5 Year Investor Visa in Dubai – UAE is fast becoming the go-to investment hub for most multinational companies from all over the world. Learn more about the UAE investor visa application process by reading on!
Consistent encouragement from the UAE government has contributed extensively to Dubai now being counted as one of the world’s fastest-growing economies. This also means that Dubai is now a popular commercial hub for business entrepreneurs worldwide.
If you are new here, note that Dubai is a diversified, multicultural, and fascinating destination for exceptional business prospects. This makes it a popular base for old and new investors to consider company formation.
Dubai rapidly promotes and encourages international investment by creating a particular investment-driven visa program. This investment visa allows foreigners to live and operate their businesses in the UAE legally.
Investor Visa in Dubai- Explained
If you are a foreign national planning to kickstart their own company, you may do so with the help of the Investor Visa in Dubai. This visa is also famous as the name of Dubai Partner Visa.
You can choose to live and operate your business legally through a visa. Moreover, the Dubai Investor Visas holders are no longer subject to taxation in their home country. Instead, they could opt to become tax residents of the UAE, subject to the laws of the investor’s home country.
Moreover, you can count on the investment visa Dubai to provide an Emirates ID, a bank account, a UAE driving license, Etisalat or Du mobile and home plans, and many other essential procedures. Additionally, the Dubai Investor Visa allows you to invest in an existing Dubai company.
According to the news, the UAE government plans to implement new regulations designed to streamline the application process for licenses and permits. This ideally cuts down the turnaround time for different bureaucratic requirements. One of the strategies will be to create brand-new SEZs to target specific foreign investment sectors.
Investor Visa in Dubai- Fees
The investor visa expense varies on the option that you choose for your company formation. For instance, purchasing real estate in Dubai costs roughly AED 13. However, buying stock in a corporation may cost approximately AED 1,035. Finally, the price to apply for a golden visa is between AED 650 and 1,150.
Investor Visa in Dubai- Advantages
Here’s a detailed breakdown of the many advantages of the investor visa Dubai.
- A consistent place of residence in the UAE
- Travel outside the UAE while the visa is valid
- An environment free of taxes
- Access to social services and government subsidies
- The chance to contribute to the city’s expanding economy
Investor Visa in Dubai- Requirements
Ideally, you must provide paperwork that establishes your qualifying investment in Dubai. This also demonstrates your financial stability to be eligible for the Dubai investor visa. Sometimes you may also undergo a medical examination and receive a police clearance certificate from your native country.
Investor Visa in Dubai– Documentation
Here’s a detailed breakdown of the documents you will need to apply for an Investor Visa Dubai.
- A duplicate passport with at least six months of remaining validity
- An audit report for accounting
- Bank statement for the previous six months
- Copies of business licenses
- Immigration establishment card
- Copy of the association’s memorandum
- Passport-sized pictures
Back then, the majority shareholder needed to be a citizen or an agent of the UAE. However, you can now opt for complete foreign ownership of Dubai’s mainland. Over 1000 business activities can now be carried out without a local shareholder.
Investor Visa in Dubai- Application Process
You must visit the website of the GDRFA to fill up the Investor Visa in Dubai application form. People who want to apply for an investment visa must carefully read the regulations and take the following actions.
- You must apply for an admission permit at the immigration office.
- Make an appointment at a government health facility for a medical fitness test.
- Get your Emirates ID application from the closest typing centre, then submit it to a Federal Authority for Identity and Citizenship location.
- Purchase appropriate health insurance as part of your visa application.
- Visit any GDRFA-run Amer Centre to alter your visa status to an investment residency visa for Dubai.
Endnote
The application process will need 15-20 working days to complete. This covers the entire procedure of submitting your visa application, getting the approval, and receiving your investor visa stamp in your passport.