The 21st century witnessed the rise of Dubai as one of the strongest economies across the globe. With its arching skyline and dynamic cultural tapestry, Dubai continually shows its appeal to foreign investors. However, for expats hoping to settle in the Emirates, the legal stipulations regarding immigration are rather stringent and should be researched properly. One of the most straightforward ways of obtaining the right to live and work in Dubai is by obtaining the Investor Visa in Dubai.
The rapidly growing economy of Dubai offers attractive opportunities for almost all investors. With an investor visa in Dubai, establishing a business is no more a hassle. For many, this visa serves a much larger purpose than simply enabling entry and providing residency to one of the capitals of business globally. It opens the door to a dynamic business world.
Everything about Investor Visa in Dubai
The investor visa in Dubai, or Dubai partner visa, allows foreign investors to live in Dubai to set up their business operations. To qualify, you should invest AED 10 million or more in an existing Dubai company, new business, or real estate in Dubai. It also lets you relocate to Dubai without the need for multiple renewals. It allows you to legally operate your business without issues. The application requires documents to be submitted, such as your business plan and passport, as well as undergoing various background checks. Hence, Dubai investor visa benefits cannot be explained in a single line or a paragraph, as it offers a wide array of facilities and benefits for expats and investors.
With all the requirements, the Dubai Investor Visa is a rare opportunity for foreign investors hoping to take advantage of the friendly business and investment culture as well as the strategic location of Dubai. It aims to enhance ease of access for global business settlers in Dubai and allows entry for a specific group of people. The demand for business is high with an economic structure existing in Dubai. Dubai Investor Visa benefits can be explained in later terms; however, the reader must understand the subtle differences between the Partner Visa, which is sometimes used instead of the Investor Visa.
The sole trader living and investing in Dubai, focusing on the free zones, will greatly benefit from having an investor visa, given that there are no partners or shareholders. For the unversed, the Dubai 2040 Urban Master Plan is the Dubai government continuously striving hard to help sole traders and investors to establish their business in Dubai. A company or any business investment that contains more than one shareholder or owner will require a partner visa. This allows the applicant to establish or invest in an enterprise. One of the most astonishing facts is that the applicant, along with his family, can settle in Dubai and can also sponsor family members.
Investor Visa vs. Partner Visa: Major Differences Between the Two
The different conditions relating to an investor visa and a partner visa revolve around how the business is being operated and who the primary owners of the business are.
Investor Visa
• The sole proprietor of the company is the one who is responsible for running the business and thus chooses to work under a visa like this.
• The individual holding this visa and running the business has unlimited power, which they can use without any responsibilities towards additional shareholders.
• Dubai Investor Visa Benefits are mostly enjoyed by entrepreneurs who have established and registered their business single-handedly and have unlimited powers operating the business in their name.
Partner Visa:
• This visa is meant for entrepreneurs who are engaged in multi-shareholder business enterprises.
• Such business structures may include limited liability company (LLC) forms in which the property is held by partners or shareholders and is thus divided.
• This differs from the investor visa, which is for sole entrepreneurs, as a partner visa suggests a franchise-type of arrangement where different parties share the ownership and control functions.
Eligibility and Documents for Obtaining an Investor Visa in Dubai
Investors from all over the globe are attracted by the flourishing economy and the promising business opportunities that Dubai offers, which also motivates many to relocate. For these categories of people, the UAE has a specific visa option called the Dubai Investment Visa or the Partner Visa. This type of visa is granted to applicants for 10 years, depending on the eligibility criteria of the applicants.
This class of visa is a fresh initiative launched by the government of Dubai for foreign nationals possessing considerable wealth or exceptional expertise. In light of this, there are a few documents that you will have to submit, such as
Passport: If you wish to apply for a visa, you must possess a valid passport. It is also important to have a copy of the passport alongside the original to fulfill the requirements of the visa.
Investment Proof: If you are an investor, then you ought to have any of the following at hand: share certificates, real estate documents (which you can easily get from real estate agents in Dubai after investing in Dubai real estate), or other proof of investment. Proof of investment is vital for anyone intending to relocate to Dubai and obtain the partner visa.
Investors also need to fill out a visa application form and submit the same with all the required documents.
• Photograph having a white background
• Copy of Dubai Trade License
Investor Visa Dubai Price
Practically speaking, the investor visa Dubai price depends on the length of duration you opt for. The one-year option is the cheapest starting package at around AED 3,990*, making it the most affordable option. The pricing in the second year is also competitive in this region. Without medical insurance, the 2-year residence visa in Dubai costs approximately AED 3,500*, while with insurance it is AED 4,200.
These prices make the UAE an appealing region for those seeking residency. Let us have a detailed look at Practically speaking, the cost for a UAE residence visa depends on the length of duration you opt for. The one-year option is the cheapest starting package at around AED 3,990*, making it the most affordable option. The pricing in the second year is also competitive in this region. Without medical insurance, the 2-year residence visa in Dubai costs approximately AED 3,500*, while with insurance it is AED 4,200.
These prices make the UAE an appealing region for those seeking residency. Let us have a detailed look at the partner visa price in Dubai depending upon the type of residency.
10-Year Residency Permit
• Medical examination costs have been set at AED 700.
• For the issuance of a UAE Emirates ID for a duration of 10 years, AED 1,153 will be charged.
• The issuance of confirmation of residency permit will be AED 2,656.75.
• The DLD fee is AED 4,020, and the administrative fee is AED 1,155.
• The total amount of these equals AED 9,684.75.
Residence Permit for Family for 10 Years
- The costs and expenses are as follows:
- AED 5,668.50 charges
- AED 318.75 fee for a family sponsorship file
Residence Permit for Parents for 10 Years
AED 5,688.50 charges for ten years
Amer Centre in Dubai and its importance
For those interested in obtaining an investor visa in Dubai by using business ownership can visit Amer Center in Dubai, which is located in several popular and well-known areas, such as
• Dubai Festival City
• Al Karama Dubai
• Ibn Battuta Mall
• Al Jafiliya
• Al Quoz
Types of Investor Visas and Their Benefits
Before we discuss more about Dubai Investor Visa Benefits, we need to know about the types of investor visas, each followed by their unique benefits:
• Partner Visa for 2 Years
The 2-Year Investor Visa is one of its kind residency visas offering foreign nationals the opportunity to live and work freely in the UAE without any government restrictions, until and unless the work does not interfere with the rules and regulations of the Dubai government. Such a type of visa can be obtained with an investment of AED 12,500 to AED 25,500, allowing investors to live, work, and operate their business in Dubai. This 2-year investment visa is renewable by maintaining the investment and ensuring a constant path for long-term stay in Dubai.
• Visa for 5 Years
In order to obtain a 5-year investor visa, one must satisfy the following conditions:
• Interested applicants must possess a property having a minimum value of AED 2 million.
• The amount to own the property can be acquired via a loan from local banks operating under central norms.
• The retention period for property should be a minimum of two years.
• 10-Year Investor Visa
The UAE grants the 10-year investor visa to those willing to make substantial financial contributions to the country. To get the “Golden Visa,” investors need to make public investments worth at least AED 2 million or own shares worth a minimum of AED 10 million in any UAE company. Investors are required to have these funds without any loans and must keep the funds maintained for a minimum of 3 years to be qualified.
POV: You can also obtain an investor visa in Dubai by investing in off-plan Dubai projects. That, in simple terms, means that even if you are investing in properties that are under construction, you can obtain an investor visa; however, the amount of investment must satisfy the criteria.
Conclusion
Foreign investors are looking to obtain investor visas in Dubai, as it serves as a direct pathway into the booming real estate industry of the UAE. These foreign investors, by obtaining the investor visa, will be granted the opportunity to live in Dubai and invest in the growing real estate market in Dubai. Due to the permissive policies and tax benefits provided, Dubai has become a prime hotspot for property investors around the globe. Following this guide, real estate investors will be able to smoothly go through the application process and take advantage of the capital appreciation that the city offers. In summary, the Dubai investor visa is an opportunity for international investors to step foot into one of the most sought-after real estate markets.
