How to get investor visa in Dubai? Dubai is indisputably one of the best places to do business in the world. As a major global business hub, many of the world’s most enterprising businesses converge there to do business. It is a way of bringing foreign talents into the country and allowing them to realize their business potential in one of the most important hubs on the planet.
For rising entrepreneurs, the possibility of doing business in Dubai presents a major opportunity for growth. To get started, you will need to secure an investor visa. In the following sections, we will provide guidance on how to do this.
What is a Dubai Investor Visa?
The Dubai investor visa is designated for foreign citizens who live, work, and invest in Dubai. To obtain the visa, they must make a significant investment in Dubai. this usually takes the form of either real estate investment or starting a business.
They are for two years and require at least AED 750,000 or AED 2 million for a golden one. Other emirates have similar procedures.
Key Benefits of the Investor Visa
Obtaining an investor visa provides a number of benefits. This includes the right to live in the UAE, the ability to sponsor family who also wish to live in Dubai, and access to the vast business network that Dubai provides.
Who is Eligible for an Investor Visa in Dubai?
There are specific categories of people who are eligible for the investor visa in Dubai, based on minimum capital requirements. This includes:
- Business owners of an accredited business incubator, executive directors and entrepreneurs who meet minimum total investment requirements
- Real estate owners who invest in properties worth at least AED 2 million
- Partners and executive directors in either existing or new companies with a minimum total investment value of AED 2 million
- Shareholders in UAE companies
Types of Investor Visas in Dubai
People who apply for investor visas in Dubai can get visas for different periods of time that will allow them a residence permit. The possibilities include:
The 2-year investor visa. To be eligible, you must own property in Dubai with a value at least AED 750,000.
You must be prepared to provide the necessary documentation, and also pass a medical examination, provide biometric data, and submit a certificate of good conduct.
The 10-year golden visa. To be eligible for a golden visa, you should have at least AED 2 million in an investment fund inside Dubai, have an established company or be a partner of a company with a value of at least AED 2 million.
If the applicant for a golden visa is an entrepreneur, he or she must also obtain approval from the Ministry of Economy for the golden visa.
Real estate investor visa. The real estate investor visa is available to people who meet minimum requirements for different time periods. The 2-year type requires a minimum investment of AED 750,000 value in real estate.
For 5 years, there is a minimum investment in property of AED 2 million. The 10-year golden visa also requires a property investment of AED 2 million.
Step-by-Step Process to Get a Dubai Investor Visa
In the sections below, we will describe the step-by-step process that you must go through to obtain an investor visa. You must meet the following conditions and procedures.
Step 1 – Choose the Right Visa Type
The first thing that you must do is decide what type of visa to apply for. Your decision should be based upon whether you apply for a real estate-based visa or an investor visa, as well as the amount of capital that you have to invest. This will also determine the amount of time that you receive your visa for.
Step 2 – Register or Invest in a UAE Company / Property
Once you have determined the type of visa that you want to apply for, the next step will be to register your business or startup, or invest in a UAE-based property.
You must be able to prove your status to competent local authorities when you apply for your visa, so your investment should be fully completed by the time you submit your application.
Step 3 – Obtain Necessary Documents
Next, you should obtain the necessary documents to send in along with your application to send to the federal authority. There are several required documents that you must submit to obtain a visa. These include:
- A copy of your original passport
- A passport-sized photo
- Your business license or the title deed from the property that you have invested in
- Certain local banks statements that prove you have enough money to maintain your status in the country.
- A copy of your Emirates ID
Step 4 – Submit Application via ICP or GDRFA
Once you have gathered all the required documents, you should submit your application either on the ICP website, or at the GDRFA.
Step 5 – Undergo Medical & Emirates ID Process
Your application will not be complete until you complete the following conditions: pass the required medical examination and obtain your Emirates ID.
Required Documents for Dubai Investor Visa
The required documents for the applicant are:
- Your passport
- A passport-sized photo
- A copy of your business license or title deed for residence
- Copies of bank statements
- After you have submitted the application, a copy of your Emirates ID
Costs and Fees for Investor Visa in Dubai
There are fees that you must pay when applying for a visa to the Dubai Land Department. This includes:
- Medical examination fee
- Emirates ID fee
- Confirmation of residency permit
- Dubai Land Department fee
- Administrative fee
- Legal and consultancy fees (optional)
How Long Does the Visa Process Take?
The average time that applicants must wait for their visa is 7-10 business days. There are some differences depending on the specific visa type and other circumstances in the applicant’s particular situation. If there are mistakes in the required documentation, or something is missing or incorrect then it will cause the process to be delayed.
Can You Sponsor Family Members with Investor Visa?
People who obtain a visa are able to sponsor members for residence Dubai. This includes spouses looking for a partner visa, children, and parents. The sponsor must meet minimum income requirements to be eligible for sponsorship, either having a monthly salary of AED 4000, or AED 3000 if accommodation is required). The sponsor will provide accommodation for the members that they host. Also, incoming members must pass a medical test and a criminal record test.
The sponsor must provide proof of family relations for partner visas and other members to obtain residence. This includes birth certificates, marriage certificates, adoption certificates, documents required proving shared financial resources, and possibly other documentation. Fees are AED 7000 per member, and the applications must be sent within 60 days of members arriving in the country or there could be problems with the Dubai police to obtain a residence permit.
Common Mistakes to Avoid During the Application
There are several mistakes that people tend to make when applying for the Dubai investment visa. These include:
- Sending incomplete documents. You should be sure to double-check the list of required documents and make sure everything is included. Not sending a complete application will cause delays.
- Choosing the wrong visa type. Be sure that you read the details carefully of the visa type (golden visa or other type) that you are applying for and choose the one that matches your individual situation. If income requirements or other details are off, you will be rejected.
- Ignoring local legal requirements. Be sure to familiarize yourself with all of the legal requirements for the visa you are applying for. It would be to your advantage to seek assistance in the application process.
Final Thoughts: Is the Dubai Investor Visa Right for You?
UAE offers the Dubai investor visa to obtain residency in the country for people with the right status. There are different categories of the visa – golden visa and shorter-term ones – so you should familiarize yourself with the terms and make sure you choose the right one.
Seeking professional help from competent local authorities will help to clarify details and help ensure that you carry out the process correctly.
