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UAE Blue Visa: No property or investment needed; how you can simply qualify by contributing to the environment
UAE Blue Visa: No property or investment needed; how you can simply qualify by contributing to the environment

Time of India

time3 hours ago

  • Business
  • Time of India

UAE Blue Visa: No property or investment needed; how you can simply qualify by contributing to the environment

The UAE's Blue Visa supports global environmental leaders with 10-year residency and zero investment requirements/ Representative Image TL;DR: The UAE Blue Visa offers 10-year residency to people with notable contributions to environmental protection and sustainability It's open to scientists, activists, entrepreneurs, and professionals working on climate and sustainability issues. Applications are now open, with a 180-day multiple-entry visa to help with the process. The UAE has started the Blue Residency Visa program, offering a 10-year residency to individuals who have made significant contributions to environmental sustainability and climate protection. This visa is open to Emiratis and foreign experts inside and outside the UAE, aiming to attract global environmental advocates, scientists, and entrepreneurs. To assist applicants from abroad, a special 180-day multiple-entry visa is provided for completing the process. The program was announced in May 2024 and officially launched in February 2025 during the World Governments Summit in Dubai. What Is the UAE Blue Residency Visa? The Blue Visa grants a 10-year residency to people who have made notable contributions to environmental protection and sustainability, whether inside the UAE or abroad. It is available to a wide range of environmental supporters, such as members of international organizations, companies, NGOs, award-winning activists, and researchers. Both Emirati nationals and residents working in environmental fields can qualify. Those interested in the Blue Visa can apply directly through the Federal Authority for Identity, Citizenship, Customs and Ports Security, or be nominated by authorized UAE bodies. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 21st Century Skills Start with Confident Communication Planet Spark Learn More Undo by Taboola by Taboola Why Does it Matter? The Blue Visa offers several important benefits: 10-Year Residency: Long-term stay for people who contribute to environmental goals. Multiple Entry for 180 Days: A special multiple-entry visa valid for six months is granted initially to help applicants complete their Blue Visa paperwork. No Investment or Property Requirement: Unlike other long-term UAE visas, you don't need to buy property or invest money. Recognition and Support: The visa officially acknowledges your role in environmental protection and encourages global talent to contribute to the UAE's sustainability efforts. Who Is Eligible? The Blue Visa is designed for people who have proven records of impact in environmental fields. Here's a breakdown of eligible groups: Distinguished Influencers and Activists: People recognized for their measurable positive impact on climate change, sustainability, or clean energy. This includes global award winners and well-known environmental advocates. Scientists and Researchers: Professionals approved by the UAE Scientists Council with recognized expertise in climate science, sustainability research, or renewable energy. Entrepreneurs and Investors: Business owners or investors working in green energy, environmental tech, or sustainability sectors. Environmental Professionals: Employees in government or private agencies focused on environmental protection or sustainability projects in the UAE. The visa is merit-based, not tied to financial investments. You don't need to own property or invest money. Your achievements and influence in environmental work matter most. How to Apply for the UAE Blue Visa Applying is simple and done online through the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP): Documents needed: Valid passport Recent passport-size photo Proof of environmental achievements or awards Completed application form For applicants inside or outside the UAE: Go to the ICP website or download the mobile app. Complete the application form with your personal details. Upload documents proving your work and accomplishments in environmental fields. Ensure your passport has at least six months of validity. Pay the application fees. Submit your application. The process takes about 7 minutes to complete online. Once your documents are verified, you typically get a response within one working day. For applicants outside the UAE, the process is the same and straightforward. After submitting, you get a 180-day multiple-entry visa to enter the UAE multiple times while your full Blue Residency application is processed. Can You Get the Blue Visa Without Buying Property? The Blue Visa doesn't require you to own property or make any financial investments in the UAE. This sets it apart from other visas like the Golden Visa, which often ask for real estate purchase, business ownership, or minimum bank balances. The Blue Visa is merit-based. It focuses on your contributions to environmental protection, sustainability research, or green innovation. Your achievements and official approvals weigh most during the evaluation. The Bottom Line The UAE Blue Visa is a unique opportunity for environmental professionals and advocates. It removes financial barriers and focuses on your real impact. If you've contributed to protecting nature, advancing sustainability, or developing clean energy solutions, this visa could help you live and work in the UAE for a full decade. FAQ 1. Do I have to invest or buy property to get the Blue Visa? No. The Blue Visa is based on your environmental work and achievements, not financial investments or property ownership. 2. Can I apply for the Blue Visa if I live outside the UAE? Yes. The application process is fully open to international applicants through the ICP online platform. 3. How long does it take to get the visa after applying? Usually, the application is processed within one working day after document verification.

Why India's Rich Are Heading Abroad
Why India's Rich Are Heading Abroad

Gulf Insider

time5 days ago

  • Business
  • Gulf Insider

Why India's Rich Are Heading Abroad

India's remarkable economic ascent, characterised by a burgeoning millionaire population, paradoxically coincides with a significant outflow of its wealthiest citizens. This phenomenon is not merely a statistical anomaly but a complex global shift, reshaping both origin and destination countries. For India, the trend is intricately linked to intensified domestic tax scrutiny, a rapidly formalising economy, and the magnetic pull of attractive, albeit sometimes illusory, overseas residency programmes. On July 7, the Emirates News Agency (WAM) reported that the UAE's Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) categorically denied rumours that the country was offering lifetime Golden Visas for AED 100,000 (around ₹23 lakh) to select nationalities, including India and Bangladesh. This statement followed a widely circulated story, initially reported by PTI and picked up by Indian outlets, claiming a 'nomination-based' pilot programme had been launched for Indian and Bangladeshi nationals, dramatically reducing long-term visa costs. This incident fits into the broader context of a global phenomenon often referred to as the 'great wealth migration'. The Henley Private Wealth Migration Report 2025 reveals that India remains among the top five countries losing the highest number of millionaires annually. An estimated 3,500 Indian millionaires will leave the country in 2025—down from 5,100 in 2023 and 4,300 in 2024, yet still among the world's highest. More strikingly, these individuals are expected to take with them a combined wealth of $26.2 billion. Globally, 142,000 HNWIs are forecast to relocate in 2025, the highest figure on record. On the receiving end, the UAE is set to welcome the largest net inflow (9,800), well ahead of the US (7,500). A combination of zero income tax, investor-friendly regulations, a luxurious lifestyle, and long-term visa options has cemented the UAE's position as a wealth hub. Its appeal spans continents, attracting affluent individuals from India, the UK, Russia, Southeast Asia and Africa. 'Outside of Europe, strong demand from the UK, India, Russia, Southeast Asia and Africa, facilitated by attractive golden visa options, has reinforced the UAE's position as the world's most sought-after wealth haven (+9,800),' the Henley report said. Saudi Arabia, meanwhile, is the biggest gainer year-on-year, with an expected net inflow of 2,400 millionaires in 2025. Despite the outward flow, India's millionaire population is growing. Between 2014 and 2024, the number of Indian HNWIs rose by 72%, fuelled by start-ups, stock market gains and rising family wealth. Yet regulatory hurdles, security concerns, taxation and lifestyle aspirations continue to spur emigration. Several factors are driving the migration of India's wealthiest citizens: 1. Tax pressures at home A key push factor is increased scrutiny by Indian tax authorities. The Central Board of Direct Taxes (CBDT) recovered ₹20,000 crore in outstanding dues in Q1 FY25, nearly double the amount from the same period last year. This includes ₹17,244 crore in corporate tax and ₹2,714 crore in personal income tax (as per ET, 8 July). The CBDT has set a ₹1.96 lakh crore recovery target for the fiscal year. Total outstanding tax demands have ballooned to ₹42 lakh crore (from ₹10 lakh crore in 2019–20), according to a parliamentary report dated 1 October 2024.2. Formalisation of the economy India is in the midst of a profound economic transformation. Historically, a substantial portion of its economy operated informally, characterised by cash transactions and limited oversight. However, a concerted effort by the Indian government is rapidly pushing economic activities into the formal sector, with direct implications for tax compliance and recovery. Central to this is the Unified Payments Interface (UPI), which processed 185.8 billion transactions worth ₹261 lakh crore in FY 2024–25, a 41% increase from the previous year, according to the Reserve Bank of India (RBI). Every UPI transaction is linked to a PAN, creating digital trails for tax authorities. This has made income harder to conceal, leading to greater measures include: Goods and Services Tax (GST): Unified tax structure with digital tracking via e-invoicing and e-way bills. JAM Trinity: Jan Dhan, Aadhaar and Mobile systems that tie identity to financial transactions. Udyam Portal: Simplified registration for MSMEs, broadening the tax base. 3. Cryptocurrency crackdown The Indian government has significantly escalated its formalisation efforts concerning emerging asset classes, particularly cryptocurrencies, which are now legally recognised as 'Virtual Digital Assets' (VDAs). This regulatory shift, implemented through a series of measures, aims to integrate the crypto ecosystem into the nation's broader financial and tax framework. Key to this strategy are strict taxation policies and enhanced regulatory oversight under the Prevention of Money Laundering Act (PMLA). Specifically, a flat 30% capital gains tax is levied on profits from VDA transfers, irrespective of the holding period, with no provisions for offsetting losses against gains or other income. Furthermore, a 1% Tax Deducted at Source (TDS) is applied to VDA transactions exceeding ₹50,000 (or ₹10,000 for specific entities) on the total sale consideration, rather than just the profit. These tax mandates have severely impacted the profitability of crypto investments and trading domestically. The inability to adjust for losses combined with the TDS on gross transaction value has rendered the Indian crypto market economically challenging for many large-scale investors and high-frequency traders. The cumulative effect of these stringent tax and regulatory policies has been a discernible shift in crypto trading volume and capital away from Indian platforms towards offshore exchanges. Wealthy individuals, seeking environments with lower tax burdens and less restrictive regulations on their digital assets, are increasingly exploring international avenues. 4. Global mobility and lifestyle aspirationsAccording to a survey by Kotak Private in partnership with EY, 22% of ultra-rich Indians expressed a desire to leave the country for better living standards, healthcare, education, and ease of doing business. Many also seek visa-free travel, which Indian passports currently do not offer at the same level as European or Caribbean counterparts. While domestic pressures contribute to the outflow, powerful 'pull factors' from abroad, particularly attractive residency and citizenship-by-investment (CBI) programs, play a significant role. Countries offering zero or low personal income tax, capital gains tax, and inheritance tax are highly desirable. The UAE stands out as a prime example, with its zero personal income tax, no capital gains tax, and no inheritance tax, making it a leading choice for wealth preservation. Additionally, jurisdictions such as Portugal, Singapore and the UAE offer attractive regimes for estate planning, making them prime options for intergenerational wealth transfer. UAEWith its zero-tax regime, quality of life and efficient Golden Visa programme, the UAE remains the top destination for Indian HNWIs. USAThe US remains popular, especially through the EB-5 visa route. A new entrant, the Trump 'Gold Card', has also generated buzz. Click here to read more Also read: India Launches E-Visa For Kuwait From July 14: 5-Year Tourist Visas Available Source The Economic Times

What is Emirates ID: How to get it, process, application, benefits, everything explained
What is Emirates ID: How to get it, process, application, benefits, everything explained

Time of India

time14-07-2025

  • Time of India

What is Emirates ID: How to get it, process, application, benefits, everything explained

TL;DR The Emirates ID is your official identification in the UAE. is your official identification in the UAE. It's needed for everyday tasks like getting a SIM card or visiting the doctor. It also helps protect against identity theft and fraud. The Emirates ID is an official identity card issued by the Federal Authority for Identity, Citizenship, Customs and Ports Security (ICP). Everyone living in the UAE, whether citizens, residents, or even some visitors, must have one. Tired of too many ads? go ad free now It stores your personal data and biometrics, making it an important key to accessing many services. From banking and healthcare to travel and utilities, this card makes many processes smoother and faster. Here's a simple explanation of what it is and why it matters. What Is the Emirates ID? The Emirates ID is a smart card that contains your personal details, including your photo and biometric information like fingerprints. It's mandatory for all UAE citizens and residents. The card also has a unique 15-digit ID number assigned to you. Benefits of Having an Emirates ID Having the Emirates ID makes life in the UAE easier in many ways: Access to Government Services: You'll need it to apply for official documents, renew visas, or request government support. You'll need it to apply for official documents, renew visas, or request government support. Telecom and Utilities: Use your ID to get a new phone SIM card or set up internet and utility accounts. Use your ID to get a new phone SIM card or set up internet and utility accounts. Banking: Open bank accounts or check your credit report using the Emirates ID. Open bank accounts or check your credit report using the Emirates ID. Healthcare: Your medical insurance can be linked directly to your ID, removing the need for a separate insurance card. Your medical insurance can be linked directly to your ID, removing the need for a separate insurance card. Travel: Use the ID at smart gates in airports for faster immigration clearance. Use the ID at smart gates in airports for faster immigration clearance. Identity Protection : The card helps protect your identity and reduce fraud or theft. Applying for your Emirates ID: What to do 1. For UAE Expats (Non-GCC Nationals) If you've recently moved to the UAE, you need to apply after your residence visa is approved. How to apply: Go to an ICP center or an approved typing center Submit your application and documents You'll get an SMS with appointment details for biometrics After your visa is stamped, your card will be ready within 5 days You must collect it within 90 days Note: Dependents like spouses or children can apply once the sponsor's ID is issued. 2. For UAE Nationals Where to apply: Through the ICP website or any approved typing center Steps: Fill and submit the application You'll receive an SMS with details for the photo and biometrics Track your application status online Once it's ready (usually 5 working days), collect it from Emirates Post The card must be picked up within 90 days 3. For GCC Nationals Living in the UAE GCC nationals (like those from Saudi Arabia, Kuwait, or Oman) living in the UAE can also apply for an Emirates ID. How it works: Same steps as UAE nationals Apply online or through a typing center Do the biometrics Track progress online Collect the card within 90 days Note: GCC citizens receive a 5-year valid Emirates ID. Validity of the Emirates ID UAE Citizens: 5 or 10 years GCC Nationals: 5 years Expat Residents: Matches the duration of your residence visa FAQs Q1. What documents do I need to apply for an Emirates ID? For expats, you'll need your passport, visa, and a passport-sized photo. UAE and GCC nationals also need their family book or similar identification documents. Q2. What happens if I lose my Emirates ID? You must report it to the ICP and apply for a replacement. There's a fee, and the process usually takes 2-3 days. Q3. Can I track my Emirates ID application? Yes, use the ICP website or app. You'll need your application number or Emirates ID number to check the status.

Visa for ₹23 lakh? Dubai-based firm apologises for false claims about UAE Golden Visa rules
Visa for ₹23 lakh? Dubai-based firm apologises for false claims about UAE Golden Visa rules

First Post

time10-07-2025

  • Business
  • First Post

Visa for ₹23 lakh? Dubai-based firm apologises for false claims about UAE Golden Visa rules

Dubai-based Rayad Group has apologised for spreading false information about UAE Golden Visa rules, admitting there is no lifetime visa for a one-time ₹23.30 lakh payment. The firm retracted its claims after the UAE's identity authority rejected the reports and has now halted its visa advisory services. read more This is an AI generated image for representation. 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. STORY CONTINUES BELOW THIS AD 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.

UAE denies rumours about lifetime Golden Visa for certain nationalities
UAE denies rumours about lifetime Golden Visa for certain nationalities

Muscat Daily

time10-07-2025

  • Politics
  • Muscat Daily

UAE denies rumours about lifetime Golden Visa for certain nationalities

Abu Dhabi – The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) has firmly denied widespread rumours suggesting that the UAE is offering lifetime Golden Visas to certain nationalities. The ICP clarified that such claims—circulated by both local and international media and consultancy websites—are entirely inaccurate and have no basis in official policy or law. The authority reiterated that the Golden Visa categories, conditions, and eligibility criteria are clearly outlined in UAE legislation and ministerial decisions. All valid information is available only via official government channels, including the ICP website and smart application. The clarification follows misleading promotional content from a consultancy office based outside the UAE, falsely claiming that Golden Visas could be obtained under simplified terms through external agents. The ICP stressed that no consultancy, internal or external, is recognised as an authorised party for processing Golden Visa applications. To protect applicants, the authority warned the public against engaging with unauthorised intermediaries or paying any fees to entities claiming to facilitate such services. It also announced that legal action would be taken against parties spreading false information and exploiting people's aspirations to live or invest in the UAE. The ICP reaffirmed its commitment to transparency and service excellence, and urged the public to rely solely on official communication channels for accurate guidance. Those seeking clarification were advised to visit the official website or call the 24/7 helpline at 600522222.

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