UAE authorities confirmed cryptocurrency investments are not part of the golden visa eligibility criteria.
Regulatory bodies warned against misinformation and unlicensed firms claiming to offer golden visa access via digital assets.
The golden visa remains limited to qualified investors, professionals, entrepreneurs, and outstanding students under official regulations.
In the United Arab Emirates, the government has formally refuted the alleged claim that crypto investors could be given the golden visa entitlement in the country. This announcement has been made after there were rampant conjectures online and on social media that virtual assets owners might get long-term residence visas.
Confirmed by Satoshi Club on X, the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) collectively came up with a statement that could shed some light on the regulations. The ICP established that the possession or investment in digital currencies cannot be used to qualify as golden visa.
https://twitter.com/esatoshiclub/status/1941970224107880893
The program has remained based on certain criteria that have been approved by the government, which may be in the form of ownership of real estate, entrepreneurship, scientific skills, and academic success. Cryptocurrency investment is not found in any element of the official framework. The government encouraged people to access reliable government information on visas to avoid current speculation based on the Internet as the source of updated information on visas.
Regulatory Bodies Reject Misleading Claims
The SCA assured its commitment to regulatory standards that ensure transparency, investor protection, and market credibility. It stated that digital asset investments are managed under separate legal frameworks. These frameworks are independent of the golden visa scheme and operate under financial sector laws. The agency emphasized that relying on unofficial channels may lead to misinformation and financial risk.
Similarly, VARA denied reports that crypto investors in Dubai were being granted long-term residency. It advised the public to deal only with companies that are fully licensed and registered under UAE law. VARA also confirmed it does not regulate the company TON and that it is not authorized to offer services in Dubai.
Authorities warned individuals not to engage with online ads or promotions promising golden visas through digital asset investments. The joint statement advised that only proved information from official government websites should be considered. These steps aim to control fraudulent activity and ensure the public receives correct guidance.
Clear Requirements for Golden Visa Applicants
Golden visa eligibility remains available to investors, professionals, and students who meet strict criteria. Investors must deposit at least AED 2 million in accredited funds or present proof of qualifying business ownership. Real estate investors must show property ownership worth AED 2 million or more.
Entrepreneurs can be eligible if they establish approved 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 academic performance. The ICP, SCA, and VARA emphasized the importance of relying on government portals for accurate information. They also encouraged the public to report any suspicious visa offers. Full golden visa guidelines are available on the ICP’s official website.
