UAE’s thriving and shining economy makes it a promising investment destination where one can reap huge returns. You can see foreigners, entrepreneurs, and businessmen from different parts of the world being attracted to the potential of the nation. The nation’s strategic location, supportive government, business-friendly environment, along with the overall prosperous climate, make it a fertile ground. To start a business here or work legally, however, you need certain official permits, one of which is an investor visa UAE.
In this guide, let us discover the UAE investor visa, along with its requirements, types, and how to secure one.
What is investor visa UAE
Also called a partner visa, the investor visa UAE is a popular residency option for those looking to establish their lives in the thriving nation. It is a special permit that allows foreigners to live and do business in UAE. Those who look forward to starting a company in Dubai can get an investor visa. If there are multiple shareholders, they can opt for a partner visa, which is a category under the investor visa. Additionally, they can also sponsor the residency of their family members.
Benefits of getting an UAE investor visa
There are so many benefits that an investor visa UAE brings. Entrepreneurs and investors get to enter the lucrative market and become a part of the UAE’s thriving economy. They gain the legal right to work and stay in the nation, and they can also bring their families here. They can benefit from the lax tax environment of the UAE and save more of what they earn on diverse endeavours. If applying for a 10-year residency, the golden visa, they can unlock many opportunities, such as easy job applications, flexible travel in and out of the nation, easy access to the UAE’s top-notch government services, and much more.
Eligibility for Dubai investor visa
Individuals who are 18 years old or above are legally eligible to become investors, invest in a business as shareholders, or start a business in Dubai and across the UAE. This eligibility also makes them eligible for obtaining UAE residence. Therefore, they can apply for the investor visa in UAE. However, there are different types of investor visas UAE and each has its own criteria that need to be met in order to obtain it, which we will discuss in detail in this article.
Types of investor visa UAE
There are many options through which one can get an investor visa in Dubai. Here are the popular types of investor visa:
2-years property investor visa:
Real estate investors who own a property worth AED 750,000 (purchase value) in UAE can apply for a two-year renewable investor residence visa. You will need to submit essential documents like the title deed, health insurance, current visa (if any), etc. Once the investor receives the visa, they can also sponsor the residency of their family, including their spouse, children, and parents.
Retirement visa:
Retired expats can also apply for an investor visa UAE. It provides them with long-term residency for 5 years in the nation. To be eligible, the applicant must be at least 55 years old or have worked for no less than 15 years inside or outside the UAE. Additionally, the applicant must own property/properties valued at least AED 1 million. Property retirement visa holders can also sponsor their family members’ visas upon meeting certain conditions.
Golden visa:
The 10-year golden visa is a prestigious long-term residency that UAE offers to certain individuals. Holders of the golden visa can enjoy their stay in UAE without the worry of renewals or the need for local sponsors. Additionally, golden visa holders can sponsor their family and dependents easily. Here are the categories of the golden visa available for investors in UAE:
Public investment golden visa: Requires a minimum investment of AED 2 million and the submission of a letter from a UAE-accredited investment fund or a valid commercial/industrial license and MOA (Memorandum of Association) showing the same.
Property investment golden visa: Requires ownership of one or more properties in Dubai with a total value of AED 2 million. In this case, a letter from the Land Department would be needed. If a couple holds it together, both become eligible with a share of AED 2 million each.
Business golden visa: For entrepreneurs investing in an innovative and technical project valued at a minimum of AED 500,000.
Dubai investor visa requirements
Here is the general list of documents needed for investor visa UAE application:
- Passport copy
- Passport size photograph
- MOA (Memorandum of Association)
- Copy of valid Dubai trade license
- Bank statement for last 3 months
- Immigration Establishment Card
- Current visa, if any
- Good conduct certificate
- Health insurance
Please note that additional documents may be needed which is why it is best to consult experts like Dubiz Business Setup.
Procedure to obtain Dubai investor visa
Here are general steps for obtaining a UAE investor visa:
Determine the investment plan:
Before applying for the visa, check your eligibility and determine which category you are applying for. How you plan to invest will determine the category and the minimum investment you need to make in UAE.
Apply for the entry permit (if outside UAE):
If you are outside the UAE, you will need to apply for and get an entry visa which will allow you to enter the nation legally so that you can complete the investor visa formalities.
Register for an investment visa:
Next, through the General Directorate of Residency and Foreign Affairs, you must apply for your UAE/Dubai investment visa. After entering the country using an entry permit, you must complete the other visa formalities. The visa processing includes certain formalities:
- Medical Test Application:
The first step is obtaining a fitness certificate through a government-authorized medical center. - Health Insurance:
As part of the visa application, you will also need to get a health insurance certificate. - Emirates ID:
Apply and obtain your Emirates ID through a suitable typing center.
- Visa Stamping:
Finally, along with all the required documents, submit the form for the investor visa to the concerned body. Once your application is reviewed and approved, your visa will be stamped in your passport. Once you receive your visa, you can apply for your family’s visa too!
Investor visa UAE cost
The cost of the investor visa in Dubai varies with the category you are applying for. Here is the general breakdown:
- Entry permit: AED 1,175 (inside UAE) and AED 580 (outside UAE)
- Change of status: AED 675
- Medical tests: AED 380
- Emirates ID: AED 390
- Visa stamping: AED 510
Please note that costs can vary and you must contact experts for more detailed information.
Conclusion
An investor visa Dubai is the key to a successful life in the city. If you are looking to get one for yourself, just make sure you meet the documentation and eligibility requirements. In case you face any difficulties, you can always seek guidance from professionals.
Dubiz Business Setup can handle the entire application process on your behalf. From category identification to visa stamping, they can assist you at every step. In addition, they offer end-to-end company formation services in Dubai with packages that meet every business need and budget. Book your free consultation session with their expert today.
