The UAE represents a fantastic opportunity for businesspeople from all over the world who want to invest in its numerous business zones in an atmosphere where the odds of success are higher than in most other places. It's a mash-up of many cultures, with individuals of various nationalities, social origins, and religions living and working together. For ex-pat citizens, this feature creates a wonderful setting and experience. In comparison to many other countries throughout the world, the country provides a remarkably calm atmosphere in terms of social and political stability.
The UAE government makes it a priority to develop rules that make it easier for investors to become UAE residents and continue their businesses successfully. This boosts its worldwide and regional rankings in a variety of categories, and more expats are drawn to this commercial hub with each passing year.
What is a Dubai Investor Visa?
When it comes to overseas investment, the UAE has always been and will continue to be one of the most attractive opportunities. Investors and their families who make an investment in the UAE economy are eligible to enter and stay in the UAE under the investor visa programme. The UAE stated in 2018 that rich businesses and property investors would be eligible for 5- to 10-year investor visas. An investor visa requires a minimum investment of 5 million dirham for a 5-year visa and 10 million dirham for a ten-year visa.
Types of Investor’s Visa
Businessperson can apply for one of four types of visas, based on his or her needs. Dubai Investor Visa Validity:
Investor Visa for the UAE/Dubai for 3 years
To apply for a three-year investor visa, the applicant must have more than AED 70000 in shares in any UAE company, as well as a deposit of AED 10,000 with the authorities. This only applies to the UAE mainland. When the visa is revoked, the money is refunded in full.
5- Year UAE/Dubai Investor Visa
To obtain a five-year UAE/Dubai Investor Visa or a Dubai property investment visa, an applicant must meet certain requirements.
These are some of them:
- Invest in a property worth at least AED 5 million in gross values or a business project with a minimum capital of AED 500,000. Any business venture should be approved by an accredited business incubator in the UAE.
- The money spent on real estate should not be financed with a loan or a mortgage.
- The investment property should be kept for a minimum of three years.
Dubai Golden Visa or the 10- Year UAE/Dubai Investor Visa
- When applying for a 10-year investor visa in the United Arab Emirates, popularly known as the Dubai Golden Visa, be sure you meet all of the requirements.
- Corporation incorporated in the UAE with a minimum capital of AED 10 million and a minimum deposit of AED 10 million in a local investment fund
- Invest in a new or existing firm worth at least AED 10 million as a partner.
The UAE government has introduced a new immigration option for wealthy or highly qualified foreigners called the UAE Long-Term Residence Visa. This sort of visa is valid for 5-10 years, depending on the applicant's eligibility category. Furthermore, if you meet the requirements, you do not need a sponsor in the UAE to apply on your behalf; you can do it yourself.
The UAE Investor Visa is the most popular type of long-term residency visa given, and it requires the applicant to invest a significant amount of money in the UAE to qualify.
Applicable to Remote Working Professionals and Overseas Employers:
UAE introduced a new initiative last year in 2020 that will allow international remote working professionals to live in the UAE while continuing to service their employees in their home country. The Overseas Remote Working Professional Visa has made this possible.
On an annual basis, it assists remote workers in moving and relocating with their families. It allows people to live and work in the same location for a few months or a year.
This is equally true for an employer who is based in another country. If an applicant is a firm owner or an overseas employer, they must provide proof of ownership of the business for at least a year, with an average monthly income of $5,000, as well as a three-month bank statement.
Documents Required for a Visa Application Validity of Dubai Investor Visas (Short and Long Term):
The following documents are necessary when applying for a short-term investment visa:
- Passport photo (size of passport)
- Bank Statement for the previous six months
- Additional documents as needed to meet any unique needs:
- Trade License for a Company Copy
- Patent evidence (for investors)
- Other partners' IDs (if applicable)
- Affidavit of accreditation from the appropriate UAE authority (for specialized talents)
- Patent evidence (for investors)
- Copy of the Partnership Agreement (if applicable)
- A copy of the Association's Memorandum (for LLC)
The following documents are necessary when applying for a long-term visa/Dubai Golden Visa:
- Medical Exam Passport Photos Entry Permit
- Documents pertaining to your trip's purpose
- Card of Establishment for Immigration
Who is Eligible to apply for an Investor Visa in Dubai?
Any foreign individual who desires to start a business in the UAE or invest in an existing firm should apply for an investor visa in Dubai/UAE.
It is crucial to understand, however, that each form of visa has different policies for the various zones in which you may elect to establish up a companionship. The application process for a 5-year visa in a freezone may differ from that on the mainland or off-shore. It is advisable to get the assistance of a professional to help you comprehend the process and carry it out smoothly. Dhanguard has a team of experts on hand to guide you through the process.
How can I apply for a Dubai/UAE Investor Visa?
Applying for an Investor Visa in the UAE/Dubai is a time-consuming and perplexing process. This is critical since there may be a lot of inaccurate information on the internet or around you that could sway your decision to apply for a visa in Dubai. There are several approaches to take. The ideal approach to apply for an investor visa is to use the services of a consultant that can either guide you through the procedure or assist you by performing the majority of the work for you.
Conclusion
Dhanguard provides its clients with solutions for investor visas in Dubai/UAE based on the type of visa they require, the financial requirements they must meet, the type of visa that best meets their needs, and how to expedite the Dubai investor visa processing time. We have a seasoned team of professionals that can assess your company investment, guide you through the process of obtaining an investor visa in Dubai, and provide consulting and solutions.