UAE Golden Visa
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Apply for UAE Golden Visa – The requirement of submitting the audit report.
UAE introduced a new system for long-term residence visas called Golden Visa’s. The new visa classification enables foreigners to live, work and study in the UAE without the need of a national sponsor and with 100 per cent ownership of their business on the UAE’s mainland. These visas will be issued for 5 or 10 years and will be renewed automatically.
Who Can Apply For Golden Visa in UAE
Five categories of non-residents who can apply for the golden visa are:
There are some specific requirements that are required by the government of the UAE for all applicants who want to apply for this Golden Visa.
To apply for the golden visa, an Investor in the commercial sector needs an Audit report from the Company Auditor and the audit report should be submitted along with the required documents to the authority.
The required documents are:
- The audit report of the last financial year
- A copy of company’s trade license and Partners list
- Last 3 month’s Company’s account statement
- VAT returns submitted to FTA
- If the license is in free zones or special development zones, A Certificate from the relevant free zone authorities is an additional requirement
Audit report helps the authority to acquire extra information about the operational and financial position of the company. By verifying the audit report the authority checks the eligibility of Investor to get the Golden visa.
As the audit report is issued by audit firms which are external parties, the credibility of the report increases and the audit report gives assurance on the financial position of your company.
Audit report assures that the figures reported in financial statements are correct. The Audit report is an independent opinion by the external auditor. Company with the clean audit report assures that the company complies with the required laws and regulations and its financial position is true and fair.
The auditor verifies the books of accounts and records of the company to detect the misrepresentations or frauds. The auditor completes his task by giving an opinion on the true and fair view of the financial statements of the company.
The financial statement on which the auditor has given the opinion shows the details like the total investment by the investor in the company, current liabilities, current assets, total equity of the company etc.
This report helps the users of the financial statements to get assured of the truth and fairness of the financial statement. Hence it helps the Authority as a user to assess the financial position of the investors to process the visa request.
We Elevate as an external auditor can help you to get your company’s financial statements audited.
We can also do a preliminary check on your financial position to assess your eligibility for Golden Visa.
We support and guide you to meet the requirements to get or to be eligible for the golden visa.