Latest news which said Indians can get a golden visa for 23 Lakhs turned out to be a rumour. The fake claim that said that UAE is providing a lifetime Golden Visa for just 23 Lakhs (AED 100,000) went viral online for its accessibility and seemed too good to be true. It is speculated that the claim originated from some websites and media outlets in India and abroad. Recently, the UAE’s immigration authority dismissed all such rumours to bring clarity to the crowd.
Officials have confirmed that the eligibility criteria and minimum investment requirements for the UAE’s Golden Visa remain unchanged. In reality, the minimum investment is significantly higher than what the false claim suggested. Typically, a business or real estate investor must invest over AED 2 million, while entrepreneurs are required to invest at least AED 500,000—along with meeting other eligibility criteria.
Furthermore, the recent news has sparked online debates about the general awareness of the UAE’s Golden Visa program. This is a special long-term residence visa offered to foreign nationals, allowing them to live, work, and study in the UAE without the need for a local sponsor. The visa is issued for 5 or 10 years and is automatically renewed if the individual continues to meet the eligibility criteria.
Although the visa is intended to attract individuals who can significantly contribute to the country’s economy, the recent news sparked skepticism and debate online. Many felt the offer seemed too good to be true—questioning how such a rewarding immigration program could cost no more than a mid-size SUV.
The Golden Visa program remains unchanged and aims to attract those who can help the nation’s economy to flourish in future. Usually, the program attracts HNI’S (high net-worth individuals) from all over the world. Are you an investor, entrepreneur, high skilled professional, outstanding student interested in this program? Get in touch with the best immigration and visa consultant in Delhi at Glocal opportunities today to know its eligibility criteria, minimum investment, type of investment, and more about the UAE’s Golden Visa.
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