The UAE has a residence programme called the ‘Golden Visa’, which has extended residency for some categories of foreign workers without a sponsor. This initiative is made to ensure that the right talents, investors and other contributors to the emirates’ economy are provided.
The Golden Visa provides exclusive benefits and is available for various groups, including:The Golden Visa provides exclusive benefits and is available for various groups, including:
- Investors
- Entrepreneurs
- Scientists
- Talents, scholars, and specialists
- Top students and graduates
- Pioneers of humanitarian work
- The first tier of protection involves the armed forces.
- Residency Permits:
Residency permits are available for a period of 5 or 10 years in some categories conditioned by a desire to promote people, who will work, invest, study, and live in the UAE. The exclusive benefits include:
Multiple-Entry Visa: Those planning to get a UAE Golden Visa for immigration can get a multiple visa for entering the UAE to formalize their documents.
Renewable Residence Visa: One of the perks of the Golden residency is the renewable residence visa up to 5 or 10 years based on the category.
Extended Stay Outside UAE: Since the holders of the Golden Visa are staying outside the country for more than six consecutive months, it is not mandatory for them to require re-entry in the same calendar year.
No Need for a Sponsor: It is important to note that unlike other countries, there is no requirement for a sponsor or guarantor while in the country for Golden Visa holders.
Family Residency Permits: The Golden Visa allows spouse and children sponsor even if they are below the age of 18 years old.
Unlimited Support Service Workers: Recruitment of support service workers or house helps is allowed for the golden visa holder with no restrictions on the optimum number of employees.
Family Member Residency After Death: Another prerogative given to holders of the Golden residency is that all the family members can stay in the UAE during the remaining of the tenure even if the breadwinner dies.
This paper aim to provide information about the residency in the UAE also known as the golden visa and its increasing demand from foreigners. There are several options for gaining the 10-year residency without a job offer and several types of resident visas permit the expat to work or live in UAE under different circumstances. Regarding the real estate investment for those looking forward to purchasing property in Portugal, the Golden Visa is one of the most suitable plans alongside several other non-working residency visa for expats.
