gelten
to be valid
To have validity; to be in force or effective. Often refers to rules, laws, offers, or tickets.
Diese Fahrkarte gilt nur für den Nahverkehr.
This ticket is valid only for local public transport.

to apply / be valid
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to be valid
To have validity; to be in force or effective. Often refers to rules, laws, offers, or tickets.
Diese Fahrkarte gilt nur für den Nahverkehr.
This ticket is valid only for local public transport.

In the meaning 'gültig sein' (to be valid), 'gelten' often stands alone with the subject. The subject is the rule, law, or document that is in force.
Das Angebot gilt nur noch bis morgen.
The offer is valid only until tomorrow.
To express that someone or something has a certain reputation, the fixed structure 'gelten als' (to be considered as) + nominative is used.
Der Film gilt als Meisterwerk des modernen Kinos.
The film is considered a masterpiece of modern cinema.
When 'gelten' means that something applies to someone or something, the preposition 'für' (for) with the accusative is always used.
Diese Regel gilt nicht für Kinder unter sechs Jahren.
This rule does not apply to children under six years old.
To express that something is directed at a person or thing, the target is in the dative. This construction is often found with looks, thoughts, or greetings.
Sein erster Gedanke am Morgen galt dem bevorstehenden Gespräch.
His first thought in the morning was directed at the upcoming conversation.
The impersonal expression 'es gilt zu' + infinitive expresses a necessity or an important task. It is used mainly in written language or in formal speeches.
Nach der Niederlage gilt es, die Mannschaft neu zu motivieren.
After the defeat, it is necessary to motivate the team again.
to pass / consist / exist
'gelten' and 'bestehen' can both express that something is present or effective. The important difference lies in the perspective. Use 'gelten' when a rule, law, ticket, or offer is valid. 'bestehen' more often says that something exists or continues to be there, for example a problem, a contract, or a possibility. Learners may confuse the words because both occur in official situations. A practical guide: a rule 'gilt' (is valid/applies); a problem or possibility 'besteht' (exists).

Diese Fahrkarte gilt nur bis Mitternacht.
This ticket is valid only until midnight.
Zwischen den beiden Firmen besteht seit Jahren ein Vertrag.
A contract has existed between the two companies for years.