Golden Visa UAE: Salary Requirements for 2024

Golden Visa UAE

Golden Visa UAE : The UAE has consistently been known for its inclusive and hospitable environment. Presently, nearly 90% of the nation’s inhabitants are expatriates.

In the past, planning for the long term in the UAE was challenging due to residence visas being linked to employment and necessitating periodic renewals. This situation has changed, and now foreign nationals can anticipate enduring and fulfilling careers in the UAE.

Recent amendments to visa regulations have made it significantly simpler for international citizens to move to and remain in the UAE, with some even having the option to stay indefinitely. A prominent initiative facilitating this is the UAE Golden Visa program, which permits holders to live in the country long-term without the need for an employer or sponsor.

What is Golden Visa UAE

Designed to attract and retain investors and exceptional talent in the UAE, the Golden Visa grants long-term residency to successful applicants.

Golden Visa holders in the UAE enjoy the freedom to live, work, and study in the country and can sponsor their family members to do the same. Additionally, the Golden Visa program offers numerous exclusive benefits, including:

  • An entry visa valid for multiple entries within six months following the issuance of the Golden Visa.
  • A renewable visa valid for up to ten years.
  • No requirement for a sponsor or continued employment.
  • The ability to reside outside the UAE for longer than the usual six-month cutoff.
  • The option to sponsor an unlimited number of domestic workers.
  • A provision allowing family members to remain in the UAE even if the primary visa holder passes away.

Salary Criteria for Golden Visa UAE

  • The financial and salary prerequisites for Golden Visa applicants differ based on whether they are investors, individuals with special talents, or belong to other eligible categories.
  • Public Investors: Must present a letter from the UAE Federal Tax Authority (FTA) indicating they pay at least AED 250,000 (USD 68,000) in taxes annually.
  • Real Estate Investors: Must own property worth at least AED 2 million (USD 545,000).
  • Entrepreneurs: Must possess a technical or future-oriented project valued at a minimum of AED 500,000 (USD 136,000).
  • Executive Directors: Must show proof of a monthly salary of at least AED 30,000 (USD 8,200).
  • It’s important to note that the salary requirement for executive directors has been revised. Previously, the required monthly income was AED 50,000 (USD 13,600), including all income sources. Now, the threshold is AED 30,000 (USD 8,200) based solely on the basic salary.

Steps to Apply for the Golden Visa UAE

Step 1: Eligibility Assessment : This step aims to streamline the process and avoid any delays or potential rejections.

Step 2: Selecting the Appropriate Category ; This could involve applying as an investor, a person with special talents, or an executive director.

Step 3: Application Submission Once your eligibility is verified, you can proceed with the Golden Visa application. The application is primarily completed online, but may require visits to an immigration service center. You will need to provide necessary documents, such as a copy of your passport, proof of income or capital, and potentially a business plan or CV.

Step 4: Receiving Your Golden Visa Typically, you can expect to receive your Golden Visa within seven to ten business days after submission, though the timeline may vary.

Why with Firmz Business Setup:

Firmz Business Setup provides a distinct advantage in obtaining UAE Golden Visa. With expertise in UAE business regulations, personalized solutions, and a comprehensive service range, Firmz Business Setup ensures a smoother and cost-effective license acquisition process. The team’s commitment to ongoing assistance contributes to the success of your business setup journey in Dubai.

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