Dubai’s different visa schemes are famous nowadays among ex-pats. Expat who wish to earn more, moving to Dubai. The UAE government has introduced many types of visas. UAE Golden Visa, silver visa Dubai, and Green visa are famous. In this blog, we are going to share the details about them, and the differences among them. Let us move on:
1. Golden Visa Dubai
A golden visa is a form of long-term residence visa issued to individuals with outstanding talent, specialized skills, or high net worth. The program is designed to attract foreign talent and investment.
The United Arab Emirates (UAE) launched a series of visas for key workers and business people. These programs enable residents to live and work in the UAE for up to five or ten years. The permit is renewable on conditional terms.
UAE golden visa program was launched in 2019. It offers a variety of advantages and benefits. This is a great way to relocate to a favorable jurisdiction and live in safety. Its main purpose is to encourage business development in the UAE and other nations in the region. It also aims to improve the tax base.
Golden visas are available in five categories. Each category has its specific requirements. For instance, the entrepreneur category requires applicants to own assets and a commercial license. Alternatively, the student category requires students to submit an accredited academic record and recommendation letter from the university.
Golden visa Dubai is available to foreign nationals as entrepreneurs, scientists, executive directors, and outstanding graduates from the UAE’s top universities. It is available to help people with special talents make their homes in the UAE.
Investing in a property worth AED 2 million is a prerequisite for the visa. The purchase with a loan from a local bank. It is important to remember that the investment must be held for at least three years. Encouraging wealthy individuals to invest in the country interests the government in increasing the tax base.
2. Green Visa Dubai
The government to attract talent and boost the economy has launched green visa UAE. It also serves as an entry point for entrepreneurs and investors.
The visa is intended for highly skilled workers, top students, and freelancers. Designed to help the UAE economy by increasing the competitiveness of the job market. The new visa allows the holder to bring his first-degree relatives to the country.
The Green Visa provides a five-year residency for individuals who wish to remain in the UAE. This is unlike the usual employment visa, which only allows a short time of stay. In addition, the holder of this visa can bring his spouse and children to the country.
However, to qualify for this visa, applicants must have a bachelor’s degree or equivalent education. They must also submit proof of investment or a valid employment contract. Individuals, must have a monthly salary of at least Dh15000 and be classified at the first, second, or third occupational level. They must also show that they have a self-employment permit or have an annual income of at least AED 360,000 in the last two years.
Green visa Dubai also allows sponsors to sponsor their male children up to age 25, their unmarried daughters until they reach the age of 25 and their parents without any limits. The cost of this visa varies based on the number of people involved in the sponsorship.
To apply for the Green Visa, a person must have a bachelor’s degree and a valid job contract. He or she should also prove financial solvency throughout their stay in the UAE.
3. Silver Visa Dubai
For those who wish to live and work in the UAE, a silver visa Dubai is a kind of residence permit that you can get. Your stay in the UAE is for a maximum of five years, after which you may apply for permanent residence. This is a fantastic option for people who want to work in the UAE for an extended period but lack the funds to obtain a full-fledged residence visa.
Real estate purchases or financial investments in companies or sectors of the economy can lead to the UAE silver visa for foreigners. Aside from meeting certain requirements, investors must also not be employed in the United Arab Emirates and have no criminal history.
All thrice visas of Dubai are perfect in a different manner. Each visa program has its specialty. Whether you want to apply golden visa UAE or others, just need to fulfill the requirements. Furthermore, the Dubai government is consistently updating the requirements. Therefore, you should visit docman.ae for the latest updates or all visa-related issues.