The Latest UAE Visa Amendments Explained By Marea
New visa rules launched in the UAE on October 3, 2022, making long-term permits to stay in the country, including the 10-year Golden Residence Visa and 5-year Green Residence Visa, more accessible for expats and tourists. The prices mentioned in the article are current as of the date of publication.
Introducing On October 3, 2022 new visa rules were launched in the UAE, which means that getting a long-time permit to stay in Dubai and the whole UAE has just become a lot more accessible to foreigners. New regulations were revealed on April 18, 2022 by the UAE Cabinet, led by Sheikh Mohammed bin Rashid Al Maktoum, the UAE Vice President, Prime Minister, and Ruler of Dubai. As of October, obtaining a 10-year Golden Residence Visa and 5-year Green Residence Visa has become a lot easier for professionals and talented individuals, investors, innovators, outstanding graduates and students, as well as entrepreneurs and startup owners. Due to the new changes, children can be sponsored by holders of Golden & Green Visas until the age of 25, whereas before the maximum possible age was 18. Unmarried daughters can be sponsored without any age limits. Children of determination are given a residence permit without any regard to their age. The real estate managers of Metropolitan Premium Properties do not assist in obtaining visas except for investor visas. However, we are always ready to provide you with the most up-to-date information regarding the latest modifications and regulations, as well as helping you in choosing a property corresponding to your needs, if you are wishing to move to Dubai.
Golden Residence UAE Visa The Golden Residence Visa programme started in 2019. This type of visa allows foreigners to live in the UAE without any limits, as well as work and study without the need of a local sponsor. Moreover, it allows them to open a business in the country and be its 100% owner. These new regulations allow more people to apply for a 10-year Golden Visa. For instance, the original holder of the visa can sponsor his/her family members, such as their spouse and children, as well as support any home staff without any limits. In the unfortunate case that he/she dies, family members will be able to stay in the UAE until the end of their visa. Another important change is that now foreigners needn’t worry about losing their Golden Visa status, as the maximum possible duration of stay outside the UAE for a period of six months to keep the visa valid has been removed. One of the most popular ways to get the 10-year Golden Visa is to become a real estate investor. Being the owner of a ready-to-move property with a cost starting from AED 2M (USD 545K) provides you with an opportunity to obtain a 10-year Golden Visa, which will be prolonged if you continue as the owner of the property
Among other categories of individuals who have the right to apply for the Golden Visa are scientists and researchers with important achievements in their field, highly skilled professionals, top talents in fields such as culture, art, sports, and digital technology, as well as inventors, innovators, humanitarian pioneers and frontline heroes. Graduates from the top-100 universities from across the world, as well as UAE universities and outstanding students of the Emirati secondary schools can also be given a 10-year Golden Visa. Entrepreneurs and startup owners who are a partner or an owner of a startup in the UAE, corresponding to small or medium sized enterprises, which generate a revenue from AED 1M (USD 272K) per year, whose startup idea is approved by an official business incubator or the Ministry of Economy, or who are a founder or a founding partner of a previous project, which was sold from AED 7M (USD 1.9M) can also be given a Golden Visa.
New Off-Plan Properties for Sale in Dubai
Top Areas in Dubai to Buy Property
Dubai’s Property Videos
Popular Searches in 2023
- Developersin Dubai