Golden Visa Bonanza: Lifetime UAE Residency for Indians for ₹20 Lakh
The United Arab Emirates has unveiled a revamped Golden Visa program, offering eligible Indian professionals lifetime residency for a fee of AED 100,000 (approximately ₹20 Lakh). This marks a significant shift from previous investment-based schemes.
The new initiative operates on a nomination basis, targeting skilled individuals across diverse sectors. While the relatively lower fee is attractive, the program is not a guaranteed pathway to residency.
Applicants will undergo rigorous background checks and must meet specific criteria to qualify. The UAE government hasn’t publicly detailed these criteria, leading to some uncertainty amongst prospective applicants.
This development holds immense significance for Indian professionals seeking long-term opportunities in the UAE. The ease of access, compared to previous requirements, could see a surge in applications, boosting bilateral ties and potentially impacting India’s skilled workforce dynamics. Further clarity on the eligibility criteria is keenly awaited.
