<ul data-eligibleForWebStory="false">UAE authorities have denied rumors about granting lifetime Golden Visas to certain nationalities.A Golden Visa allows eligible individuals to apply for long-term residency of five to 10 years, which is automatically renewable.To qualify for a Golden Visa, investors must meet specific financial criteria such as having a business plan and meeting investment thresholds.Media reports falsely claimed that UAE was offering a lifetime Golden Visa for a fee of AED 100,000, with initial rollout to India and Bangladesh.