- The United Arab Emirates confirms that it does not grant golden visas to investors in digital currencies.
- Only specific categories, such as real estate investors, entrepreneurs, scientists, students, and frontline workers qualify for golden visas.
- Authorities urge investors to rely on official sources for information about visas and crypto regulations.
- No golden visas have been issued to cryptocurrency or virtual asset investors in Dubai, according to regulatory bodies.
- Entities must follow government-approved VISA procedures and only work with fully licensed companies for virtual asset dealings.
The United Arab Emirates has officially denied recent reports stating that the country provides golden visas to investors in digital currencies. The clarification came after several websites claimed that golden visas, which grant long-term residency, were being offered to those involved in the cryptocurrency sector.
The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), Securities and Commodities Authority (SCA), and Virtual Assets Regulatory Authority (VARA) released a joint statement outlining the official framework for golden visa eligibility. These authorities emphasized that golden visas are reserved for real estate investors, entrepreneurs, exceptional talents, scientists and specialists, top students and graduates, humanitarian pioneers, and frontline workers. The approved guidelines do not list digital currency investors.
The ICP highlighted that golden visas follow “clear and officially approved frameworks and criteria.” The SCA underscored its focus on following “internationally recognized standards in regulating the financial sector and securities services in the Emirates.” Digital currency investments fall under separate regulatory measures and are not connected to golden visa eligibility, according to the authorities.
VARA specifically rejected any claims that Dubai issues golden visas to virtual asset investors. The agency stressed that investors and consumers should only conduct business with companies that are fully licensed and regulated for virtual asset services. The authorities further explained that all companies must strictly comply with government visa procedures, and noted that the company TON is “neither licensed nor regulated by VARA.”
The joint statement asked the public and investors to seek accurate information from official government sources and warned against online advertisements or offers that are not verified. All steps taken by the authorities aim to ensure transparency, investor confidence, and a secure environment for financial activities in the UAE.
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