UAE slaps TON golden visa, what other reliable options are there for Web3 visas?
Author: 1912212.eth, Foresight News
On July 6, market news reported that Toncoin is collaborating with the UAE to offer a 10-year golden visa to TON stakers. The related page shows that TON stakers only need to pay a one-time fee of $35,000 to obtain a 10-year golden visa. The official statement claims that the program aims to attract high-net-worth individuals and crypto investors to support the TON network through long-term staking while enjoying residency and business conveniences in the UAE.
Shortly after the announcement, CZ commented on social media, "If this is true, we will definitely work to ensure that BNB enjoys the same treatment." Max Crown, CEO of the TON Foundation, quickly responded to CZ on social media, "Absolutely true. DM me."
However, the backlash came swiftly. On July 7, the UAE's Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), Securities and Commodities Authority (SCA), and Virtual Assets Regulatory Authority (VARA) jointly issued a statement declaring that reports circulating on certain websites and social media platforms about the UAE granting golden visas to cryptocurrency investors are false. The issuance of golden visas is based on a clear and officially approved framework and standards, which do not include cryptocurrency investors. VARA also clarified that TON has not obtained permission or regulation from VARA.
In light of this farce, the question of which countries or regions crypto investors, practitioners, or companies can obtain visas from has once again become a focal point in the market.
The UAE, especially Dubai, has become a popular destination for global cryptocurrency startups and investors in recent years. Although the "TON golden visa" news was a miscommunication, the UAE does indeed offer the following types of visa conveniences related to crypto:
Free Zone Entrepreneur Visa (Crypto Zone Residency)
For individual investors: No clear channels available
Summary: Although there are no special visas for stakers of coins like TON, entrepreneurs, employees, and investors in the crypto industry can obtain legal residency through company establishment and other means.
These countries are known for their Citizenship by Investment Programs (CIP) and are popular choices for crypto millionaires seeking immigration.
Saint Kitts and Nevis
Antigua and Barbuda
Vanuatu
Summary: Although these countries have limited visa value, the acceptance of crypto assets in exchange for passports has become a reality, with many early investors or miners obtaining a "second identity" through such programs.
The USA currently does not have a dedicated visa pathway for crypto investors or entrepreneurs, but the following visa types may be indirectly applicable:
In December 2023, El Salvador legislated the "Freedom Visa/Citizenship by Bitcoin" program:
The implementing government stated that it supports Bitcoin payments for passport fees and investment amounts, which can be paid directly from wallets to the government. However, by January 29, 2025, according to the International Monetary Fund (IMF) loan agreement, El Salvador will amend its Bitcoin law, categorizing Bitcoin as "usable but illegal currency," and will cancel the mechanism for the government to accept BTC payments for passport fees or investment amounts. The official statement clearly indicated that the government "will no longer accept BTC for company registration, passport fees, or future investment citizenship programs."
There is no clear visa pathway specifically for "crypto investors."
Support for entrepreneurs:
Summary: Hong Kong is very friendly to the crypto industry, but more so towards entrepreneurs, developers, and teams establishing businesses.
There is no dedicated visa or immigration pathway for crypto investors. Singapore emphasizes the real economy and financial regulation. Although it was initially friendly to crypto, it is now leaning towards stability and compliance. The following visas may be indirectly applicable:
- Suitable for registering tech companies in Singapore
- Crypto projects can fall under the "Innovative Technology" category
Summary: Singapore welcomes compliant blockchain entrepreneurs but does not welcome "purely investment-type" crypto users for entry.
It is evident that some countries or regions are not welcoming to purely investment-type crypto users. They tend to favor technical talent, startup companies, etc. The visa thresholds in these countries or regions are relatively high, prompting some crypto investors and practitioners to turn their attention to digital nomad visas.
The Digital Nomad Visa is a special visa type introduced by some countries for remote workers, freelancers, tech practitioners, etc., allowing them to legally reside locally for 6 months to several years without joining the local labor market or local companies.
According to OpenAI statistics, currently, over 20 countries in Europe have introduced related policies, with durations ranging from six months to a maximum of five years. Other countries like Latvia, Norway, and Italy are also gradually launching pilot projects for digital nomad visas.
In the Americas, especially in South American countries, the maximum duration for digital nomad visas ranges from 9 months to 4 years.
In Asia, only 5 countries support digital nomad visas.
In Africa and the Middle East, there are 5 countries that support digital nomad visas.
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