Back to all uae news

No golden visas for crypto investors, UAE authorities confirm

The ICP advised the public to consult official government channels for accurate information regarding golden visa requirements

Nida Sohail
Nida Sohail

07 July, 2025

No golden visas for crypto investors, UAE authorities confirm
Image credit: Getty Images

TT

16

The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) have jointly dismissed recent reports claiming that the UAE grants golden visas to investors in digital currencies.

The statement comes amid growing misinformation circulating on various websites and social media platforms, a WAM report said.

Read: New golden visa alert: Sheikh Hamdan’s big move for Dubai Health staff

Golden visa eligibility clarified

The ICP emphasised that golden visas are issued based on official frameworks and criteria that do not include digital currency investors.

Eligible recipients typically fall into categories such as real estate investors, entrepreneurs, exceptional talents, scientists and specialists, top students and graduates, humanitarian pioneers, and frontline workers.

The ICP advised the public to consult official government channels for accurate information regarding golden visa requirements.

SCA and VARA reinforce regulatory standards

The Securities and Commodities Authority (SCA) reiterated its commitment to internationally recognised standards in regulating the UAE’s financial sector. It affirmed that its regulatory procedures focus on transparency, credibility, and strengthening investor confidence in line with the country’s strategic objectives of attracting quality capital and fostering a sustainable investment environment.

The SCA clarified that digital currency investments are subject to separate regulations and are not linked to golden visa eligibility. Investors were urged to rely on official sources to avoid misinformation and potential fraud.

Similarly, the Virtual Assets Regulatory Authority (VARA) denied claims that virtual asset investors in Dubai receive golden visas. VARA underscored the importance of dealing exclusively with fully licensed and regulated companies when engaging in virtual asset investments and services.

VARA confirmed its collaboration with SCA and law enforcement agencies to ensure consumer protection and a secure operating environment. It also highlighted that companies licensed by VARA must comply with visa procedures set by Dubai and federal authorities.

Notably, VARA stated that the company TON is neither licensed nor regulated by the authority.

Public advised to use official channels

The three authorities collectively warned the public and investors to exercise caution and verify information through official government websites and approved communication platforms. They cautioned against engaging with unverified advertisements or online offers related to golden visas and digital currency investments.

For more detailed information on golden visa eligibility and application processes, the public is directed to visit the ICP’s official website.

UAE’s golden visa: Long-term residency programme

The United Arab Emirates (UAE) offers a ‘golden visa’—a long-term residence permit designed to attract foreign investors, talented professionals, entrepreneurs, and outstanding students by providing exclusive benefits and stability for up to 10 years.

The golden visa enables holders to live, work, or study in the UAE without the need for a local sponsor, while enjoying privileges such as the ability to sponsor family members, stay outside the country for extended periods without losing residency, and more.

Key benefits of the golden visa

  • Entry visa valid for six months with multiple entries, allowing holders to complete residency formalities.

  • Long-term, renewable residence visa for either 5 or 10 years.

  • No requirement for a local sponsor.

  • Ability to stay outside the UAE for more than six months without losing residency status.

  • Rights to sponsor family members, including spouses and children regardless of age.

  • Permission to sponsor unlimited domestic helpers.

  • Family members may remain in the UAE until the end of their visa if the primary golden visa holder passes away.

Eligibility and requirements

The requirements for the golden visa vary according to the category of applicant—whether investor, entrepreneur, specialised talent, student, or humanitarian.

Investors in public funds

Investors who place capital in accredited investment funds may be eligible for a 10-year golden visa, provided they meet the following conditions:

  • Submit a letter from an accredited UAE investment fund confirming a deposit of at least Dhs2m; or

  • Provide a valid commercial or industrial license and memorandum of association proving capital of no less than Dhs2m; and

  • Submit a letter from the Federal Tax Authority confirming annual government tax payments of at least Dhs250,000.

Additional conditions include:

  • Full ownership of invested capital (no loans permitted).

  • Proof of medical insurance for the investor and family members.

Real estate investors

Property owners may qualify for a renewable 5-year golden visa if they meet criteria including:

  • A letter from the land department of the relevant emirate confirming ownership of property or properties valued at AED 2 million or more.

  • The property may have been purchased with a loan from specific local banks approved by regulatory authorities.

Entrepreneurs

Entrepreneurs behind innovative economic projects of a technical or future-oriented nature may be eligible for a 5-year golden visa upon providing:

  • An auditor’s report confirming the project is valued at Dhs500,000 or more.

  • Approval from emirate authorities certifying the project’s technical or innovative nature.

  • Support from an accredited UAE business incubator to establish the venture locally.

Outstanding specialised talents

The Golden visa targets outstanding specialised talents across various sectors, including:

  • Doctors and scientists.

  • Creatives in culture and arts.

  • Inventors.

  • Corporate executives.

  • Specialists in scientific and engineering fields.

  • Athletes.

  • Doctoral degree holders.

Fields of expertise eligible under engineering and science include epidemiology, artificial intelligence, big data, computer engineering, electronics, software, electrical engineering, genetics, and biotechnology.

To qualify for a 10-year Golden visa in these categories, applicants must submit relevant approvals and certifications such as:

  • Ministry of Health approval for doctors.

  • Recommendation letters from Emirates Council of Scientists or Mohammed bin Rashid Medal Secretariat for scientists.

  • Ministry of Economy endorsements for inventors’ patents.

  • Cultural and arts department approval for creatives.

  • Proof of academic qualifications and work experience for executives.

  • Letters from sports authorities for athletes.

  • Educational degrees and contracts for engineering and science specialists.

Outstanding students

The UAE also supports high-achieving students through Golden visa eligibility:

  • High school students: Those topping national exams with a minimum grade of 95 per cent may receive a 5-year golden visa with Ministry of Education recommendation.

  • University students: Outstanding university graduates from A or B rated institutions may obtain a 10-year visa, subject to GPA requirements (3.5 minimum for A-class, 3.8 for B-class universities) and having graduated within the last two years.

  • Foreign university graduates: Students from top 100 global universities recognized by the Ministry of Education with a minimum GPA of 3.5 and graduation within two years may also qualify.

Visa durations may be extended depending on the length of academic programs.

Pioneers of humanitarian work

Individuals with distinguished records in humanitarian efforts can qualify for a 10-year golden visa. Eligible categories include:

  • Members or key employees of international/regional organisations with at least five years of service.

  • Civil association or public interest institution workers with a minimum of five years’ experience.

  • Recipients of awards from organisations focusing on humanitarian causes.

  • Financial supporters contributing at least Dhs2m to humanitarian work.

Frontline heroes

Healthcare and essential workers who have shown exceptional dedication during crises like the COVID-19 pandemic may be granted the Golden visa. Eligible roles include nurses, medical assistants, lab technicians, pharmacologists, and other approved professionals recognized by the Frontline Heroes Office.

Conclusion

The UAE’s golden visa represents a strategic initiative to attract global talent, investment, and innovation by providing long-term stability and exclusive privileges. Its broad eligibility criteria cover a diverse spectrum—from investors and entrepreneurs to students and frontline workers—reflecting the UAE’s ambition to cultivate a knowledge-driven and prosperous society.

Kuwait launches new e-visa platform to boost travel, digital efficiency

The tourist visa allows a stay of up to 90 days and is designed for individuals wishing to explore Kuwait’s cultural and leisure offerings

Neesha Salian
Neesha Salian

06 July, 2025

Kuwait launches new e-visa platform to boost travel, digital efficiency
Image: Getty Images

TT

16

Kuwait has officially launched a new electronic visa (e-visa) system, aimed at simplifying and accelerating entry procedures for travelers, residents, and official visitors, as part of its broader digital transformation and tourism strategy.

The newly implemented platform, managed by the Ministry of Interior, supports four visa categories — tourist, family, business, and official — and is expected to reduce processing times and eliminate administrative hurdles.

The tourist visa allows a stay of up to 90 days and is designed for individuals wishing to explore Kuwait’s cultural and leisure offerings.

The family visa, valid for 30 days, enables Kuwaiti residents to invite relatives for short-term stays, facilitating family reunification.

The business visa, also valid for 30 days, is tailored to foreign professionals, entrepreneurs, and corporate representatives visiting for meetings, events, or commercial negotiations.

The official visa category is granted to diplomats and government delegations on formal missions, including international conferences and bilateral meetings, based on invitations from Kuwaiti authorities.

How to apply on the e-visa platform

The e-visa platform is accessible through the Ministry of Interior’s official portal.

The move aligns with Kuwait’s long-term strategy to enhance digital public services and reinforce its position as a key destination for tourism, investment, and diplomacy.

The new system complements other regional initiatives, including the anticipated GCC Grand Tours Visa, a multi-country permit that is expected to be launched soon.

Read: Kuwait moves ahead: Gulf rail link design contract signed

Dubai’s driverless future begins: RTA and Pony.ai to start trials in 2026

These vehicles feature cutting-edge artificial intelligence (AI) systems, along with a suite of advanced sensors, lidars, radars, and cameras

Gulf Business
Gulf Business

06 July, 2025

Dubai’s driverless future begins: RTA and Pony.ai to start trials in 2026
Image credit: Dubai Media Office/ Website

TT

16

Dubai’s Roads and Transport Authority (RTA) has signed a Memorandum of Understanding (MoU) with Pony.ai, a global leader in autonomous driving technologies, to launch pilot trials of self-driving vehicles in the emirate later this year. The trials mark a key step toward a commercial rollout of fully driverless services by 2026.

Read-Timeline revealed: Driverless Ubers to hit Dubai roads

Pony.ai, a Silicon Valley-based company with strong ties to China, recently unveiled the seventh generation of its autonomous vehicles, developed in collaboration with leading automakers including Toyota, GAC, and BAIC, a Dubai Media Office report said.

These vehicles feature cutting-edge artificial intelligence (AI) systems, along with a suite of advanced sensors, lidars, radars, and cameras, designed for precise navigation and safe operation in a range of road and weather conditions.

The company has also forged partnerships with major technology players such as Tencent and Alibaba to integrate its robotaxi services into widely used digital platforms like WeChat and Alipay.

The MoU was signed by Ahmed Hashim Bahrozyan, CEO of RTA’s Public Transport Agency, and Ann Shi, vice president of Strategy and Business Development at Pony.ai. The signing took place in the presence of Mattar Al Tayer, director general and chairman of the Board of Executive Directors at RTA, and Dr Leo Wang, CFO of Pony.ai, along with several senior officials from both parties.

Supporting Dubai’s smart mobility vision

Al Tayer praised the partnership as a major milestone in Dubai’s ambition to become a global leader in smart and sustainable mobility. “The signing of this MoU aligns with our ongoing efforts to adopt autonomous transport solutions and supports our Smart Self-Driving Transport Strategy,” he said.

Dubai’s strategy aims to make 25 per cent of all trips in the city autonomous by 2030. Al Tayer noted that such collaborations are crucial to achieving this target and reflect the emirate’s commitment to building strong ties with global technology leaders.

“The operation of autonomous taxis will enhance the integration of transport networks, support first and last-mile connectivity, and improve accessibility for all. This initiative will contribute to better road safety, greater convenience, and an improved quality of life for residents and visitors,” Al Tayer added.

He emphasised that autonomous mobility is no longer a futuristic concept, but an emerging reality. Governments, including Dubai’s, are working to create the regulatory and infrastructure framework needed to support the deployment of self-driving vehicles.

Expanding autonomous tech in the MENA region

Pony.ai’s Dr Leo Wang said the partnership represents a strategic expansion of the company’s global footprint. “This collaboration with Dubai RTA demonstrates our readiness to deploy Level 4 autonomous driving technology in key international markets,” Wang said. “By aligning our innovations with RTA’s forward-thinking vision, we are laying the foundation for smart transportation ecosystems across the MENA region.”

Pony.ai’s entry into the Dubai market follows successful deployments in other global cities and reflects increasing momentum in the adoption of autonomous transport technologies.

The pilot program in Dubai will help assess the integration of self-driving vehicles into the city’s mobility network and prepare for a commercial launch in 2026, supporting Dubai’s long-term vision for smart, efficient, and sustainable transport.

UAE stakes claim as global capital for digital nomads

Nearly 40 million people globally identify as digital nomads, a number projected to swell to one billion by 2035

Gulf Business
Gulf Business

05 July, 2025

UAE stakes claim as global capital for digital nomads
Image: Getty Images/ For illustrative purposes

TT

16

Once known primarily for its oil wealth and gleaming skyscrapers, the UAE is now carving out a new global identity as a magnet for digital nomads, according to a report published by the state news agency WAM.

Rising to second place globally in the 2025 VisaGuide Digital Nomad Visa Index, the UAE has become one of the world’s most attractive destinations for remote workers, trailing only Spain and leapfrogging previous contenders such as the Bahamas, Hungary, and Montenegro.

This quiet but steady ascent reflects a broader strategy by the UAE to diversify its economy and position itself at the crossroads of global talent, technology, and mobility.

Rather than merely responding to the rise of remote work, the Gulf nation has anticipated it, building infrastructure, rolling out targeted visa programmes, and marketing its lifestyle offerings to a global audience of mobile professionals.

UAE rates highly with digital nomads for various reasons

According to Immigrant Invest, the UAE earned high marks across a wide range of indicators including internet quality, tax benefits, healthcare, cost of living, and, crucially, unmatched levels of safety and stability.

Remote work, once a niche privilege, has now ballooned into a global economic force valued at around $800bn a year.

Nearly 40 million people globally identify as digital nomads, a number projected to swell to one billion by 2035. If it were a country, the global digital nomad community would rank 41st in population, according to the report.

Recognising the shift early, the UAE launched its one-year renewable Remote Work Visa in 2021, making it one of the first countries to tailor immigration policy to remote professionals.

The move was swiftly followed by Abu Dhabi’s Virtual Working Programme, reinforcing the country’s intent to turn digital nomadism from a pandemic-era trend into a permanent pillar of its knowledge economy.

Dubai and Abu Dhabi are now ranked first and fourth respectively among the world’s top cities for remote work by RemoteWork360.

While infrastructure and visa policies provide the backbone, lifestyle remains a key selling point. From the beaches of Ras Al Khaimah to the art districts of Sharjah, the UAE is promoting itself as more than just an office in the sun but a place to live, explore and thrive.

Read: Dubai trumps Lisbon as top destination for globetrotting executives, reveals report

ENOC appoints Hussain Sultan Lootah as acting CEO

Lootah has more than 30 years of leadership experience in the oil and gas sector

Gulf Business
Gulf Business

05 July, 2025

ENOC appoints Hussain Sultan Lootah as acting CEO
Image: Supplied

TT

16

The board of ENOC Group, the Dubai government-owned energy conglomerate, has appointed Hussain Sultan Ahmed Lootah as acting CEO, the company said in a statement last week.

Lootah succeeds Saif Humaid Al Falasi, who served as group CEO for the past decade, overseeing ENOC’s expansion and strategic growth initiatives.

“The appointment aligns with the group’s commitment to drive the future of energy and support Dubai’s ambitious plans of economic diversification and sustainable development,” ENOC said.

Lootah brings over three decades of experience to his new role at ENOC

Lootah, who brings over 30 years of leadership experience in the oil and gas sector, has held senior roles in finance, commercial strategy, project management, and human capital development. His previous work includes advancing Emiratisation efforts and strengthening local talent pipelines.

“ENOC Group is at the forefront of building a more sustainable energy landscape for the UAE and the wider region,” Lootah said. “I am honoured to step into this new role and look forward to working closely with ENOC’s talent and leaders to build on its legacy of innovation and excellence.”

ENOC, officially known as Emirates National Oil Company, operates across the energy value chain, from refining and storage to distribution and retail, and plays a central role in Dubai’s energy infrastructure and growth plans.

GE Aerospace’s Aziz Koleilat on the forces powering the Middle East’s aviation boom

Koleilat shares insights on GE Aerospace’s priorities as it marks its first year as an independent company and the region’s rising importance as a aviation hub

Neesha Salian
Neesha Salian

05 July, 2025

GE Aerospace’s Aziz Koleilat on the forces powering the Middle East’s aviation boom
Image: Supplied

TT

16

As the Middle East cements its role as a global aviation powerhouse, all eyes are on the region’s rapidly expanding fleets, world-class carriers, and multi-billion-dollar infrastructure investments. In this interview, Gulf Business speaks to Aziz Koleilat, president and CEO of METCIS at GE Aerospace, to unpack the momentum behind the region’s aviation ascent.

From national strategies shaping air travel to the emergence of the Middle East as a future MRO hub, Koleilat shares insights on what’s driving growth, the challenges ahead, and GE Aerospace’s priorities as it marks its first year as an independent company.

The Middle East has transformed into a major aviation hub. From your vantage point at GE Aerospace, what are the key factors driving this remarkable growth, and how sustainable is this trajectory?

The Middle East’s aviation story is one of incredible transformation. We’ve seen the region evolve from a mere stopover to a global aviation hub, with carriers competing to offer comprehensive networks and top-tier service. This sustained expansion is evident in the long-term growth figures, with the region achieving an average annual growth rate of 6.8 per cent, outpacing the global average since 2000.

Looking ahead, the Middle East’s commercial aviation market is poised for continued growth, fueled by increasing demand, the emergence of budget airlines, and substantial aircraft orders.

The region’s fleet is projected to expand at an annual rate of 5.1 per cent between 2025–2035, driven by the adoption of narrow-body aircraft. Long-term success, however, hinges on embracing more efficient practices and fostering technological innovation.

Qatar, Saudi Arabia and the UAE are leading forces in the region’s aviation sector. Can you elaborate on their distinct approaches and how they are shaping the future of air travel in the Middle East?

Saudi Arabia, Qatar and the UAE are demonstrating a strong appetite for growth, but with distinct strategies. In Qatar, dramatic growth has been driven by Qatar Airways, as it has developed Doha into a global connecting point. In terms of available seat kilometres, Qatar Airways has advanced from 17th to 6th largest globally in 2024. Our recent agreement with Qatar Airways was the largest in GE Aerospace history.

Saudi Arabia’s Vision 2030 offers a compelling example of rapid growth in demand, with its strong emphasis on economic diversification through sectors such as tourism. This ambition is being realised through significant investments in infrastructure and the development of new tourism destinations.

And in the UAE, a sustained model of aviation-driven growth continues to be fueled by a thriving tourism sector and the country’s role as a strategic global connector. A recent report by the International Air Transport Association (IATA) highlights the UAE’s aviation sector contributed $92bn or 18.2 per cent to the nation’s total GDP in 2023. This impact extends beyond direct employment, with the sector supporting 991,500 jobs across the wider supply chain, employee spending, and tourism activities.

All three countries recognise that as the region prepares to host world-class events and welcomes an influx of tourists, the reliability and efficiency of its aviation infrastructure will be critical in reaching national development goals.

The Middle East is poised to be an important global MRO market. What are the key drivers behind this trend, and what challenges and opportunities does it present for the region’s aviation industry?

The Middle East is indeed positioned well for the global maintenance, repair, and overhaul (MRO) market, driven by a substantial order book. The ten largest airlines in the Middle East already have a combined order book of 795 aircraft to be delivered by the end of the decade, one of the largest regional order books. This presents both opportunities and challenges. It requires investment in skilled talent, advanced technologies, and efficient processes to meet the growing demand for MRO services.

Looking beyond the immediate growth, what are the critical elements that will define the long-term success and sustainability of the Middle East’s aviation sector?

The future of aviation in the Middle East will be shaped by the effective use of digital solutions and the cultivation of a skilled workforce. Advanced data analytics can optimize flight operations, improve maintenance schedules, and enhance the passenger experience.

Investing in training programs and attracting top talent will be crucial for ensuring that the region has the expertise needed to implement these technologies and drive innovation. A focus on STEM education and partnerships with universities and technical colleges will be essential for building a pipeline of skilled aviation professionals.

As GE Aerospace commemorates its first year as an independent company, what is your message to the Middle East’s aviation community, and what are your priorities for the region in the coming years?

As GE Aerospace commemorates its first year as an independent company, we reaffirm our commitment to partnering with the Middle East’s aviation community to foster innovation and build a sustainable future for the industry.

We recognise the critical link between reliable infrastructure, efficient operations, and a seamless passenger experience. By understanding the unique challenges and opportunities in the region, we can collectively ensure its continued global success. We are committed to providing the technology and expertise needed to support ambitious national goals.

Read: Middle East: GE Aerospace invests $10m to enhance MRO capabilities

More news in uae