The United Arab Emirates (UAE) government has launched a new ‘Golden Visa’ for Indian citizens, which will now be given on the basis of nomination instead of traditional investment or terms of purchase of property. Under this new scheme, people will no longer need to spend a large amount and invest property or investments. Instead, qualified candidates will be nominated and given visa.
UAE has chosen India and Bangladesh for the first phase of this initiative. Also, a consultancy called Rayad Group has been given the responsibility of conducting initial test of this ‘enrollment based Golden Visa’ in India.
What is a golden visa?
Golden visa is a special type of residency visa, usually given to high-investment capacity individuals (high-net-worth individuals-HNWIS). This visa offers them an opportunity to settle permanently in that country – whether they are immediately shifted or after retirement.
Benefits of Golden Visa-
Right to reside: Visa holders can live in that country.
Right to work: They are allowed to do work or business.
Right to Study: Visa holders and their family members can get education.
Access to Healthcare: They get the benefit of government health services of that country.
Why is it popular?
This visa is quite popular among those who:
Want to settle out of your country permanently,
Want to choose a safe and convenient country for retirement,
Or they are looking for better lifestyle, education and safety for yourself and your family.
5 countries giving golden visa and their cost
Golden visa is given to those by many countries who want to get permanent residency through investment. It includes many countries including UAE, America, New Zealand, which provide this visa under different conditions and schemes.
1. United Arab Emirates (UAE)
The new Golden Visa Yojana is now based on Nomination, especially for Indian citizens.
Now there is no need to come to Dubai for visa-candidates can get pre-approved from their country.
Cost: AED 1,00,000 (about ₹ 23.30 lakh)
This visa will be valid for life.
2. United States (USA)
After becoming President in 2025, Donald Trump announced Trump Gold Card Golden Visa for rich investors.
Under this scheme, individuals who want to invest in America are given permanent residency.
Cost: $ 5 million (about ₹ 41.7 crore*)
3. New Zealand (New Zealand)
New Zealand launched its new golden visa in September 2022: Active Investor Plus Visa.
Under this visa, applicants can permanently obtain permission to live, work and study in the country, provided they fulfill all investment and minimum time terms.
Cost: Minimum Investment NZD 5 million (about ₹ 25.5 crore*)
4. Canada (Canada)
Canada’s Golden Visa program is known as Canada Start-up Visa Program.
This visa provides permanent residence to entrepreneurs and investors who want to start a startup or business in Canada.
Cost: The total expenditure ranges from $ 215,000 to $ 275,000 (₹ 1.78 crore to ₹ 2.28 crore*), which depends on the type of startup.
5. Singapore (Singapore)
Singapore, which is counted among the world’s most popular trading countries, is known as the Golden Visa program Singapore Global Investor Program (GIP).
The visa is for foreign entrepreneurs, business owners and senior managers who plan to start business or invest in Singapore.
Successful applicants get permanent residency within 9 to 12 months.
Cost: Minimum investment SGD can start from 10 million to SGD can go up to 50 million – it depends on the type and size of the company invested.
