UAE Launches New Golden Visa, Indians Can Now Apply for Lifetime Residency at Rs 23 Lakh

The United Arab Emirates has launched a new nomination-based Golden Visa programme, offering Indian citizens a lifetime residency without any need for large property or business investments. This recent move shows a shift from the existing visa scenarios and is part of the existing project, which begins with India and Bangladesh.

Currently, Indian citizens typically secure the UAE’s Golden Visa by investing a minimum of AED 2 million (around INR 4.66 crore) in property or making substantial business investments. The new nomination-based system, however, allows eligible applicants to obtain lifetime residency by paying a fee of AED 1,00,000 (approximately INR 23.3 lakh), subject to background checks and approval by UAE authorities.

Opportunities for Indian & Bangladeshi Citizens

India and Bangladeshi citizens have recently been selected for the first phase of testing the visa, and a consultancy called the Rayad Group has been chosen to test the initial form of the nomination-based golden visa in India.

Rayad Kamal Ayub, Managing Director of Rayad Group, called it a golden opportunity for Indians to get the UAE's Golden Visa.

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UAE Golden Visa Application: Background Checks & Process Explained

“When an applicant applies for a golden visa, we need to check their background, which includes anti-money laundering and criminal record checks, as well as their social media,” said Rayad Kamal.

The background check works as proof of how the applicant can benefit the UAE’s market and business activities in any other way, such as culture, finance, trade, science, Start Up, professional services, etc.

He further added, “After this, an application will be sent to the government, which will make the final decision on the nomination-based Golden Visa." Applications can be submitted through One Vasco centres in India and Bangladesh, registered offices, the Rayad Group’s online portal, or via any dedicated call centre.

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Ties Between India and the UAE

The move deepens the business, cultural, and geopolitical ties between the two nations. These relations have grown even stronger with the recent implementation of the Comprehensive Economic Partnership Agreement (CEPA) in May 2022, which has further strengthened bilateral cooperation.

As part of a pilot program under the Golden Visa nomination process, an exclusive arrangement for CEPA partner countries, the UAE has initially selected India and Bangladesh, with plans to soon extend eligibility to China and other CEPA signatories.

Rayad Group and VFS Global have been appointed as the official partners to screen and verify applicants before forwarding qualified candidates to UAE authorities for final approval.

Also Read: UK to Raise English Language Requirements for PR

Secure Your UAE Golden Visa Without Property or Business Investment

With the nomination-based Golden Visa for Indians, one no longer needs to make a property purchase or show a trade license! With a streamlined fee of AED 100,000, eligible applicants can now get a lifetime residency via a simplified process. So, if you also wish to experience job hunting and working in the United Arab Emirates, apply for a UAE Job Seeker Visa with GetGIS assistance right away.