The United Arab Emirates has officially denied claims regarding the possibility of obtaining a Golden Visa for investors in the Toncoin ecosystem.
Official Denial by UAE
On July 6, three federal bodies of the UAE – the Federal Authority for Identity, Citizenship, Customs and Port Security, the Securities and Commodities Authority, and the Virtual Assets Regulatory Authority – released a joint statement dismissing information circulating on social media about granting Golden Visas for staking $100,000 in Toncoin.
Conditions for Obtaining Golden Visa
According to ICP, Golden Visas are issued under specific legal frameworks that apply to a selected group, including top students, scientists, entrepreneurs, and real estate investors. Investors in digital assets are not eligible for any existing visa categories.
Criticism of the Toncoin Program
The program announced by the TON Foundation offered a 10-year UAE residency to applicants who stake $100,000 worth of Toncoin through a smart contract for three years, along with a processing fee of $35,000. However, UAE authorities did not grant formal approval to this initiative. Critics suggest that it functions more as a token utility vehicle rather than a genuine immigration pathway.
UAE emphasizes strict adherence to its visa requirements and warns investors about risks associated with unverified schemes, urging them to rely on official government channels for information.
