Synergy has now launched a bespoke Golden Visa service that assists individuals, organisations, and families to obtain the much sought after 10-year visa.
Thousands of UAE residents have already received their prestigious long-term residency visas. The introduction of the long-term 10-year visa provides stability and allows expatriates to live, work, conduct business and study in the UAE without requiring a local sponsor.
If you would like assistance with applying or assessing your eligibility to obtain a Golden Visa, our bespoke Golden Visa Service will guide you through the application and issuance of the Golden Visa.
To learn more about our Golden Visa Service and if you are eligible to apply, contact one of our expert consultants who will be happy to assist you.
What is a Golden Visa?
In 2019, the UAE introduced a new system for long-term residence visas called Golden Visa’s. The new visa classification enables foreigners to live, work and study in the UAE without the need of a national sponsor and with 100 per cent ownership of their business on the UAE’s mainland. These visas will be issued for 5 or 10 years and will be renewed automatically.
What does the Golden Visa offer?
The Golden Visa system essentially offers long-term residency (5 and 10 years) to people belonging to the following groups: investors, entrepreneurs, individuals with outstanding talents the likes of researchers, medical professionals and those within the scientific and knowledge fields, and remarkable students.
The main benefit of the visa will be security as through the issuance of the Golden Visa, the UAE government has made it clear that they are committed to providing expatriates, investors and essentially everyone looking to make the UAE their home an extra reason to feel secure about their future.
Who is eligible to apply?
10-year visa eligibility requirements for investors
A deposit of at least AED (United Arab Emirates Dirham) 10 million worth of public investment, either in the form of an investment fund or a company
60% of the total investment must not be in the form of real estate.
The invested amount must not be loaned, or in the case of assets, investors must assume full ownership.
The investor must be able to retain the investment for a minimum of three years.
This 10-year long visa may be extended to include business partners, providing that each partner contributes AED 10 million. The long-term visa can also include the holder’s spouse and children and one executive director and one advisor. This visa may also be renewed.
For individuals with specialised talents
The category includes doctors, researchers, scientists, investors and artists. These individuals may be granted a 10-year visa following accreditations granted by their respective departments and fields. The visa also extends to their spouses and children.
Eligibility for a 5-year visa
The investor must invest in a property of a gross value of not less than AED 5 million.
The amount invested in real estate must not be on a loan basis.
The property must be retained for at least three years.
This category includes those having an existing project with a minimum capital of AED 500,000, or those who have the approval of an accredited business incubator in the country.
The entrepreneur is allowed a multi-entry visa for six months, renewable for another six months. The long-term visa includes the spouse and children, a partner and three executives.
* Outstanding students with a minimum grade of 95% in public and private secondary schools.
* University students within and outside the country having a distinction GPA of at least 3.75 upon graduation.or above or a GPA of 3.75. Their immediate families are also eligible for the ten-year residency.
In addition to the aforementioned, foreign nationals who are looking to set up their business in the UAE may also apply for permanent residency (5 years) through the Golden Business Visa scheme.
What are the conditions for people with specialised talents?
People in the aforementioned specialised talent group must fulfil certain criteria to be eligible to apply for residency. While scientists must be accredited by the Emirates Scientists Council or holders of the Mohammed Bin Rashid Medal for Scientific Excellence, creative individuals in culture and art must be accredited by the Ministry of Culture and Knowledge Development.
Besides these, exceptional talents must be documented by patents or scientific research published in a world-class journal. Doctors and specialists must meet at least two of the following conditions: a PhD degree from one of the top 500 universities in the world, an award or certificates of appreciation in the field of the applicant’s work, contribution to major scientific research in the respective field of work, published articles or scientific books in distinguished publications in the respective field of work, membership in an organisation related to the field, a PhD degree, in addition to 10 years of professional experience in his field of specialisation in areas of priority to the UAE.
How to apply for the Golden Visa?
If you’re interested in applying for the visa, you can do so through the Federal Authority for Identity and Citizenship eChannels portal. You can also apply through the General Directorate of Residency and Foreigners Affairs website. Application is possible through their mobile apps and offline channels, find more information here.
If you would like assistance with applying or assessing your eligibility to obtain a Golden Visa, our bespoke Golden Visa Service will guide you through the application and issuance of the Golden Visa. Simply click to contact us below for a free consultation.