Hundreds of thousands of UAE residents have been awarded a golden visa since the scheme was first introduced in 2019.
The 10-year residency permits are given to people who have made an outstanding contribution to the country, have highly prized skills or work in key industries that are crucial to economic growth.
In Dubai, the General Directorate of Residency and Foreigners Affairs said in November that more than 150,000 golden visas were issued in the emirate.
Golden visas have been granted to a variety of people, including outstanding pupils and students who earned top marks in their final-year exams and health workers who served on the front line during the Covid-19 pandemic.
Numerous global celebrities and stalwarts of the business community have also been awarded golden visas.
The process involved in applying for a golden visa is different from applying for a normal residency permit. The National explains how.
What are golden visas?
Golden visas are designed to enable foreigners to live, work and study in the UAE without the need for a national sponsor and with 100 per cent ownership of their business on the UAE mainland.
These visas are issued for 10 years and as long as the recipient continues to meet the conditions of the visa, they can renew for a further decade when it is due to expire.
Normal expatriate workers must renew their visas every two to three years.
Golden visas are different to Emirati citizenship, which can be granted only to people nominated by the government or royal court officials.
Who can get a golden visa?
Golden visas can be granted to investors, entrepreneurs, people with special talents, researchers in various fields of science and knowledge, and bright students with promising scientific capabilities.
Sometimes people are nominated for golden visas by senior Emiratis or government bodies, and in other circumstances, people apply online.
People investing Dh1 million to Dh2 million in property also have several options.
If a person is awarded a golden visa, then their spouse and children can also apply.
How do the authorities decide who is eligible for a golden visa?
The following categories of people are entitled to apply for a 10-year residence visa in the UAE.
1. People with public investments of at least Dh10 million. The investment may take many forms, such as:
- A deposit of at least Dh10m in an investment fund inside the country
- Establishing a company in the UAE with a capital of not less than Dh10m
- Partnering in an existing or new company with a share value of not less than Dh10m
- Having a total investment of not less than Dh10m in all areas mentioned, on condition that the investment in sectors other than real estate is not less than 60 per cent of the total investment.
The golden visa includes the spouse and children of the holder, as well as one executive director and one adviser. It can also be extended to include business partners, on the condition that each partner contributes Dh10m.
2. People with special talents
This includes people in the fields of science and knowledge, such as doctors, specialists, scientists and inventors, as well as creative people in the fields of culture and art.
If you hold a doctorate or a patent, you are eligible, but there are other conditions regarding how the specialised talents are defined, as outlined on the UAE's government portal.
All categories of applicants are also required to have a valid employment contract in a specialised field of priority in the UAE.
How do you apply for a golden visa?
Applicants need to register their interest on the UAE's Federal Authority for Identity and Citizenship (ICA) website.
There is a special area for golden visa services.
If you are from one of the eligible categories but have not yet been nominated, then you should apply via the box labelled "Visa - Golden Visa - Nomination Request For Golden Residence - New Request".
There is an online form which requests your personal details, plus the category under which you believe you can be nominated.
You will also need your Unified Identification Number (UID) - a six-digit number automatically assigned to anyone who enters the UAE.
Dubai's General Directorate of Residency and Foreigners Affairs has also set up a new team to handle applications for golden visas and other important people.
Called "You are Special", the service can be accessed 24-7 online or by calling 800 5111.
How do exceptional pupils or graduates apply?
The Golden Residency is granted to outstanding pupils who have obtained an average rate of at least 95 per cent in the high school certificate from public or private schools; and to university students from inside or outside the country who have a cumulative GPA of no less than 3.75, or its equivalent in specific scientific disciplines.
The visa includes the students' families.
Applications for Golden Residency are submitted through the Emirates Schools Establishment.
How long does the nomination process take?
Within 30 days you will receive an email notifying you of the outcome of your application to be nominated.
Once your nomination has been approved, you will receive an emailed link to upload the required documents for the visa.
Within weeks of uploading your documents, your application will be verified by the Federal Authority for Identity and Citizenship, and you will receive your visa.
If you are currently residing within the UAE, you will be given a temporary one-month visa and will be required to convert your temporary visa into a residency permit during this period.
What if I am applying from outside the UAE?
If you currently live outside of the UAE, you will be given a six-month visa to enter the country, explore its opportunities, and settle.
To apply for this multi-entry visa, you need to fill in an online form. There is one for investors, and one for entrepreneurs and outstanding students. It costs Dh1,150.
The six-month visa for talented people is only single entry.
During this period, you will be required to convert your temporary visa into a residency permit.
Does my golden visa qualify me to work in the UAE?
To work in the UAE, you need to have a valid employment contract, work permit or a licence.
However, the UAE's Ministry of Human Resources and Emiratisation has started to issue work permits for golden residency holders.
These are required by those who were unemployed when they received their golden visa and wish to start working for a specific employer, and by those who plan to start a new job with a new employer.
Need more help?
The Federal Authority for Identity and citizenship (ICA) has a toll-free number, 600 522222, and a feedback platform.
A version of this story was first published on April 19, 2022, written by Georgia Tolley.
Stars who received UAE's golden visa – in pictures
Turkish Ladies
Various artists, Sony Music Turkey
Citizenship-by-investment programmes
United Kingdom
The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).
All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.
The Caribbean
Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport.
Portugal
The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.
“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.
Greece
The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.
Spain
The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.
Cyprus
Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.
Malta
The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.
The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.
Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.
Egypt
A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.
Source: Citizenship Invest and Aqua Properties
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20myZoi%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Syed%20Ali%2C%20Christian%20Buchholz%2C%20Shanawaz%20Rouf%2C%20Arsalan%20Siddiqui%2C%20Nabid%20Hassan%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2037%3Cbr%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20Initial%20undisclosed%20funding%20from%20SC%20Ventures%3B%20second%20round%20of%20funding%20totalling%20%2414%20million%20from%20a%20consortium%20of%20SBI%2C%20a%20Japanese%20VC%20firm%2C%20and%20SC%20Venture%3C%2Fp%3E%0A
Central%20Bank's%20push%20for%20a%20robust%20financial%20infrastructure
%3Cul%3E%0A%3Cli%3ECBDC%20real-value%20pilot%20held%20with%20three%20partner%20institutions%26nbsp%3B%3C%2Fli%3E%0A%3Cli%3EPreparing%20buy%20now%2C%20pay%20later%20regulations%26nbsp%3B%3C%2Fli%3E%0A%3Cli%3EPreparing%20for%20the%202023%20launch%20of%20the%20domestic%20card%20initiative%26nbsp%3B%3C%2Fli%3E%0A%3Cli%3EPhase%20one%20of%20the%20Financial%20Infrastructure%20Transformation%20(FiT)%20completed%3C%2Fli%3E%0A%3C%2Ful%3E%0A
How Filipinos in the UAE invest
A recent survey of 10,000 Filipino expatriates in the UAE found that 82 per cent have plans to invest, primarily in property. This is significantly higher than the 2014 poll showing only two out of 10 Filipinos planned to invest.
Fifty-five percent said they plan to invest in property, according to the poll conducted by the New Perspective Media Group, organiser of the Philippine Property and Investment Exhibition. Acquiring a franchised business or starting up a small business was preferred by 25 per cent and 15 per cent said they will invest in mutual funds. The rest said they are keen to invest in insurance (3 per cent) and gold (2 per cent).
Of the 5,500 respondents who preferred property as their primary investment, 54 per cent said they plan to make the purchase within the next year. Manila was the top location, preferred by 53 per cent.
SOUTH%20KOREA%20SQUAD
%3Cp%3E%0D%3Cstrong%3EGoalkeepers%3A%20%3C%2Fstrong%3EKim%20Seung-gyu%2C%20Jo%20Hyeon-woo%2C%20Song%20Bum-keun%0D%3Cbr%3E%3Cstrong%3EDefenders%3A%20%3C%2Fstrong%3EKim%20Young-gwon%2C%20Kim%20Min-jae%2C%20Jung%20Seung-hyun%2C%20Kim%20Ju-sung%2C%20Kim%20Ji-soo%2C%20Seol%20Young-woo%2C%20Kim%20Tae-hwan%2C%20Lee%20Ki-je%2C%20Kim%20Jin-su%0D%3Cbr%3E%3Cstrong%3EMidfielders%3A%20%3C%2Fstrong%3EPark%20Yong-woo%2C%20Hwang%20In-beom%2C%20Hong%20Hyun-seok%2C%20Lee%20Soon-min%2C%20Lee%20Jae-sung%2C%20Lee%20Kang-in%2C%20Son%20Heung-min%20(captain)%2C%20Jeong%20Woo-yeong%2C%20Moon%20Seon-min%2C%20Park%20Jin-seob%2C%20Yang%20Hyun-jun%0D%3Cbr%3E%3Cstrong%3EStrikers%3A%20%3C%2Fstrong%3EHwang%20Hee-chan%2C%20Cho%20Gue-sung%2C%20Oh%20Hyeon-gyu%3C%2Fp%3E%0A
Specs – Taycan 4S
Engine: Electric
Transmission: 2-speed auto
Power: 571bhp
Torque: 650Nm
Price: Dh431,800
Specs – Panamera
Engine: 3-litre V6 with 100kW electric motor
Transmission: 2-speed auto
Power: 455bhp
Torque: 700Nm
Price: from Dh431,800
Dengue%20fever%20symptoms
%3Cul%3E%0A%3Cli%3EHigh%20fever%3C%2Fli%3E%0A%3Cli%3EIntense%20pain%20behind%20your%20eyes%3C%2Fli%3E%0A%3Cli%3ESevere%20headache%3C%2Fli%3E%0A%3Cli%3EMuscle%20and%20joint%20pains%3C%2Fli%3E%0A%3Cli%3ENausea%3C%2Fli%3E%0A%3Cli%3EVomiting%3C%2Fli%3E%0A%3Cli%3ESwollen%20glands%3C%2Fli%3E%0A%3Cli%3ERash%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3EIf%20symptoms%20occur%2C%20they%20usually%20last%20for%20two-seven%20days%3C%2Fp%3E%0A
Ticket prices
General admission Dh295 (under-three free)
Buy a four-person Family & Friends ticket and pay for only three tickets, so the fourth family member is free
Buy tickets at: wbworldabudhabi.com/en/tickets
Tips to keep your car cool
- Place a sun reflector in your windshield when not driving
- Park in shaded or covered areas
- Add tint to windows
- Wrap your car to change the exterior colour
- Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
- Avoid leather interiors as these absorb more heat
COMPANY PROFILE
Name: Cofe
Year started: 2018
Based: UAE
Employees: 80-100
Amount raised: $13m
Investors: KISP ventures, Cedar Mundi, Towell Holding International, Takamul Capital, Dividend Gate Capital, Nizar AlNusif Sons Holding, Arab Investment Company and Al Imtiaz Investment Group
The specs
Engine: 3.6 V6
Transmission: 8-speed auto
Power: 295bhp
Torque: 353Nm
Price: Dh155,000
On sale: now
UAE currency: the story behind the money in your pockets
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5