Salary Requirements for Golden Visa UAE 2024
The UAE has established itself as an inclusive and welcoming destination, with nearly 90% of its population comprising foreign nationals. Historically, long-term planning in the UAE was challenging due to residence visas being linked to employment and requiring frequent renewals. However, recent reforms have transformed the landscape, making it easier for foreign nationals to secure long-term or permanent residency in the UAE.
One significant initiative driving this change is the UAE Golden Visa program. This program allows eligible individuals to live in the UAE long-term without needing an employer or sponsor.
Exploring the Golden Visa
The UAE Golden Visa program is designed to attract and retain investors, entrepreneurs, and exceptional talent by offering long-term residency. Successful applicants enjoy numerous benefits, including:
- Freedom to live, work, and study in the UAE.
- The ability to sponsor family members for residency.
- A multiple-entry visa valid for six months upon issuance.
- A renewable visa valid for up to ten years.
- No need for a sponsor or continuous employment.
- The ability to reside outside the UAE for extended periods without losing residency.
- The ability to sponsor an unlimited number of domestic workers.
- Family members can maintain residency even if the primary visa holder passes away.
Advantages of the UAE Golden Visa
Extended Residency: The Golden Visa allows holders to reside in the UAE for up to ten years, providing stability and security for long-term planning.
Independence from Employment: The Golden Visa enables investors, entrepreneurs, and executives to establish a long-term presence in the UAE without relying on continued employment or a local partner.
Family Sponsorship: Golden Visa holders can sponsor their spouses, children, and sometimes parents, simplifying the process of family relocation.
Financial and Eligibility Criteria for the Golden Visa
The requirements for obtaining a UAE Golden Visa vary based on the applicant’s category:
- Public Investors: Must pay at least AED 250,000 in taxes and hold a valid commercial or industrial license.
- Real Estate Investors: Must own property worth at least AED 2 million.
- Entrepreneurs: Must own a project worth at least AED 500,000 and obtain approval from a business incubator.
- Executive Directors: Must have a monthly basic salary of AED 30,000, a bachelor’s degree from an accredited university, and at least five years of experience in their position.
Applying for the UAE Golden Visa
At Blackstone Business Consultancy, we ensure a seamless and efficient Golden Visa application process through these four steps:
- Initial Assessment: Our team will evaluate your circumstances to ensure eligibility for the Golden Visa.
- Category Selection: We will help you determine the most appropriate category for your application.
- Application Submission: We assist with the online application process and document submission.
- Visa Issuance: Upon approval, you can expect to receive your visa within seven to ten business days.
Blackstone Business Consultancy has extensive experience helping investors and professionals start new lives in the UAE. Our knowledgeable team understands the intricacies of the UAE’s business and immigration systems and provides comprehensive support throughout the Golden Visa application process. We are dedicated to helping you achieve your long-term residency goals and build a successful future in the UAE.
Take the first step towards your UAE Golden Visa today by contacting Blackstone Business Consultancy. Our experts are ready to assist you in navigating this opportunity with ease and confidence.
