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The United Arab Emirates (UAE) has revised fees for the Golden Visa, which allows foreigners to stay in the country for five to ten years. The fee for a six-month entry permit to start the golden visa process has increased to AED 1,250 (INR 27,886), according to the UAE Federal Department of Citizenship, Customs and Port Security (ICP).
According to media reports, This new fee includes various fees such as issuance fee – AED 1,000 (INR 22,306), application fee – AED 100 (INR 2,230), smart service fee – AED 100 (INR 2,230), Electronic Services Fee – AED 28 (INR 624) and AED 22 (INR 490) ICP Fee.
What is the UAE Golden Visa?
The Golden Visa is a long-term residence permit designed to attract highly qualified students and skilled professionals from around the world to live and work in the country. Wealthy foreign investors are also eligible to apply for this visa to invest in real estate and businesses in the country to boost the economy. Under this visa category, successful applicants can enjoy the following benefits:
- Six-month multiple-entry visa for residence issuance.
- Residence visa A renewable long-term visa valid for five or ten years.
- Advantages of staying in the country without sponsorship.
- Staying outside the UAE for more than six months to keep the residence visa valid.
- Family members, including spouses and children, can be sponsored regardless of age.
- An unlimited number of domestic workers can be sponsored.
- If the main holder of the Golden Visa dies, family members can easily obtain permission to stay in the UAE until their permit expires.
To apply for entry clearance, Golden Visa applicants need to submit documentation along with passport, color photographs and proof of program eligibility.
Applicants must ensure that all details and documents are complete, otherwise entry clearance will be refused electronically after 30 days.
If an application is returned three times for incomplete information or required documents not submitted, the application will be rejected. According to the ICP, only the issuance fee and financial guarantee (if any) will be refunded.
Refunds will be issued by credit card within six months of visa application. If a credit card option is not available, refunds may be issued by check or bank transfer. However, the beneficiary bank should be located in the UAE. The refund process in the second case should be completed within five years.
(All currency conversions were done at the time of writing.)
Hero and featured image: Courtesy of Medhat Audeh/Shutterstock
This story first appeared on Travel+Leisure Asia
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