The UAE Golden Visa is a popular choice for expats who want to live in the country long-term. With benefits like up to 10 years of residency, it offers stability and security. However, one important thing to keep in mind is the salary requirement, which might change in 2024.
If you’re planning to apply, it’s important to know the updated salary criteria for 2024 to meet the eligibility requirements.
What is Golden Visa in UAE
The UAE Golden Visa is a long-term residency program that offers individuals and their families a range of exclusive benefits. These include extended residency for up to 10 years, multiple-entry visas, and the flexibility to sponsor dependents, making it an attractive option for those seeking stability in the UAE.
The program is tailored to attract skilled professionals, investors, entrepreneurs, and exceptional talents in various fields. By providing a pathway to secure and hassle-free living, the Golden Visa aims to enhance the UAE’s position as a global hub for talent and innovation. Whether you’re looking to grow your business, advance your career, or contribute your unique skills, the Golden Visa opens doors to countless opportunities in one of the world’s most dynamic economies.
For expert guidance and support, Golden Visa consultants in Dubai can help streamline your application process and ensure you meet all the necessary requirements.
Eligibility Criteria for the UAE Golden Visa
The Golden Visa eligibility requirements depend on the applicant’s category. Here are the key criteria:
- Employment
Professionals working in sectors like healthcare, education, technology, or research may qualify, provided they meet specific salary thresholds. - Investment
Investors who commit a certain amount to real estate, businesses, or government bonds are eligible for the Golden Visa. - Entrepreneurship
Entrepreneurs who launch a new business in the UAE with a minimum capital investment can apply for the visa. - Exceptional Talent
Individuals with outstanding achievements in arts, culture, sports, science, or other fields may qualify based on their unique contributions. - Family Sponsorship
The Golden Visa extends to the family members of the main applicant, ensuring stability for loved ones.
Each category has unique requirements, so it’s important to understand the specifics for your situation.
Salary requirements for Golden Visa UAE in 2024
The eligibility criteria for the UAE Golden Visa have undergone significant updates for 2024, particularly regarding salary requirements. Here’s what you need to know:
Salary Requirement for Professionals
- The focus has shifted from the total compensation package (including allowances) to the basic monthly salary.
- To qualify for the prestigious 10-year Golden Visa, professionals must have a minimum basic salary of AED 30,000 (approximately USD 8,200).
- Additional benefits like housing or transportation allowances no longer count towards meeting this threshold.
- Even if your total package exceeds AED 30,000, you won’t qualify unless your basic salary alone meets the requirement.
This change targets highly skilled professionals, especially those in managerial roles or specialized fields, aligning with the UAE’s goal to attract top-tier talent for economic and social growth.
Requirements for Investors
- Investors must present a letter from the UAE Federal Tax Authority (FTA) confirming they pay at least AED 250,000 (USD 68,000) annually in taxes.
- For real estate investors, a minimum investment of AED 2 million is required. Higher thresholds apply to other types of investments.
Entrepreneur Eligibility
- Entrepreneurs must own innovative projects that contribute significantly to the UAE economy.
- The business must be registered in the UAE and have a minimum valuation of AED 500,000.
Exceptional Talents
- Individuals with outstanding achievements in fields such as arts, culture, sports, or sciences can qualify without needing to meet specific financial criteria. Eligibility is based on their unique contributions and accomplishments.
The updated 2024 criteria aim to attract individuals who can bring substantial value to the UAE while offering a pathway to long-term residency for high achievers and innovators.
Documents Needed for the UAE Golden Visa
The documents required for a UAE Golden Visa vary based on the applicant’s eligibility category—whether you are a professional, investor, entrepreneur, or individual with exceptional talent. However, here is a general list of commonly required documents:
- Valid Passport
- A passport with at least six months of validity.
- Recent Photographs
- Passport-sized photos that meet UAE visa application standards.
- Medical Fitness Certificate
- A certificate confirming good health, typically issued after a medical examination.
- No Objection Certificate (NOC)
- A letter from your current employer, sponsor, or relevant authority confirming there are no objections to your application.
- Proof of Address
- Documents such as a utility bill or rental agreement verifying your UAE residence.
- Investment Documents (for investors)
- Property deeds, bank statements, or investment certificates showing the required financial contributions.
- Business Registration Documents (for entrepreneurs)
- Trade licenses, company registration certificates, or other documents proving ownership of a business registered in the UAE.
- Proof of Employment (for professionals)
- Employment contracts or salary certificates verifying your role and income level in eligible sectors.
- Certificates of Achievement (for exceptional talents)
- Awards, recognitions, or other documentation supporting your contributions in arts, culture, sports, science, or other fields.
- Tax Clearance Certificate (for investors paying UAE taxes)
- A document from the UAE Federal Tax Authority (FTA) indicating compliance with tax requirements.
It’s important to note that additional documents may be required based on the specific eligibility category. Ensuring your documentation is complete and accurate will streamline the application process for this prestigious residency program.
How to Apply for the UAE Golden Visa
Applying for the UAE Golden Visa involves a clear and structured process. Here’s a step-by-step guide:
- Check Your Eligibility
- Identify which category you fall into (e.g., employee, investor, entrepreneur, or exceptional talent) and ensure you meet the specific criteria.
- Prepare Your Documents
- Gather all the required documents, such as your passport, photographs, proof of eligibility, and any category-specific paperwork.
- Select Your Application Channel
- You can apply:
- Online through the UAE government’s official portal or smart app.
- In person at designated visa centers, such as Amer centers or Tasheel service centers.
- You can apply:
- Submit Your Application
- Complete the application form and upload or provide your documents. Pay the associated visa application fees during this step.
- Biometric Enrollment
- Attend a biometric appointment to submit fingerprints and other required data as part of the application process.
- Application Processing
- Wait for your application to be reviewed. Processing times vary depending on the category and completeness of the submitted documents.
- Decision Notification
- If your application is approved, you will receive your Golden Visa.
- In case of rejection, the notification will include reasons for denial, and you may be able to reapply after addressing the issues.
- Visa Issuance and Residency Formalities
- Once approved, you’ll receive your visa and need to complete residency procedures, such as obtaining an Emirates ID.
Take the Next Step!
Stay updated on UAE government portals and announcements, as eligibility criteria and application procedures can evolve. Consider seeking professional assistance to ensure a smooth application process, especially if your case involves complex documentation.
By meeting the required criteria and exploring your options, you can unlock the many advantages of the UAE Golden Visa. These include long-term residency, multiple-entry privileges, and the ability to sponsor your family members, ensuring a secure and stable future in the UAE.
At Klay Consultant, we are dedicated to supporting you every step of the way. Our expert team specializes in company formation and visa assistance, offering tailored guidance to help you meet the eligibility requirements. With our professional support, you can navigate the application process with ease and focus on enjoying the countless opportunities that come with living and working in Dubai.
