logo
As UAE rejects ‘Golden Visas for  ₹23.3L' claim, expert reminds ‘importance of due diligence'

As UAE rejects ‘Golden Visas for ₹23.3L' claim, expert reminds ‘importance of due diligence'

Mint10-07-2025
As the UAE dismissed claims that it is offering lifetime Golden Visas for some nationalities for around ₹ 23.30 lakh, immigration expert says 'this is a stark reminder of the importance of due diligence in immigration matters'.
The UAE's Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) on Wednesay dismissed reports that claimed that lifetime "golden visas" for some nationalities could be obtained for all categories from outside the UAE via consulting or commercial entities under simplified conditions.
On Thursday, Dubai-based Rayad group has "apologised" for the "public confusion" over the purported nomination-based resident initiative, including references to a 'fixed AED 100,000 fee' and a so-called 'lifetime visa' arrangement.
"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," the Rayad Group said in a statement
"These statements did not accurately reflect our intent, our scope of services, or the limitations of our authority in relation to the UAE Golden Visa programme. To reiterate with full clarity: no guaranteed visa, fixed-price programme, or lifetime UAE residency product currently exists, and the Rayad Group does not offer, support, participate, or endorse any such arrangement.
"Due to the confusion caused, the Rayad Group is discontinuing private advisory services for Golden Visas," it said.
'The recent false news surrounding the UAE Golden Visa is a stark reminder of the importance of due diligence in immigration matters,' Andri Boiko, Founder &CEO, Garant In, an international advisory firm of Citizenship and Residence Permit.
He further advised, 'Aspiring applicants must remain vigilant, verify all information through official sources, and avoid the temptation of shortcuts that are too good to be true.'
The Golden Visa is indeed a legitimate pathway for highly skilled professionals, investors, and other eligible categories, but it is not a commodity to be bought outright. Eligibility is determined by professional merit, contributions to the UAE economy, and a thorough vetting process—not by a simple fee payment, he concluded.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Torrent in talks to acquire L&T thermal unit in $1 billion deal: Report
Torrent in talks to acquire L&T thermal unit in $1 billion deal: Report

Business Standard

time26 minutes ago

  • Business Standard

Torrent in talks to acquire L&T thermal unit in $1 billion deal: Report

Deliberations are ongoing and details of the potential transaction may change, the people said, adding that talks could also fall apart and other bidders might emerge Bloomberg Torrent Power Ltd. is in talks to buy the thermal business unit of Larsen & Toubro Ltd. for about $1 billion including debt, according to people with knowledge of the matter. Both companies are working with advisers on the potential transaction, the people said, asking not to be identified because the deliberations are private. A disposal would help L&T raise cash to reduce its debt, the people said. Deliberations are ongoing and details of the potential transaction may change, the people said, adding that talks could also fall apart and other bidders might emerge. A representative for L&T declined to comment, while Torrent Power didn't immediately respond to a request seeking comment. L&T has been evaluating selling its thermal unit to focus on its core engineering and construction business. The company held talks in 2021 to merge the asset with the Indian arm of Singapore-based Sembcorp Industries Ltd., Bloomberg News reported at the time. Torrent Power, owned by Ahmedabad-based conglomerate Torrent Group, offers services including power generation, transmission, distribution, as well as manufacturing and supply of power cables, according to its website. Shares of Torrent Power have dropped around 9% in Mumbai this year, giving the company a market value of nearly $8 billion.

TTD receives Rs 5.6 crore in donations from two Hyderabad donors
TTD receives Rs 5.6 crore in donations from two Hyderabad donors

The Print

time26 minutes ago

  • The Print

TTD receives Rs 5.6 crore in donations from two Hyderabad donors

The contribution was formally handed over to TTD officials. According to an official release, late IRS officer YVSS Bhaskar Rao had bequeathed assets worth Rs 3.66 crore to the temple trust. The donation included a residential property valued at Rs 3 crore and Rs 66 lakh in cash. Tirupati, Jul 24 (PTI) The Tirumala Tirupati Devasthanams (TTD) on Thursday received donations totalling Rs 5.6 crore from two Hyderabad-based donors, a late IRS officer and a private company. The cash Rs 66 lakh is to be distributed among various TTD trusts, including Rs 36 lakh to the Sri Venkateswara Annaprasadam Trust, and Rs 6 lakh each to the Sri Venkateswara Sarva Sreyas Trust, Veda Parirakshana Trust, Go Samrakshana Trust, Vidyadana Trust, and SRIVANI Trust. Three trustees of Rao handed over the property documents and donation cheques to TTD additional executive officer Venkaiah Chowdary, it said. Trinity Combine Private Ltd company contributed Rs 2 crore to the temple body's Sri Venkateswara Annaprasadam Trust in the form of multiple cheques. Representatives of the company handed over the donation to Chowdary at Ranganayakula Mandapam in Tirumala, the release added. PTI STH ROH This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

Peru seizes 4 tons of black market mercury bound for illegal gold mines
Peru seizes 4 tons of black market mercury bound for illegal gold mines

Hindustan Times

time26 minutes ago

  • Hindustan Times

Peru seizes 4 tons of black market mercury bound for illegal gold mines

* Peru seizes 4 tons of black market mercury bound for illegal gold mines Mercury was camouflaged as crushed rock from Mexico * Gold prices surged 28.5% this year * 200 tons of mercury smuggled from Mexico to South America since 2019, EIA finds By Marco Aquino LIMA, - Peruvian authorities have halted a shipment of about four metric tons of mercury headed to Bolivia for presumed use in illegal gold mining, they said on Thursday, the latest sign of rising black market activity to fulfill soaring demand for the precious metal. The mercury had been passed off as a container of crushed rock, but Peru's customs agency SUNAT said an analysis revealed that the material had been laced with mercury, a toxic metal that is subject to strict environmental controls. "We could determine that mercury was being transported in its natural state, camouflaged in shipments of gravel," SUNAT said in a statement. The cargo was detected at the Callao port and came from Mexico, it added. The seizure appears to be the largest on record in the Amazon region of South America where illegal gold mining is widespread, according to a review of past seizures by the Environmental Investigation Agency , a Washington-based advocacy nonprofit. Until now, the biggest known shipment in the region, about a decade ago, was only half the size, according to the EIA. The latest discovery comes as gold prices have soared in recent months, as global trade uncertainty has made gold particularly attractive for investors. Gold prices are up 28.5% so far this year and hit a record high of $3,500 per troy ounce in April. The frenzy for gold has led to deadly encounters from West Africa to Peru. The EIA said it alerted Peruvian authorities to the shipment during its research into illicit mercury shipments from Mexico to Bolivia, Colombia and Peru, where miners use mercury to leach gold from sediment of the Amazon riverbanks. It said higher mercury prices were driving illegal mercury production in Mexico, with a particular spike since the start of this year as traffickers paid a record $330 per kilogram. "According to traffickers, gold miners' demand for mercury has driven the sophisticated operation and made it profitable," the EIA said in a report released on Thursday. It said its investigation showed that 200 tons of mercury were smuggled from Mexico to Bolivia, Colombia and Peru between April 2019 and June 2025, accounting for a conservative estimate of $8 billion in illegal gold. Peruvian officials did not address the role of the EIA in the discovery of the mercury-laced gravel from Mexico. This article was generated from an automated news agency feed without modifications to text.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store