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After Abu Dhabi and Dubai UAE’s another city Ras Al Khaimah (RAK) is also providing Golden Visas to expats and inviting them here. Ras Al Khaimah’s visa provides certain advantages and it unlocks long-term residency for expats. So, here in this article, I am going to share with you Ras Al Khaimah’s golden visa, the eligibility criteria to get it and the documents required for applying for this visa. So, read the blog, and know the complete information about it.
What Is The Ras Al Khaimah Golden Visa?
Ras Al Khaimah’s Golden Visa or Green Visa offers 5-10 years of uninterrupted long-term residency in RAK. Whether you are an investor, partner, specialist or employee, you can get visa services. Also, you can extend it to your family and they would enjoy the same benefits and validity that you enjoy.
Key Benefits of Ras Al Khaimah Golden Visa
RAK Golden visa provides you long-term residency programme and offers you many opportunities such as:-
Long Term Residency – You will get a 10-year stress-free long-term residency also you can renew your visa
Residency for dependents – You can extend the visa to family members, your spouse and children so they can get the same benefits
Work Privileges: Golden Visa holders and work in the UAE and do not need a separate work permit or any employment contract. Such a facility is quite attractive to professionals and entrepreneurs.
Business Opportunities – Golden Visa provides investors as well as entrepreneurs, opportunities to establish and expand business in the UAE.
Tax benefits – UAE is commonly known for its tax-free environment and there is no personal income tax or capital gains tax in the country. Hence, Golden Visa holders can benefit from these advantages.
Real Estate Investment – Golden Visa also attracts real estate investors, it welcomes investors to invest in Ras Al Khaimah Real Estate Market for capital growth and rental income.
Education opportunities – Golden visa holders can enrol their children in UAE schools and universities, offering access to high-quality education institutions.
Retirement – For retired persons, Golden Visa offers a retirement option and other vibrant services
With this visa, you can stay outside the UAE for more than six months and still your visa will be in the active phase
33Types of Ras Al Khaimah Golden Visa
Ras Al Khaimah provides a Golden visa to 3 categories investors, real estate investors and specialists. And these three categories have three different criteria and have to submit documents accordingly.
Golden Visa For Real Estate Investor
If you are an investor and looking for a Ras Al Khaimah Goldeen visa then you must meet the requirements below: –
- A letter from an investment fund approved in the UAE stating that there is a deposit of AED 2 million or a valid commercial or industrial license with the company’s incorporation contract with the investor so that the investor’s capital is no less than AED 2 million.
- On the other hand, investing in a new or existing company as a partner with shares of a minimum of AED 2 million, not financed by a loan.
- Letter from the Federal Tax Authority stating that he is the owner of a company that pays the government no less than 250 thousand dirhams annually.
Required Documents
- Proof of deposit and investment funds
- Proof of capital investment of AED 2 million
- 6th month’s bank statements of personal and corporate accounts
- Proof of Tax Payment
Golden Visa for Home Buyers
- You can also get this Golden Visa by investing a minimum worth of AED 2 million without a mortgage in real estate property.
Required Documents
- Need the proof of real estate property value (Letter from the real estate registration department addressed to Federal Authority of Identity, Citizenship, customs and Port Security confirming the property value)
Golden Visa for Entrepreneurs
- Approval letter from an auditor in the UAE stating that the project value is not less than AED 500,000 (project owner)
- Approval letter from the authorities in the emirate stating that the project is of a technical or future nature in which leadership is achieved (project owner)
- approval letter from the accredited business incubator in the UAE to establish the proposed activity in the country (founder of a project)
- A valid passport copy
- Valid Health insurance card is not less than one year and can be extended
- Proof of housing in the country (home ownership/house rental contract)
- This type of application is submitted according to the procedures, with the exception of the Emirate of (Abu Dhabi and Dubai). The submission is made through the approved business platform incubator.
- Once your nomination has been approved, you will be invited to apply for the visa through the Federal Authority for Identity and Citizenship.
Golden Visa for Skilled Professional
Ras Al Khaimah also provides a Golden visa validity period of 10 years to Skilled professionals.
Required Documents
- Minimum salary of AED 30,000 or equivalent
- Copy of the attested employment contract
- Copy of an attested academic qualification degree, a bachelor’s degree
- Past 6 months; bank statement of personal account
Which skilled professional can get a Golden Visa in Ras Al Khaimah?
- Doctors & Scientists
- Inventors
- Creative people in culture and Arts
- Executive Directors
- Athletes
- Specialists in Engineering and Science
- Outstanding Students
- Public Investment Investors
- Real Estate Investors
- Entrepreneurs
Golden Visa for Talented People (Doctors & Scientists)
- Approval letter from the Ministry of Health in the country to practice the profession of medicine (Doctors)
- Recommendation letter from the Emirates Council of Scientists or a letter from the Secretariat of the Sheikh Mohammed Bin Rashid Al Maktoum Award for Academic Excellence stating that he is a recipient of the Academic Excellence Medal (Scholars)
- A Valid Passport copy
- Valid Health insurance card is not less than one year and can be extended
Golden Visa For Talented People (Special Talent/Creative People)
- Creative people in the fields of culture, art and innovators,
- An approved letter from the Department of Culture and Arts in the relevant emirate (people of Culture and art)
- A recommendation letter from the Ministry of the Economy (for inventors)
- A valid passport copy
- Valid health insurance card is not less than one year and can be extended
Golden Visa for Executive Directors
- Holding a certified degree from the university
- Minimum 5 years of experience
- Salary not less than AED 50, 000
- Valid work contract
- Valid passport copy
- Valid Health insurance card is not less than one year and can be extended
Golden Visa For Specialists In The Fields Of Science And Athletes
- Having a specialized certificate in one of the rare fields specified by the authorities of the country (scientific fields of priority)
- Having a recommendation letter from the General Sports Authority or one of the sports councils (athletes)
- Valid passport copy
- Valid Health insurance card is not less than one year and can be extended
Golden Visa for Doctoral degree holders and specialists in the fields of engineering and science
- Having a certified copy of the PhD from the Ministry of Education in one of the priority disciplines (PhD degrees)
- Bring a certified copy of the university degree from the Ministry of Education in one of the above-mentioned majors (engineering and science fields)
- Bring a work contract for a profession in one of the above-mentioned specializations (engineering and science fields)
- Valid passport copy
- A valid Health insurance card is not less than one year and can be extended
Ras Al Khaimah provides Golden Visa facilities to Outstanding Students, whether you are high school standard and university standard you will get these services. So, let’s understand the terms, conditions and procedures to get such visa.
Outstanding Students (High School Student)
- Bring a recommendation letter from the Ministry of Education
- The duration of the Golden Visa is 5 years for a high school without the need for a sponsor inside the UAE, and it may be extended by the authority if he is enrolled in one of the specialities /colleges in the UAE that requires the study period more than 5 years such as medical universities
- The students may sponsor the parents and their brothers (subject to the conditions and requirements as set out by the federal authority for identity and citizenship)
Outstanding Students (University Student)
- A recommendation letter from the university stating that his gpa is not less than (3.8)
- The duration of the golden visa is (10) years and may sponsor the parents and their brothers ( subject to the conditions and requirements as set out by the federal authority for identity and citizenship)
- The students are able to sponsor their familiars (wife and kids) whenever they have the financial potential.
How to apply for a Golden Visa In Ras Al Khaimah ?
- Visit the official website https://icp.gov.ae/en/ and select the services option on the page
- click the menu options and as it will show you a drop-down list choose eChannels Residency and Citizenship
- after clicking that it will take to the “Browse Smart Service” page
- Click on the Golden Residency option
- Scroll down and select the type of Golden Visa service you want to apply for
Click Start Service and begin your Ras Al Khaimah Golden Visa application process While filling the process applicants have to go through several parts, hence applicants need to fill out each box with correct information Like
- Fill in your personal information
- Attach your documents
- Review your visa application
- And finally, pay the application fees
How long does the Ras Al Khaimah Golden Visa Process time take?
The process time for Ras Al Khaimah Golden Visa will take a few weeks to a month from the day applicants apply.
How to track your visa application?
After submitting your Golden Visa Dubai application, you can track it by visiting the official site of https://icp.gov.ae/en/
How can get Ras Al Khaimah Golden Visa by investing in Real Estate investment?
This service allows the real estate investor to own a property equal to or more than AED 2 million at the time of purchase, to apply for a 10-year renewable residence permit. The applicant’s husband or wife, children and parents can be sponsored. If mortgaged property, a bank letter indicating 2 million AED paid amount as a proof to be provided.
Applicants must visit the General Directorate of Residency and Foreigners Affairs (GDRFA) to apply for a golden visa. Also, you can contact the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP)or the UAE’s embassies.
Then, the applicant needs to submit the required documents like:-
- Copy of passport
- Availability of an e-Certificate of Title/Title deed
- A passport-size photo
- UAE ID (if any)
- A copy of the current residence permit (if any)
- The property may be mortgaged, and a no-objection bank letter to be submitted indicating that the bank does not object to issuing a residence permit on the property, indicating the paid amount and the balance
**Then applicants must have to pay the 10 years residency permit fees includes :**
AED 2,657 fees will be paid for the golden visa AED 700 for medical check AED 1,153 for Emirates ID After submitting all your details the processing time will take nearly 48 hours. Real Estate investment is the easiest way to get Ras Al Khaimah Golden Visa and only investors have to find AED 2 M above property. Here are some high-end Real Estate projects worth more than AED 2M JW Marriott Residence at Al Marjan – Starting Price – AED 2,750,000 Nikki Beach Residences by Aldar – Starting Price – AED 2,370,000 Ellington Views 2 at Al Hamra Island – Starting Price – AED 2,826,828
Conclusion
Ras Al Khaimah Golden Visa is indeed offering endless benefits to expats hence, you should take the unparalleled benefits of it. The above-mentioned details will surely give you a complete idea of this.
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