The United Arab Emirates (UAE) government has announced an important change in the Golden Visa program. Till now, it was mandatory for indians to invest in a property worth at least AED 20 lakh (i.e. about Rs. 4.66 crore) to join this visa program. But, now it has introduced a "Nomination-Based Golden Visa" system. Accordingly, one does not need to invest in any property. A one-time payment of AED 1,00,000 (about Rs. 23.3 lakh) will provide lifetime residency. Applicants will be selected on the basis of their professional skills, social contribution, and potential for the development of the UAE. According to the new system, this program is for qualified technical experts, entrepreneurs, researchers, artists, athletes, and those who excel in many fields. The government is evaluating the eligibility and making the selection. The pilot season of the Golden Visa program introduced by the uae government has now started for india and Bangladesh. Officials said that more than 5,000 applications are expected to be received from india in the first three months alone.
 A consultancy firm called Rayad Group has been selected to conduct the pilot season of the Golden Visa program in India. The company is working with VFS and One Vasco centers in india and bangladesh to carry out the application process. Applicants can also submit applications through Rayad Group's online portal and call center. Rayad Group Managing director Rayad Kamal Ayub said, "This is a golden opportunity for Indians." Also, there will be money laundering, criminal background checks, social media monitoring, etc. After all this, the final decision on the appointment will rest with the uae government authorities.
 In which, the selected Golden Visa holders can bring their family members from india or other countries to the UAE. Also, they can employ employees. Similarly, they will be fully allowed to start a business or engage in professional work. The old property lease or investment visas expire after the sale of the property. However, the Golden Visa is valid for life. With the Comprehensive Economic Partnership Agreement (CEPA), signed in 2022, the economy and relations between the uae and india have further strengthened. This new appointment-based Golden Visa scheme is also seen as a result of the development that will occur with this CEPA. This scheme has the potential to be expanded to other CEPA partner countries in the future, especially countries like China.
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Sowmiya Sriram

07/07/2025 11:39 AM