The UAE Golden Visa programme has caused quite a stir among expatriate groups with aspirations of obtaining long-term residency in the United Arab Emirates. The Golden Visa, which is focused on entrepreneurs, investors, scientists, outstanding students, graduates, humanitarian pioneers and frontline heroes, has further strengthened the country’s position as a hub for the exceptionally talented and foresighted.
What is the Golden Visa?
Under the UAE’s Golden Visa programme, bright and talented foreign nationals across multiple industries, sectors, and disciplines can live, work, and study in the country for up to ten years. This renewable golden residence programme is only available to a select group of people, including investors and those with stellar aptitude and potential in their fields.
Latest News and Rules about the Visa
Golden visa holders can now also sponsor their parents on a 10-year residency. Before this change, holders of the visas could only apply to sponsor their parents for a one-year visa. This new development came into effect recently and is part of the expanded Golden Visa scheme.
Furthermore, the deposit needed previously to sponsor parents is not required any more for Golden Visa holders. The only documentation needed to prove they are the parents’ sole caregivers is a certification from their respective consulates. Changes to this visa system will make it easier for foreign nationals to reside in the UAE without needing a local sponsor.
Advantages of the Golden Visa
Here are some of the major benefits of the Golden Visa;
– It enables applicants to enjoy a multiple-entry visa for six months when their long-term residency is still under process.
– Golden Visa is also self-sponsored and allows recipients to stay outside the UAE for as long as they wish without having their residency revoked.
– The Golden Visa is a renewable residence visa which is good for 10 years and enables its holder the ability to sponsor any number of family members, including spouses and children regardless of their age, and domestic helpers.
Conclusion
Acquiring a Golden Visa is a great investment in your future. It can allow you to make the most of a top-rated global business destination and enjoy a world-class standard of living. The Golden Visa also enables recipients to sponsor family members and fully use the business and investment opportunities available in the fast-growing Middle Eastern country.