logo
#

Latest news with #OneVasco

Is INR 23.3 Lakhs enough for UAE's Golden Visa? Here's what you really need
Is INR 23.3 Lakhs enough for UAE's Golden Visa? Here's what you really need

Time of India

time08-07-2025

  • Business
  • Time of India

Is INR 23.3 Lakhs enough for UAE's Golden Visa? Here's what you really need

Recently, the UAE announced its Golden Visa for Indians with some new rules. The news took the world by surprise as the country was offering a lifetime visa, a golden opportunity for many at INR 23.3 lakhs (approximately AED 100,000)! The opportunity is perfect for global investors, skilled professionals, and business people to secure long-term residency. But many are left wondering—is INR 23 lakh all you need to get a permanent residency visa in the Emirates? Well the short and clear answer is No. INR 23.3 lakhs alone is not all you need for a Golden Visa. While it is a prime feature for certain categories, qualifying for the UAE's 10-year residency program involves more than just money. What is the UAE Golden Visa ? The Golden Visa was launched in 2019 offering a long-term residency visa valid for 10 years. It was introduced to attract global talent and investment by allowing foreigners to live, work, and study in the UAE without the need for a national sponsor. The visa targets skilled professionals, investors, entrepreneurs, scientists, and exceptional students. What is the deal with INR 23.3 Lakhs Claim The headlines said that AED 100,000 (roughly ₹23.3 lakhs) typically refers to the minimum bank deposit required for getting the visa. The fee covers lifetime eligibility—meaning the holder doesn't lose the visa even if they no longer work or invest in the UAE. However, it is only one piece of the puzzle. Qualifications for the Golden Visa Senior professionals in education, health care, and corporate sectors Experienced nurses University lecturers, and school teachers Content creators such as YouTubers, podcasters, authors, and filmmakers E-sports players, coders, and other digital professionals To qualify: Applicants must be nominated by an approved UAE partner organization Undergo background checks for criminal, financial, and social media history Demonstrate value to the UAE economy or society No recurring property tax or investment maintenance How to apply Contact an authorized agent – Currently, the Rayad Group, in partnership with VFS Global and One Vasco, is managing the nomination and screening process in India. Submit your nomination – Share your qualifications, background, and intent through One Vasco centres in India Complete security and background checks Receive your Golden Visa approval. Once approved, your visa will be issued and valid for life. Rayad Kamal Ayub, Managing Director of Rayad Group—one of the agencies assisting with the nomination process—described it as 'a golden opportunity for Indians,' while also mentioning that 'the final decision rests entirely with the UAE authorities.' So, no, in short INR 23.3 Lakhs is not all you need!

UAE Golden Visa guide: How to apply, who qualifies, cost and routes
UAE Golden Visa guide: How to apply, who qualifies, cost and routes

Business Standard

time08-07-2025

  • Business
  • Business Standard

UAE Golden Visa guide: How to apply, who qualifies, cost and routes

The United Arab Emirates recently launched a new route to its Golden Visa, allowing Indians to secure long-term residency without investing in property or business. Instead, the visa will be granted through a nomination process, with a one-time fee of AED 100,000 (around ₹23.3 lakh). India and Bangladesh are part of the initial pilot phase, and a consultancy named Rayad Group has been appointed to run the process in India. But this is just one among many categories of golden visas offered by the UAE government. The nomination-based Golden Visa adds to the country's wider residency offerings for investors, entrepreneurs, skilled professionals, and high-achieving individuals. Unlike traditional routes that rely on asset ownership or business investment, this one allows residency without maintaining any physical or financial stake in the UAE. UAE Golden Visa eligibility Who is eligible under the new nomination route This pilot scheme targets individuals with demonstrated or potential merit in areas like science, education, digital media, healthcare, finance, e-sports, maritime, and start-ups. • Nomination by authorised agencies such as Rayad Group, VFS Global, or One Vasco • Clean criminal and financial background • Vetting process including anti-money-laundering checks and social media reviews • Final approval by UAE authorities, regardless of nomination Applicants cannot self-nominate, and the AED 100,000 fee does not guarantee approval. The visa, once issued, is valid for life. It also allows sponsorship of a spouse, unmarried daughters of any age, sons up to age 25, parents, and domestic staff. Traditional Golden Visa options still available While the new route is being piloted, existing visa categories remain in place: Public investor: AED 2 million in company shares or deposits All categories require supporting documents and clearance from the UAE government. UAE Golden Visa application process Traditional investment routes: • Choose a category (real estate, business, financial) • Compile documentation such as title deeds, medical checks, police clearance, and insurance • Apply through UAE portals like ICP or emirate-specific systems • Complete biometrics and receive Emirates ID Nomination-based pilot: • Verify eligibility with an authorised agency • Complete background checks, including social media audit • Pay AED 100,000 if shortlisted • Visa is issued remotely; agency assists with logistics What the Golden Visa fee covers, and what it doesn't Though the AED 100,000 fee covers visa issuance, applicants may also face additional costs such as: • Relocation and housing • Private health insurance • Agent or legal support • Children's school or university fees The visa provides residency and sponsorship rights, but does not lead to permanent residency or citizenship. Why Indians may be cautious of UAE Golden Visa 'Dubai's golden visa is attractive due to its proximity to India,' Prashant Ajmera, immigration attorney at Ajmera Law Group told Business Standard. 'For someone in Mumbai, travelling to Dubai is as easy as going to Kolkata.' However, he added that many golden visa holders use it more as a secondary residence or holiday base. 'The extreme summer heat—often 45 to 50 degrees Celsius—makes year-round living impractical. Hotels charging $400 per night in peak season drop to $150 in summer because demand falls.' Ajmera also pointed out that the UAE's golden visa does not lead to permanent residency or citizenship. 'That's a major factor for Indian families who are evaluating long-term migration. For those with school-age children, Dubai's schooling options are improving, but higher education still requires sending children to the US, UK, or Canada.' 'Many Indian investors explore the golden visa route but often prefer countries where taxation, language, and long-term benefits align better with their future plans,' he said. Where to get help for UAE Golden Visa Those interested in applying can check eligibility and requirements on the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) website. For applications in Dubai, the General Directorate of Residency and Foreigners Affairs (GDRFAD) is the designated body. The nomination-based model, while promising a simpler entry route, remains selective. UAE authorities continue to screen applicants based on merit and background—financial capacity alone is not enough.

UAE opens direct Rs 23 lakh route for Indian Golden Visa. All you need to know
UAE opens direct Rs 23 lakh route for Indian Golden Visa. All you need to know

India Today

time08-07-2025

  • Business
  • India Today

UAE opens direct Rs 23 lakh route for Indian Golden Visa. All you need to know

The UAE just launched a nomination-based Golden Visa for Indians, no trade licence or property needed. You pay a one-time fee of AED 100,000 (around Rs23.3lakh), and after vetting, you get permanent residency. That's a big shift from earlier rules requiring an AED 2million investment in real estate or ELIGIBLE?Now open to anyone who boosts the UAE's economy or culture, from scientists, teachers and nurses with 15+ years' experience to startup founders, YouTubers, podcasters, esports athletes, maritime pros and yacht owners. Rayad Group, with partners like VFS and One Vasco, handles applications in PROCESS IN BRIEF1. Nomination by authorised bodies.2. Background checks: AML, criminal records, social media reviews.3. Fee payment: AED 100,000.4. Final approval from UAE authorities no need to visit the UAE during the IT MATTERS? This new UAE nomination-based visa remains valid for life, even if you sell property or close a business. You can bring family, drivers, domestic helpers, and work freely, unshackled by previous investment 5,000 Indians are expected to apply within the first three months. This move strengthens cooperation under the India-UAE CEPA, effective May 2022, and is a pilot ahead of expansion to other countries like STAYS THE SAME?Other Golden Visa options remain, like AED 2million in real estate, AED 500,000 in startups, or recognised talent categories (doctors, nurses, teachers, humanitarian workers, content creators, esports athletes, etc.).PEOPLE ALSO ASK THESE QUESTIONS:Q1. How to apply for UAE Golden Visa from India?To apply for the new nomination-based UAE Golden Visa from India:1. Nomination: You need to be nominated by authorised entities such as the Rayad Group, which operates with partners like VFS and One Vasco.2. Eligibility Check: Your background will be vetted, this includes criminal records, anti-money laundering checks, and even your social media activity.3. Pay the fee: If approved, you must pay AED 100,000 (approximately Rs 23 lakh).4. Approval: After verification and payment, the UAE government issues the Golden Visa.5. No need to visit the UAE during the process. Everything can be done remotely from India.Q2. Is the UAE giving a Golden Visa for Rs 23 lakh?Yes. As per the new nomination-based route, eligible Indians can now get the UAE Golden Visa by paying AED 100,000, which is roughly Rs 23 lakh. This method does not require property ownership or a trade licence, unlike earlier.Q3. What are the benefits of UAE Golden Visa 2025?Some of the major benefits of the UAE Golden Visa include:Lifetime residency in the need to maintain property or business once the visa is to work or start a business in the of family members, domestic workers, and flexibility and long-term stability without the usual visa the UAE giving a Golden Visa for Rs 23 lakh?Yes, under the new process, eligible Indians can get a UAE Golden Visa by paying AED 100,000, which is about Rs 23 lakh. This is a nomination-based route, so not everyone qualifies automatically. You must meet certain criteria and pass background checks.Q5. Is the Golden Visa a lifetime?Yes, under this new nomination-based model, the UAE Golden Visa is granted for life. You do not need to invest in property or keep a trade licence active to maintain the visa. Once issued, it remains valid even if you no longer own assets in the UAE.- EndsMust Watch

No Business, No Property? No Problem – UAE Opens Doors To Lifetime Residency For Indians
No Business, No Property? No Problem – UAE Opens Doors To Lifetime Residency For Indians

India.com

time07-07-2025

  • Business
  • India.com

No Business, No Property? No Problem – UAE Opens Doors To Lifetime Residency For Indians

New Delhi: In the bustling visa offices of Delhi and Dhaka, there is a new buzz. It is not about real estate and launching companies. It is about a golden card to the Gulf minus the old baggage. For years, wealthy Indians dreaming of living in Dubai or Abu Dhabi had to buy properties worth crores or pour money into businesses. No papers, no penthouses, no visa. But that rulebook just got a rewrite. The United Arab Emirates (UAE) has rolled out a nomination-based Golden Visa for Indians. You do not need a trade license. You do not need to purchase property. You do not even need to set foot in the UAE before your visa gets stamped. All you need is AED 1,00,000 (about Rs 23.3 lakh) and a clean slate. No criminal records. No money laundering. No social media skeletons. It is a pilot. India and Bangladesh are the first to get a seat at this new table. And the UAE is not doing it out of charity. This move is tied to growing partnerships, especially the Comprehensive Economic Partnership Agreement (CEPA) with India that kicked off in May 2022. The Golden Visa has gone from being an elite prize to a soft-power tool. The paperwork is not a free-for-all. Rayad Group, a UAE-based consultancy, has been appointed to manage the nomination process. They are running background checks – deep ones. Think financial trail, legal history and digital footprint. Once done, they will forward the names to UAE officials for final approval. 'This is a golden window for Indian professionals, thinkers, creators and even retirees. You do not need to be a tycoon to live in the Emirates anymore,' said Rayad Kamal Ayub, who heads the group. Applications can be filed through One Vasco centres in India and Bangladesh or online via Rayad's portal. The numbers are already ticking. Over 5,000 Indians are expected to apply in just the first three months. And it is more than just a visa. It is a lifetime card. It gives you the right to live, work, sponsor family members, hire domestic help and do business. Unlike the earlier property-based system, this new visa does not vanish if you sell your house or shut your company. That is a big shift and a calculated one. The UAE wants more Indians. More long-term residents. More ties that go beyond weekend tourism and Expo selfies. The Gulf country is reshaping who it wants inside its borders, and India is clearly in its top picks. The plan does not stop here. China and other CEPA nations are next. The message is the Gulf is open for long-term bonds, not just short-term profit. For tens of thousands of Indians looking westward, this a lifeline and a statement. The gates have opened – this time, without a price tag on property deeds.

A world that unfolds with every swipe introducing
A world that unfolds with every swipe introducing

Time of India

time24-06-2025

  • Business
  • Time of India

A world that unfolds with every swipe introducing

Academy Empower your mind, elevate your skills Move in style: Travel in chauffeur-driven luxury cars at a 25% discount and get a 35% discount on premium cars. Choose between luxury sedans or helicopter rides for airport transfers. Complimentary visa services: Avail doorstep biometric visa services, lounge access, and concierge assistance through partners such as OneVasco and Atlys. Make the most of being a frequent flyer: Get unlimited access over 1,300 domestic and international airport lounges in 148 countries and 600 cities worldwide. CribLife Lifestyle Management Services: From last-minute restaurant reservations at the likes of Noma to securing concert tickets, consider it done. Welcome to The Quorum Club: Gain exclusive access to private, invite-only events at The Quorum Club, with discounts on membership, entertainment, and dining. Luxury stays: Enjoy complimentary stays and numerous discounts at world-renowned hotels and resorts with your ICICI Bank Times Black card. Events to remember: Mingle with India's crème de la crème through access to events such as the Times Lit Fest, ET Startup Awards, ET Conversations, and The Royal Table. Points to ponder: Earn 2% reward points on domestic spends and 2.5% on international spends. The latter effectively earns you a 1% net on global spending. X marks the spot: Up to 6x rewards on flights, 6x rewards on vouchers, and 12x rewards on hotels. Low forex markup: At just 1.49%, this is among the lowest in its class. Milestone marketplaces: Unlock milestone rewards for fine art, designer labels, and much more. Picture this: You're being whisked from your home to the airport in a luxury sedan—or even a helicopter. Your international flight booking just saved you 12%. You bypass the queues and relax in a plush airport lounge with unlimited access across 1,300+ locations worldwide. The visa? Already handled, with doorstep biometric services. Next stop: the Masai Mara, with Jonty Rhodes as your host, or perhaps a taping of The Tonight Show Starring Jimmy Fallon in New this sounds like a fantasy, it's because most cards stop at promise. The Times Black ICICI Bank Credit Card delivers on a category where most premium credit cards blur into one another, the Times Black ICICI Bank card carves out a distinctive identity. Tailored for India's globally mobile, experience-driven elite, it reframes what premium living looks like today. With a focus on curated travel access, high-value rewards, and lifestyle services that anticipate rather than react, the card signals a shift from transactional utility to thoughtful its form tells a story. Forged from a metal alloy infused with the original printing plates of The Times of India, the card is not merely a payment instrument, it's a symbol of apply offline, visit your nearest ICICI Bank using the ICICI Bank branch locator and request KYC is complete. How many days will it take to approve my card?It takes around seven business days after KYC completion to process the card application. You will receive an SMS and email notification upon can I use the milestone benefits attached with my Times Black ICICI Bank credit card?You can redeem these benefits once you reach the respective spending milestone on your card. For more details on annual fees, spending milestone benefits, and other FAQs, visit the Times Black website The ICICI Bank Times Black Credit card is a rare metal card and stands out as a statement of sophistication and exclusivity. Whether you're a connoisseur of fine living, a frequent flier and traveller, or someone who values the seamlessness of premium services, it is thoughtfully designed to elevate your complimentary benefits and exclusive events to curated concierge experiences and milestone privileges, this credit card unlocks a world where each swipe is something extraordinary. Check your eligibility at

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store