UAE Golden Visa: United Arab Emirates (UAE) has eased its Golden Visa regulations. You are no longer required to purchase propety for Golden Visa. Neither you have to invest. It is now open for lots of professionals and skilled and talented individuals. Indian educated and skilled professionals can now also apply for Golden Visa by paying a fee of approximately Rs 23 lakh. There was a requirement of Rs 4 core investment for this Golden Visa. Now, under the new rules, long term residency visa or Golden Visa will be available to professionals like teachers, nurses, health workers and yes, even YouTubers. Earlier only ultra rich investors or people with huge net worth were entitled to the Golden Visa.What Is The New Golden Visa?The Golden Visa could also be acquired via nomination in the UAE, meaning one does not necessarily have to possess a large asset in the form of property or business investment. Some rules do still apply. But it is anticipated that many people will benefit from this new rule considering Indian immigrants are in large numbers in UAE.Who qualifies for the new visa now?The Golden Visa title no longer is confined to businessmen, investors, or elite students. Now these Indian professionals have also been included in the Golden Visa. This list includes nurses, teachers and school heads, healthcare personnel, and even YouTubers, among others.These Indian professionals will receive Golden Visas nowNurses - specifically those with over 15 years of professional experience.Teachers and principals in schoolsHealthcare professionals such as physicians or other frontline personnelEducators - university professors and lecturers from different disciplinesDigital content creators – including YouTubers and those involved in podcastingCertified esports athletes above the age of 25Owners of luxury yachts and leaders in the maritime industryWhat is the fee amount?As per the changes made, there is a new range of fees set for those seeking to acquire Golden visas through nomination, set at AED 1 lakh which is equivalent to approximately Rs 23.3 lakhs. The estimate suggest over 5000 Indian citizens will be eligible to apply for this visa during the initial quarter.How was Golden Visa earlier?While it was launched in 2019, Golden Visa was only available for those who put in a hefty investment, like people buying multi-crore properties. Then in 2022, it was modified slightly and required a minimum investment of AED 2 million approximately Rs 4.6 crore for a 10 year visa.Why is this visa special?UAE’s Golden Visa essentially gives lifetime residency which reduces the hassle of renewing the visa over and over again. You can visit the UAE any time you wish. Along with the wealthy, now even dedicated skilled workers, artists and educators can long term stay with Golden Visa and build their careers there.
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