Here's Who Qualifies to Receive Golden Visas Automatically

  • Publish date: Thursday، 29 February 2024
Related articles
Business Events To Look Out For in the GCC During 2024
Shaping The Future ... More Than 50 Doctors Recieved Golden UAE Visa
These Categories of Dubai's Golden Visa holders will get 'Esaad'

Property owners with assets valued at AED 2 million or more may soon qualify for Golden Visas without needing a formal application process, as revealed by officials at the UAE's Federal Authority for Identity Citizenship Customs & Port Security (ICP) during the UAE Innovates exhibition.

Read More: These Celebrities Received the UAE Golden Visa

Automated Visa Issuance

As announced by a spokesperson, residents meeting the property threshold won't need to apply separately for Golden Visas. Instead, the land departments across the Emirates will be integrated with the ICP portal. During visa renewal, the property value owned by the resident will be automatically assessed. Those meeting the criteria will receive Golden Visas without additional paperwork.

Read More: All The Categories Allowed to Apply for UAE Golden Visa

Evolution of Golden Visas

Initially introduced in 2018 for individuals making significant contributions to the UAE, Golden Visas were later extended to property owners, investors, frontline workers, and high-achieving students. Recent amendments eliminated the requirement of a minimum down payment of AED 1 million for visa eligibility. Property owners with assets exceeding AED 2 million, including those on payment plans or mortgages, are now eligible.

Read More: Golden Visa Eligibility in UAE: Who Can Apply?

Implementation Timeline

The new initiative is slated for implementation this year, offering a direct route for visa issuance through immigration channels, as confirmed by the spokesperson.

Read More: How to Apply to UAE Golden Visa as a Journalist or Media

Popularity and Benefits

Golden Visas have gained popularity since their inception, offering numerous advantages such as the ability to sponsor family members' residence permits. Updates include an extended age limit for sponsoring sons and no age restrictions for unmarried daughters. Additionally, there are no limitations on sponsoring domestic workers, and the Golden Residence remains valid without restrictions on durations spent outside the UAE.

Stay up to date with the latest Gulf news for FREE! Follow Gulf Moments on WhatsApp Channels and subscribe to our daily newsletter.

Related articles