Dubai, UAE: In a major move to bolster international cooperation and attract world-class expertise, the United Arab Emirates announced an all-new Golden Visa scheme. An alternative approach to the usual circuit of spending heavily on property or business, the new visa system offers an outstanding choice for Indian hopefuls at a much cheaper rate, with benefits that will never expire.
A Paradox: From Investment to Nomination
Earlier, Indian citizens could secure the UAE’s sought-after Golden Visa by investing at least AED 2 million ( ₹4.66 crore) in property or high-value business projects. But the new nomination-based Golden Visa allows Indians the route to apply if they pay only AED 100,000 (about ₹23.30 lakh) — far more convenient and attractive.
This update is part of an experiment already underway in India and Bangladesh, and more than 5,000 Indian submissions are expected in just three months. One Belt One Road also suggests UAE’s growing ties with India, especially after the signing of the Comprehensive Economic Partnership Agreement (CEPA) that took place in May 2022.
Who’s Behind the Process?
The Rayad Group initiative will be steered by its managing director Rayad Kamal Ayub. With them in collaboration with One VASCO (visa concierge service) and Rayad Kamal affirmed:
“This is a golden opportunity for Indians. Our process involves a detailed background check, including criminal record, anti-money laundering, and even social media conduct.”
Who Can Apply? Eligibility and Benefits:
The nomination program invites candidates who can benefit UAE’s economy and culture through sectors such as:
- Finance
- Trade
- Technology
- Startups
- Professional Services
- Science and Culture
No need to visit Dubai by applicants in the preliminary stage.
Application can be made via:
- One VASCO centers in India and Bangladesh
- Rayad Group’s registered offices
- Online portals
- Dedicated call centres
Once approved, the beneficiary is given a permanent Golden Visa. This visa enables them to:
- Reside and work in the UAE for life
- Bring along family members to Dubai
- Employ staff like drivers or domestic workers
- Operate businesses or pursue any line of profession
Unlike the property-based Golden Visa, which is revoked once the property is sold, this nomination-based visa is valid for life, irrespective of investments.
India-UAE Partnership: More Than Just Trade
India’s participation in the pilot phase indicates the strong economic and strategic bond between the two countries. With the CEPA pact already easing trade and doing business, the Golden Visa program provides the bridge for talent and innovation.
Conclusion: A New Chapter for Indian Professionals in the UAE!
The nominations-based UAE Golden Visa is a breakthrough in global mobility and potential. Now available at discounted entry gates fees, lifetime validity, and take your family along – it’s a great chance to put down roots in one of Earth’s most dynamic economies if you’re an Indian professional, entrepreneur or innovator.
