Urgent UAE: Golden residency privileges have made them the highest in number in Dubai
The General Directorate of Residency and Foreigners Affairs in Dubai has recently reported a notable surge of 21% in the issuance of tourist visas during the initial six months of 2023.
This statement was made by the General Administration of Residency and Foreigners Affairs when they announced the initiation of a global conference aimed at developing rules for the future of ports.
Objective of the conference:
The primary objective of the international conference is to establish proactive strategies for enhancing port security and devising efficient travel protocols.
The Dubai Residency authority has reported a significant surge of 63% in the issuance of golden residency permits during the initial six months of the current year, in comparison to the corresponding period in the preceding year. Furthermore, there has been a notable rise of 52% in the number of golden residency permits granted in Dubai during the first half of this year, as compared to the same period in the year 2022. There was a notable rise of 21% in the number of tourist visas issued during the specified time frame, as compared to the corresponding period in the previous year.
What is golden residency:
The Golden Residency programme in the United Arab Emirates (UAE) is a distinct classification of long-term residence visas inside the Emirates Golden Visa Card system. This programme grants individuals a residence visa in the UAE for either a five-year or ten-year duration, contingent upon the specific category they fall under.
The approval of the golden card perpetual residency system was granted by His Highness. In 2019, Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, introduced a series of adjustments that encompassed several categories. Subsequently, on November 15, 2020, the Cabinet officially announced the implementation of significant modifications. The recent modifications to the golden residency programme have introduced more categories for those eligible for the ten-year golden residency status. These changes came into effect in December 2020. Furthermore, several recent choices have been made to streamline the golden residency system.
Advantages of permanent residency in the UAE:
The newly introduced changes encompass various benefits that are extended to eligible recipients, namely:
The residency status can be renewed for a period of 10 years.
The proposal to eliminate the requirement of non-absence from the country as a condition for maintaining golden residency
Terminating the recruitment of the maximum allowable number of support personnel.
A multiple entrance visa, which can be renewed for a duration of 6 months, is required for those who need to fulfil residency processes while being physically located outside of the nation.
The presence of a host or guarantor within the country is not a prerequisite.
In the circumstance of the demise of the primary visa holder possessing the golden residency, it is proposed that the family members be granted permission to continue their stay within the nation for the entirety of the residency's validity.
The issuance of residence permits for family members of a foreign national holding golden residency, which encompasses the husband and children, is a significant aspect of the immigration process.
The objective of the United Arab Emirates (UAE) Golden Visa
The UAE Golden Residency Visa, similar to other categories of visas and residency in the UAE, is designed with the objective of attracting self-reliant entrepreneurs and innovative company leaders. In order to bolster the regional economy, foster diversity and economic expansion, and recruit highly skilled individuals to become long-term contributors to the nation's development trajectory, it is imperative to undertake measures that will boost the UAE's standing as a worldwide hub for innovation and talent.
Benefits of golden residency for long periods of stay:
There exists no discernible distinction between the golden residence programme that was sanctioned in the year 2019 and the golden residency initiative implemented in the year 2020. The decision implemented on November 15, 2020 can be seen as an extension of the permanent residence system established in 2019. This decision introduced additional categories eligible to benefit from the Dubai golden residency system. The most recent decisions rendered in 2022 encompass a series of revisions with the objective of streamlining the conditions and broadening the scope of recipients.
The Emirates offer various categories via which individuals can earn golden residency:
The Golden Residency programme in the United Arab Emirates (UAE) has recently undergone significant updates, expanding its eligibility criteria to include various categories of individuals. These categories encompass investors, entrepreneurs, exceptional talents, scientists, and specialists. Additionally, the programme now extends to encompass students, graduates, humanitarians, and frontline defence personnel. Notably, the duration of the Golden Residency has been extended to a period of ten years.
The golden residency programme in the Emirates offers various advantages to its beneficiaries. Notably, a significant benefit is the removal of the obligation to remain present in the country to retain the golden residency status. Additionally, there is no longer a limit on the number of support workers that can be employed by golden residency holders. Moreover, family members of golden residency holders are entitled to special privileges, such as the ability to remain in the country throughout the duration of their residency even in the unfortunate event of the primary breadwinner's demise.