New Delhi, July 8 -- The United Arab Emirates (UAE) has introduced a new nomination-based Golden Visa system, offering lifetime residency to skilled professionals.

This marks a new era in the UAE's talent acquisition policy, one that prioritises professional contribution contrary to its earlier practice of demanding large investments in property or business.

For now, this new visa system has only been extended to India and Bangladesh to test the efficiency of the system.

UAE-based Rayad Group and VFS Global, a visa service provider, have been chosen by the authorities to vet the applicants and then forward them.

If an Indian national wants to apply for the new visa, they must follow a process that involves background checks to determi...