based on materials from the site - By Cryptopolitan_News
Toncoin has just announced a partnership with the United Arab Emirates, which allows it to offer a 10-year golden visa to investors who can stake a certain amount of TON tokens for at least three years.
The blockchain-based residency program that combines cryptocurrency investment with immigration policy is the first of its kind in the UAE and costs less than similar investment visas.
According to information on the official website, any investor wishing to benefit from this opportunity must stake at least $100,000 in TON tokens for three years through a decentralized smart contract on the TON blockchain.
In addition to staking TON, investors will also have to pay a one-time fee of $35,000. This fee is required for processing the visa, which is reportedly able to be completed within seven weeks, significantly faster than existing traditional alternatives.
Currently, the program is merit-based, and candidates are expected to be selected through a selective review. There will also be no threshold for real estate or minimum income, which distinguishes it from traditional paths to obtaining the UAE Golden Visa, which are known to often require over $500,000 in the form of real estate or fixed deposits.
Those who apply and are selected will receive a 10-year UAE Golden Visa, which they claim is renewable and extends to spouses, children, and parents at no additional cost (only standard government fees apply).
There are also financial incentives, including allowing stakers to earn an estimated annual percentage yield (APY) during the staking period of 3-4%, although returns may vary depending on the volatility of the TON market.
Additionally, unlike current real estate-based visa programs, the staked TON tokens will remain under the control of the investor, and they will have the option to withdraw them completely after the lock-up period.
Other countries have launched variations of golden visa programs.
Although the new partnership between Toncoin and the UAE for the golden visa offering is an excellent innovation, several countries and platforms offer similar programs that integrate cryptocurrencies.
Some accept cryptocurrency directly and indirectly in their citizenship by investment (CBI) or residency programs, including Vanuatu, Dominica, Saint Lucia, and Portugal.
Compared to the golden visa associated with Toncoin, Vanuatu's CBI program requires a minimum investment of around $130,000 for a single applicant, typically in the form of a donation to government development funds.
However, Vanuatu's CBI program requires that all payments be converted to fiat if the investor pays in cryptocurrency, with verified proof of funds and due diligence checks. Those who receive it are guaranteed visa-free entry to over 130 countries, including the Schengen Area and the UK, as well as a favorable tax environment with no income tax or capital gains tax.
In Dominica's version, similar requirements apply: a minimum investment of $100,000 as a donation or $200,000 in real estate. Investors must also provide documentation of crypto assets to ensure legality and liquidity availability. The visa also provides visa-free access to over 140 countries and a cryptocurrency-friendly tax regime.
The UAE's partnership with Toncoin stands out because it offers more than just free access to other countries and a cryptocurrency-friendly regime. Benefits extend to family members, and investors get all their staked TON back after three years.
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