Dubai Investor Visa 2024: How to Get it?
Dubai is one of the most business-friendly and pro-enterprise cities in the world. Entrepreneurs and investors around the globe are interested in investing in the different city’s business sectors. If you want to learn how to get a Dubai investor visa there are some procedures and steps to get things moving. In this article, we will ensure you will learn everything you should know about the process of acquiring a partner or investor visa. In addition, here you will find all important information when it comes to the different types of visas in the UAE. That is to say, learn the benefits of these visas so you can start taking advantage of them. Let’s observe: 1. Dubai investor visa This visa is also called Dubai Partner Visa; it is obtainable by foreign individuals who want starting a business in the UAE or invest in an existing business in Dubai or the UAE. Likewise, the holders of this visa have the right to live in the UAE and exit the country as they wish for the duration of the visa. However, holders of this visa become a tax domicile of the UAE, and, therefore, not taxable by the country of origin. Likewise, this is matter to the investor’s home country laws and regulation. Holders of the Dubai investor visa may also apply for the Emirates ID card, acquire a UAE driving license, open a bank account, sign up for Du mobile or Etisalat, and other important services. In the same vein, the government grants the right to holders of this visa to sponsor their children, spouse, and parents to enter the UAE. In the same vein, individuals in the process of how to get a Dubai Investor Visa can obtain it under 4 situations: Investment in real estate. Long-term residence visa. Investment in a company. Retirement. Read More About : Learn about the types of trade licenses and the Dubai trade license cost 2. Real Estate investment This applies to individuals who are looking to invest in properties worth AED 1 million or more, with a maximum of 50% of the value being under a mortgage. Similarly, investors owning properties in conjunction are eligible to apply under this visa if the individual’s share is worth AED 1 million or more. Most importantly, the individual must invest in a single residential property and not commercial ones. In addition, this visa applies to owners of land and property only. However, you cannot apply for this visa under an off-plan property. The duration of this visa may vary from 3 to 5 years in can be maintained as long as the investor owns the real estate property in Dubai or the UAE. That is to say, the 3-year visa is available to investors who purchased a property valued at 1 million AED or more. Certainly, this is different from the 5-year one which requires ownership of property worth at least 5 million AED. 3. Long-Term Residence Visa With this recently launched visa program, individuals who meet certain criteria can acquire a 5 or 10-year residency. However, this depends on the proportions of their investment in Dubai or the UAE. Likewise, the investor’s family like children and spouse, as well as one advisor and one manager are also eligible to apply. Likewise, individuals who can apply for the 10-year residency visa must invest at least 10 million AED, either through starting a company worth AED 10 million, or partnering in a new or existing company valued 10 million AED or more. Similarly, or through a deposit in an investment fund within the UAE. Or having a total investment of AED 10 million in the previously mentioned areas. In other words, the 5-year residency visa is for investors who own a property valued at not less than 5 million AED, or entrepreneurs in an already existing project of 500,000 AED, however, this is subject to other jurisdictions. Most importantly, these long-term residency visas are issued to individuals who meet the criteria set by the General Directorate of Residency and Foreign Affairs. For instance, this scheme grants visas for individuals who have specialized talents such as scientists and innovators in areas like, research, science and technical fields. 4. Investment in a company Individuals who want to start a business or invest in the areas of Dubai Mainland or the different free zones. Certainly, the country’s different economic activities offer more than 2,000 types of business licenses to establish a company in Dubai Mainland. Understanding the various trade licenses in the UAE is simple, therefore, learn about the different types of trade licenses and their costs. Establishing a company in Dubai Mainland usually requires to partner with a UAE national, this will be a major shareholder (51%), or an individual responsible to collaborate with the different government departments. Likewise, recent measures by the government have allowed for the first time in the UAE’s history, full ownership of businesses in Dubai Mainland, eliminating the need for foreign commercial businesses to have a UAE national as a major shareholder. However, full ownership of onshore businesses remains in line with policies set by the UAE government. This investor visa is granted to individuals who own shares in a company worth at least 72,000 AED or starting a company with a capital investment of the same amount. In other words, foreign investors establishing in one of Dubai’s free zones do not require a local partner or sponsor. In the same vein, these companies have a zero-taxation policy, and they have full ownership of the company. However, this visa application process may vary depending on where the free zone is located and the nature of the company. 5. Retirement Visa This category was created for investors of the age of 55 who want to retire in the country. That is to say, this 5-year residency visa is obtainable for individuals investing in properties worth at least 2 million AED, are have savings worth 1 million AED, or have active monthly earnings of at
