Table of Contents
Introduction
The Golden Visa Program in UAE, which was introduced in 2019, is a long-term residence visa that helps skilled professionals to live, work, and even study while enjoying all citizenship benefits. From entrepreneurs to investors and experienced professionals, everyone is eligible to get the golden visa program. However, recently, the UAE government made some changes focusing on minimum monthly salary and the process for the Ministry of Education’s recognition of educational certificates. This article briefs you further about these changes.
Changes in Salary Requirements
Earlier, to qualify for the Golden Visa program under “Scientists & Specialists,” candidates had to demonstrate a minimum gross monthly salary of AED 30,000 (about USD 8,169).
Many highly competent individuals may more easily reach the barrier because it includes any allowances granted on top of the base income. However, as of May 2024, the official position on Article 17 of Cabinet Resolution 65-2022 has shifted, and to be qualified, applicants must now demonstrate a monthly basic wage of AED 30,000, exclusive of any allowances.
This new change is to tighten the grip on the eligibility criteria and exclude the allowances from the salary threshold. Moreover, the latest change will bring challenges to those who are in their pre-approval stage of the Golden Visa Program, as they might find it hard to meet new requirements.
Changes in the Educational Certificate Recognition Process
Suppose an applicant is using the “Scientists & Specialists” pathway. In that case, it is essential to get acknowledgment from the Ministry of Education for their legally recognized educational certificates from outside the UAE.
The first stage in this process is an equivalency assessment conducted by a certified MOE vendor, which usually takes 30 days. Once the certificate is assessed, applicants receive a ‘positive’ report, which then allows them to apply for MOE recognition. It takes an extra seven to ten days to complete this last phase.
Implications of Changes
The change to a minimum basic wage requirement of AED 30,000 creates new implications of higher barriers to entry. The emphasis is now only on basic salary, which may assist potential applicants meet the criteria. This change implies that the UAE is simplifying the requirements for Golden Visa eligibility to draw in extraordinary talent that has the potential to make a major economic contribution.
The new MOE requirement for educational degree recognition further complicates the process. This may be challenging for those who are not aware of the immigration procedures in the United Arab Emirates.
Alternative Options to Attain Golden Visa
For those who are ineligible under the revised “Scientists & Specialists” pathway, there are other options they can use to try to gain a golden visa. One such way is securing a nomination from the government authority based on your skill set. This method can help skilled professionals, including:
- Residents or non-residents of the UAE
- Individuals carrying Residence Visa job titles are no longer entitled to be on the MOHRE list.
- Skilled professionals with a monthly gross salary of AED 30,000 and a basic salary of 50% of the total compensation.
- Applicants decided not to have MOE and completed their legalized education certificate, and one who carries a certificate states “Diploma, College or Institute.
Federal Tax Authority VATP038 on Manpower vs Visa Facilitation Services
Taking the Right Steps to Gain a Golden Visa
It can be difficult to navigate through these new changes in attaining a Golden Visa, but it is essential to comprehend and get ready for these changes. The modifications above are significant and represent the country’s strategy for attracting exceptional talent and guaranteeing that holders of Golden Visas would significantly enhance its economy and society.
