As part of a significantly expanded Golden Visa scheme that went into effect on October 3, Golden Visa holders in the UAE can now sponsor their parents for a 10-year residency. According to the official UAE Government website, an expatriate employee can sponsor parents for a year's stay by “paying a deposit as a guarantee for each parent as stipulated by the respective immigration department”.
Usually, UAE residency visa holders can sponsor their parents if they earn a monthly salary of at least Dh20,000. This salary requirement, too, does not apply to Golden Visa holders. Hundreds of thousands of Golden Visas have been issued to eligible residents since they were first rolled out. The 10-year visa costs between Dh2,800 and Dh3,800.
Expanded Golden Visa scheme
A new residency and visit visa system went into force on October 3. It introduced new residency tracks and entry permits and simplified existing options. Among the changes was an expanded Golden Visa scheme, allowing more categories of people to get the coveted 10-year visa.
For Golden Visa holders, staying outside the UAE for over six months won’t affect the validity of their residency. Holders of the Golden Visa can sponsor children without any age limits. There is also no cap on the number of support staff they can sponsor. More skilled professionals can now get the long-term residency, with the minimum monthly salary requirement dropping from Dh50,000 to Dh30,000. Disciplines include medicine, sciences and engineering, information technology, business and administration, education, law, culture and social sciences.
Applicants should have a valid employment contract in the UAE and be classified in the first or second occupational level as per the Ministry of Human Resources and Emiratisation. Investors can get the long-term visa when purchasing a property worth at least Dh2 million, even with a loan from “specific local banks.” Off-plan properties are allowed from “approved local real estate companies.”
