The UAE as a whole and Dubai, in particular, is a lucrative destination, which in turn is based on the reasons for visiting this country. You may be interested in certain things but the whole of Dubai can prove to be an advantageous destination for all types of expatriates.
If you want to know how to get an investor visa in UAE. Then, here we present the things that will help you in understanding the whole process.
What Is an Investor Visa
An investor visa is a kind of visa that permits a foreign investor to enter, reside, engage in business activities, and exit a country. It is a pass that allows the investors to carry out various business activities. International investment carries high risk but at the same time gives high returns.
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An investor visa is issued by the UAE Ministry for a period of three years and requires to be stamped by the UAE consulate. Assume that if an investor wants an investor visa for Dubai, then obtain it, an investor must deposit AED 10,000 plus a visa fee for Dubai, UAE.
Once it is close to the expiration date, it requires to be renewed to carry out the business activities at a future date.
If the investor finds that the investment made is not fair and does not match the expected returns, he can choose to cancel the investor visa.
Documents Required to Get Investor Visa in UAE
If you intend to start or invest in a company in Dubai, UAE, the following will be the required documents that need to be presented at the time of application for an investor visa.
- Personal photo
- Memorandum of Association
- Trade License
- Partnership contract
- Immigration establishment card
- Recent three months’ bank statement
- Emirates ID of other partners
Benefits of Holding an Investor Visa in UAE
An investor visa provides some advantages to the visa holder. Let’s have a look at them:
- 100% repatriation of investments and profits made
- No corporate taxes are to be paid
- The investor has the advantage of appointing international recruitment
- The validity of visa tenure can be elongated
- An investor visa in the UAE makes a clear track for obtaining a residence visa
- Holding an investor visa makes it easier to open a corporate account in the United Arab Emirates.
- The investor gets the flexibility to hold an Emirates ID
Dubai Investor Visa for Free Zone Companies
Dubai has also stimulated foreign investment and economic activity by introducing free zones in the emirate. These are business sectors where companies operating are exempt from taxation such as value-added tax (VAT), and foreign citizens have 100% ownership of the company. Individuals who invest in or set up a free zone company in these designated areas can also apply for an investor visa in Dubai, UAE, with the free trade zone as their sponsor.
However, the procedure to apply for an investor visa in Dubai will be different for investors and owners of free zone companies. The procedure of application and cost will differ based on the company’s free zone, the nature of the business, and other factors. If you would like to find out more about the free zone investor visa in Dubai or UAE, we would recommend contacting the relevant free zone to learn more about the application procedure.
What About the 10-year and 5-year Investor Visas in UAE?
In addition to the three-year investor visa in Dubai, the UAE has recently introduced long-term visas like the 10-year visa for an investor in Dubai, UAE, and 5 5-year visas for real estate investors. These UAE long-term visas have been welcomed by owners and investors of the property as they will provide a sense of greater stability to those living here.
However, according to the latest update from the General Director of Residency and Foreigners Affairs (GDRFA), long-term visas in UAE are not open for application by all ordinary investors who have assets worth AED 10M or real estate investors with assets worth AED 5M. Instead, the 5-year and 10-year investor visa in UAE will be issued only to those who complete an additional set of criteria set by GDRFA – Dubai and will be contacted by the relevant authority if they are eligible for the visa.
Why Choose Us?
Start Any Business (SAB), understand your needs, and customize our offerings accordingly. Our business professionals will help you to deal with the process trouble-free and can also help you in establishing your business foundations. We believe in and aim at transforming business ideas into reality and helping business dreamers to follow them. To initiate your investor visa and business procedures, do contact us.
Also read: How Indians Can Start Business in Dubai