The United Arab Emirates (UAE) has rolled out a new nomination-based Golden Visa system, doing away with the earlier requirement of investing large sums in property or business.
Instead, eligible individuals from select countries—including India—can now obtain a long-term residency by paying a one-time fee of AED 100,000 (approximately ₹23.3 lakh).
Under the older system, Indian applicants typically needed to invest at least AED 2 million (₹4.66 crore) in real estate or business to qualify for the Golden Visa. In contrast, the new programme is based on nomination and doesn’t require any investment in assets.
In the pilot phase, the scheme is being launched in India and Bangladesh, with Rayad Group selected to manage and process applications.
Rayad Kamal Ayub, managing director of the group, said the process includes background checks for criminal history, anti-money laundering violations, and a review of the applicant’s potential contribution to UAE sectors such as culture, finance, startups, trade, science, or professional services.
Once vetted, applications are sent to the UAE authorities for final approval. The visa will also allow recipients to sponsor family members, hire domestic staff, and work or run a business in the UAE without restrictions.
Unlike the property-based visa, this new category is permanent and does not lapse if assets are sold.
Applications from India can be submitted through One Vasco visa centres, Rayad Group offices, its website, or via a dedicated call centre.
The new Golden Visa system is part of the UAE’s broader strategy under the Comprehensive Economic Partnership Agreement (CEPA) with India. It will later expand to other CEPA partner countries such as China.
First Published: Jul 7, 2025 9:04 AM IS
