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Understanding the Latest Changes to the UAE Golden Visa

Understanding the Latest Changes to the UAE Golden Visa

Table of Contents

Introduction

The Golden Visa allows people to live, work and study in the UAE without a sponsor. Recently, the government made it easier to get one. In this article, we’ll explain the key changes simply so you understand them clearly.

What is the Golden Visa?

The Golden Visa program started in 2019. Its goal is to attract talented people to the UAE. With it, you can:

It provides stability and convenience that residents don’t usually get.

The Main Updates

Let’s look at the important changes made to the Golden Visa rules:

Lower Salary Requirement

Now Doctors, engineers and other skilled roles, must earn only 20,000 Dirhams per month, down from 30,000 Dirhams, to apply. This will attract more medical staff and technicians.

New Categories for Freelancers and Talented Individuals

Many people work online or offer unique skills. Two categories let them get the Golden Visa by showing their work and expertise.

Lowered Real Estate Investment Threshold

The property investment amount was reduced to 1 million Dirhams from 2 million Dirhams before. This makes it easier for investors.

Impact on Existing Holders

The updates don’t affect current Golden Visa residents. The same renewal rules and timelines apply to them as before the changes were made. Their visas will continue as normal.

Changes in Eligibility Criteria

Let’s see how criteria changed under two categories:

Retirement Visa

Earlier, retirees needed a minimum 2 million Dirhams in savings. Now just 1 million Dirhams is sufficient to qualify for their long-term residency.

Self-Employment Visa

Freelancers from fields like marketing, design, and consultancy can now get a visa. They just need to prove their work history and client list.

Conclusion

By making small refinements, the UAE aims to continue growing its skilled workforce and knowledge-based economy. Our experts can advise on your eligibility for the Golden Visa program under its latest guidelines.

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Pranav Modi

Mr. Pranav Modi, CA is supported by 12+ years of Consulting, Auditing and Accounting practice across diverse sectors.

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