UAE Golden Visa for Bangladeshi Nationals

The UAE Golden Visa is a long-term residency program that allows foreign nationals, including Bangladeshi citizens, to live, work, and study in the United Arab Emirates without the need for a local sponsor. This visa is part of the UAE’s efforts to attract investors, entrepreneurs, specialized talents, researchers, and outstanding students to contribute to the country’s growth and development.

Key Features of the UAE Golden Visa

1. Eligibility Criteria:

   • Investment: Applicants must make a significant investment in the UAE, typically in real estate, business, or other eligible sectors. The minimum investment amount required is usually AED 2 million for real estate.
   • Specialized Talents: Professionals with exceptional skills in fields such as science, engineering, healthcare, and information technology may also qualify for the Golden Visa.
   • Outstanding Students: High-achieving students from UAE secondary schools or top universities may be eligible for the Golden Visa.
   • Entrepreneurs: Individuals who own or co-own a startup or project with a minimum capital requirement can apply.

2. Types of Golden Visa:

   • 5-Year Golden Visa: Available for investors, entrepreneurs, and specialized talents, allowing them to reside in the UAE for five years without a local sponsor.
   • 10-Year Golden Visa: Offered to investors, exceptional talents, researchers, and outstanding students, providing a longer duration of residence in the UAE.

3. Documents Required:

   • Visa Application Form: A completed Golden Visa application form.
   • Valid Passport: The applicant’s passport must be valid for at least six months beyond the intended stay in the UAE.
   • Passport-Sized Photos: Recent passport-sized photographs that meet UAE visa photo specifications.
   • Proof of Investment: Documentation confirming the investment, such as a property title deed, bank statement, or business registration documents.
   • Academic Qualifications: For skilled professionals and outstanding students, degrees or certifications must be attested and recognized by UAE authorities.
   • Medical Insurance: Valid health insurance coverage for the applicant during their stay in the UAE.
   • Employment Letter: A letter from the employer, if applicable, confirming employment and position within the organization.

4. Application Process:

   • Step 1: Gather Documentation: Prepare all required documents as specified by the UAE immigration authorities.
   • Step 2: Submit Application: The application can be submitted to the General Directorate of Residency and Foreigners Affairs (GDRFA) or through an authorized service center.
   • Step 3: Pay Visa Fee: The fee for the Golden Visa typically ranges from AED 1,000 to AED 2,000, depending on the processing speed and specific requirements.
   • Step 4: Wait for Processing: Processing times for Golden Visas usually take around 2 to 4 weeks.

5. Visa Duration and Validity:

   • The Golden Visa is granted for either five or ten years, depending on the applicant’s qualifications and the nature of their investment or talents.
   • It can be renewed upon expiration, provided the applicant continues to meet the eligibility criteria.

6. Rights and Limitations:

   • Right to Live and Work: Golden Visa holders have the right to reside and work in the UAE without the need for a local sponsor.
   • Sponsorship of Family Members: Holders of Golden Visas can sponsor their family members, including spouse and children, for residence visas in the UAE.
   • Limitations on Employment: While Golden Visa holders can work, they may need to comply with regulations depending on their employment status.

7. Overstay Penalties:

   • Overstaying a Golden Visa can lead to fines, starting at AED 200 per day, along with possible legal repercussions.

8. Health Insurance:

   • It is mandatory for Golden Visa holders to have valid health insurance coverage during their stay in the UAE.

9. COVID-19 Considerations:

   • Applicants should stay informed about any travel restrictions and health regulations related to COVID-19 that may affect their visa application or travel plans.

Conclusion

The UAE Golden Visa presents a unique opportunity for Bangladeshi nationals to establish a long-term presence in the UAE, whether through investment or professional talent. By understanding the eligibility criteria, required documentation, and application process, individuals can effectively navigate their journey toward securing long-term residency in the UAE. If you have any further questions or need assistance with the Golden Visa application process, feel free to ask!