The TechQuilt The UAE has introduced a significant change to its Golden Visa program, making it easier for Indian citizens to obtain long-term residency. Previously, the Golden Visa often required substantial investments in property or establishing a business. Now, under a new nomination-based scheme, eligible Indians can secure a lifetime residency by paying a one-time fee of approximately ₹23.3 lakh (AED 100,000), without the need for property purchase or a trade license.
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| UAE Golden Visa for Indians: No Property or Trade License Needed! |
This new initiative is part of a pilot program launched in India and Bangladesh, reflecting the UAE’s efforts to attract global talent and strengthen economic ties, particularly following the Comprehensive Economic Partnership Agreement (CEPA) signed in 2022. More than 5,000 Indian applicants are expected in the first three months of this program.
Key Highlights of the New Golden Visa Program for Indians:
No Property or Trade License Needed: Unlike previous requirements, applicants are no longer mandated to invest in real estate or hold a business license.
One-Time Fee: A fixed fee of approximately ₹23.3 lakh (AED 100,000) is required.
Eligibility by Nomination: The visa is now based on nomination, assessing an individual’s background, societal contributions, and potential value to the UAE in various fields such as science, culture, finance, trade, startups, and professional services.
Covered Categories: This includes a wide range of professionals like senior professionals in education, healthcare, and corporate sectors, experienced nurses, university lecturers, school teachers, content creators (YouTubers, podcasters, authors, filmmakers), e-sports players, coders, other digital professionals, yacht owners, and maritime industry workers.
Rigorous Background Checks: Applicants will undergo thorough vetting, including anti-money laundering checks, criminal record screening, and social media activity review.
Lifetime Residency: Once approved, the visa grants lifetime residency, meaning the holder does not lose the visa even if they no longer work or invest in the UAE, unlike property-linked visas that could be voided upon property sale.
Family Sponsorship: Golden Visa holders can sponsor their family members, including spouses, children (of any age), parents, and domestic staff. Family members can continue residing in the UAE even after the visa holder’s death.
Application Process: The nomination and screening process in India is managed by Rayad Group in partnership with VFS Global and One Vasco centers. Applications can also be submitted through their online portals or dedicated call centers. Pre-approvals can be secured from India without needing to travel to Dubai.
This strategic move by the UAE aims to make the Golden Visa more accessible to a broader pool of skilled professionals and talented individuals from India, fostering a more diverse and knowledge-based economy.
