UAE woos Indians: Golden Visa does not need trade licence or property purchase |
India and Indians’ rising economic prowess is being recognized by the world. For long, an investment haven for Indians, the United Arab Emirates (UAE) has drastically reduced Golden Visa requirements for Indians making it easier to get residency. So, many more Indians, including professionals such as nurses, teachers, IT persons, entrepreneurs, students etc., are eligible for the Golden Visa. Revised guidelines allow individuals to be nominated for long-term residency with certain conditions. No more do they have to show significant financial investments in property or business ventures., Indian citizens represent one of the largest expatriate populations in the UAE and also a significant number are affluent. The UAE is and will continue to attract South Asians due to tax-friendly policies, advanced infrastructure and overall political and economic stability. Now, lifetime residency can be secured in the UAE under the new nomination-based Golden Visa scheme by paying a fee of UAE Dirham 100,000 (approximately Rupees 23.3 lakh). Reports said now more than 5,000 Indian nationals could apply for this nomination-based visa within a span of three months.
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