The United Arab Emirates (UAE) has introduced a nomination-based Golden Visa program for indians, which is a significant milestone. Given the high demand for residency in the uae, many indians will be greatly relieved by this decision made by the authorities.
For indians, obtaining the 'Golden Visa' will need a one-time payment of 100,000 dirhams, or roughly Rs 2.33 million. Indian nationals who pay this amount can get permanent residency in the United Arab Emirates without having to make business or real estate investments (i.e., without a trade license or property acquisition).
It is significant to remember that up until now, purchasing real estate was one route for indians to get Dubai's Golden Visa. A significant investment of at least Rs 4.66 crore would have been needed for the real estate venture. By paying a charge of Rs 23.30 lakh, indians will be able to take advantage of the Golden Visa's lifetime privileges under the new uae visa policy.
How Many people Benefited?
Over 5,000 indian candidates are anticipated to receive Golden Visas under this program within the first three months, according to reports. The uae government's effort represents a significant departure from the conventional investment-based paradigm. This initiative's primary goal is to draw in experts in disciplines including business, finance, science, and culture.
Key Details
India and bangladesh have been selected for the first phase of this visa trial.
Rayad Group Consultancy has been selected for the first phase of the Golden Visa nomination-based program in India.
This is a fantastic chance for indians to get the UAE's Golden Visa, said Rayad Kamal Ayoub, president of Rayad Group.
The 'Golden Visa' requires a one-time payment of 100,000 dirhams, or around 2.33 million indian rupees, from indians who wish to apply.
Indian nationals who pay this amount can get permanent residency in the United Arab Emirates without having to make business or real estate investments (i.e., without a trade license or property acquisition).
Over 5,000 indian candidates are anticipated to receive Golden Visas under this program within the first three months.
What advantages does this visa offer?
Those who receive the Golden Visa will benefit from a number of advantages. They can engage in commercial or professional activities in the uae, hire staff, and bring their family members there.
How to Obtain a Golden Visa
"We first perform a comprehensive background check when an applicant applies for the Golden Visa," stated Rayad Kamal. This includes checking their social media presence, verifying their criminal records, and preventing money laundering. Additionally, the background check helps identify how the candidate can contribute to the UAE's business ecosystem and market in areas such as professional services, startups, science, business, finance, and culture.
Applicants should be aware that the uae government has the last say regarding nominations and that the visa application procedure entails several levels of verification, such as criminal background checks, social media reviews, and anti-money laundering checks.
Following the signing of the Comprehensive commercial Partnership Agreement (CEPA) in 2022, the uae government's effort is evidence of the expansion of its strategic and commercial connections with India. Later stages of the initiative are anticipated to extend to include china and other CEPA partner nations.
For indians, obtaining the 'Golden Visa' will need a one-time payment of 100,000 dirhams, or roughly Rs 2.33 million. Indian nationals who pay this amount can get permanent residency in the United Arab Emirates without having to make business or real estate investments (i.e., without a trade license or property acquisition).
It is significant to remember that up until now, purchasing real estate was one route for indians to get Dubai's Golden Visa. A significant investment of at least Rs 4.66 crore would have been needed for the real estate venture. By paying a charge of Rs 23.30 lakh, indians will be able to take advantage of the Golden Visa's lifetime privileges under the new uae visa policy.
How Many people Benefited?
Over 5,000 indian candidates are anticipated to receive Golden Visas under this program within the first three months, according to reports. The uae government's effort represents a significant departure from the conventional investment-based paradigm. This initiative's primary goal is to draw in experts in disciplines including business, finance, science, and culture.
Key Details
India and bangladesh have been selected for the first phase of this visa trial.
Rayad Group Consultancy has been selected for the first phase of the Golden Visa nomination-based program in India.
This is a fantastic chance for indians to get the UAE's Golden Visa, said Rayad Kamal Ayoub, president of Rayad Group.
The 'Golden Visa' requires a one-time payment of 100,000 dirhams, or around 2.33 million indian rupees, from indians who wish to apply.
Indian nationals who pay this amount can get permanent residency in the United Arab Emirates without having to make business or real estate investments (i.e., without a trade license or property acquisition).
Over 5,000 indian candidates are anticipated to receive Golden Visas under this program within the first three months.
What advantages does this visa offer?
Those who receive the Golden Visa will benefit from a number of advantages. They can engage in commercial or professional activities in the uae, hire staff, and bring their family members there.
How to Obtain a Golden Visa
"We first perform a comprehensive background check when an applicant applies for the Golden Visa," stated Rayad Kamal. This includes checking their social media presence, verifying their criminal records, and preventing money laundering. Additionally, the background check helps identify how the candidate can contribute to the UAE's business ecosystem and market in areas such as professional services, startups, science, business, finance, and culture.
Applicants should be aware that the uae government has the last say regarding nominations and that the visa application procedure entails several levels of verification, such as criminal background checks, social media reviews, and anti-money laundering checks.
Following the signing of the Comprehensive commercial Partnership Agreement (CEPA) in 2022, the uae government's effort is evidence of the expansion of its strategic and commercial connections with India. Later stages of the initiative are anticipated to extend to include china and other CEPA partner nations.
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