Foreigners who want to live, study, work and settle in the United Arab Emirates can make use of the UAE Golden visa to get a long-term residency without the need for a sponsor within the country.

Two important things are important to know about the UAE Golden visa – One, it provides for a long-term residency for a period of five to ten years, and second, there is an online nomination-based process.

“UAE Golden Visa by nomination is only for people who meet the criteria laid down by the UAE Govt. – It’s not open to all. You can’t just pay fees and get a Golden Visa. It is valid for 10 years and may be renewed thereafter and does not lead to Citizenship in UAE,” says Paresh Karia, CEO, Acquest Advisors.

There is a process laid out for applying for golden residency on the UAE government’s website, called ‘Visa-Golden Residence-Nomination Request For Golden Residence-New Request’.