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Thursday, November 30, 2023

UAE Golden Visa: Price hike under new rules

UAE authorities have updated the entry permit fees for those who are applying for the country's 10-year Golden Visa.

The UAE Federal Authority for Identity, Citizenship, Customs and Ports Security (ICP) has announced an update to the fees for issuing a six-month entry permit issued for those who want to apply for a 10-year UAE Golden Visa, according to a report by Al Khaleej.

The authority has set a new fee of AED1,250 for the six-month entry permit, which includes a variety of charges such as AED1,000 for issuance, AED100 for the application, AED100 for smart services, AED28 for e-services, and AED22 for Federal Authority fees.

The golden visa is granted to several categories of people, including talents such as scientists and specialists, investors in public investments, real estate investors, entrepreneurs, top high school achievers, graduates of accredited universities in the UAE, graduates of accredited universities outside the country, and workers in the first line of defence.

The visa aims to attract and retain skilled professionals and investors in the country.

Those who apply for an entry permit for the golden visa procedures are required to provide several documents, including the passport of the sponsored person, a coloured personal photo, and proof of eligibility for the golden visa, the report said

The authority also said that applications for entry permits will be rejected electronically after 30 days if the application is incomplete or if there are data deficiencies.

If the application is returned three times due to data defects or failure to provide required documents, it will be rejected.

The fees will only be refunded if the application is rejected, and refunds will be issued through credit card within six months of submitting the application or through check or bank transfer, but only for banks located within the country, and within a period not exceeding five years.

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