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The UAE government offers golden visas to expatriates to live, study, or work in the country. Primarily, frontline heroes, humanitarian pioneers, outstanding students and graduates, scientists, entrepreneurs, and investors are eligible to apply for the golden visa.

Golden visa works as a gateway for investors who do not have sufficient funds to invest in properties in UAE. Under the ‘Skilled Professional’ category, applicants can expect their visa processing to be smooth and rapid. The major reason behind this is that skilled professionals usually maintain an active labor record with the UAE Ministry of Human Resources and Emiratisation (MoHRE). This record can be readily shared with immigration authorities and already includes essential details like the applicant's job designation and income.

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According to reports, over the past few weeks, there has been a notable increase in demand for Golden Visas within the professional category. Moreover, a strong employment landscape is contributing to this trend. Industries like technology, digital services, retail, and hospitality are witnessing substantial recruitment drives, particularly for middle and senior management positions. Concurrently, there is a consistent burgeoning of new business ventures, all of which collectively contribute to the growing demand for Golden Visas.

Regarding skilled professionals, the supplementary documents needed are ones that the applicant likely possesses from previous visa applications, Emirates ID registration, and the process of opening a bank account. Furthermore, the pre-approval processing time for applications falling within the pre-skilled category typically spans around one week.

In the investment category, there is less possibility that the applicant already possesses these documents. The specific documentation needed will vary based on the type of investment visa being pursued.

Policybazaar UAE: Helping you navigate the wilderness of the insurance world

By: Mousree Das

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