Golden visa UAE: New visa needs no investment, but a one-time fee; How to apply?

The United Arab Emirates has launched a new Golden Visa, which is not investment-based. The new nomination-based visa offers applicants lifetime residency in the UAE by paying around ₹23.3 lakhs (AED 1,00,000). Unlike in the past, you don't have to invest in any business or property in the country. Earlier, Indians were eligible for the visa only through investments, including a minimum of AED 2 million in property. Under the new system, Bangladeshis and Indians can be nominated and approved based on their benefits to the UAE's finance, science, culture, startup, trade, and societal contributions, as well as their professional background. The beneficiaries can bring their families, run a business, or work in the UAE and also hire domestic staff in the country. 

Who can apply and how?
The pilot phase is launched for Bangladeshi and Indian users. Around 5,000 Indian applicants are expected in the first quarter. The applicants will be vetted for their social media behaviour, criminal record, contributions to the UAE, and anti-money laundering compliance. They need not visit Dubai initially and can submit applications via One Vasco centres in Bangladesh and India, Rayad Group's registered offices, a dedicated call centre, or an online portal. Rayad group is running the process in partnership with One Vasco centres and VFS. The final decisions on nominations rest with the government of the UAE. 

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