UAE is a realm of business prospects that offers chances that no other region could possibly provide. In order to represent the greatest infrastructure for building a business setup in Dubai, the city has always provided a variety of opportunities. In this region of the country, a collage of diverse cultures has come together, paving the way for creative business concepts. Authorities have supplied the essential services to make the lives of ex-pats and international investors significantly better than anywhere else because of the city’s unique culture. In terms of social and political stability, the UAE offers a very quiet atmosphere in comparison to many other countries across the world.
The Dubai Investment Visa is a novel and innovative strategy for luring foreign capital, offering investors a variety of benefits and perks that make Dubai an enticing location for both investors and businesspeople. We will cover every facet of the Dubai Investment Visa in this blog.
What Is The Dubai Investor Visa?
The Dubai investor visa is a sort of residential visa that allows expatriates to live in the city and experience all of its perks as an investor. The introduction of investor visas in Dubai is primarily focused on the expansion of company establishments there. This lures potential ex-pats from all over the world to establish a business in Dubai.
Under the investor visa program, investors and their families who contribute to the UAE economy are permitted to travel and reside there. In 2018, the UAE announced that wealthy corporations and real estate investors would be granted investment visas valid for five to 10 years. A 5-year investor visa necessitates an initial investment of 5 million dirhams, whereas a 10-year investor visa requires a minimum investment of 10 million dirhams.
Types Of Investor Visas In Dubai
1. Three-Year Dubai Investor Visa
Foreign investors can dwell and work in Dubai for three years with the Three-Year Dubai Investor Visa. This visa is adequate for short- to medium-term investors wishing to create or invest in a business setup in Dubai. The following standards must be satisfied by investors to be eligible for this visa:
Investment: The investor must make a minimum AED 10 million investment in a Dubai-based enterprise. A new firm, an established business, or a real estate project can all be included in the investment.
Business activity: The company must operate in one of the following sectors: manufacturing, healthcare, education, renewable energy, or real estate development.
Business ownership: The investor must own at least 51% of the business.
Financial stability: The investor must demonstrate financial stability and have a clean financial record.
Health and security: The investor must undergo a health check and security clearance.
Investors may also sponsor their wives, kids, and domestic staff members under the terms of the three-year Dubai Investor Visa. As long as the investor is eligible, the visa may be prolonged for an additional three years.
2. Five-Year Dubai Investor Visa
The Dubai Investment Visa for Five Years is a residence visa that permits international investors to live and work in Dubai for a period of five years. For investors who want to pursue a longer-term investment in Dubai, this visa is optimal. Investors must fulfill the following criteria in order to qualify for this visa:
Investment: The investor is required to put down a minimum of AED 10 million in a Dubai-based company. A new firm, an established business, or a real estate project might all be included in the investment.
Business activity: The business must be in one of the following sectors: real estate development, manufacturing, healthcare, education, technology, or renewable energy.
Business ownership: The investor must own at least 51% of the business.
Financial stability: The investor must demonstrate financial stability and have a clean financial record.
Health and security: The investor must undergo a health check and security clearance.
Also, investors may sponsor their wives, kids, and domestic staff members under the five-year Dubai Investor Visa. As long as the investor satisfies the requirements, the visa may be extended for a further five years. The execution of investor visas has been exemplary and encourages company setup in Dubai to reach new heights.
3. Ten-year investment visa or Golden Visa
In contrast to the former system of renewable two- or three-year visas, the Dubai Golden Visa allows investors to reside in the UAE for ten years without the obligation of a sponsor. This gives investors more freedom, security, and assurance while conducting business in the nation. Investors, business owners, and high-net-worth individuals who meet the requirements can apply for the Golden Visa.
To qualify for the Dubai Golden Visa, investors must meet certain investment criteria. The parameters for determining the investment threshold vary depending on the type of investment undertaken.
Real Estate Investment: Invest in property worth at least AED 5 million.
Public Investments: Invest in a public investment fund with a minimum value of AED 10 million.
Business Investment: Invest in an established company in the UAE with a minimum capital of AED 10 million.
Entrepreneurial Investment: Establish a new business with a minimum capital of AED 500,000.
Along with the investment criteria, there are other requirements that investors must follow, such as keeping the investment for a minimum of three years, maintaining current health insurance, and passing security checks.
4. Overseas Remote Working Professionals Visa
The UAE government has introduced an additional visa category, the Overseas Remote Working Professionals Visa, to woo overseas remote workers and businesses. Foreign nationals can use the visa to settle down and work in the UAE while continuing to be paid by an organization outside of the nation.
Remote employees must have a legitimate job contract with an organization outside the UAE, make a minimum of $5,000 per month, provide evidence of employment, and have active health insurance coverage to be eligible for the visa. If an employer has a legitimate business license in their home country and submits a letter of commitment to the UAE government, they may also apply for this visa on behalf of their distant employees.
The visa is valid for one year and may be extended on an annual basis. It provides remote employees and businesses with a variety of advantages, including access to a high standard of living, a tax-free environment, and a bright global workforce. The UAE’s larger aim to draw in highly qualified professionals and company owners and foster a dynamic business climate demands the establishment of this visa category.
Paperwork Required To Obtain A Dubai Investor Visa
1. Passport Copies
2. Passport-size photo
3. Proof of investment
4. Bank statement for the past 6 months
5. Proof of residency
6. Trade License Copy
7. Proof of patent
8. Police clearance certificate
9. Memorandum of Association (MOA)
These are the major documents that an individual needs before applying for an investor visa in Dubai.
How Do I Apply For A Dubai Investor Visa In Dubai?
Applying for a Dubai Investment Visa takes time and effort. Sometimes it becomes a strenuous and perplexing procedure since a lot of things happen behind the scenes. The internet is the primary source of information for a fledgling entrepreneur, and there are many contradictory assertions about the procedures online. Hence, before commencing the procedures for creating a company setup in Dubai or applying for an investor visa, it is essential to consult with business setup consultants in Dubai.
Marqueway has been the guiding force for several entrepreneurs in establishing a business setup in Dubai. When you do it on your own, the procedure could take a while, but with Marqueway, it’s easy as pie. Our skilled team takes care of the stress-free visa application process; all you have to do is make sure all of your paperwork is properly arranged. We have a proficient team of experts that can expertly evaluate the investment made by your company, guide you through the application process for an investor visa in Dubai, and offer guidance and solutions. We continually hone our skills to give you the greatest degree of dedication, the easiest interactions with the authorities, genuine secrecy, and the most efficient and stress-free processes. Get in touch with us right away to discover more.