Urgent.. Announcing 7 exclusive benefits provided by “Golden Residency” to its holders

Abdallah Shahin - | UAE

According to a digital government report, the golden visa offers extended residency to specific groups of foreigners who are now living in or planning to move to the Emirates. It allows them to reside, work, invest, and study without requiring a guarantor or host, while also providing exclusive advantages. Visa categories encompass those who fall under the categories of investors, entrepreneurs, and geniuses. Talents, scholars, specialists, top students and graduates, pioneers of humanitarian activity, and the vanguard of defense.

The report stated that the UAE government implemented the Golden Residency Program to offer long-term residency permits, allowing individuals to live in the nation without requiring a local sponsor. The duration of the golden residency is either 5 or 10 years, depending on the category.

The digital government has identified seven distinct advantages that are available to holders of the Golden Residency. These include: a multiple-entry visa valid for 6 months to complete the Golden Residency procedures, the option to renew the residence visa for either 5 or 10 years, the ability for Golden Residency holders to stay outside the UAE for more than 6 months without any restrictions, and the absence of a requirement to... Residence permits can be issued to the family members of a foreigner, such as their spouse and children, thanks to the presence of a guarantor in the nation. There is no upper threshold for the number of support service workers that can be hired. Family members are allowed to stay in the country for the entire period of their residency if the breadwinner, who holds a golden residency, passes away.

According to the Digital Government report, the eligibility criteria for a golden residency visa vary depending on the applicant's classification as an investor, talent, or entrepreneur.

Investors in a public investment fund can qualify for a 10-year golden residence visa without a guarantor. To be eligible, they must provide a letter from an approved investment fund confirming a deposit of 2 million dirhams. Additionally, they need to present a valid commercial or industrial license with the company's articles of incorporation, demonstrating a capital investment of at least 2 million dirhams. Furthermore, they must provide a letter from the Federal Tax Authority confirming their ownership or partnership in a tax-paying establishment, with an annual tax contribution of no less than 250 thousand dirhams.

In addition, he must possess complete ownership of the capital, ensuring that it is not acquired through a loan. Submit evidence of health insurance coverage for yourself and any dependents.

Property owners have the opportunity to acquire a golden residence visa that is valid for 5 years. This visa can be renewed without the need for a guarantor, as long as the requirements are met.

An individual who is an entrepreneur and owns an economically innovative enterprise of a technical or futuristic type, which involves risks and innovation, can acquire a 5-year golden resident visa.

Individuals possessing exceptional skills and expertise are eligible to acquire golden residency. This group encompasses medical professionals, scientists, individuals involved in cultural and artistic endeavors, innovators, high-ranking executives, specialists in crucial scientific domains, athletes, individuals holding doctoral degrees, and other individuals with unique areas of specialization.

Eligible categories encompass professionals specializing in engineering and science, exceptional pupils, high school students, UAE university students, overseas university students, humanitarian trailblazers, and frontline workers.

Gold Residency offers a unique and convenient service called "One Touch".

The digital government has announced the debut of a comprehensive "one-touch"golden residency service. This service aims to simplify the process of submitting and renewing golden residency requests for consumers, while also saving their time and effort.

She explained that the comprehensive service for obtaining golden residency aims to minimize distances and streamline the process through integrated packages. These packages include completing the application for golden residency candidacy, obtaining a visa, resolving any outstanding issues, and obtaining residency and identity cards. Additionally, the service offers the convenience of renewing these documents in a single step.

To get the service, you can utilize the website of the Federal Authority for Identity, Citizenship, Customs and Port Security, or its smart application available on the Google Store or Apple Store to submit your application.

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Abdallah Shahin
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