The United Arab Emirates government has launched a new type of golden visa, which will be based on enrollment with certain conditions, unlike the current practice of either property or business.
So far, one of the ways of Dubai’s Golden Visa from India was to invest in a property, which should be at least two million (Rs 4.66 crore), or invested a large amount in trade in the country.
Under the “new enrollment-based visa policy”, Indians can now enjoy UAE’s golden visa for life by paying a fee of AED 1,00,000 (23.30 lakhs around INR), beneficiaries and people involved in this process have told PTI,
He said that more than 5,000 Indians will apply for this enrollment-based visa in three months.
India and Bangladesh have been selected for the first phase of testing of this visa, and a counseling called Raid Group has been chosen to test the initial form of enrollment-based Golden Visa in India.
RED Group Managing Director Red Kamal Ayub said that this is a golden opportunity for Indians to get a UAE golden visa.
Whenever an applicant applies for this golden visa, we will first examine their background, which will include money-recording and criminal record checks, as well as their social media, ”said Raid Kamal.
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Background check will also show whether and how the applicants in the UAE market and commercial activities in any other way culture, finance, business, science, start up, professional services, etc.
“Next, the Redgroup will send an application to the government, who will take a final decision on nomination-based Golden Visa,” he said.
Applicants looking for UAE Golden Visa under the enrollment category can get pre-inflammatory from their country without the need to go to Dubai.
“India and Bangladesh, our registered offices, our online portal or our dedicated call center can be submitted through a Vasco centers (Visa Kansia Seva Company),” he said.
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After receiving a golden visa, one gets the freedom to bring his family members to Dubai. Raid Kamal said, “You can also keep servants and drivers based on this visa. You can do any business or professional work here,” the property-based golden visa ends in terms of property sales or divisions, but the nomination-based visa will be forever.
The UAE government initiative and the selection of India as the first country for this visa reflects strong business, cultural and geopolitical relations between India and the UAE, which has become stronger after the Cast Economic Participation Agreement (CEPA) between the two countries, which are effective since May 2022.
The Golden Visa enrollment process is an agreement between the UAE and its (Cast Economic Partnership Agreement) CEPA signatories/partner countries. It is a pilot project that has started with India and Bangladesh and will soon join China and other CEPA countries.
Rayadgroup and VFS have been selected for the applicants for vet and then forwarded to UAE officials.
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