The UAE developed the Golden Visa to attract and retain investors and exceptionally talented professionals by granting long-term residency options to them.
Applicants meeting the UAE Golden Visa Eligibility Requirements can enjoy 10 years of residency that can be renewed upon expiry. The Golden Visa allows the holders to live, work and study in the UAE and can sponsor family members to do the same. The Golden Visa program offers all such benefits to foreigners without needing a sponsor.
However, professionals and investors must meet certain salary and other financial requirements to obtain a Golden Visa. If you want to relocate to UAE through the Golden Visa route, PRO service providers can advise you on the eligibility criteria and requirements.
This blog will help you learn more about the Salary & Financial Requirements to apply for a Golden Visa in 2024:
Salary and Financial Criteria for Golden Visa in 2024
The salary, investment and other financial requirements depend upon the category of Golden Visa.
Executive Directors: A minimum monthly basic salary requirement of AED 30,000 is mandatory for executive directors to get a Golden Visa. This salary doesn’t include additional allowances such as housing, transportation, or other benefits.
Public Investors: Public Investors are required to submit a letter from the UAE Federal Tax Authority (FTA) showing that they pay no less than AED 250,000 in tax to the government.
Real Estate Investors: Public Investors are eligible for the Golden Visa if they own property totalling at least AED 2 million.
Entrepreneurs: They need to own a technical or future-focused project worth at least AED 500,000 to be eligible for the UAE’s Golden Visa.
Benefits of Obtaining a Golden Visa from the UAE Government
- The UAE’s ‘Golden Visa’ offers the following exclusive benefits:
- An entry visa for six months with multiple entries
- A long-term, renewable residence visa valid for 10 years
- No requirement for a sponsor
- Ability to stay outside the UAE for more than the usual period of six months in order to keep their residence visa valid
- Ability to sponsor their family members, including spouses and children regardless of their ages
- Ability to sponsor an unlimited number of domestic helpers
- Permit for family members to stay in the UAE until the end of their permit duration if the primary holder of the Golden visa passes away.
Steps to apply for the UAE Golden Visa
Working with PRO firms makes the process of applying for a Golden Visa hassle-free for those wishing for a long-term residency in the UAE. Experts from PRO companies can guide you through the necessary steps for obtaining the UAE Golden Visa.
Perform eligibility checks
Before submitting any application you need to assess whether you can pass the eligibility criteria. Conducting a pre-assessment will help you avoid Golden Visa rejections or delays in completing the process.
Choose an appropriate category.
You need to determine which Golden Visa category is the most appropriate for your status.
Submit the Golden Visa application
Once the eligibility is confirmed, you can apply for your Golden Visa. You should also submit all relevant documentation, including a copy of your passport, proof of salary and/or capital, and a business plan or CV if required. It is advisable to apply for a Golden Visa in the UAE through PRO companies.
Receive your Golden Visa
You may receive the Golden Visa within seven to ten business days, though it may be longer.
JBC can Help you Get a Golden Visa
If you want to apply for a Golden Visa, do it through the best PRO firms such as Jitendra Business Consultants (JBC). Our PRO services stand out from the rest due to our more than two decades of experience, customer-first approach and knowledge about the UAE immigration rules and regulations.
We have a dedicated PRO professional in Dubai who can assess your profile and other relevant documents to determine your Golden Visa eligibility. Once eligible, we can help you get approval for a Golden Visa without any delay.
