UAE Offers New Nomination-Based Golden Visa to Indians

The United Arab Emirates (UAE) has introduced a new type of Golden Visa for people from India and Bangladesh. This new visa is different from the old golden visa because people do not need to invest huge amounts of money in property or business to get it. Instead, the visa is based on nomination.

Old Golden Visa Required Big Investments

Earlier, if Indians wanted to get a golden visa for Dubai, they had to make big investments. They had to invest in a business or buy property worth at least AED 2 million, which is around ₹4.66 crore in Indian money. This was a huge amount for many people.

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New Visa Requires Less Money

But now, the new nomination-based golden visa does not require this big investment. Instead, people can get this visa by paying a fee of AED 1,00,000, which is about ₹23.30 lakh. This is much cheaper compared to the earlier cost. The news agency PTI reported this information after talking to people involved in this process and those who have benefitted from it.

5,000 Indians to Apply Soon

It is expected that around 5,000 Indians will apply for this new visa within the next three months. Along with India, Bangladesh has also been chosen to test out this new visa system. Dubai is testing this new policy with both countries before extending it to other nations.

Rayad Group Handling The Process

A consultancy company called Rayad Group has been given the responsibility to handle the first stage of this nomination-based golden visa in India. The Managing Director of Rayad Group, Rayad Kamal Ayub, said that this new visa is a ‘golden opportunity’ for Indians who wish to live, work, and grow in Dubai.

How Will The Process Work?

Many people are curious to know how this new visa process will work. Here is a simple explanation:

• First, interested people will apply for the visa through Rayad Group or its registered centres.

• Their background checks will be done properly. This includes checking their criminal record, anti-money laundering record, and even social media accounts.

• The purpose of checking social media is to see if the applicant can be useful to Dubai’s market, business, and culture.

• The UAE wants people who can contribute to its society in fields like culture, finance, trade, science, start-ups, professional services, and more.

Who Approves The Visa?

Once the background check is done:

• The Rayad Group will send the application to the UAE government.

• The UAE government will make the final decision on whether to give the nomination-based golden visa to the person.

Where To Apply For This Visa?

People who want to apply can submit their applications:

• Through One VASCO centres (visa concierge service company) in India and Bangladesh.

• At registered offices of Rayad Group.

• On their online portal.

• Through their dedicated call centre.

Do You Need To Visit Dubai?

Yes, the applicants need to visit Dubai and they can also obtain pre-approval from their home country before travelling.

Perks Of The New Golden Visa

This new nomination-based golden visa comes with many benefits:

1. Lifetime Validity

   • In the earlier property-based golden visa, if you sold your property or it got divided, your visa would end.

   • But with this new nomination-based visa, the visa remains valid forever, even if you don’t own a property there.

2. Family Benefits

   • People who get this visa can bring their families to Dubai.

   • They can also keep domestic help like housemaids and drivers, depending on their visa category.

3. Freedom To Work

   • Those who get the visa can do any business or professional work in Dubai.

   • They can start new businesses, work in companies, or join professional services.

Why Is UAE Offering This New Visa?

Dubai and UAE want to attract talented people from other countries who can help their economy grow. They want people who can contribute to their culture, science, business, and overall development. With this new visa system, UAE is making it easier for skilled and professional people to come and work there.

What About Other Countries?

Right now, the UAE is testing this new visa system with India and Bangladesh only. But once the pilot test is successful, they will extend it to other countries that are part of CEPA (Comprehensive Economic Partnership Agreement) with UAE.

What Did Rayad Kamal Ayub Say?

Rayad Kamal Ayub, the MD of Rayad Group, said:“This new nomination-based golden visa is a golden chance for Indians. It is much cheaper and simpler. People can apply easily, get approval, and bring their families. They can work in any business or professional field here.”

This new nomination-based golden visa by UAE is big news for Indians and Bangladeshis who always wanted to live and work in Dubai but could not afford the huge investments required earlier. Now, with a fee of ₹23.30 lakh, their dream of living in Dubai can come true if they clear the background checks and get nominated.

It is expected that many people will apply for this visa soon, as it gives more freedom, safety for the future, and an opportunity to grow professionally and personally in one of the most developed countries of the world.