UAE Introduces New Dubai Golden Visa for Indians: The United Arab Emirates has begun offering a new nomination-based Golden Visa to Indian nationals in a landmark decision to enhance the strategic collaboration with its long-term strategic ally India and to provide Indians with a convenient and straightforward route to long-term residency in Dubai.
This new policy will enable this country to receive thousands of competent Indian citizens to exploit the potentials behind the country without millions of dollars commitment as required under the previously available schemes of golden visas.
By agreeing to India and Bangladesh, Dubai has picked these two countries as pilots in which this initiative will be tested and later extended to other CEPA (Comprehensive Economic Partnership Agreement) countries. Here is everything you need to know about the Dubai Golden Visa available to Indians, including its price, perks and process.
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What is the Price of the New Dubai Golden Visa?
The available new golden visa of the Indian has a fixed application cost of AED 100,000. Compared to the earlier version of a golden visa where one had a minimum requirement of investing up to 2 million AED, this nomination based initiative has reduced the financial threshold remarkably, which can enable more viable individuals including professionals, entrepreneurs, and influencers to participate.
Top Perks of the New Nomination-Based Golden Visa
This new golden visa in Dubai has so many benefits, which provide stability, flexibility, and long-term security:
- Lifetime Validity
The nomination-based golden visa cannot be revoked unlike the property-linked visa that would be invalidated in case the asset would be sold or transferred. - Family Inclusion
Visa holders have the ability to sponsor and invite members of their immediate family to Dubai which includes their spouse and children. - Domestic Help and Driver Sponsorship
The resident visa holders also have the provision of bringing in a lady help and a driver to sponsor their in-home stay as well as their driving rights. - Freedom to Work and Start Businesses
Those who have visas have the right to work in different fields of profession or to establish and manage their own businesses in Dubai. - No Investment Required
Alternatively, the gold visa is completely founded upon a nomination and background examination which eliminates the previous condition of investing in a property or business.
How to Apply for the New Golden Visa in Dubai?
It is a straightforward procedure, though there is an extensive vetting period, as the eligible individuals must fit the goals of the UAE regarding economic and social development.
Here’s how it works:
- Eligibility & Nomination:
Candidates are not required to present any investment documents, but have to pass a nomination stage. They ought to be investors, entrepreneurs, people who can contribute to culture or addition to the UAE economy or society. - Background Checks:
A detailed background screening will be conducted. This includes:- Anti-money laundering check
- Criminal record verification
- Analysis of social groups in evaluation of credibility and congruence with UAE values
- Evaluation of the applicant potential in such areas as culture, finance, trade, science, startups, and professional services
- Submission & Pre-Approval:
- It is possible to apply through a One VASCO centre in India and Bangladesh, the official web-based portal, registered offices, or a dedicated call centre.
- It can also be pre-approved in the country of residence of the applicant.
- Final Approval:
After the vetting exercise, the application is then forwarded to the government of the UAE to seal off the deal and release the visa.
The consultancy, Rayad Group which will oversee the pilot phase in India will liaise with the UAE government to process and finalize nominations.
Why This Visa Matters
The reports say that an approximate of 5,000 Indians are being expected to apply to the visa over the three months. In case it does work out, the pilot is likely to spread to the other CEPA (Comprehensive Economic Partnership Agreement) countries, where more skilled professionals of the countries will get a chance to positively experience a long-term prospect in the UAE.
According to the MD of Rayad Group, Rayad Kamal Ayub, it is a golden opportunity that Indians can seize and have a new avenue of having easy and inclusive residency to be occupied by those who qualify already.
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Conclusion
Indians will delight in their new Dubai Golden Visa, which is a daring and inclusive move to empower businesspeople and practitioners in the eastern region, as one of Emirates strongest trade partners. A relatively low cost and without any investment requirement coupled with the lifetime nature of this visa, it allows endless possibilities in one of the most active business and lifestyle centers in the world.