Business news: The UAE is offering a "Lifetime Golden Visa" to nationals of select nations for a fee of 23 lakh (roughly AED 1 lakh), according to recent social media reports. Many people in India and Bangladesh were pleased with the news. However, the UAE government has now exposed the truth about this whole situation. According to the reports, the UAE government is conducting a pilot program for a nomination-based golden visa that does not require financial investment and will be granted based on the applicant's talent and potential to contribute to the country.
But the truth is that such a nomination-based system has been present since 2019, and its decision is entirely in the hands of the UAE government. No agency or individual is involved in this.
What is a Golden Visa and how to apply?
The Golden Visa is a long-term resident visa issued by the UAE that allows foreign nationals to live, work, and study in the UAE. Obtaining it often requires a considerable cost, special talents, or a significant contribution to the UAE. The organization emphasized that applications for the Golden Visa can only be submitted through UAE government websites and proper channels. No external or private consulting is recognized as an authorized representative of this procedure.
UAE Government denies rumours
The UAE's Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) has confirmed clearly that the speculations about the Golden Visa that have circulated on several media channels and websites are false. The organization has stated that any mention of a "Lifetime Golden Visa" is entirely incorrect and has no legal credibility.
Widespread Fake news
According to UAE officials, a foreign consultant firm recently suggested that anyone from outside the country can obtain a lifetime golden visa on easy circumstances. This information has no legal basis and was disseminated without the approval of the UAE government. Those who spread false information will now face legal action.
