Downsides of dual citizenship: What to know

Dual citizenship allows you to be a legal citizen of two countries at the same time. It can give you more freedom to live, work and travel, but it also comes with responsibilities that may affect your finances, legal status and personal choices.

Before applying for a second nationality, it is important to understand the potential downsides of dual citizenship. You may need to file tax returns in both countries, meet military service obligations or follow different laws depending on where you live. You could also face limits on consular assistance while in your other country of citizenship.

In some cases, holding two nationalities can make it difficult to renounce one later. Certain countries also restrict dual citizenship or may withdraw your original nationality when you acquire another. Understanding these rules before making a decision helps you weigh the benefits against the possible risks and avoid unexpected legal or financial complications.

Does dual citizenship mean paying tax twice?

Dual citizenship taxes can be confusing because you may have tax obligations in both countries. Filing two tax returns is common, but paying tax twice on the same income usually is not. Whether you owe taxes in both countries depends on the tax laws of both countries, where you live, where your income comes from, and your citizenship status. Some countries tax residents on worldwide income, while others also tax citizens living abroad.

Tax treaties between countries can help reduce double taxation. These agreements may determine which country has the primary right to tax certain income or allow you to claim relief for taxes paid elsewhere. However, not every country has a tax treaty with every other country, and the rules differ by agreement. A treaty may reduce your tax burden without removing every filing requirement.

If you are a US citizen living abroad, the foreign earned income exclusion may allow you to exclude qualifying foreign-earned income from US federal income tax if you meet specific requirements. It does not automatically eliminate all US tax obligations. Before making decisions, check the rules in both countries and consult a qualified tax professional for guidance on your circumstances.

Which countries do not allow dual citizenship?

Countries have different rules on dual citizenship, with some prohibiting it altogether or withdrawing nationality when citizens voluntarily acquire another citizenship. Here are some countries that do not allow dual citizenship or impose restrictions on it:

China

China does not recognise dual nationality under its Nationality Law. Chinese citizens who voluntarily settle abroad and acquire foreign nationality may automatically lose Chinese nationality. However, the application of this rule depends on legal circumstances, so verify current requirements before pursuing another citizenship.

India

India does not permit full dual citizenship. Indian citizens who voluntarily acquire another country’s citizenship generally lose Indian citizenship and must surrender their Indian passport. The Overseas Citizen of India (OCI) scheme offers eligible foreign citizens of Indian origin certain benefits, but it is not citizenship.

Japan

Japan generally requires people with multiple nationalities to choose one nationality under its Nationality Act. Those who acquire another nationality voluntarily may lose Japanese nationality. People who hold dual nationality from birth face a nationality-selection requirement, with deadlines and procedures depending on their circumstances.

Singapore

Singapore generally prohibits adult citizens from holding dual citizenship. People who acquire Singapore citizenship may need to renounce their foreign nationality, while Singapore citizens who voluntarily acquire another nationality risk losing Singapore citizenship. Rules for minors differ, so check official requirements before making citizenship decisions.

Saudi Arabia

Saudi Arabia restricts dual nationality. Saudi citizens generally require prior permission to acquire another nationality, and obtaining foreign citizenship without approval may lead to loss of Saudi citizenship under applicable law. The consequences depend on individual circumstances, so confirm current rules with Saudi authorities before applying.

Also read: How to receive international freelance payments in Saudi Arabia

Austria

Austria generally withdraws Austrian citizenship when a citizen voluntarily acquires another nationality, unless they obtain permission to retain Austrian citizenship beforehand. Exceptions may apply in specific circumstances, including certain cases involving citizenship by birth. Always check the legal requirements before pursuing naturalisation in another country.

Kazakhstan

Kazakhstan does not recognise dual citizenship under its nationality laws. Citizens who acquire another nationality are generally required to report it and surrender their Kazakh documents within the applicable period. Failure to comply may result in penalties, so confirm the current reporting and citizenship-loss rules with official authorities.

What consular protection do you lose?

Consular protection is assistance your government provides when you encounter problems abroad, such as arrest, illness, lost travel documents or an emergency. If you hold dual citizenship, you may expect both countries to help you when something goes wrong. However, your ability to receive assistance from one country can be limited when you are inside the other country where you are also a citizen.

For example, if you are a dual citizen of the United States and Nigeria and face arrest while in Nigeria, US officials may be unable to intervene on your behalf. Nigerian authorities may treat you solely as a Nigerian citizen and may not recognise your American nationality. This can limit access to US consular assistance, including visits or representations to local authorities.

These restrictions do not mean you lose all consular protection whenever you travel. Your options depend on the countries involved, their laws and any applicable agreements. Before travelling, check your government’s guidance on dual nationality, local laws and emergency contacts so you understand what support may be available.

Military service and other civic obligations

Dual citizenship can bring legal responsibilities in both countries, even when you live permanently in one. Depending on each country’s laws, you may be required to complete military service, respond to jury duty summons or meet compulsory voting requirements while living abroad.

Military conscription can be particularly important if one of your countries requires eligible citizens to serve in its armed forces. Some countries provide exemptions, deferments or alternative service arrangements, but these depend on factors such as your age, residency and circumstances. Jury duty and voting obligations also vary, and some countries allow citizens overseas to fulfil these duties remotely or qualify for exemptions.

Ignoring a legal obligation may lead to fines, travel restrictions, difficulties renewing documents or other penalties, depending on the country and the specific law. Before acquiring a second nationality, check the civic duties attached to both citizenships. Understanding these requirements can help you avoid unexpected obligations when travelling, relocating or returning to either country.

Also read: D7 visa Portugal: Requirements and how to apply

How hard is it to renounce citizenship?

Renouncing citizenship is not always straightforward. The process depends on the country’s laws, and you may need to apply through an embassy or consulate, attend an appointment, submit original documents and prove that you hold another nationality. Some countries will not allow you to renounce citizenship if doing so would leave you stateless.

Fees and waiting times vary considerably. You may pay an application or administrative fee, cover document certification and translation costs, and wait several months or longer for approval. In some cases, additional checks or incomplete paperwork can delay the process.

Tax obligations can make renunciation more complicated. For example, the United States generally requires certain citizens who renounce their nationality to complete final tax filings, and some may face an expatriation tax if they meet specific criteria. Other countries may impose outstanding tax obligations or departure-related requirements, depending on their laws. Renouncing citizenship does not automatically erase unpaid taxes or other liabilities. Before proceeding, check the official requirements of your country and consider seeking qualified legal or tax advice.

Frequently asked questions

1. Do dual citizens pay tax in both countries?

Yes, dual citizens may have tax obligations in both countries, depending on residency, citizenship and income sources. The United States taxes citizens on worldwide income, even when they live abroad. Tax treaties and foreign tax credits can help reduce double taxation, although filing requirements may still apply.

2. Which countries ban dual citizenship?

Countries such as China, India, Japan and Singapore restrict or generally prohibit dual citizenship under specific circumstances. Saudi Arabia, Austria, Kazakhstan and Indonesia also impose restrictions. However, rules and exceptions vary, so check each country’s current nationality laws before applying for another citizenship.

3. Can you lose your original citizenship automatically?

Yes, some countries may withdraw your original citizenship when you voluntarily acquire another nationality. India generally ends Indian citizenship upon voluntary acquisition of foreign citizenship, while China does not recognise dual nationality and applies specific rules to citizens who settle abroad and acquire foreign citizenship.

4. Can dual citizens be conscripted?

Yes, dual citizens may face military service obligations in either country, depending on its laws. Requirements can depend on age, residency and nationality status. Some countries have exemptions or agreements to prevent double service, so check the rules before travelling or relocating.

5. Which passport should you travel on?

Dual citizens may need to use a particular country’s passport when entering or leaving that country. For example, US citizens generally must use a US passport to enter and leave the United States. Check both countries’ requirements and use the appropriate passport for international travel.

6. Is it hard to give up a second citizenship?

Renouncing citizenship can involve application fees, official documents, interviews and waiting periods. US citizens must generally complete an in-person renunciation appointment and may have tax filing obligations, including potential expatriation tax. Other countries have different procedures, so confirm the requirements before beginning.

Managing money across borders becomes easier when you have the right tools. With Grey, you can send money internationally, including transfers from the US to Canada, while holding and managing multiple currencies. Whether you’re travelling, working remotely or receiving payments from abroad, Grey helps you manage international payments and access your money across borders with greater convenience and flexibility.

Earning in euros or dollars while living in India is a common goal for many remote workers, digital nomads, and expats. This often translates to higher earning potential, especially when converted to rupees. Unfortunately, high fees, payment delays, complex paperwork and forced currency conversions often make getting paid from Europe and the US while living in India very challenging.

However, there are various ways to manage international payments seamlessly while working in India. Here is how professionals in India efficiently receive payments from Europe and the US, and keep more of their earnings.

Why getting paid from Europe and the US can be tricky

Most traditional Indian banks are designed for just domestic transactions rather than foreign payments. When payments arrive via international wire, they may pass through multiple intermediary banks and incur extra charges. On top of that, you are forced to convert from EUR or USD to INR immediately the money lands in your accounts, and the rates are often not that great.

Due to processing and the transaction network, it may take a few days for the payment to reach your account. Lack of control over fees, transaction speed, and conversion can be frustrating for many professionals. The uncertainties make financial planning somewhat difficult.

Also read: Why Bengaluru is India’s unofficial capital for remote work and startups

How to get paid from Europe and the US while living in India

Here are the popular options for managing international payments from Europe and the US while living in India

Bank transfers and SWIFT payments

Many European and US companies opt for international bank transfers via SWIFT because it is reliable. This method is widely trusted and works well for both large payments and regular salaries. However, it has drawbacks. Transfers may take several business days, and fees are deducted before the money even gets to your account. You may also need to provide additional documentation to access your earnings, which can be cumbersome.

While SWIFT transfers are acceptable for occasional payments, they are rarely the most cost-effective option for frequent international income.

Using digital payment platforms

Platforms such as PayPal, Payoneer and Skrill are popular because they are easy for foreign clients to use. Payments arrive quickly, and you can withdraw funds to your Indian bank account.

However, convenience comes at a cost. You need to be mindful of platform fees, withdrawal charges, and currency conversion mark-ups that can significantly reduce your earnings. Some users also experience account limitations or compliance reviews that temporarily restrict access to funds. This is why it is best to compare options before choosing a digital payment solution.

• Payoneer: Ideal if you work through international freelance marketplaces like Upwork or Fiverr. It provides multi-currency accounts and integrates seamlessly with these platforms, making withdrawals straightforward.
• Razorpay: An India-based payment gateway that allows businesses and some freelancers to accept international card payments in over 130 currencies directly into their Indian bank account.
• PayPal: Widely used and trusted by global clients. However, while PayPal supports swift transfers, it comes at a higher cost.

Also read: Payment methods Indians often miss: alternatives beyond PayPal and bank transfers

Multi-currency accounts

For many Indians earning from Europe and the US, multi-currency accounts have become the most efficient payment solution. These payment platforms help you open accounts in various currencies such as USD, EUR, and GBP. This way, clients can pay you as if they were making a local transfer within their country.

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You also don’t have to convert your earnings to INR immediately, as a multi-currency account allows you to hold foreign currency and convert when exchange rates are favourable. You can also spend foreign currencies directly to pay for your subscriptions, trips, and online purchases. This level of control protects your income because fees are typically low, transactions are swift, and there are no hidden fees.

• Grey: Tailored to remote workers in India with international clients. Users can access USD, EUR, and GBP account details for international payments within minutes. Transaction fees are generally low with mid-market exchange rates, and transactions are nearly instant. You can also get a USD debit card for your online payments and automated invoicing to streamline your finances. Grey also integrates seamlessly with global freelancing platforms (like Fiverr and Upwork) and online marketplaces (like Etsy and Amazon), allowing you to access your earnings without delay.
• Wise: Offers local account details (USD, EUR, GBP) so clients can pay you via a local transfer, avoiding SWIFT fees. Funds are converted at the mid-market exchange rate with low, transparent fees, ensuring you keep more of your earnings.
• Winvesta: A fintech company providing cross-border payments and multi-currency accounts for Indians. Users can manage payments in USD, EUR, GBP and other foreign currencies.

Also read: How remote workers in India can switch from traditional banks to Grey.

Managing your global income with Grey

Getting paid from Europe and the US while living in India does not have to be stressful. With the right tools, you can maximise your earnings and streamline your finances. Grey provides multi-currency accounts supporting USD, EUR, and GBP. This allows professionals in India to receive payments from Europe and the US easily. You can hold foreign currency, convert at competitive rates, and withdraw to your Indian bank account when it suits you.

Sign up on Grey today or download the app to get started.

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The freedom to work from anywhere as a remote worker is a flex that we don’t talk about enough. Unless you're retiring at 40 with investments to last for a lifetime, remote work is the closest thing to freedom and a premium work-life balance. But as you move around, failing to plan can be a plan to fail.

In this article, we look at the essentials of relocating and the steps you must take before you move. See this as your travel checklist as you pack your bags.

Cross-check the legal status and visa requirements

Moving to a new country to work isn’t always straightforward, and it often requires some paperwork. While many countries don’t expressly permit working remotely on a tourist visa, they don’t enforce compliance. Visa options like digital nomad visas, long-stay visas, and residency permits are often better for remote work. You should understand your visa duration, the rules for visa extensions, work permits, and other local regulations that apply in your destination.

Also read: Visa types every remote worker should know

Review your tax obligations

Often, moving to a different country doesn’t immediately affect your tax obligations. But working abroad can complicate your tax situation over time.  You may be required to pay taxes in your home country, your host country, or both, depending on your residency status, the local tax regulations, and how long you stay. Some countries consider you a tax resident after a certain number of days. Planning ahead helps you avoid double taxation, penalties, or running around at the last-minute to remain compliant. You can consult a tax professional if you are still unclear.

Estimate the living cost and budget appropriately

Relocating can be very expensive,  and you don't want to be shocked by the living costs. Research the average living costs, including rent, food, transportation, groceries, utilities, and fun activities. Check flight prices and book in advance to save money. You can use a spreadsheet for your monthly budget based on your income, and don’t forget to save for rainy days.

Also read: The ultimate guide to budgeting in multiple currencies for digital nomads

Consider internet connectivity and work infrastructure

Don’t choose a destination just based on aesthetics or the abundance of leisure activities. While you should strive for a good off-work lifestyle, you must prioritise a reliable internet and power supply.  Check average internet speeds, mobile data options, and power reliability. Identify coworking spaces or cafés as backups in case your home connection fails.

Relocating may significantly change your working hours. Decide whether you will adapt to your clients’ time zones or adjust your workload. Communicate this change clearly to your clients or employers so they can adjust their expectations accordingly. Clear communication expectations with employers or clients help avoid friction and burnout.

Get health insurance

While no one wishes for it, medical emergencies in an unfamiliar country can be frustrating. It is even worse if you have to pay out of your pocket. Getting travel health insurance before you move might be a smart, protective step to avoid paying too much for health care.

Also read: Getting health insurance and saving in foreign currencies

Set up a reliable payment system

Managing your international payments when you move to another country can be a struggle. It might take some time to open a local bank account, and your old payment system might not be very helpful in your new location. To avoid high transaction fees, exchange rate markups, and delayed payments that can eat into your earnings or affect your cash flow, it is best to plan ahead. Your best bet is to use a digital payment solution that offers multi-currency accounts and supports local withdrawals at the market exchange rate. This ensures you can move around the world, receive your payments, and withdraw locally with ease.

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Managing your finances on the move

Relocating as a remote worker is more than a change of address. It is a shift in how you manage work, your health, and finances. While the prospects can be exciting, it is imperative that you look before you leap. Grey ensures you have a dependable travel partner to help manage your finances anywhere you find yourself. With multi-currency accounts supporting USD, EUR, and GBP, you can easily receive payments from your international clients and withdraw to local accounts at competitive rates. Grey over a transparent fee structure with low charges to ensure you don’t lose a chunk of your money. Grey’s virtual USD debit card lets you make international transactions, giving you more financial freedom.

Get started on Grey’s website or download the mobile app today to manage your finances on the move.

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Finding US and European clients is a familiar struggle for many remote workers and businesses, but getting paid efficiently is a whole different ball game. Importantly, how you manage your international payments determines how much of your income you actually keep. High fees, payment delays, and forced currency conversions can be frustrating and reduce your earnings if you don’t plan how to receive your payment efficiently.  Here are your top options for receiving payments from US and European clients.

Also read: Highest-paying remote jobs for professionals in Morocco

Why payments can be challenging from Morocco

One reason many US and European clients might be hesitant to work with Moroccans is payment challenges. It would be easier to pay via local bank transfers such as ACH (US) or SEPA (Europe). Unfortunately, Moroccan bank accounts don’t support these systems directly. Payments are usually routed through international wire transfers. And while this option can be reliable, international wire transfers are slow and expensive. Sometimes, intermediary banks also add their own charges. As soon as the money reaches your account, it is converted to MAD at an unfair exchange rate.

How to get paid by US and European clients while living in Morocco

Here are some of the most popular options for receiving international payments in Morocco, with their benefits and shortcomings.

Traditional bank transfers

Despite high fees, slow payment processing, and forced conversion at unfavourable exchange rates, SWIFT transfers to Moroccan banks remain very popular, especially for larger payments and regular salaries. It seems to be a ‘more official’ payment option for international clients.

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Digital payment platforms

The arrival of digital payment platforms like Payoneer and PayPal tilted the odds in favour of Moroccans working with US and European clients. These services simplify international transactions and are faster than bank transfers.

Unfortunately, they also have drawbacks. Between high platform fees, withdrawal charges, and markups on exchange rates, many users end up losing a huge fraction of their income. Digital platforms are also prone to restrictions and account suspensions.

Also read: Wise vs PayPal vs Payoneer: which works better for Moroccans?

Using multi-currency accounts

Multi-currency accounts are now becoming the mainstay of cross-border payments in Morocco. Various fintech platforms let you have bank details in USD, EUR or GBP, allowing clients to pay you as if you were based in the US or Europe. You can receive payments via ACH or SEPA, keep the money in foreign currency, and convert to dirhams whenever you wish. This option significantly reduces transaction fees, speeds up international payments, and gives you control over your earnings.

Also read: How freelancers in Morocco can receive payments from US, UK & EU clients

A smarter way to manage international income

If you are looking for the most efficient way to manage your international earnings, you should consider Grey. The payment solution is designed to help Moroccans swiftly receive payments in USD, GBP, and EUR at low costs. You can keep your income in foreign currency and withdraw to your local MAD bank at competitive exchange rates. Users can also access a virtual USD debit card for seamless online payments and automate their invoicing in various currencies.

Sign up on Grey’s website or download the mobile app to manage your international income efficiently.

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A global work lifestyle is considerably different from the traditional work setting of people who earn locally. The traditional work setting is more rigid, providing structure for work hours, payment processing, and real-time communication and collaboration. On the other hand, remote workers and freelancers working with international or multinational companies and clients have to ensure this structure on their own. It entails managing collaboration and communication across different time zones, finding a sustainable work-life balance, and managing your finances right.

Delving into the global work lifestyle from the US can be daunting, but with the right plan in place, you can pull it off. We are also here to guide you through the process and ensure a stress-free experience.

Also read: Using your money abroad: a simple guide for US travellers

Define what your global work lifestyle entails

Global work lifestyle varies from person to person, depending on the work structure. You can work remotely for a US-based company while exploring other countries as a digital nomad. Some other professionals work for companies outside the US while living in the US. Whatever bracket you fall into, it is essential that you define what your work role requires and balance it with your social life to have the best experience. You may be required to clarify your remote work status with your employer. Not all remote jobs allow you to work from anywhere due to labour laws and tax implications.

Choose a desirable location

Once you have clarified the degree of freedom you have as a remote worker, you can easily plan where you’ll settle down. Being able to move around is one of the perks of being a remote worker, but you must properly research your next destination to avoid getting stranded. Consider the time zone and ensure it overlaps significantly with the rest of the team and your clients. Otherwise, you will be on a Zoom call by 2 am, half-asleep, and your manager is expecting you to contribute. Reliable internet, time zone alignment, visa rules, and the cost of living also matter when moving to a new country.

Plan your taxes

Many remote workers end up paying more taxes on their global income than they should because they aren’t aware of the local tax regulations. Your country might have Double Tax Agreements with other countries. This means that if you already file your taxes in one country, you don’t have to pay again in another. The US imposes a global tax, meaning that, as a US citizen, you must pay your taxes to the US government. Understanding tools like the Foreign Earned Income Exclusion (FEIE), foreign tax credits, and state tax residency rules can significantly affect how much you’ll pay.

Also read: How to handle foreign income taxes as a remote worker

Set up a reliable payment solution

Many global professionals struggle to manage their income when working in a different country with a different currency. Local banking regulations, unfair conversion rates, delayed transaction processes, and high charges cause a lot of discomfort and reduce your earnings. Opting for digital payment options with multi-currency support allows you to receive payments in US, EUR, and GBP efficiently. Platforms like Grey even provide a travel-friendly virtual USD card to support your spending abroad.

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Have a sustainable routine

It is easy to get caught in the social frenzy of remote work and forget it is actually about having more flexibility around work. You might need to consciously remind yourself that you’re not on vacation. Building a sustainable routine helps you create a structure around the flexibility of remote work. You also need some discipline to ensure you remain focused, productive, and grow. Have dedicated work hours and off times, have a workspace (within your residence, a café, or a co-working space), and set boundaries.

Build your savings and emergency funds.

As a global worker, it is very likely that your income and expenses fluctuate. This poses a major dilemma for many, especially when income is lower. Having some financial stability is very important for a positive experience as a global worker. Building your savings and emergency funds can bail you out on rainy days. Save up enough to last three months’ worth of expenses. Saving in USD helps you hedge against inflation, so don’t convert all your earnings to a local currency.

Also read: The ultimate guide to budgeting in multiple currencies for digital nomads

Managing your finances as a global worker

A global work lifestyle requires a global financial plan. Planning your global work lifestyle without adequately considering setting up a reliable payment option can leave you stranded in a new country or fork out a lot of money to fees and unfair conversions. Setting up a Grey account gives you multi-currency accounts that support USD, EUR, and GBP payments, so you can receive your earnings without stress. Apart from fast payment processing and low transaction fees, Grey allows you to withdraw to local bank accounts at favourable exchange rates. If you are planning for a global work lifestyle, then you have to plan with Grey.

Get started on Grey today or download the app to enjoy a reliable global payment solution for global workers.

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The UAE Golden Visa offers long-term residency to investors, entrepreneurs, skilled professionals and individuals with exceptional talent who want to live and build their future in the United Arab Emirates. Depending on the eligibility category, the visa is typically valid for five or ten years and can be renewed.

Unlike standard residency permits, the UAE Golden Visa allows eligible holders to live, work and study in the country without requiring a national sponsor. It also offers greater flexibility for individuals seeking long-term stability, career opportunities and business growth in the UAE.

Eligibility depends on factors such as professional qualifications, salary, investment value, business ownership or recognised achievements. Applicants must meet the specific requirements for their chosen category and provide supporting documents.

The application process generally involves identifying the appropriate eligibility route, gathering the required documents and submitting an application through the relevant UAE government authority or approved channel.

Understanding the eligibility criteria, documentation requirements and application process can help prospective applicants make informed decisions before applying for the UAE Golden Visa.

What is the UAE Golden Visa?

The UAE Golden Visa is a long-term residence permit introduced by the United Arab Emirates to attract investors, entrepreneurs, skilled professionals, scientists and individuals with exceptional talents. It allows eligible foreign nationals to live in the country and pursue career, business or educational opportunities without needing a traditional national sponsor.

The visa is generally issued for five or ten years, depending on the applicant’s eligibility category and the applicable requirements. It is renewable, provided the holder continues to meet the relevant conditions. The validity period offers greater stability for individuals and families planning to establish long-term roots in the UAE.

One of the key benefits of the UAE Golden Visa is self-sponsored residency. Unlike many standard employment-based residence permits, holders do not need an employer or UAE national to sponsor their residency. This provides greater independence when changing jobs, managing businesses or exploring professional opportunities.

For eligible applicants, the UAE Golden Visa offers more than extended residency. It provides flexibility to build a career, invest, study and plan for the future in one of the Middle East’s leading business and lifestyle destinations, subject to applicable laws and visa conditions.

Who Is Eligible for the UAE Golden Visa?

Your eligibility for the UAE Golden Visa depends on your professional achievements, investments, qualifications or exceptional abilities, with specific requirements for each applicant category.

Investors

Investors may qualify through eligible public investments or real estate investments that meet the UAE’s financial and regulatory requirements. Applicants must provide supporting documents to demonstrate that their investments satisfy the applicable criteria.

Entrepreneurs

Entrepreneurs may qualify through business ownership, approved projects or demonstrated entrepreneurial achievements, depending on the relevant eligibility category. Applicants must meet the applicable conditions and provide evidence of their business activities or project qualifications.

Skilled professionals

Skilled professionals may be eligible based on their occupation, educational qualifications, employment status, salary and other requirements. Eligibility depends on the applicant’s professional category and the relevant government regulations.

Students and graduates

Outstanding students and graduates may qualify based on academic performance, examination results and recognised institutional criteria. Specific requirements apply depending on their educational background and the relevant eligibility pathway.

Exceptional talent

Individuals with exceptional abilities in fields such as science, technology, arts, culture and sports may qualify through relevant approvals. Applicants may need to demonstrate recognised achievements, specialised expertise or professional distinction, depending on their field.

Investment routes and thresholds

The UAE Golden Visa offers long-term residency to eligible investors through property ownership and qualifying capital investments. The minimum investment threshold for these routes is generally AED 2 million, subject to the applicable eligibility criteria and documentation requirements.

Property investment

The property investment route requires real estate with a combined value of at least AED 2 million. Multiple properties may be combined to meet the threshold. Certain off-plan and mortgaged properties may qualify, depending on the emirate and applicable conditions.

Capital and public investments

Investors may qualify by investing at least AED 2 million in an eligible UAE investment fund or qualifying business. An approved bank deposit may also meet the requirements, subject to the relevant regulations and supporting documentation.

The 23 Lakh Rumour

Online claims about a UAE Golden Visa costing approximately ₹23 lakh, or AED 100,000, have caused confusion. This amount should not be mistaken for the standard investment threshold for the Golden Visa. Any offer promising residency at a significantly lower cost should be verified through official UAE government channels before payment.

Also read: How UAE freelancers save on currency exchange with Grey

How to apply for the UAE Golden Visa

Step-by-Step application process

1. Check your eligibility and apply

Choose the appropriate Golden Visa category and submit your application or nomination request through the relevant authority. Upload supporting documents, such as your property title deed, investment evidence or salary certificate, as required.

2. Obtain an entry permit if required

If you are applying from outside the UAE, check whether you need an entry permit to complete the residency process. Eligible applicants may use a six-month multiple-entry permit, subject to approval and applicable rules.

3. Complete your medical fitness test

Once in the UAE, complete the required medical fitness examination at an authorised centre. This typically includes a blood test and chest X-ray.

4. Submit your final application

Provide the remaining documents, including your medical fitness results and proof of health insurance, where required. Pay the applicable fees and wait for the authorities to process your application.

5. Complete biometrics and receive your Emirates ID

Attend your biometrics appointment if required. Once your application is approved, your Emirates ID and Golden Residency will be processed.

Where to apply

You can submit your UAE Golden Visa application online through the relevant government portal or get assistance in person at an authorised service centre.

• ICP: The Federal Authority for Identity, Citizenship, Customs and Port Security handles applications across Abu Dhabi, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah.
• GDRFA Dubai: If your application is connected to Dubai, use the General Directorate of Residency and Foreigners Affairs.
• Amer and authorised typing centres: Visit an approved centre in the UAE for help preparing and submitting your application.

Required documents

Prepare the following documents before applying. Additional requirements depend on your eligibility category.

• Valid passport: A clear copy of your passport. Six months' validity is commonly recommended.
• Current visa or status documents: Provide your existing UAE residence visa, visit visa or cancellation documents, as applicable.
• Medical fitness certificate: Submit the certificate issued by an authorised UAE medical centre when required.
• Health insurance: Provide valid UAE health insurance or any alternative documentation permitted for your category.
• Passport photograph: Prepare a recent digital photograph that meets the UAE authorities' specifications, typically with a white background.

Read also: How to open a virtual bank account as a freelancer in the UAE

Money and banking in the UAE

The UAE dirham (AED) is the country’s official currency and is pegged to the US dollar. Understanding money and banking in the UAE helps you manage everyday expenses, receive your salary and plan your finances. Opening a local bank account typically requires identification, residency documents and other information, depending on the bank.

If you manage money across countries, a multi-currency account makes it easier to handle international finances. Grey offers a convenient way to manage multiple currencies, giving you greater flexibility when receiving, holding and moving money across borders.

When you need to send money from the UAE to Nigeria, Grey provides a practical solution for cross-border transfers. Its multicurrency services help simplify international money management, whether you are supporting family, handling personal expenses or managing business payments. With Grey, you can streamline your international finances and make cross-border money transfers more convenient.

Frequently asked questions about the UAE Golden Visa

Who qualifies for the UAE Golden Visa?

Eligible applicants include real estate investors, entrepreneurs, skilled professionals, exceptional talents and outstanding students. Each category has specific financial, academic or professional requirements. Applicants must meet the relevant criteria and provide supporting documents to qualify for long-term UAE residency.

How long is the UAE Golden Visa valid?

The UAE Golden Visa is generally valid for five or ten years, depending on your eligibility category. It can be renewed if you continue to meet the applicable requirements. This long-term residency offers greater stability for professionals, investors and families planning to live in the UAE.

How much do you need to invest?

The minimum investment threshold for qualifying property and capital investment routes is generally AED 2 million. Skilled professionals may qualify through a separate route, subject to salary, qualification and employment requirements, including a monthly salary threshold of AED 30,000 for eligible categories.

Can your family join you?

Yes. Golden Visa holders can sponsor eligible family members, including their spouse and children, subject to applicable requirements. They may also sponsor domestic workers under the relevant rules. This allows families to enjoy greater stability while living together in the UAE.

How do you apply for the UAE Golden Visa?

Applications can be submitted through the relevant government authority, including ICP or GDRFA Dubai, depending on your emirate and category. Prepare your supporting documents, submit the application, complete required medical checks and biometrics, and pay applicable fees.

How can you move money to the UAE?

You can transfer funds to the UAE through international bank transfers or authorised money transfer providers. A local UAE bank account can help manage incoming funds and everyday expenses. Keep supporting documents for larger transfers and comply with applicable banking and anti-money laundering requirements.