Indians can now get UAE’s Golden Visa without trade license, property purchase

advertisement

Dubai, July 6: The United Arab Emirates government has started a new type of Golden Visa, which will be based on nomination, albeit with some conditions, unlike the current practice of investing large amounts in either property or business here.

Advertisement

Until now, one of the ways to get Dubai’s Golden Visa from India was to invest in property whose value should be at least AED Two Million (Rs 4.66 crore), or invest a large amount in business in the country.

Under the “new nomination-based visa policy,” Indians can now enjoy the UAE’s Golden Visa for life by paying a fee of AED 1,00,000 (INR around 23.30 lakh), beneficiaries and people involved in the process have told PTI.

Advertisement

Over 5,000 Indians will apply for this nomination-based visa in three months, they said.

India and Bangladesh have been selected for the first phase of testing this visa, and a consultancy named 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, said this is a golden opportunity for Indians to get the UAE’s Golden Visa.

Whenever an applicant applies for this Golden Visa, we will first check their background, which will include anti-money laundering and criminal record checks, as well as their social media,” said Rayad Kamal.

The background check will also show if and 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.

advertisement

“After this, RayadGroup will send the application to the government, which will make the final decision on the nomination-based Golden Visa,” he added.

Applicants seeking the UAE Golden Visa under the nomination category may obtain pre-approval from their home country without the need to visit Dubai.

“Applications can be submitted through One VASCO centres (visa concierge service company) in India and Bangladesh, our registered offices, our online portal, or our dedicated call centre,” he added.

After getting the Golden Visa, one gets the freedom to bring his or her family members to Dubai. “You can also keep servants and drivers based on this visa. You can do any business or professional work here,” Rayad Kamal said, adding, the property-based Golden Visa ends in case of property sale or division, but the nomination-based visa will remain forever.

The UAE government’s initiative and India’s selection as the first country for this visa reflect the strong business, cultural, and geopolitical relations between India and the UAE, which have become stronger after the Comprehensive Economic Partnership Agreement (CEPA) between the two countries, effective May 2022.

The Golden Visa nomination process is an agreement between the UAE and its (Comprehensive Economic Partnership Agreement) CEPA signatory/partner countries. This is a pilot project which has started with India and Bangladesh and will soon include China and other CEPA countries.

RayadGroup and VFS have been chosen to vet the applicants and then forward them to the UAE authorities. (PTI)

Hot this week

Pay hike of Assam ministers, MLAs likely as 3-member panel submits report

Full report likely by Oct 30 Guwahati Sept 25: There...

Meghalaya Biological Park Inaugurated After 25 Years: A New Chapter in Conservation and Education

Shillong, Nov 28: Though it took nearly 25 years...

ANSAM rejects Kuki’s separate administration demand, says bifurcation not acceptable

Guwahati, Sept 8: Rejecting the separate administration demand of...

Meghalaya man missing in Bangkok

Shillong, Jan 10: A 57-year-old Meghalaya resident, Mr. Treactchell...

Meghalaya’s historic fiber paves the way for eco-friendly products and sustainable livelihoods

By Roopak Goswami Shillong, Oct 25: From making earbuds to...

HC orders panel to initiate common cremation grounds  

Hindu, Khasi, Jaintia community members decide to share cremation...

Ropeway project : HC orders feasibility study for compensatory afforestation

Shillong, July 30: The Meghalaya High Court has ordered...

Your conduct doesn’t inspire confidence: SC to Justice Varma

New Delhi, July 30: The Supreme Court on Wednesday...

Oppn MPs slam PM over not replying to Op Sindoor debate in RS

New Delhi, July 30: Opposition parties on Wednesday slammed...

PMIC opens admission for MBBS 2025-26 session

Shillong, July 30: The PA Sangma International Medical College...

Lt Col among 2 Army personnel dead as boulder falls on vehicle in Ladakh

Leh, July 30: Two army personnel, including a Lt...
spot_img

Related Articles

Popular Categories