Nearly 80000 UAE Golden Visas issued in Previous Year

Dubai is one of the most preferred destinations across the globe, boasting ultra-modern architecture, sublime attractions, food, hotels, and, of course, a lavish lifestyle to experience. But this glamourous city does not stop here; one can experience the flexibility and comfort of successful growth in almost every field. Business, innovation, studies, work and not to mention world-class tourism facilities make it the most well-organized destination to visit.

Entering such a great city requires a visa, and obtaining a Dubai visa is quite easy if you follow the correct guide and visa rules. The government of Dubai has issued various types of visas depending on the purpose of the visit. You can learn more about the types of Dubai visas available at onlydubaivisa. It includes the guide and requirements for the visa application process. In case of uncertainties ensure to consult an expert guide for the accessible approval of a Dubai visa.

To visit Dubai, one must avail themselves of a Dubai visa. The applicant can look for different types of Dubai visas depending on the purpose of their visit, and one such visa type is the Golden Visa. According to recent UAE Golden Visa reports, the UAE issued nearly 80000 Golden Visas last year to skilled professionals, investors, and entrepreneurs, representing a 69 per cent increase over the previous year.

Almost 79617 Golden Visas were issued in all categories throughout 2022, said the General Directorate of Residency and Foreign Affairs (GDRFA) on Wednesday, January 11, 2023.

Furthermore, the demand for long-term visas for skilled professionals has surged exponentially after the reduction of the minimum monthly salary requirement from AED 50000 to AED 30000. In the UAE Golden Visa news, the Arabian Business Center (Amer Center) in Dubai said that they were issuing up to 40 Golden visas daily.

Overall transaction of visas in 2022

The GDRFA processed more than 62.24 million transactions during previous years, including the overall entry and exit of 46.9 million transactions through air, land, and sea ports, with an influx of 37.3 million transactions in the year 2021. This included over 9.8 million visa transactions and over 4.5 million residency transactions, 40,642 electronic passport transactions, and 37,267 legal consultations, among other visa categories.

The authority further stated that it had made significant improvements in terms of providing better customer services, including merging five-year services into one while studying 60 customer experiences and conducting periodic customer satisfaction surveys. In addition, the GDRFA hired several Emirati cadres, bringing the total number of experts and specialists to 124.

Additionally, the General Directorate of Residency and Foreign Affair succeeded 99 per cent of the time in its operational plan, with the overall customer happiness index crossing the mark of 96 per cent and the Partner Happiness Index hitting a total of 100 per cent.

The UAE Golden Visa

A golden visa is a type of visa-the long-term residence Dubai visa-that enables foreign talents to live, study or work in the United Arab Emirates while enjoying exclusive benefits. The golden visa eligibility criteria include investors, entrepreneurs, scientists, outstanding students and graduates, humanitarian pioneers, and frontline heroes, among others.

The Golden Visa Scheme was officially launched in 2019, and with the introduction of new UAE visa rules, the Golden Visa saw some significant improvements, leading to attracting a new mindset around the world. It is one of the most sought-after residence visas, with a residency period of either five or ten years. This offers visa holders the autonomy to stay in the country without the requirement for a sponsor or host and the flexibility to work outside the UAE for an extended period of time without having to compromise the validity of the visa status with the capability to sponsor family members.

The recruitment of HR executives has shown that the long-term residency visa is a flux for the United Arab Emirates’ overall economy and society, as it is successful in attracting long-term residents, high-net-worth individuals, investors in the public sector and real estate, entrepreneurs, outstanding specialised talents, inventors, doctors, scientists, and creatives in the field of art and culture, though some other rules apply, including investment amount.

Dubai and its new visa rules have seen successful growth while boosting the economy and society of the UAE.