Migrate to UAE

UAE INTRODUCES 10-YEAR GOLDEN VISA FOR PROFESSIONALS

The United Arab Emirates (UAE) recently decided to issue a 10-year golden visa to professionals that will include engineers, physicians, Ph.Ds. who are from UAE accredited universities who have scored Grade Point Average or GPA of 3.8 and above. The motive behind issuing this visa is to retain ‘talented people and great minds’ in the country.

REASONS FOR INTRODUCING THE UAE GOLDEN VISA

The reason for introducing the golden visa was to project the UAE as a destination for business investment and encourage business development in the region. The visa was introduced to recognize residents who have been here for the long-term and their contribution to their country’s development.

The golden visa is a means to recognize their contribution and to thank them with a log-term visa that is valid for ten years and can be renewed.

WHO CAN APPLY FOR THE GOLDEN CARD?

Five categories of non-residents can apply for the golden card, these include entrepreneurs, chief executives, investors, meritorious students and scientists.

REQUIREMENTS FOR FOREIGN INVESTORS

  • Must make a deposit of up to 10 million dirhams in an investment fund in the UAE.
  • Must be an owner of a company with 10 million dirhams as capital investment or must be a partner in a company with a share of up to 10 million dirhams.

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FAQ

A golden visa is a form of grant given to wealthy people who want to put in substantial investment in a country for the opportunity to live there. Governments use the golden visa to expand their tax base.

A Work Visa is essentially a work permit that allows you to enter a foreign country and legally work there for a certain period of time.

Different countries have different eligibility requirements and procedures for a Work Permit.
The cost of a Work Visa differs as per the country that you are applying for.

For example, the cost of a Work Permit for Canada is CAD $155. You will also need to pay extra if you include your family in the visa application.
The processing time for a Work Visa depends on the country as different countries have different processing times. It also depends on the country that you are applying the visa from.

For example the processing time for a Work Visa of Canada is 5 weeks when applied from India. On the other hand, if you apply for a Canada Work Visa from the US, the processing time is 2 weeks.
Most countries offer Work Visas to meet the labour shortage in their country. Often employers find it difficult to fill a particular job locally as they cannot find the required skills in their country. This generally happens with high-skilled as well as trades jobs.

You should have the necessary skills that are in demand in a particular country to get a Work Visa. You should also have the necessary educational qualifications and any certifications that may be needed for the job. You should also have the necessary work experience required for the job.