UAE Launches Nomination-Based Golden Visa for Indians: No Investment Required

In a significant shift in immigration policy, the United Arab Emirates (UAE) has launched a nomination-based Golden Visa programme for Indians, offering lifetime residency without the requirement to invest in property or business. This new initiative is a departure from the previous policy, which mandated a minimum investment of AED 2 million (approximately ₹4.66 crore) in real estate or business assets.

Applicants can now qualify by paying a one-time fee of AED 1,00,000 (approximately ₹23.3 lakh). The programme is designed to recognize achievements in various fields such as science, the arts, culture, finance, startups, and trade. The pilot is currently open to citizens of India and Bangladesh, with over 5,000 applications expected from India in the first quarter.

In India, the Rayad Group has been appointed as the official consulting partner and is managing applications through VFS Global and One Vasco centres. Applicants can also use Rayad’s digital portal or hotline for submission. Rayad Group's Managing Director, Rayad Kamal Ayub, explained that the selection process involves extensive background checks, including financial scrutiny, criminal records, and digital footprint assessments.

While the consultancy facilitates the nomination, the final decisions on visa applications rest with UAE immigration authorities. Successful applicants can sponsor family members, hire staff, and engage in economic activities. Unlike investment-linked visas, this new visa offers lifelong validity regardless of asset ownership, making it a highly attractive option for many.

Officials suggest that the programme is a reflection of the growing ties between India and the UAE, particularly following the Comprehensive Economic Partnership Agreement (CEPA) trade deal. The initiative may also expand to include other CEPA partners, such as China, in the future.

The new Golden Visa programme is expected to enhance the economic and cultural ties between India and the UAE, providing a streamlined and accessible path for Indians to establish a long-term presence in the UAE. This move is likely to benefit professionals, entrepreneurs, and families seeking to relocate to the UAE, while also contributing to the country's diverse and dynamic expatriate community.