When it comes to business, employment, real estate and tourism, the UAE is considered to be the fastest-growing market in the Middle East region. The UAE government has created ample opportunities for people who would like to visit the country and conduct business. Various types of visas have been established to fit multiple circumstances such as the UAE investor visa, visit visa, visa for jobs, property visa.
Types of Investor Visa in the UAE
Due to the vibrant market and quality business infrastructure in the UAE, people from all over the world come to the Emirates to seek investment opportunities or start a business. The UAE has different visa categories for these people, known as the investor or partner visa. Those who invest or start a company in the continental or free zones may apply for a UAE investor visa. However, it's important to remember that the Dubai investor or partnership visa application process varies depending on the emirate in which you apply. In the UAE, there are three significant types of investor visas, namely freezone Investor Visa, LLC Visa, and Property Visa.
1. Freezone Investor Visa
Investor visa in freezone is a 3-year Visa. The method is relatively straightforward and does not include a UAE national endorsing sponsorship or buying a property in UAE. The Free Zone Authority maintains 100 per cent control over the process of developing visas and business.
2. Mainland LLC Investor Visa
Analogous to Free Zone Investor Visa, Mainland LLC also awards its holder a 3-year tenure. However, some conditions are added as the visa is accepted through appropriate UAE government departments based on the Memorandum of Association (MoA), LLC Agreement, and Partners List Certificate.
3. Property Visa
Property visa is a renewable two-year visa granted by the Dubai Land Department. Property visa holder provides citizenship for the client, an Emirates ID and sponsorship for the family. Unlike Freezone and LLC investor visa, the procedure requires approvals from Dubai Land Department, NOC from Police Department, Title deed from estate registration trustee department and Taskeen Application. This service allows an applicant to apply for a visa if the value of his residential property is equal to or greater than one million Dirhams (AED 1,000,000). The Real Estate Investment Promotion and Management Centre provides this program.
What is the Cost of Investor Visa in the UAE?
The cost of investor visas in the UAE varies for each jurisdiction and are listed below. Such costs for visas are subject to revisions by the respective authorities and can vary as necessary. E-Channel registration is also mandatory before applying for an Investor Visa at the UAE. Experts at Commitbiz will guide you through the same process, and the E-Channel fees vary for different jurisdictions with a tentative cost of approximately AED 7,200 with a refundable element of around AED 5,000 on the cancellation of a trade licence.
How to Apply for a UAE Investor Visa?
To receive an investor visa in the UAE, you can either spend at least 70,000 dirhams (about 19,000 dollars) in the country's economy, by opening a business in one of the free economic zones or purchasing real estate in the UAE.
For example, here are the underlying real estate requirements, the cost of an apartment to get a resident permit is from 1 million dirhams (274,000 + USD) per person or family. Residence visa in the UAE is given for 3 years, after which you can extend it unlimited times. In physical words, a UAE resident visa is a passport sticker. Also, the Emirates ID card (or Resident ID), which offers necessary information about its holders, is also issued. This card is valid on all Emirates territories and can be used within the country instead of a passport. To save the residence permit, it is sufficient to enter the Emirates once every six months. Violation of such a rule entails blocking this document, and to obtain it again; you will have to undergo a restoration process.
Remember that one of the critical benefits of investor visas in the UAE is that the UAE investor visa process is much easier and quicker than in other countries, because of requirements of the entire procedure and about the costs you pay for the whole procedure. The rules for obtaining a UAE investment property visa are obvious and understandable. A foreigner who wishes to request a property investment visa in UAE has to purchase a property here with a price of more than 1 million dirhams, and then submit a suitable application for a residency permit in UAE. In some countries, you can receive an investor visa by depositing with a regional bank.
In the UAE, an investor visa for a bank account is not released, only in case of buying a real estate or opening a company. In case you apply for a residency visa in Dubai, the real estate owner should note that to qualify for an investor visa in Dubai, the UAE, the item purchased should be in the residential stock when buying a house. By purchasing such a property with a 10,000 square meter area, you won't get an investor visa in Dubai or anywhere in the UAE.
Documents Required for Investor Visa
- Passport copy (colour)
- One photograph (white background) for entry visa application
- Copy of memorandum of association (for LLC)
- Trade licence copy
- Partners list (for LLC)
- Copy of service agent contract (for professional license)
- Copy of partnership contract, if any (for professional license)
- Original emirates id of another partner/pro (if you are applying through vision form)
- Immigration establishment card copy
- Last six month's bank statement (if the company is old)
- Documents for medical
- Typed application
- Passport copy, visa copy and two photographs (white background)
- Documents for visa stamping
- One photograph with white background
- Emirates id form
- Original visa
- Original medical certificate
- Original passport
- Immigration establishment card, LLC agreement, license & partners list copy
You can start a company in UAE with the help of the middleman between you and your company. Yet sceptical? We at Commitbiz are here to wash away your doubts. Our consultants have years of experience in this area and can help you to get an investor visa in UAE. Please contact us today.