More than 100,000 Golden Visas have been issued by authorities in the United Arab Emirates, marking a total of 35 per cent increase from earlier this year.
According to local media reports, the increase has been marked following the changes to the long-term residency scheme and new visa rules that became effective on October 3, VisaGuide.World reports.
A report provided by Arabian Business, there are several ways that persons can benefit from the Golden Visas, through the government, employers, agencies and more.
It has been emphasized that the cost as well as the timeline of application through each channel differs.
All candidates are eligible to apply for UAE’s Residency by Investment scheme using GDRFA-Dubai Smart Application following these steps:
Head to service branches of the Amer Centers
Select the service at the receptionist
Submit the required documentation to the service employee
Check documents
Pay the fees for the services
Submit application
It has been reported that criteria for the UAE Golden Residence program have been facilitated while the categories of people eligible to apply for the long-term ten-year visa have been expanded following the new regulations.
Following the new regulations, the Golden Visa of UAE will offer the opportunity to entrepreneurs, investors, scientists and professionals, among others, to benefit from this scheme.
Golden Visa for scientists
In order to benefit from this category of Residency by investment program, internationals must have a PhD or a Master’s degree in the field of technology, engineering, life science or natural sciences, among others.
Golden Visa for professionals
The United Arab Emirates Cabinet revealed that it made a major expansion to this category, in order to attract highly skilled workers with educational qualifications as well as professional experience in all disciplines, including science, medicine, information technology, business and administration and other fields.
Golden Visa for professionals
The government of the UAE stressed announced a major expansion in this category in order to bring to the country highly skilled workers with educational qualifications as well as professional experience in many fields, including sciences and information and business, education, culture and law sciences.
Golden Visa for exceptional talents
The UAE Golden Visa for this category will be granted to top talents in vital fields, regardless of their educational qualification, or employment status.
Golden visa for real estate investors
Real estate investors are eligible to hold the Golden visa of UAE by making a financial contribution of at least $544,500 (AED 2 million).
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