The United Arab Emirates (UAE) recently decided to issue a 10-year golden visa to professionals that will include engineers, physicians, Ph.Ds. who are from UAE accredited universities who have scored Grade Point Average or GPA of 3.8 and above. The motive behind issuing this visa is to retain ‘talented people and great minds’ in the country.
The golden visa was introduced in 2019 as a long-term residency program by Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai. After its launch, more than 400 investors, businessmen and some of their family members have been granted the visa.
The reason for introducing the golden visa was to project the UAE as a destination for business investment and encourage business development in the region. The visa was introduced to recognize residents who have been here for the long-term and their contribution to their country’s development.
The golden visa is a means to recognize their contribution and to thank them with a log-term visa that is valid for ten years and can be renewed.
Five categories of non-residents can apply for the golden card, these include entrepreneurs, chief executives, investors, meritorious students and scientists.
They must fulfil at least one of the following conditions:
Apart from this, the following conditions must be fulfilled:
REQUIREMENTS FOR ENTREPRENEURS:
ELIGIBILITY CONDITIONS FOR CHIEF EXECUTIVES:
As for the criteria for inventors, they must have a patent that should be of value to UAE’s economy and should have the approval of the patent from the ministry of economy.
Apart from this, the program includes art and culture specialists who must be approved by the Ministry of Culture and Knowledge Development in the UAE.