UAE Sets AED 2 Million Investment for Golden Residency

The United Arab Emirates has specified the financial thresholds that foreign businessmen and investors must meet to qualify for the Golden Residency programme, which allows a ten-year stay without a local sponsor. Administered by the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the programme requires a minimum investment of AED 2,000,000 (approximately N722,417,614).

This threshold can be met through various means, such as depositing the amount with a UAE-based investment fund or bank, establishing a company with the same capital, or holding shares in a business valued at AED 2,000,000. Additionally, business owners contributing at least AED 250,000 in federal taxes may qualify based on their shareholding.

A critical condition is that the capital must be entirely self-owned, with no funds sourced from loans. Property ownership is another route to eligibility, requiring properties valued at AED 2,000,000 registered in the applicant's name.

Comprehensive health insurance for all applicants and their families is mandatory.