How to Get an Investor Visa in Dubai: Application Process and Requirements
Dubai has exceptional standards when it comes to economic growth, technological advancements, and continuous progress. It is a lucrative business destination where one can entrepreneurs and investors across the world look forward to investing. For such opportunities, the UAE government has introduced an investor visa in Dubai that caters to the investing requirements of individuals across the borders. Therefore, having this visa in hand allows entrepreneurs to contribute to the growth-centric approach as well as the economic standards of Dubai.
In this blog, you will get a deeper insight into the application process and requirements that need to be fulfilled to acquire this visa in Dubai. So, let’s unfold them in detail.
Overview of Dubai Investor Visa: Requirements, Application Process, and Costs
Understanding Investor Visa
Investors across the globe seeking to gain potential profits from the growing economy of Dubai or want to make a substantial financial investment in the country can apply for this visa. A UAE Investor visa includes investing in potential business ventures, startups, or even real estate within the country. You can live and work in Dubai if you have an investor visa. Additionally, you do not need any employer to sponsor this visa for you, instead, you get 100% ownership of your business, without having to pay taxes.
You can commence your endeavor in any sector be it hospitality, technology, real estate, or any other sector. There is no restriction on that. Furthermore, holding this visa allows you to sponsor your family such as spouses, parents, or children. Therefore, this visa is beneficial for investors and entrepreneurs in many ways.
However, there are some eligibility criteria to apply for this visa in Dubai. It involves :
- The visa is given to those who are either ready to start a new company with AED 10 million capital, or
- Invest in the shares of the established business with a minimum value of AED 10 million
Requirements to Obtain an Investor Visa in Dubai
Several investor visa application requirements need to be followed to obtain this specific visa in Dubai. Gather all the essential documents and paperwork given below to present them to the UAE authorities and acquire the visa precisely without any hassle. The documents include-
- Previous 6 months’ bank statements
- Establishment Card of Immigration
- Memorandum of Association (MOA) as the proof of share ownership
- Photocopy of passport
- Dubai Trade License Copy
- One passport-sized photograph with a white background
However, this is not the complete list of documents, the requirements of paperwork tend to be different depending upon each specific case.
Applying for an Investor Visa in Dubai
The investor visa Dubai process is not that complicated. It involves a few steps that are required to be followed properly to obtain the visa quickly.
- You need to register your business or company first with the Dubai Economic Development (DED)
- Now apply for a company establishment card
- If you reside outside the country, then you need to apply for an entry permit to the UAE.
- If you are already a resident of UAE, then undergoing an in-country visa status change.
- The next step to obtain an investor visa in Dubai is going through a medical test
- It’s time to apply for the Emirates ID now, it is an important step.
- Get suitable health insurance coverage
- Now it’s time to stamp the investor visa in your passport.
By following the above-given steps, one can easily acquire an investor visa in Dubai without any hassle.
The Application steps include-
- Apply for an entry permit through an online website
- Register the investment visa through the General Directorate of Residency and Foreigners Affairs (GDRFA)
- Possess a good conduct certificate from the Dubai police
- Visa application includes securing health insurance
- Visit health center for medical fitness test
- Obtain a no-objection certificate from your bank
- Submit the bank statement as required
Investor Visa Processing Time
Getting an investor visa in Dubai takes around 15-20 working days from beginning to finish. Under these days, activities like registering your new business, obtaining a trade license, application process of a visa, and stamping your passport are carried out. The time also depends on the expertise and experience of the service provider managing your visa application.
Dubai Investor Visa Cost
The cost of an investor visa in Dubai is approximately around AED 4000. The renewal fee is approximately AED 1750. However, the cost can vary depending on the type of visa, chosen documents, and procedure.
Conclusion
Whether you are looking forward to starting a new company or investing in an existing established business, Dubai is the most suitable destination for both ideas. The investor visa in Dubai makes sure you carry out your business activities legally with the utmost convenience and ease. Therefore, start your entrepreneurial journey in Dubai and contribute to its dynamic and constantly growing economy.