Get Exclusive Investor Visa in Dubai,Eligibility Criteria 2024
Anyone who wants to invest or start a business in the free zones or on the mainland is applicable for this investor visa in Dubai. Here we will discuss the Dubai investor visa application process, which contains documents and application fees.
Investor visa in Dubai
Individuals who make a major financial investment in the United Arab Emirates are approved for an investor visa. This could mean making investments in real estate or new businesses in the country. Both the investor visa and the partner visa permit dynamic contribution.
Eligibility Criteria for Getting an Investor Visa in dubai
- The candidates for the investor visa in dubai must meet precise eligibility requirements. This visa is granted to individuals in accordance with the UAE investor visa regulations:
- Put at least AED 10 million into equity of a company that already exists.
- Launch a new business with a minimum capital of AED 10 million.
Documents Needed for Mainland Businesses
For the investor visa in dubai submission, you will need the following documents if you aim to invest in or start a business on the mainland of Dubai.
- Account statements from the previous six months
- Card of Establishment for Immigration
- evidence of share ownership, a Memorandum of Association (MOA)
- Passport Photograph Copy
- Dubai Trade License
- One picture in the size of a passport with a white background
The majority shareholder had to be a resident of the UAE or an agent. However, complete foreign ownership of Dubai’s mainland is now allowed, thanks to current regulatory modifications
Difference Between Investor Visa in dubai and Partner Visa
Despite the fact that investor visas and UAE partnership visas are sometimes used interchangeably, there is a fundamental difference between the two.
A Dubai investor visa is awarded to a businessman who incorporates a single enterprise in Dubai. There are no shareholders or partners in this kind of business, which has a single-owner structure. If you establish a mainland firm in Dubai as a sole owner with an official trade license, your visa will read Investor Visa UAE.
Entrepreneurs who have businesses set up in Dubai mainland have several owners or shareholders who are suitable for a Dubai investor visa.
According to UAE law, you will need to form a partnership with a local sponsor if you choose to incorporate a Limited Liability Company (LLC) on the mainland of Dubai. Your firm will have several investors, thus you will be eligible for a Partner Visa in this situation.
Who can Apply for an Investor Visa in Dubai?
If you are at least eighteen years old, you can legally become an investor, shareholder, or business owner in any company in Dubai or the United Arab Emirates. You will then be capable of getting a UAE residence visa through this.
Validity of the Visa
The Dubai investor visa has a two-year validity period. In order to renew your investor visa, you must renew your insurance, get an Emirates ID, and take a medical exam every three years.
Dubai & UAE Investor Visa Benefits
Being an investor and starting your own business in Dubai has benefits. The following are some advantages of the UAE investor visa:
Residency:
You automatically succeed in a three-year Dubai residence visa with an investor visa, which is valid for three years.
Sponsor Family:
You can apply for an investor visa in dubai and sponsor members of your immediate family to live in the United Arab Emirates. Your children, parents, and spouse are close family members.
Travel Ease
With a investor visa in dubai, you can visit any GCC nation for business or pleasure. The investor position makes it easier to acquire a travel visa to these areas faster.
Outside Country Visa Validity
You can leave the United Arab Emirates for up to a year at a time without risking your residence if you have a Dubai investment visa. Visas for jobs or dependents do not fall under this group. You can only spend up to six (6) months outside of the UAE on these visas before your UAE residence visa terminates.
Long-Term Visa
Your chances of getting the UAE Golden Visa can increase if you have an investor visa and start a successful business there. Introduced in 2019, the Golden Visa is a ten-year residency permit for the UAE that is intended to recognize and honor investors and entrepreneurs who have made significant contributions to the nation’s economic development.
How to Get an Investor Visa in Dubai?
There are two ways to obtain a Dubai investor visa or any other visa in the UAE.
- Incorporation of a new business
- Existing investment evidence
Incorporation of a new business
The simplest way to get an investor visa in dubai is to register your firm on the mainland.
You become either an owner or a shareholder when you open for business in Dubai, depending on the legal form of your company.
Before you may submit an application for an investment visa, the Dubai immigration department needs to receive the following documents:
- Copy of a trade license
- For partnerships, a copy of the company’s Memorandum of Association or Local Service Agent Agreement that has been legally attested
- Copy of the business card Document
- cancelling an existing visa (you must cancel an employment or Dubai residence visa)
- A duplicate of your visitor or tourist visa, if you have one.
Applying for a Dubai Investor Visa
- submitting a business registration to the Dubai Economic Department (DED)
- submitting an application for a business card. If you are outside the country
- applying for an entry permit
- Modifying your visa status in-country If you’re already in the UAE and need to change your in-country visa status,
- Conducting your medical exam
- Receiving your Emirates ID application
- Securing the right health insurance
- stamping of an investor visa on your passport
Investor Visa Processing Time
From beginning to end, it will take anywhere from 15 to 20 business days to progress your investor visa. It entails submitting an application, getting your passport stamped with your investment visa, waiting for your new Dubai firm to be registered, and getting a trade license.
Existing investment evidence
Another way to get a visa for investors in Dubai is to prevent you from initiating a new business. It just expects you to provide proof of your welfare in Dubai to the Dubai Region.
Your file with the Economic Department will be generated by the Dubai Municipality if your application meets the UAE Government’s eligibility criteria. You will then get a reference file number from the Economic Department, upon which the Dubai Municipality will provide you with an NOC (No Objection Certificate).
To request a visa to be an investor in Dubai, you will be required to show this NOC to the immigration department.
However, consider that the government agencies that assess your eligibility will decide whether to accept or refuse your request.
Dubai Investor Visa Cost
An Investor Visa costs AED 4,000*, and there is an AED 1,750* renewal fee. The selected documentation and procedures can affect the price of a two-year investor visa. A property investor visa in UAE costs AED 12,000*.
Dubai Investor Visa Application Steps
- Online applications for entry permits
- You can request an investment visa in person or through the General Residence and Foreigners Affairs Directorate.
- Provide a Dubai Police good conduct certificate.
- Make sure you have health insurance before you apply for a visa.
- Go to a government health centre to get a medical fitness test.
- Obtain a bank letter of no objection.
- Submit a bank statement.
Requirements for Sponsoring Family Members
- You can sponsor members of your family to become UAE citizens as an investor. You can proceed to the immigration department to make a petition for the Dubai residence visa for your relatives once your passport has been stamped with the UAE investor visa 2024.
- Contract for renting a house. A two-bedroom house is the minimum requirement.
- certified copy of the marriage if the sponsoring spouse
- If sponsoring a child or children, attested birth certificates
- A refundable AED 1,500* installment for each sponsored family member (the initial installment of AED 3,000 has been lowered to AED 1,500 to help entrepreneurs during the epidemic).
- Our new offers will be appreciated by you, whether you want to initiate a business or a professional one. Our purpose is to provide you with absolute support throughout and after the company registration process and to help you in lowering the cost of your new business in Dubai.
- Talk to our legal corporate consultants if you want detailed information about how to obtain a investor visa in dubaior if you require help registering a new company in Dubai or anywhere else in the UAE. Arrange your no-cost consultation with us. Provide contact details here.
Frequently Asked Questions (FAQs)
A license for residency can be achieved by purchasing real estate in Dubai. Note that the property needs to be completed when you purchase it. Moreover, the UAE investor visa program demands that the assessment must be at least one million AED.
Dubai imposes AED 4000* for an investor visa, with a continuation fee of AED 1750*. Charges for a two-year investor visa fluctuate depending on the selected documentation and procedures. A property investor visa costs AED 12,000*.
Those who have a Dubai Investor Visa appreciate a tax-free environment. Taxes are not due by locals or immigrants with visas. In addition, the United Arab Emirates has entered into over 70 agreements with various nations to avoid double taxation. Additionally, the goods and services are of high quality. All visa holders have complete permission to use interchanges, transportation, and Dubai offices.