The latest update on the UAE Golden Visa requirements has caused a stir among professionals seeking long-term residency in the country. As per the recent announcement, individuals eligible for the Golden Visa must now have a minimum basic monthly salary of Dh30,000 to apply for the visa. This new criterion, excluding allowances, has sparked concerns among applicants who previously qualified under the old criteria.
According to immigration experts and residents whose applications were rejected, the change in salary requirements for the UAE Golden Visa signifies a shift in the government’s approach to attracting exceptionally talented individuals with substantial earning capacity. Nofisatu Mojidi, senior manager at Fragomen, a Dubai-based immigrations services firm, highlighted that the previous requirement of a minimum gross salary of Dh30,000 per month, including allowances, has now been revised to a basic salary of Dh30,000 per month, excluding any allowances. This adjustment has left many professionals scrambling to meet the new criteria.
With the rising cost of living in the UAE, the new minimum salary requirement presents a significant challenge for eligible professionals, especially those who rely on allowances to meet the Dh30,000 threshold. The restructuring of the salary criteria has led to a surge in enquiries from concerned applicants seeking guidance on alternative pathways to qualify for the Golden Visa.
Firosekhan, an operation manager at Dubai-based Arabian Business Centre, revealed that only applicants with a Dh30,000 basic salary are currently being granted the long-term visa. Individuals with designations such as ‘manager’ and ‘director’ or professions like engineers and doctors have a higher chance of securing the residency. The expansion of the Golden Visa scheme in 2022 to include skilled professionals in various disciplines further underscores the UAE’s commitment to attracting top talent from around the world.
The implications of the new salary requirements extend beyond initial applications, impacting existing Golden Visa holders who may struggle to meet the updated criteria at the time of renewal. Mojidi emphasized the importance of staying informed about the changes and seeking expert guidance to navigate the evolving visa landscape. In addition to the basic salary requirement, applicants must also meet other criteria such as holding a valid employment contract, having a bachelor’s degree or equivalent, and maintaining comprehensive health insurance for themselves and their family members.
As the UAE continues to refine its Golden Visa program to attract high-caliber professionals, staying abreast of the latest updates and seeking expert advice is crucial for individuals looking to secure long-term residency in the country. The recent changes in salary requirements underscore the government’s commitment to nurturing a thriving talent pool and positioning the UAE as a hub for innovation and growth in the region. Applicants are encouraged to assess their eligibility carefully and explore alternative pathways to qualify for the Golden Visa in light of the revised criteria.