UAE Introduces New Nomination-Based Golden Visa For Indian And Bangladeshi Residents

New Visa Alternative for Simplified UAE Residency

The United Arab Emirates (UAE) has introduced a new type of its well-known Golden Visa. The new alternative is unlike the usual methods involving massive property investments or business. Rather, it presents a nomination-based Golden Visa.

Pilot Program Targets Indian and Bangladeshi Residents

As part of a first-time pilot program, the UAE will make available this new visa category to the residents of India and Bangladesh. The UAE has chosen an Indian advisory company, Riyadh Group, for handling this procedure.

Lower Cost Compared to Traditional Golden Visas

Earlier, Indian applicants were required to make a minimum investment of 20 lakh AED (around Rs. 4.66 crore) in real estate or business to be eligible for a Golden Visa. With the new regime, one can obtain a life-long Golden Visa by paying an upfront payment of 1 lakh AED (around Rs. 23.30 lakh).

Anticipated High Interest from Indian Applicants

Around 5,000 Indians are likely to apply for this visa in the next three months, sources estimate. Managing Director of Riyadh Group, Riyadh Kamal Ayub, labeled it as a big opportunity for UAE residency for Indian nationals.

Strict Screening Process in Place

Applicants will go through various background checks. These encompass criminal record reviews, anti-money laundering checks, and social media behavior. The company will also evaluate the potential of each applicant in helping the UAE's industries such as finance, trade, science, startups, and employment services.

Straightforward Application Process Without Dubai Travel

There is no necessity to travel to Dubai during the application procedure. Applicants are required to get prior clearance from their country of origin. Candidates can submit their applications at: