UAE Golden Visa Latest Updates: Reports said that the fee for this golden visa has been fixed at around 1,00,000 AED (United Arab Emirates Dirham) or Rs 23.3 lakh in Indian rupees.
UAE Golden Visa Latest Updates: Indians going to the United Arab Emirates have got a great news. The Middle East country United Arab Emirates (UAE) has started a new nomination based golden visa program. In this, foreign citizens (including Indians) can stay in the UAE for life by paying a fixed fee. With the arrival of this new golden visa program, it will be much easier for foreign citizens to settle in the UAE than before. Earlier, for a 10-year renewable residency visa, one has to invest 2 million AED (about Rs 4.7 crore) in local real estate in the UAE.
Application with a fixed amount of Rs 23 lakh
At present, the UAE government has not issued any official notification regarding the Golden Visa program. Reports said that the fee for this Golden Visa has been fixed at around 1,00,000 AED (United Arab Emirates Dirham) or Rs 23.3 lakh in Indian rupees. To get this, there is no need to invest in local property as before.
According to reports, at present it will be started for the citizens of India and Bangladesh in the pilot phase. More than 5,000 applications are expected in the first three months. The UAE government has chosen the Rayad Group for the Golden Visa program.
What is special about this Golden Visa
The expert team of Rayad Group will evaluate the profile to determine eligibility for the Golden Visa program. After this, the applications will be sent to the UAE government for approval. According to reports, the special thing about this Golden Visa program is that you will not need to go to Dubai.
Application for this can be done through VASCO centers (Visa Concierge Service Company) and Rayad Group offices in India and Bangladesh. Reports said that the special thing about the Lifetime Golden Visa is that the applicant can bring his family to Dubai. He can also hire staff for domestic help. Apart from this, the applicant can also run a job or his own business in the UAE.
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