All you need to know about UAE Long & Permanent Residency Visa

All you need to know about UAE Long-residence Visa 'Gold Card'
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‣ Long-term residency Visa – 5 to 10 years

On 11 March 2019, Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai had announced on Twitter that the regulatory framework to start issuing long-term residence permits for investors, entrepreneurs, innovators and specialised talents is now in place. Departments in the UAE are now receiving applications.

The UAE Cabinet approved a long-term visa system for investors, entrepreneurs, specialised talents and researchers in the fields of science, knowledge and outstanding students to facilitate business and create an attractive and encouraging investment environment for the growth of business for investors, entrepreneurs and professional talents.

The decision aims to maintain the position of the UAE as an optimal business environment. The visa benefits also include the spouse and the children to ensure a cohesive family and social structure and to create a stimulating environment for stability and growth.

Here are the categories of individuals eligible for long-residency visa:

1. Investors

The provision defines two categories for investors:

  • Investors in a property of a value of Dh5 million or more will be granted a residence for five years.
  • Investors in public investments through a deposit, an established company, business partnership of Dh10 million or more, or a total investment of not less than Dh10 million in all areas mentioned – as long as non-real estate investments are not less than 60 percent of the total investment – will be granted a renewable residency visa every 10 years.

2. Entrepreneurs

The decision also includes the terms to grant long-term visa to two categories of entrepreneurs:

  • Those having a previous project with a minimum of Dh500,000, or having the approval of an accredited business incubator in the country.
  • Entrepreneurs wil