A COMPLETE GUIDE TO INVESTMENT VISA IN DUBAI

Dubai is one of the best places to invest your money and gain profitable income! Currently, it's one of the central locations for foreigners to fund projects and rely on good feedback in the following years: whether the work is in real estate, cuisine, or any commercial franchise. The credit to people's success is the investment visa in Dubai and its hub of opportunities.

People look towards Dubai as a land of a gold mine with many sectors to invest their money in. The current laws have also enabled foreigners to gain many advantages over the years. The golden visa introduction after the Covid'19 pandemic stood as a ground-breaking revolution in terms of visa acceptance in the UAE.

The golden visa granted people access to a number of benefits. The most prominent advantage of this visa is having no necessary national sponsor: anyone can come to Dubai and not require a local or UAE citizen to give them approval. This independence has enabled many foreign investors to come to Dubai and try their luck in various markets.

However, before looking into investment in Dubai, it is essential to know about the different investment visa in Dubai, their requirements, and their explanations. Visa is a necessary step into another foreign country, so if you are looking to seek business opportunities or start a venture in Dubai: this guidebook is your holy grail. This article will guide you towards all the investment visas, and their processes, and explain their use before you begin your journey!

Investment visa in Dubai

This visa is specifically for those foreign investors interested in funding or launching a company on the mainland or in free zones who can apply for the visa. However, depending on which emirate the investor picks, the application procedure may differ.

The Dubai partner visa or investment visa is perfect for individuals who also want to officially move to Dubai and start their residency. These people can also live, work, and sponsor more family members in Dubai, and make it easier for the whole family to shift to a new place with financial support.

This visa is also regarded as a residential visa, and is issued for 5-10 years, giving the investor ample time to grow their company and also make their venture a success!

This visa is primarily granted to those who acquire shares in an existing company for a minimum of AED 72,000 or who start a company with a capital investment worth the same amount. This amount is needed so that investors can prove their financial strength to the government before they allow the individual to shift into their land.

Dubai entry requirements

Every single visa has its significant requirements of documentation, finance, and validity. The following documents listed below are required as part of the Dubai investor visa application if you are investing in or starting a firm on Dubai's land.

1. IBAN (International Bank Account Number)
   This is necessary so that the visa processing team can see your financial bank statements and approve your visa if you fit the requirements.
2. Establishment Card
   The establishment card is also known as the CEC or business establishment card and the CIC or corporate immigration card.
   
   Whatever designation of the documentation may be, it is simply a physical card: the size of a bank card that defines details about your business, venture, or already existing company.
3. Memorandum Papers (MOA) as proof of ownership
   A memorandum of agreement (MOA) or cooperative agreement is a contract established amongst parties working collaboratively on a venture or fulfilling an approved objective.
4. One picture with a white background
   A white backdrop eliminates distracting elements. White is quite faint and has little influence on the overall image. This enables highlighting the applicant more and gives it a simple look that is both classy and professional.
5. Current UAE visa for a partner (if applicable)
   If you have a partner in UAE who already has a visa, or is a resident, then this applies to you.
6. Copy of partner's passport
   In case, the individual is married or has a family: the passport is evidence of that relationship and is required to be approved by the government to further validate the visa applicant's identity.
7. Emirates ID Trade Licence Copy of the Sponsor
   Every sponsor of the applicant has an ID number on their passport. The UAE visa number can also be identified on the visa sticker. This number can be seven or maybe more decimal digits and is printed next to the entry permit code.

How to apply for an investor visa?

The best way to go about the process is to apply for an entry permit in typing centers, Tasheel center, or the immigration department. Having a medical test is necessary too, so get a fitness test from any healthcare institute, and fill in the entry permit form with the name of that center.

Afterward, you will need to get a few documents submitted such as the Emirates ID Card, Health Insurance, family member's pictures or ID Card, and biometrics. All of this process is necessary to convert to a visa and give this to any Amer centers located in Al Jafiliya, Dubai Festival City, and Al Quoz.

How much Investment Visa in Dubai cost?

Approximately, the entry permit costs around AED 1,175 for foreigners in the UAE and AED 525 for people beyond. If you are already a resident, then the change of visa will cost lead up to AED 675. The rest of the charges are estimated to be AED 870, AED 405, and AED 322 for the process of Visa stamping, Emirates Identification Card, and Medical Tests respectively. You can include other costs by trade licenses too!

Dubai Visa Online

Another option for application is through the internet! This involves registering for an investment visa using the online E-government Directorate of Naturalisation and Residency Department (eDNRD) site, which is accessible to enterprises and institutions in Dubai.

If you want to further take advice from experts: then do go to Inspire Real Estate to gain some insight from their amazing team!