New Delhi, July 8 -- The United Arab Emirates (UAE) has rolled out a new nomination-based Golden Visa, offering lifetime residency for a one-time payment of Rs.23.30 lakh.

This marks an addition to the UAE's earlier residency option, which required a person to make a certain amount of investment in the Gulf country's real estate market or business.

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

This new visa intends to diversify its talent pool beyond ultra-wealthy people and attract global contributors across multiple industries.

The visa's final approval lies solely with the UAE authorities. Here are some non-negotiable checkpoints that the authorities are seeking:...