’s degree or its equivalent
● Bank statements from the past six months of the personal account

Apply with RAKEZ

Apply now for your UAE Gold Visa or Green Visa through Ras Al Khaimah Economic Zone (RAKEZ) and go stress-free for 5-10 years.

Easy processing

If you meet the eligibility requirements, you can begin your visa application with us:

● Prepare the required documents and submit them to us
● We will do the needful in terms of submitting them to the relevant authorities for verification and further processing
● Pay the visa fees
● Complete your medical fitness test
● Receive your visa

For assistance with your application, whether you want to apply for visa UAE or the Green Visa, contact us via 800 RAKEZ (72539) customerservice@rakez.com

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Last Updated on 12/29/2019 9:23:05 PM

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