UAE Golden Visa for Indians and NRIs: Facts vs. Myths

Correction Notice (July 10, 2025): Our previous article reported a new UAE Golden Visa program for Indians and NRIs, costing AED 100,000 (≈₹23 lakh), based on a Press Trust of India (PTI) report and claims by the Dubai-based Rayad Group. The UAE’s Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) has since clarified that no such program exists, and Rayad Group has apologized for disseminating incorrect information. We regret the error and are committed to providing accurate information to our readers. This updated article presents the verified facts about the UAE Golden Visa and guidance for NRIs.

United Arab Emirates Golden Visa: Debunking the ₹23 Lakh Myth

The UAE Golden Visa has been a topic of immense interest for Non-Resident Indians (NRIs) seeking long-term residency in a country known for its economic opportunities, tax benefits, and cultural familiarity. Recent misinformation about a “lifetime Golden Visa” for ₹23 lakh sparked excitement and confusion among NRIs. This article sets the record straight, detailing the legitimate UAE Golden Visa program, its eligibility criteria, benefits, and how NRIs can avoid falling for scams.

What Is the UAE Golden Visa?

The UAE Golden Visa, launched in 2019, is a long-term residency program offering 5- or 10-year renewable visas to investors, entrepreneurs, professionals, and talented individuals. Unlike standard UAE residency visas, the Golden Visa does not require a sponsor, allowing holders to live, work, and study in the UAE with greater flexibility.

Key benefits include:

• Tax Advantages: No personal income tax, capital gains tax, or inheritance tax.
• Global Mobility: Enhanced opportunities for international business and travel.
• Family Sponsorship: Visa holders can sponsor their families, including spouse, children, and parents.
• Cultural Fit: The UAE’s large Indian diaspora (40% of the population) offers a familiar community for NRIs.
• Myth Debunked: The Golden Visa is not a lifetime residency. Claims of a “lifetime” visa for ₹23 lakh are false, as confirmed by the UAE’s ICP.

Eligibility Criteria for the Golden Visa

The UAE Golden Visa is available to various categories, each with specific requirements. NRIs can apply through the following routes:

1. Investors:

• Invest AED 2 million (≈₹4.66 crore) in UAE property or an approved business.
• Property investments can include off-plan properties, but conditions apply.

2. Entrepreneurs:

• Own or partner in a business with significant economic impact, such as startups with high growth potential.
• Must provide proof of business viability and innovation.

3. Professionals:

• High-earning individuals (e.g., doctors, engineers, scientists) with a minimum monthly salary of AED 40,000 (≈₹11 lakh).
• Requires valid employment contracts and qualifications.

4. Talented Individuals:

• Scientists, artists, or cultural contributors nominated for their exceptional achievements.
• The nomination-based route, in place since 2019, is granted at the UAE government’s discretion and is not tied to a fixed fee like ₹23 lakh.

5. Students:

• High-achieving students with outstanding academic records, typically from UAE-based institutions.

Myth Debunked: There is no “nomination-based” Golden Visa program for Indians or Bangladeshis costing AED 100,000, as falsely reported. The nomination route exists but requires significant contributions to the UAE’s economy or society.

Application Process

To apply for a Golden Visa, NRIs should use official channels to avoid scams:

1. Official Portals:

• Apply through the UAE’s Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) website: icp.gov.ae.
• In Dubai, the General Directorate of Residency and Foreigners Affairs (GDRFA) also processes applications: gdrfad.gov.ae.

2. Required Documents: Vary by category but typically include:

   • Passport and current visa copies.
   • Proof of investment (e.g., property title deed) or salary certificates.
   • Academic or professional credentials.
   • Medical fitness certificate and Emirates ID application.

3. Processing Fees:

• Official fees range from AED 2,000 to AED 5,000, excluding investment costs.
• Beware of consultancies charging exorbitant “facilitation fees,” like the ₹23 lakh quoted by Rayad Group.

Warning: Avoid unofficial agencies or consultancies promising guaranteed visas for large payments. Always verify information through official UAE government channels.

The ₹23 Lakh Golden Visa Misinformation: What Happened?

In early July 2025, a viral report claimed the UAE was offering a “lifetime Golden Visa” for Indians and Bangladeshis for AED 100,000 (≈₹23 lakh), facilitated by the Dubai-based Rayad Group. The story, initially published by PTI, was amplified by Indian media, sparking excitement and social media buzz, including memes and debates about affordability.

On July 8, 2025, the UAE’s ICP debunked the claim, stating:

• No new Golden Visa program exists for specific nationalities at a fixed fee.
• The nomination-based route, available since 2019, is discretionary and not tied to a ₹23 lakh payment.
• The reported fee was likely Rayad Group’s facilitation charge, not an official cost.

Rayad Group issued an apology on July 9, 2025, taking responsibility for spreading “incorrect” information. VFS Global, initially mentioned as a partner, denied any involvement. The incident highlighted the risks of unverified news and the need for NRIs to rely on official sources.

Benefits for NRIs

For NRIs, the Golden Visa offers significant advantages:

• Economic Stability: The UAE’s robust economy and zero-tax environment are ideal for professionals and investors.
• Diaspora Support: A large Indian community provides cultural and social networks.
• Education and Healthcare: Access to world-class schools and medical facilities for families.
• Geopolitical Appeal: Amid regional tensions (e.g., Iran-Israel conflicts), the UAE remains a stable destination.

However, NRIs should note:

• High Living Costs: The UAE, especially Dubai, has a high cost of living, which may offset tax benefits for some.
• Renewal Requirements: The visa is renewable, not permanent, and continued eligibility (e.g., maintaining investments) is required.

How NRIs Can Avoid Visa Scams

The ₹23 lakh Golden Visa saga underscores the importance of vigilance. Here’s how NRIs can protect themselves:

1. Verify Sources: Check information on official UAE websites (e.g., icp.gov.ae) or contact UAE embassies.

2. Avoid Unofficial Agencies: Consultancies like Rayad Group may charge high fees for non-existent services. Use authorized channels only.

3. Be Skeptical of “Deals”: Offers promising easy residency for a fixed fee are often too good to be true.

4. Stay Informed: Follow reputable news outlets and cross-check viral stories on trusted platforms like X.

Conclusion

The UAE Golden Visa remains an attractive option for NRIs seeking long-term residency, but misinformation like the ₹23 lakh visa rumor can mislead eager applicants. By understanding the legitimate eligibility criteria, applying through official channels, and avoiding unverified agencies, NRIs can pursue this opportunity safely. NRI News Club is committed to delivering accurate updates on visa policies and other NRI-relevant topics. Stay tuned for more reliable insights!