Dubai is indeed one of the most popular cities to live and work in. This suburb is a shining example of technological advancement, economic growth, and a high standard of living. These are probably the major reasons why people from different parts of the world want to become residents of this bustling city. Aninvestor Visa Dubai is one of the easiest ways to avail residency in the Emirate.
Whether you are forming a new company or investing in an existing firm, either way, you can apply for an investor visa. Nevertheless, the application process may vary depending on the jurisdiction you choose. For a clearer picture, here is an overview of the UAE investor visa, its application process, advantages, and other crucial details.
UAE investor visa
The UAE Investor visa is for foreign people who want to start a business or invest in an existing one in the United Arab Emirates. This visa enables them to do business and live and sponsor family members in the country.
Types of Dubai Investor Visas
The various options available in the category of investor visa Dubai are as follows: –
- 3-Year Investor Visa
- 5- Year Investor Visa
- 10-Year Investor Visa
Investor Visa: Eligibility Criteria
However, there is a specific eligibility criterion to apply for an investor visa Dubai. The applicant must either invest at least AED 10 million in an existing firm or establish a new company with a capital investment of AED 10 million.
To invest in or start a company on Dubai’s mainland, the applicant has to provide the following documents: –
- 6 months Bank statements
- Establishment Card
- Memorandum of Association (proof of ownership)
- Copy of Passport
- Trade License Copy
Benefits of Investor Visa Dubai
Securing a UAE investor visa brings an array of benefits, such as –
- Residency – An investor visa Dubai is valid for three years. It simply means the holder can avail themselves of3-year residency in the UAE.
- Family Sponsorship – An Investor visa offers the privilege of sponsoring family members such as a spouse, children, and parents to come to the UAE and live with the sponsor.
- Opportunity to procure UAE Golden Visa – Having an investor visa in the UAE improves the chances of earning the sought-afterUAE Golden Visa. Introduced in 2019, the Golden Visa offers a ten-year residency to investors and entrepreneurs, allowing them to promote business development and identify their contributions to the economic success of the UAE.
- Seamless travel– With a Dubai investor visa, the individual can easily travel to GCC countries for business or leisure purposes. It speeds up the process of obtaining a travel visa.
- Extended stay outside the UAE – A UAE investor visa holder can live outside the UAE for up to one year consecutively, without annulling their residency in the UAE.
- Business opportunities – The dynamic and thriving business environment of the UAE provides a robust economy and valuable investment opportunities for foreign investors. Holders of UAE investor visas can explore these opportunities and engage in various business ventures, partnerships, and investment activities in the country.
- Tax advantages – The UAE has a low tax regime wherein residents are imposed with no personal income tax, and a low-rate corporate tax. The investor visa holders can benefit from this favorable tax regime and retain more of their income and profits.
- Access to local markets – The UAE offers significant market potential and businesses can avail access to the wider Middle East region. Thus, individuals with investor visas can expand their business networks, access regional markets, and benefit from the favorable geographical placement of the UAE.
- Sponsorship facility – Investor visa enables sponsorship of family members of the holders to bring them to the UAE, thereby uniting families together and providing them access to all the healthcare and education benefits.
Investor Visa v/s Partner Visa
The investor visa and the partner visa are often considered synonyms in Dubai, however, there is a structural difference between them. Dubai investor visa is usually issued to investors or entrepreneurs who have sole proprietorship in Dubai, which means a single-owner structure with no shareholders or partners. On the other hand, a partner visa is issued to investors whose UAE-based company has more than one owner or shareholder.
Despite the structural difference and terminology, both the investor visa and partner visa are the same in terms of validity and benefits.
Get an Investor Visa in Dubai
There are two ways to obtain an Investor Visa Dubai –
- New company incorporation
Business setup in Dubai is the easiest way to acquire an investor visa in Dubai. Depending on the legal structure of the business, you either become the owner or shareholder of the company.
Read also: Finance Your Future: How To Qualify For A Small Business Capital Loan
Once you form your company, you can apply for the investor visa by submitting the following documents to the immigration department –
- Copy of the trade license
- A legally attested MOA (Memorandum of Association) – for partnership firms
- Local service agent agreement – for sole proprietorship
- Proof of cancellation of the existing visa, if any
- Copy of visit visa
- Proof of existing investments
For the other means of acquiring an investor visa, you must present proof of your investments in Dubai to the Dubai Municipality. If it meets the eligibility criteria set by the UAE Government, the Municipality will process your request and forward it to the DED (Department of Economic Development). The DED will then create a reference file number based on which the Municipality will issue an NOC (No Objection Certificate). The applicant must present this NOC to the immigration department to apply for an investor visa.
Apply for an investor visa in Dubai
If you are planning to establish a new company in the UAE and get an investor visa, this is how you must go about it –
- Determine an appropriate legal structure for your company
- Register your business with the relevant authority
- Begin the visa application process by arranging the application requisites
- Fill in the visa application form and submit it along with the required documents to the immigration authority
- Pay the applicable visa fees
- Undergo a medical assessment and provide biometric details
- Apply for an Emirates ID card to carry all your biometric information
- Once the application is approved, receive your investor visa
Applicants must also ensure to adhere to the visa validity period and renew it before it expires. Find expert business setup and investment consultants like Shuraa Business Setup to handle all critical paperwork and help you stay ahead in all your endeavors.
Dubai Investor Visa Cost
Here is a breakdown of the cost of the Dubai Investor Visa –
- Entry permit
- Emirates ID application
- Medical test
- Visa stamping
Conclusion
It’s time to identify your financial and commercial goals in one of the most promising business locations in the world – Dubai, UAE. This is the best time to embrace this opportunity and avail an investor visa Dubai. Let Shuraa guide you with the needful. From visas and paperwork to the job market and cost of living, seek all information from the business consultants at Shuraa and stay up to date on the newest business developments in the UAE.
Log on to the official website of Shuraa atwww.shuraa.com and get assistance with your investor visa or new business setup in Dubai.
