The UAE’s thriving economy and business friendly climate attract people from all over the world looking to invest or start enterprises. The UAE maintains an unique visa category for such persons called as the Dubai investor visa or partner visa.
Individuals who want to invest or establish an enterprise on the mainland or in free zones can apply for a visa. But, depending on the emirate you pick, the application procedure may differ. Following up is an overview of the Dubai investor visa, covering the documentation procedure, application fees and more.
WHAT IS THE DUBAI INVESTOR VISA?
This visa, also known as the Dubai partner visa, is excellent for foreign citizens who wish to start a business or invest in an existing business in Dubai. They can also live, work, and sponsor family members in Dubai.
Do you want to apply for a Dubai investor visa? According to the Dubai investor visa guidelines, this visa is only issued to persons who purchase shares in an existing firm valued at least AED 10 million or who form a company with a capital investment of the same amount.
DOCUMENTS REQUIRED FOR A DUBAI INVESTOR VISA FOR MAINLAND COMPANIES
These documents are required as part of the Dubai investor visa application if you are investing in or starting a company on Dubai’s mainland.
- Bank statement covering the past 6 months
- Immigration Establishment Card
- Memorandum Papers (MOA) as proof of the share of ownership
- One photograph with white background
- Passport copy
- Copy of Trade Licence Dubai
- The typed application
Formerly, the majority shareholder had to be a UAE native or an agent who would communicate with government authorities. Nevertheless, recent regulation amendments allow for full foreign ownership on the Dubai mainland.
HOW TO APPLY FOR A DUBAI INVESTOR VISA
Individuals who want to apply for a Dubai Investment Visa must follow these procedures.
- Online entry permit application.
- Apply for an investor visa in person at the General Directorate of Residency and Foreigners Affairs (GDRFA) or online at the GDRFA website.
- To obtain a medical fitness exam, go to any government health center. While completing the entry permit form, you will be prompted to specify the health center you wish to attend.
- There is no rejection letter from your bank.
- Bank statement
- A Dubai Police certificate of good behavior
- As part of your visa application, you must purchase health insurance. Examine the many health insurance providers in Dubai to choose which one best meets your needs.
COSTS OF A DUBAI INVESTOR VISA
The cost of a Dubai investor visa through an Amer centre is as follows.
- Entry permit: AED 1,175 for individuals in the UAE and AED 525 for individuals outside the UAE.
- Change of status: AED 675 (not required for individuals entering from outside the UAE).
- Visa stamping: Approximately AED 870
- Emirates ID: AED 500
- Medical Tests: AED 350
Please keep in mind that there are additional fees for the immigration establishment card required for this visa. These prices do not include the trade license fees levied by the Dubai Economic Department.
You can also apply for an investor residence visa in Dubai using the online E-government Directorate of Naturalisation and Residency Department (eDNRD) site, which is accessible to corporations and enterprises in Dubai.
DUBAI INVESTOR VISA FOR COMPANIES IN THE FREE ZONE
Dubai promotes foreign investment and commercial activity by establishing free zones or free trade zones. Companies operating in business zones are free from taxes such as VAT, and foreign nationals hold 100% of the company. Persons who invest in or start a free zone enterprise in certain designated regions are also eligible for the Dubai partner visa, which is sponsored by the free trade zone.
However, the application process for this visa will change for free zone company owners and investors. The application process and cost will vary based on the free zone in which the firm operates, the type of the business, and other variables. You may also view the full list of free zones in Dubai, which cater to various industries such as media, healthcare, and manufacturing.
INVESTOR VISAS IN DUBAI FOR 5 AND 10 YEARS
The government has created long-term visas for the UAE, including the property investor visa.
VISA ELIGIBILITY FOR 10 YEARS
To qualify for the 10-year investment visa, you must satisfy certain requirements, including a public investment of at least AED 10 million. Anyone interested in investing might do so in the following categories.
- UAE-based Investment funds.
- Establish a company in the UAE with a capital of AED 10 million.
- Become a partner in a new or existing company with a share value of a minimum of AED 10 million.
Talking about the investment conditions, you must remember these rules.
- The invested amount should not be a loan.
- Financial solvency for up to AED 10 million.
- The 10 million has to be divided into real estate and non-real estate investments.
REAL ESTATE VISA ELIGIBILITY FOR 5 YEARS
You must complete the following requirements to get a 5-year investor visa in Dubai.
- An investor must buy a property with a minimum value of AED 2 million.
- This amount can be acquired via a loan from certain local banks.
- A minimum two year period for property retention.
- The investor must invest in one or more off-plan properties from approved real estate companies.
ENTREPRENEURS ARE ELIGIBLE FOR A 5-YEAR VISA
If you are an entrepreneur, you must complete the following requirements to qualify for a 5-year investment visa in Dubai.
- The investor should invest at least AED 500,000 in an existing initiative or a project that has been authorized by an established business incubator.
FAQS
WHAT ARE THE RULES FOR START-UPS IN DUBAI?
If you want to apply for an investor visa by forming your own firm, here’s a step-by-step guide to starting a business in Dubai. Anyone thinking about building a free zone office in Dubai should read our guide to doing so.
CAN YOU SPONSOR YOUR WIFE AND CHILDREN WITH A DUBAI INVESTOR VISA?
Yes, you may invite close family members to reside with you in Dubai if you have an investment visa.
This finishes our guide on the Dubai investor visa requirements. When it comes to investment, the Dubai government’s policies have always been appealing. With the economy slowly recovering from the epidemic, this may be the greatest moment to make a move.
