People worldwide are drawn to the UAE to pursue investment opportunities or launch enterprises because of its robust economy and welcoming business climate. The UAE maintains a special category of visas for these people called the Dubai investor visa or partner visa.
You can apply for a visa to invest or launch a business in the mainland or one of the free zones. The application procedure, however, may differ based on the emirate you select. The Dubai investor visa regulations state that this visa may only be obtained by people who invest a minimum of AED 72,000 in stock in an existing firm or a capital investment in a new company.
Required Documents for an Investor Visa
Dubai Investor Visa Requirements:
These documents are required as part of the Dubai investor visa application if you plan to invest in or start a business on the mainland of Dubai.
- As evidence of the ownership share, Memorandum Papers (MOA)
- A picture with a white background.
- Emirates ID original of the sponsor
- Trade Licensing Copies
- IBAN of the sponsor’s bank account
- Institutional Card
- Current UAE visa of the spouse
- Copy of the partner’s passport
Before, the majority shareholder had to be a national of the UAE or a representative who would communicate with government agencies. However, all foreign ownership is now permitted in mainland Dubai due to recent regulatory revisions. Now, more than 1,000 commercial and industrial operations can be carried out by companies without a majority Emirati ownership.
Dubai Investor Visa Cost
The Dubai investor visa fees when applying through an Amer centre are 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
- Visa stamping: Approximately AED 870
- Emirates ID: AED 405
- Medical Tests: AED 322.5
The immigration establishment card required for the Dubai investor visa has additional costs, so please be aware of that. Moreover, the GDRFA is the one who levies the expenses listed above. They do not include the fees for the trade licences that the Dubai Economic Department issues.
Applying for Dubai Investment Visa
These procedures must be followed by those who want to apply for a Dubai Investment Visa.
- At the immigration office, a typing centre, or a Tasheel centre, apply for an admission permit.
- A medical fitness test is available at any government health facility. When filling out the admission permit form, you must identify the health centre you wish to attend.
- A form for an Emirates ID was filled out at an Amer Center. Submit your application at a Federal Authority for Identification and Citizenship centre, and be sure to include your original UAE ID (if applicable), family photos, and any family members’ Emirates ID applications with you. You must submit biometric information if you have never previously applied for an Emirates ID.
- As a requirement for applying for a visa, you must purchase health insurance. Examine Dubai’s many health insurance providers to choose which best meets your needs.
- Visit any of the city’s Immigration centres to change your visa status to an investor residency visa. Al Jafiliya, Al Twar, Dubai Festival City, and Al Quoz are all places where you may locate Amer centres.
The 3-Year, 5-Year, and 10-Year Investor Visas in Dubai
For Dubai investors, the government has introduced 10-year and 5-year long-term visas. The conditions for a three-year investor visa in Dubai have also been changed.
Eligibility for a 3-Years Visa
To be eligible for a 3-year investor visa in Dubai, you must fulfil the requirements listed below:
- A property worth at least 750k AED must belong to the investor.
- If the property is mortgaged, the bank must get a down payment of 50% of the entire value.
- The investor must present a bank letter of no objection in Arabic.
- The investor must present a marriage certificate, although the property may be divided between couples.
- The property must be a residence, not a business.
- Providing their stake is worth at least AED 750k, the investor may also apply through a jointly held property.
Eligibility for 5 Years Visa
You must fulfill the requirements below to be granted a 5-year investment visa in Dubai:
- A property must cost at least AED 5 million to be purchased by an investor.
- You shouldn’t take out a loan to pay this amount.
- A minimum of three years must pass before the property is released.
- A freehold property is what the investor must purchase.
Eligibility for 10 Years Visa
You must fulfil certain requirements, including making public investments totaling at least AED 10 million, to be eligible for the 10-year investment visa. Those who are interested can invest in the following areas:
- UAE-based investment funds.
- Create a business in the UAE with a capital of AED 10,000,000.
- Invest at least AED 10 million in shares of a new or existing company to join as a partner.
Dubai Investment Visa for Free Zone Businesses
Dubai encourages international business and economic activities by establishing free zones or free trade zones in the emirate. Businesses operating in business zones are excluded from taxes like the Value-Added Tax (VAT), and foreigners hold 100% of the company. The free trade zone may act as the applicant’s sponsor when an individual invests in or establishes a free zone business in one of these specified locations.
For owners and investors of free zone enterprises, the application process for the Dubai investor visa will be different. The type of business, the free zone where the company is located, and other considerations will all affect the application procedure and fees.
Dubai Investor Visa Processing Time
The time required to process your investor visa is anywhere between 15-20 working days, from start to end. This includes time taken to register your new business setup in Dubai, getting your trade license, visa application process, and getting your investor visa stamped in your passport.
Dubai Investor Visa renewal fee
The amount required to renew an investor’s residency permit is AED 250. A surcharge of AED 100 will be charged for an urgent request.
FAQs
What are the requirements for opening a Business in Dubai?
This is a step-by-step guide to starting a business in Dubai if you are applying for an investor visa by creating your own firm. Individuals thinking about choosing a free zone might consider some considerations to make while setting up a free zone office in Dubai.
Who should I contact for questions regarding Visas and Official Confirmation?
Call Amer Center at 800-5111 if you have any questions. You can read our article about visas for Dubai to learn about various visas.
Can I use my investor visa to work in Dubai?
In Dubai, those with an investment visa can reside and work. Also, they can apply for a family visa for investors in the UAE, and the sponsored family members are also permitted to work there.
How many visas can you obtain while establishing a business in the UAE Freezone?
Your office’s size will determine how many visas you can request. The ideal ratio for business owners is one visa for every nine square metres. The website of the Dubai land department has comprehensive information.