By Ananya Varma
The United Arab Emirates (UAE) has introduced a new nomination-based Golden Visa, allowing Indians to secure long-term residency for AED 100,000 (INR around 23.30 lakh), without major investments in property or business. This initiative will initially target over 5,000 applicants from India and Bangladesh, with the Rayad Group overseeing the application process, which includes thorough background checks. Successful applicants can bring family members, hou, and even drivers to engage in various professional activities. 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. However, under the “new nomination-based visa policy,” Indians can now enjoy the UAE’s Golden Visa for life by paying a fee of Rs 23.30 lakh, beneficiaries and people involved in the process told PTI. Over 5,000 Indians will apply for this nomination-based visa in three months, they said. Also Read: US Immigration Announces Big Change From July 1— Here’s A Number You Need to Save Now How can Indians apply for UAE’s Golden Visa? 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. Applicants seeking the UAE Golden Visa under the nomination category may obtain pre-approval from their home country without the need to visit Dubai. But the background check needs to 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. Rayad Kamal Ayub, Managing Director of Rayad Group, called this a golden opportunity for Indians to get the UAE’s Golden Visa and said, “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.” Also Read: US Immigration Warns Your Green Card, Visas Will Be Revoked If You Advocate For… “After this, RayadGroup will send the application to the government, which will make the final decision on the nomination-based Golden Visa,” he told PTI. “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.” 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. (With PTI inputs)