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Dec 06, 2024 Law and Taxes 157

The United Arab Emirates (UAE) has introduced two innovative resident visas: the Golden Visa and Green Visa. The nation is attempting to attract international talent by implementing these visa schedules. Both visas provide many advantages and alternatives for long-term stay. Professionals, business owners, investors, and families can all benefit from its stability and opportunity.

In this article, you will read and get the details of these two visas, who are eligible for them, the advantages they offer, and the application process.

uae golden and green visas

What exactly is the Golden Visa?

Holders of the Golden Visa Dubai can live, work, and study in the UAE for ten years. The Golden Visa UAE golden was introduced in 2019 to recognize and commemorate outstanding individuals, investors, and entrepreneurs who have contributed to the growth and development of the UAE.

Roomers can establish an everyday life in the UAE and enjoy long-term security with this renewable visa.

Who is eligible to apply for a Golden Visa?

The Golden Visa is available to applicants in many categories and dubai golden visa requirements:

Those who invest substantially in UAE funds, companies, or real estate.
Usually, a minimum real estate investment of AED 2 million, or around $545,000, is needed.
Entrepreneurs are the creators or co-founders of new businesses, particularly those in high-growth or innovative industries.
Experts in digital technology, healthcare, the arts, and artificial intelligence.
Those whose accomplishments have garnered them great reputations or international recognition.
Those engaged in innovative scientific studies, particularly in vital fields like space technology, renewable energy, and medicine.
Getting a recommendation from scientific institutions in the UAE might be necessary.
Students who excel in UAE high schools or universities with international recognition.
High-achieving pupils who have a GPA of at least 3.8 or above.

The UAE Golden Visa's Benefits

Extended Residency: The visa is renewable and has a ten-year validity period.
No Local Sponsor Required: You are not bound by an employer to sponsor yourself.
Benefits for the family: husbands, kids, and occasionally even parents may be included. Traveling is made easy by the UAE's unlimited entry and exit.
Business Freedom: The ability to own and run companies in the United Arab Emirates.
Public Service Access: Simpler access to financial, educational, and medical services.

What exactly is a Green visa?

The Green Visa UAE is intended to give businesses, skilled workers, and independent contractors more flexible residency choices. Unlike the conventional employment visa, the Green Visa lessens reliance on employers by enabling self-sponsorship. Usually, this visa allows for a renewable five-year stay.

Who Can Apply for the Green Visa?

The Green Visa is open to the following groups:

1. Skilled Workers:

Professionals with specialized skills in IT, engineering, education, and medicine.
A valid work contract and a high qualification level, such as a bachelor's degree, are often required.

2. Freelancers and Self-Employed Individuals:

People work independently in design, writing, technology, and consulting.
Must hold a freelance permit or evidence of freelance work in the UAE.

3. Entrepreneurs and Investors:

Small business owners or those investing in startups or projects within the UAE.
Proof of business registration or investment records is necessary.

The UAE Green Visa Benefits

Self-Sponsorship: Applicants can sponsor themselves without requiring a traditional employer.
Family Residency: The visa extends to first-degree relatives, including spouses, children, and sometimes parents.
Flexible Residency Terms: Five-year renewable terms allow for mobility and career changes.
Streamlined Process: Easier application and approval procedures compared to other visas.

How to Apply for the Golden and Green Visas?

Applications for both visas can be made through official UAE platforms, including:

Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP)
General Directorate of Residency and Foreigners Affairs (GDRFA)

Steps to Apply:

1. Check Eligibility:

Understand the requirements and ensure you meet the criteria for the specific visa type.

2. Prepare Required Documents:

Proof of investment, educational qualifications, employment contracts, or freelance permits.
Identification documents such as a passport.

3. Submit the Application:

Apply through online portals or service centers.

4. Pay the Fees:

Application fees vary depending on the visa type and category.

5. Await Approval:

The number of applicants and the type of visa determine how long the processing takes.

Why is the United Arab Emirates the Best?

The United Arab Emirates is one of the world's most inventive and vibrant countries. It offers a modern, secure, and business-friendly environment. It is a sought-after destination for professionals and homeowners.
The UAE provides its citizens with a high living level through its vibrant cities, first-rate healthcare, and first-rate education.
The Dubai Golden Visas and Green Visas are examples of the UAE's dedication.
It encourages an inclusive and progressive society and welcomes talent worldwide.

Conclusion

The UAE Golden Visa and UAE Green Visa programs have changed the UAE's residency options. It offers long-term stability and possibilities for skilled employees, entrepreneurs, and investors. Whether you want to start a business or increase your career, you can also confirm a bright future for your family, and these visas are the perfect way to reach your UAE goals.

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