Indians can now get UAE's Golden Visa without trade license, property purchase
Dubai, Jul 7 (PTI): The United Arab Emirates government has started a new type of Golden Visa, which will be based on nomination, albeit with some conditions, unlike the current practice of investing large amounts in either property or business here.
Until now, one of the ways to get Dubai's Golden Visa from India was to invest in property whose value should be at least AED Two Million (Rs 4.66 crore), or invest a large amount in business in the country.
Under the “new nomination-based visa policy,” Indians can now enjoy the UAE's Golden Visa for life by paying a fee of AED 1,00,000 (INR around 23.30 lakh), beneficiaries and people involved in the process have told PTI.
Over 5,000 Indians will apply for this nomination-based visa in three months, they said.
India and Bangladesh have been selected for the first phase of testing this visa, and a consultancy named Rayad Group has been chosen to test the initial form of the nomination-based golden visa in India.
Rayad Kamal Ayub, Managing Director of Rayad Group, said this is a golden opportunity for Indians to get the UAE's Golden Visa.
Whenever an applicant applies for this Golden Visa, we will first check their background, which will include anti-money laundering and criminal record checks, as well as their social media,” said Rayad Kamal.
The background check will also show if and how the applicant can benefit the UAE’s market and business activities in any other way such as culture, finance, trade, science, Start Up, professional services, etc.
“After this, RayadGroup will send the application to the government, which will make the final decision on the nomination-based Golden Visa,” he added.
Applicants seeking the UAE Golden Visa under the nomination category may obtain pre-approval from their home country without the need to visit Dubai.
“Applications can be submitted through One VASCO centres (visa concierge service company) in India and Bangladesh, our registered offices, our online portal, or our dedicated call centre,” he added.
After getting the Golden Visa, one gets the freedom to bring his or her family members to Dubai. “You can also keep servants and drivers based on this visa. You can do any business or professional work here,” Rayad Kamal said, adding, the property-based Golden Visa ends in case of property sale or division, but the nomination-based visa will remain forever.
The UAE government's initiative and India's selection as the first country for this visa reflect the strong business, cultural, and geopolitical relations between India and the UAE, which have become stronger after the Comprehensive Economic Partnership Agreement (CEPA) between the two countries, effective May 2022.
The Golden Visa nomination process is an agreement between the UAE and its (Comprehensive Economic Partnership Agreement) CEPA signatory/partner countries. This is a pilot project which has started with India and Bangladesh and will soon include China and other CEPA countries.
RayadGroup and VFS have been chosen to vet the applicants and then forward them to the UAE authorities.
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Former India hockey coach Michael Nobbs dies
Melbourne (PTI): Former Australian hockey player Michael Nobbs, who coached the Indian men's team at the 2012 London Olympics, has died after a prolonged illness.
He was 72 years old and is survived by his wife Lee Capes, a former Australian women's international and daughter Kaitlin, who is a current Hockeyroos star.
"Hockey Australia extends its deepest condolences to Michael’s family, friends, former teammates, players and all those whose lives and careers were shaped by his contribution to hockey. He will be remembered as a proud Kookaburra, a respected professional, and a servant of the sport," Hockey Australia said in a statement.
Nobbs represented Australia as a defender, playing across the half-back line and at fullback, and was renowned for his reliability, fitness and professionalism. He earned 76 international caps for Australia between 1979 and 1985, scoring one goal, and was a member of one of the strongest eras in Australian men’s hockey, said Hockey Australia on its website in its tribute.
Nobbs was an integral part of the Australian teams that competed at the 1981 Hockey World Cup in Bombay and the 1984 Los Angeles Olympics.
While part of a generation widely regarded as one of Australia’s finest, he consistently held his place through hard work, discipline and trust earned from teammates and coaches, Hockey Australia wrote.
Nobbs took over the coaching of the Indian men's team in 2011 after it had failed to qualify for the Beijing Games in 2008. While India were brilliant in the qualifiers, the team finished last at the London extravaganza which also expedited the Australian coach's sacking.
Apart from India, Nobbs also coached Japan.
