UAE Golden Visa at Rs 23 lakh: Know eligibility, fees, requirements and more
Instead of investing crores in property or business, eligible individuals can now get the visa by paying a one-time fee of AED 1,00,000 (approx. Rs 23.3 lakh). But while this sounds simple, there are still strict rules and eligibility criteria.
Let's break down the UAE Golden Visa fees, eligibility, requirements, and how to apply.
What is the UAE Golden Visa?
The UAE Golden Visa is a long-term residence permit that allows foreign nationals to live, work, study, and build a life in the UAE. It is offered for 5 or 10 years, and in most cases, it is automatically renewable.
Key benefits include:
No local sponsor required
Multiple entry visa
Ability to stay outside the UAE for extended periods
Full family sponsorship (spouse, children, parents)
Can sponsor domestic staff
Eligible to apply for Emirates ID and open a business
What's New in 2024? The Nomination-Based UAE Golden Visa
Previously, applicants had to invest at least AED 2 million (around Rs 4.66 crore) in property or business. But with the nomination-based system, things are changing.
Now, Indians and Bangladeshis can be nominated for a Golden Visa by approved UAE agencies and get the visa by paying AED 1,00,000 (around Rs 23 lakh), according to TOI report.
However, here's the catch:
You can't just pay the fee and get the visa. You still need to meet specific eligibility and vetting requirements.
UAE Golden Visa Eligibility Criteria
Eligibility for the UAE Golden Visa depends on your background—whether you're an investor, entrepreneur, student, talented professional, or humanitarian worker.
Here's a detailed look:
1. Investors
Must invest AED 2 million (Rs 4.66 crore approx.) in a UAE-accredited investment fund or property.
Must prove the money is not borrowed.
Medical insurance is mandatory.
Should pay AED 250,000 per year in UAE taxes.
2. Entrepreneurs
Must own a business worth at least AED 500,000 (Rs 1.17 crore approx.) in tech or innovation.
Approvals are needed from UAE-approved incubators and auditors.
3. Specialised Talents
Includes doctors, scientists, artists, executives, and athletes.
Need endorsement from a UAE government body.
Executives must earn at least AED 50,000/month (Rs 11.69 lakh approx.) and have 5+ years of experience.
4. Outstanding Students
High school students with 95%+ marks or university students from top institutions with high GPAs.
Eligible for 5–10 year visas.
5. Humanitarian Workers and Frontline Heroes
Must show long-term service and achievements.
Recognised contributions to society are required.
What is the Rs 23 Lakh Option?
The new nomination-based Golden Visa for Indians and Bangladeshis is being offered through approved agencies like:
Rayad Group
VFS Global
One Vasco
This visa type:
Waives the need for property or business investment
Still requires vetting based on profession, contribution to society, and economic potential
Involves criminal background checks, AML (Anti-Money Laundering) verification, and social media screening
Final approval rests with UAE government authorities.
Rayad Kamal Ayub, Managing Director of Rayad Group, called it 'a golden opportunity for Indians' but stressed that it's not a guarantee just because someone can afford the fee.
How to Apply for the UAE Golden Visa?
Whether through the traditional or nomination route, the application process follows these basic steps:
Step 1: Choose the Right Category
Decide if you're applying as an:
Investor
Entrepreneur
Student
Skilled professional
Humanitarian worker
Step 2: Prepare the Documents
Depending on your category, you will need:
Academic certificates
Salary slips or business ownership documents
Medical insurance
Bank statements and investment proof
Passport copy and photos
Government endorsements (for talents)
Step 3: Submit the Application
For traditional routes, visit the ICP Website (https://icp.gov.ae/) or use the ICP App.
For nomination-based visas, contact agencies like Rayad Group, VFS, or One Vasco.
You can also opt for the 'One Touch' Golden Visa service, a convenient option that combines application, biometrics, visa issuance, and Emirates ID registration in one step.
Step 4: Background Checks
Authorities will verify:
Criminal history
Financial compliance
Online activity and social media
Step 5: Get Approval
Once approved, you'll receive your UAE Golden Visa, which allows you to live, work, and sponsor family or domestic help in the Emirates.
Need Help? Contact UAE Officials
If you're unsure about your eligibility or the documents needed:
ICP (Federal Authority for Identity and Citizenship) handles general inquiries
GDRFAD (General Directorate of Residency and Foreigners Affairs - Dubai) for Dubai-specific applications
The UAE Golden Visa is More Than Just a Fee
Although the Rs 23 lakh UAE Golden Visa sounds like a fast-track option, it's still merit-based. Whether you're applying through investment, skills, or the new nomination route, meeting the eligibility requirements is essential.
This new policy is expected to boost applications, with over 5,000 Indians projected to apply in the first three months alone.
If you believe you meet the criteria, this could be your golden ticket to building a life in one of the world's most dynamic countries.
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