The UAE has officially denied rumours that digital currency investors are eligible for the country’s coveted Golden Visa.
In a joint statement, the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and Dubai’s Virtual Assets Regulatory Authority (VARA) clarified that cryptocurrency investments do not qualify for Golden Visa residency.
The ICP stressed that Golden Visas are granted under specific, approved criteria, including real estate investors, entrepreneurs, exceptional talents, scientists, top students, frontline workers, and humanitarian pioneers, but not digital asset holders.
The SCA reaffirmed its commitment to globally recognised regulatory standards and investor transparency. It noted that while virtual assets are regulated in the UAE, they are entirely separate from visa eligibility processes.
Meanwhile, VARA urged the public to steer clear of false claims and only engage with licensed and regulated virtual asset service providers. It also clarified that TON, a company mentioned in some of the misleading reports, is not licensed or regulated by VARA.
All three authorities warned against unverified social media posts and websites that spread misinformation. They urged investors and residents to refer only to official UAE government portals for accurate updates.
For official Golden Visa criteria, visit: www.icp.gov.ae