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Visa for ₹23 lakh? Dubai-based firm apologises for false claims about UAE Golden Visa rules
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Dubai-based private firm Rayad Group has issued a formal apology and accepted full responsibility for spreading 'incorrect' information regarding new United Arab Emirates (UAE) Golden Visa rules. The company had falsely claimed that lifetime Golden Visas could be obtained for a one-time payment of approximately ₹23.30 lakh under simplified conditions.
The apology came shortly after the UAE's Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) rejected the reports quoting Rayad Group.
'We apologise unreservedly for the public confusion caused by recent reports and commentary, and we take full responsibility for ensuring future communications are clear, accurate, and consistent with the UAE's stringent regulatory frameworks,' Rayad Group said in a statement quoted by news agency PTI.
The firm also acknowledged that certain public comments made by its Managing Director were 'misplaced' and contributed to a misinterpretation of the firm's role and the nature of the initiative.
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The company clarified that 'no guaranteed visa, fixed-price programme, or lifetime UAE residency product currently exists' and that Rayad Group does not offer or support any such arrangement. In light of the controversy, it announced the discontinuation of its private advisory services for Golden Visas.
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