What is UAE’s new Golden Visa program for Indians?
The United Arab Emirates (UAE) has introduced a new type of Golden Visa for Indians and Bangladeshis, offering a residency in the country without the need for a trade license or property purchase. The Golden Visa program is designed to attract talented individuals who can contribute to the UAE’s culture, trade, science, finance, startups, and professional services. In this blog post, we will delve into the details of this new program and explore how Indians can benefit from it.
What is the Golden Visa program?
The Golden Visa program is a type of residency visa that allows individuals to live and work in the UAE for a period of five years. The program was first introduced in 2019, and since then, it has undergone several changes. The latest version of the program is designed to attract highly skilled individuals who can contribute to the UAE’s economy and society.
How does the new Golden Visa program for Indians work?
The new Golden Visa program for Indians and Bangladeshis is based on a nomination and approval process. Instead of requiring a minimum investment of AED 5 million (₹11.57 crore), applicants will be selected based on their potential contribution to the UAE’s culture, trade, science, finance, startups, and professional services.
To be eligible for the Golden Visa program, Indians and Bangladeshis must meet certain criteria, such as:
- Having a bachelor’s degree or higher from a recognized university
- Having a minimum of five years of work experience in a relevant field
- Having a minimum salary of AED 15,000 (₹34,000) per month
- Being nominated by a relevant entity in the UAE, such as a government entity, a company, or an organization
The application process involves submitting a nomination letter from the relevant entity, along with the required documents, such as a passport, degree certificates, and proof of work experience. The application will then be reviewed and approved by the relevant authorities in the UAE.
What are the benefits of the Golden Visa program for Indians?
The Golden Visa program offers several benefits to Indians, including:
- Residency in the UAE for a period of five years
- Access to high-quality healthcare and education in the UAE
- Ability to start a business or work in a relevant field
- Visa-free travel to other countries, including the Schengen countries
- Potential for permanent residency and citizenship in the UAE
How much does the Golden Visa program cost?
The Golden Visa program for Indians and Bangladeshis requires a one-time fee of AED 1,00,000 (₹23.27 lakh). This fee is non-refundable and must be paid in full before the application is processed.
How to apply for the Golden Visa program for Indians?
To apply for the Golden Visa program for Indians, individuals must first find a relevant entity in the UAE that is willing to nominate them. This entity can be a government entity, a company, or an organization. Once the nomination letter is obtained, individuals must submit the required documents, including a passport, degree certificates, and proof of work experience.
The application must be submitted to the relevant authorities in the UAE, along with the required documents and fees. The application will then be reviewed and approved or rejected by the authorities.
Conclusion
The new Golden Visa program for Indians and Bangladeshis offers a unique opportunity for individuals to live and work in the UAE without the need for a trade license or property purchase. The program is designed to attract highly skilled individuals who can contribute to the UAE’s culture, trade, science, finance, startups, and professional services. With a one-time fee of AED 1,00,000 (₹23.27 lakh), the Golden Visa program is an attractive option for Indians who are looking to reside in the UAE.
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