UAE Clarifies Cryptocurrency Investments Do Not Qualify for Golden Visa

UAE authorities have officially clarified that cryptocurrency investments do not qualify individuals for the country's golden visa program. This clarification comes in response to widespread speculation and misinformation circulating online, suggesting that digital asset holders could obtain long-term residence visas through their investments.

The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) issued a joint statement to address these rumors. The statement explicitly stated that ownership or investment in digital currencies is not a valid criterion for obtaining a golden visa. The golden visa program remains strictly based on government-approved criteria, which include real estate ownership, entrepreneurship, scientific skills, and academic achievements.

The regulatory bodies emphasized the importance of transparency and investor protection. The SCA reiterated its commitment to maintaining high regulatory standards, ensuring that digital asset investments are managed under separate legal frameworks independent of the golden visa scheme. The agency warned the public against relying on unofficial channels, which could lead to misinformation and financial risks.

VARA also denied reports that crypto investors in Dubai were being granted long-term residency. The authority advised the public to engage only with fully licensed and registered companies under UAE law. VARA specifically noted that it does not regulate the company TON and that it is not authorized to offer services in Dubai. The public was urged to avoid engaging with online ads or promotions promising golden visas through digital asset investments, and to rely solely on information from official government websites.

The golden visa program continues to be available to qualified investors, professionals, and students who meet specific criteria. Investors must deposit at least AED 2 million in accredited funds or provide proof of qualifying business ownership. Real estate investors must demonstrate property ownership worth AED 2 million or more. Entrepreneurs can qualify by establishing innovative projects valued at over AED 500,000. Exceptional professionals in fields such as science, arts, medicine, and engineering must provide credentials and endorsements from approved bodies. High-achieving students may also qualify based on their academic performance.

The ICP, SCA, and VARA stressed the importance of relying on government portals for accurate information and encouraged the public to report any suspicious visa offers. Full guidelines for the golden visa program are available on the ICP’s official website. This clarification aims to control fraudulent activity and ensure that the public receives correct guidance regarding the golden visa program.