Identity and Nationality issues a decision to grant golden residency to these expatriates in the Emirates

The Identity and Citizenship Authority in the United Arab Emirates announced the possibility of obtaining golden residency for the category of outstanding investors and students, which enables them to stay for a long period in the country as well as giving them many other advantages.

Golden residency

The order to obtain golden residency in the United Arab Emirates is that residency that is granted to a distinct category under the classification of long-term visas in the Emirates, as it is issued in accordance with the “Emirates Golden Visa Card” system. This residency grants its holder many advantages, including residency for a period ranging between five Years and up to ten years to work or study without the need for a sponsor who holds Emirati citizenship. Moreover, it gives them full ownership of their business within a set of conditions that must be met by the applicant.

Benefits of golden residency in the UAE

The UAE government offers many benefits to individuals who hold golden residency in the UAE, which are as follows:

• Obtaining a multiple-entry visa for a period of six months that can be used until the procedures for obtaining golden residency are completed.

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• The golden residency period in the UAE extends to five years or ten years, renewable.

• The person obtaining this visa does not need to have a sponsor who holds Emirati citizenship.

• You can stay outside the country for a period exceeding 6 months.

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• The possibility of issuing residence permits for all family members of the golden residency holder, including the wife and children.

• There is no maximum limit on the number of domestic workers that can be recruited.

• The UAE government does not impose taxes on individuals with golden residency on their monthly income.

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• Benefit from all educational opportunities in schools and universities.

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Conditions for obtaining golden residency in the Emirates

The UAE government has clarified that there are a set of conditions that must be met to obtain golden residency in the UAE, which are as follows:

• Providing proof of the investor’s capital that he will trade in the investment.

• If the investor is a real estate investor, he must attach documents proving his ownership of housing in the Emirates, whether it is an ownership contract or a rental contract.

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• Full health insurance must also be provided for all family members and the dependent investor during their stay in the country.

• Passing the medical examination for both the investor and the family.

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How much does golden residency cost in Dubai?

The fee for issuing a golden residence permit in Dubai is approximately 2,280 AED, while the fee for obtaining an ID is 575 AED.

Golden residency for how many years?

The duration of golden residency in the UAE is five years or ten years, renewable.

What are the types of accommodation in Dubai?

There are many residency permits in the United Arab Emirates, including “golden residency, residency for work, residency for study, residency for establishing a business,” and other types.

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