Get an Investor Visa in Dubai [A Detailed Guide]

People from all over the world come to the UAE to explore investment opportunities or create enterprises because of the country's booming economy and favorable business environment. The UAE maintains a unique visa category for such people called the Dubai investor visa or partner visa.

The visa is available to anyone who wants to invest or create a business on the mainland or in one of the free zones. However, depending on which emirate you choose, the application process may differ. In this following blog we provide a summary of the Dubai investor visa, including the application process, fees, and more.

WHAT IS THE INVESTOR VISA IN DUBAI?

This visa, also known as the Dubai partner visa, is designed for foreign people who desire to start or invest in a business in Dubai. They can also live, work, and sponsor family members in the UAE. The visa has a three-year validity period.

Individuals who buy shares in an existing company worth a minimum of AED 72,000 or who form a firm with a capital investment worth the same amount are only eligible for this visa, according to Dubai investor visa guidelines.

DOCUMENTS REQUIRED FOR INVESTOR VISA IN DUBAI

These documents are required as part of the Dubai investor visa application if you are investing in or starting a firm on Dubai's mainland.

• IBAN Number of the sponsor's bank account
• Card of Establishment
• Memorandum Papers (MOA) as evidence of ownership sharing
• There is only one photograph with a white background.
• Partner's current visa in the United Arab Emirates (if applicable)
• a copy of your partner's passport
• Original Emirates ID of the sponsor
• Copy of a Trade License

Previously, a majority shareholder had to be a UAE national or an agent who could communicate with government offices. However, recent policy changes have made it possible for foreigners to control the entire mainland of Dubai. Without an Emirati majority shareholder, more than 1,000 commercial and industrial operations can now be carried out.

APPLICATION FOR AN INVESTOR VISA IN DUBAI

These are the steps to take if you wish to apply for a Dubai Investor Visa.

• Apply for a visa at an immigration office, a typing center, or a Tasheel center.
• To get a medical fitness exam, go to any government health center. You will be prompted to name a health center you wish to attend while filling out the entry permit form.
• At an Amer Center, an Emirates ID application is typed. At the time of submission, bring your original Emirates ID (if applicable), pictures of your family, and Emirates ID applications of family members to a Federal Authority for Identity and Citizenship center. You will be required to give biometric data if you have never applied for an Emirates ID previously.
• As part of your visa application, you must purchase health insurance. Examine the many health insurance providers in Dubai to choose which one best meets your needs.
• In order to change your visa status to an investor residency visa in Dubai, go to any of the Amer centers located across the city. Al Jafiliya, Al Twar, Dubai Festival City, and Al Quoz all have Amer centers

INVESTOR VISA FOR FREE ZONE COMPANIES IN DUBAI

By establishing free zones or free trade zones in the emirate, Dubai encourages foreign investment and economic activity. Companies operating in business zones are exempt from taxes such as VAT, and foreign nationals hold 100 percent of the company. Individuals who invest in or establish a free zone company in these designated areas are also eligible to apply for the Dubai partner visa, which is sponsored by the free trade zone.

Owners and investors of free zone enterprises, on the other hand, will have to go through a different process to qualify for a Dubai investment visa. The application process and cost will differ depending on the company's location in a free zone, the nature of its business, and other variables. Contact Dhanguard for further information on the Dubai free zone investor visa application process.

INVESTOR VISAS IN DUBAI FOR 3 YEARS, 5 YEARS, AND 10 YEARS

The UAE government has announced long-term visas for Dubai investors, including 10-year and 5-year visas. In addition, the terms of a three-year investment visa in Dubai were recently amended.

ELIGIBILITY FOR A 10-YEAR VISA

You must meet particular requirements for the 10-year investment visa, including public investments of at least AED 10 million. 

Those interested in investing might do so in the following areas:

• Investment funds located in the United Arab Emirates.
• Create a corporation with a capital of AED 10 million in the UAE.
• Invest in a new or existing business with a minimum share value of AED 10 million.

When it comes to investment conditions, keep the following in mind:

• 60 percent of the overall investment must be in sectors other than real estate.
• A loan must be used to fund the investment.
• Up to AED 10 million in financial solvency

ELIGIBILITY FOR A 5-YEAR VISA

The following requirements must be met in order to obtain a 5-year investor visa in Dubai:

• An investor must purchase a property worth at least AED 5 million.
• This sum should not be obtained through a loan.
• The property must be kept for at least three years.
• A freehold property must be purchased by the investor.

ELIGIBILITY FOR A 3-YEAR VISA

To be eligible for a three-year investor visa in Dubai, you must meet the following requirements:

• The investor must own a property worth at least AED 750,000.
• If the property is mortgaged, the bank must be paid 50 percent of the whole value upfront.
• The bank must provide an Arabic non-objection letter to the investor.
• The property can be split between spouses, but the investor must supply a marriage certificate.
• It must be a home property, not a business one.
• An investor can also apply through a jointly-held property if their stake is worth at least AED 750,000.

Conclusion

This wraps up our guide on the Dubai investor visa requirements. When it comes to investment, Dubai's policies have always been appealing. With the economy beginning to recover from the pandemic, this may be the greatest moment to make a move. For more information connect with Dhanguard we will gladly like to assist you!