Golden visa
The United Arab Emirates (UAE) government has started a new golden visa for Indians, which will be found on the basis of nomination, that is, there will no longer be needed to buy properties in the country or invest heavy. UAE has selected India and Bangladesh for the first phase of testing this visa. For this, a consultancy company Rayad Group has been given the responsibility of conducting an initial test of nomination -based golden visa in India.
What is a golden visa?
Golden visa is usually beneficial for those who want to settle in another country except their country. This visa gives HNWIS to a legally civil-like situation with facilities like living, working, studying and healthcare in any country. Whether they are immediately shifted there or after retirement. In ordinary language, golden visa means residency in exchange for investment. It is known by different names in different countries.
United Arab Emirates (UAE)
UAE’s new Golden Visa is now nomination based. Indian applicants can now take this visa with pre-approval from their country, without coming to Dubai. Under this enrollment -based scheme, Indian citizens can get UAE Golden Visa for a lifetime by giving AED 1,00,000 (about 23.30 lakh rupees).
America (USA)
After Donald Trump became President, he announced Trump Gold Card Golden Visa Scheme, which gives rich people permanent residency in exchange for investing in America. The visa is currently on hold, but its cost is around $ 5 million (about 42 crores).
New Zealand
New Zealand launched its new Golden Visa Active Investor Plus Visa in September 2022. Under this, a person can stay there indefinitely, work and study. Provided that he has completed the fixed investment and the living period in the country. The minimum investment amount starts at NZD 5 million (about 25 crore rupees).
Canada
Canada’s Golden Visa program is known as Canada Start-up Visa Program. This gives a permanent residence to the entrepreneurs who want to work in Canada through startups or businesses. The total cost of this visa ranges between $ 215,000 to $ 275,000 (about 1.8 crore to 2.3 crore rupees), which depends on the startup.
Singapore
Singapore’s Golden Visa Singapore is called Global Investor Program. This is especially for foreign business owners and investors who want to invest in Singapore or start a business. Successful applicants get a permanent residence in 9 to 12 months. The amount of investment can range from SGD 10 million to SGD 50 million (about 62 crore to 310 crore rupees), which depends on the size of the business.