Crypto investors not eligible for UAE Golden Visa
The Virtual Assets Regulatory Authority (VARA) has clarified that investment in cryptocurrencies or virtual assets does not qualify individuals for the UAE Golden Visa. The authority emphasized that recent claims suggesting otherwise are false.
Official visa procedures apply
According to VARA, any entity licensed under its jurisdiction must follow the official Golden Visa procedures set by the Government of Dubai and UAE federal authorities. Specifically, it noted that the company “TON” is neither licensed nor regulated by VARA.
Licensed entities only
Investors and consumers are urged to deal only with entities that are licensed and regulated for virtual asset services and investments. VARA highlighted its collaboration with the Securities and Commodities Authority (SCA) and law enforcement to uphold high standards of risk assurance and protect consumers.
SCA reaffirms legal framework
The SCA reiterated its commitment to internationally recognized standards in regulating the UAE’s financial and securities sectors. It also emphasized that:
- Investment in digital currencies is governed by established legal frameworks.
- Crypto investments are not linked to Golden Visa eligibility.
Warning against misinformation
Authorities have warned the public to be cautious of misleading advertisements or unverified online offers claiming Golden Visa eligibility through crypto investments. Such offers may be deceptive and unauthorized.
Rely on official sources
To verify eligibility and application procedures for the Golden Visa, individuals are advised to use government websites or authorized platforms such as:
A QR code is also provided by official platforms for nomination and application processes.
Summary
Crypto investors are not eligible for the UAE Golden Visa simply by investing in digital currencies. The public is advised to rely on official government sources for accurate and up-to-date information on Golden Visa regulations and to avoid engaging with unverified entities or advertisements.
