The United Arab Emirates (UAE) government has released a new type of Golden Visa that operates on a nomination foundation. This new visa comes with situations and offers lifetime residency to qualifying individuals.
Until now, Indian applicants need to obtain this visa through making an investment not less than AED 2 million (about Rs 4.66 crore) in assets or by making big investments in a business based in the UAE.
Lifetime Golden Visa at Rs 23.30 lakh
Under the new rule, Indians can now steady a lifetime UAE Golden Visa by paying AED 1,00,000 (around Rs 23.30 lakh). According to people involved in process, over 5,000 Indians expected to apply in three months.
India and Bangladesh selected for the first round of this pilot programme. The Rayad Group has selected to oversee and check the nomination-based visa procedure in India.
Eligibility, history test and application Process
Rayad Group’s Managing Director, Rayad Kamal Ayub, explained that an intensive history test, includes legal file, anti-money laundering status, and social media interests, are conducted for all candidates applying for Golden Visa. The analysis evaluate how candidates gain the UAE in area include life, finance, trade, technology, startups, and professional services.
Once cleared, application will forwarded to the UAE government, with a purpose to make the final decision. Applicants can submit their paperwork through One VASCO centres in India and Bangladesh, Rayad Group’s registered office, the net portal, or through the devoted call centre.
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