UAE's Landmark Partnership with The Open Network
The Golden Visa program in the UAE has undergone a transformative update, thanks to a new partnership with The Open Network (TON). This collaboration introduces a 10-year residency option for those willing to stake $100,000 in TON for three years. The initiative not only lowers the financial barrier for residency but has also resulted in a remarkable 10% surge in TON's market value, reflecting heightened interest from global investors.
Lifelong Residency for Indian Nationals
In a significant policy shift, Indian nationals can now secure a lifetime UAE Golden Visa without the need for property or business investments. Instead, they can avail of this opportunity through a nomination-based process with a one-time fee of AED 100,000, approximately Rs 23.3 lakh. This approach extends to skilled professionals, educators, creatives, and even e-sports players, showcasing the UAE's dedication to attracting global talent.
Streamlined Application Process for Indians
The UAE's commitment to innovation is further evident in the simplification of the Golden Visa application process for Indians. The procedure is entirely digital, requiring essential documents such as passports, academic or professional credentials, and proof of income or investment. The application fee ranges between AED 2,800 to AED 4,000, inclusive of a medical examination and biometric registration.
Clarification on Crypto Investors and Golden Visas
Despite the innovative paths for Indians and TON stakeholders, the UAE has clarified that there are currently no provisions for granting golden residency to crypto investors. The Federal Authority for Identity and Citizenship, alongside other regulatory bodies, emphasized adhering to official procedures and warned against fraudulent claims. This clarification follows a misleading tweet claiming crypto investors could secure a 10-year Golden Visa.
The Future of Residency and Investment in the UAE
The UAE's evolving Golden Visa policies reflect a broader strategy to position itself as a global hub for innovation and talent. By lowering financial entry barriers and expanding eligibility categories, the UAE is setting a new standard in residency and investment programs. As these initiatives unfold, they promise to attract diverse talents and investments, reinforcing the UAE's status on the global stage.
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