Dubai has established itself as a global business hub, attracting entrepreneurs and investors from around the world. For those looking to set up or invest in a business in Dubai, obtaining a partner or investor visa is a crucial step. This visa allows you to live and work in Dubai while managing your business operations. Here is a comprehensive guide on how to obtain a partner or investor visa in Dubai.
1. Understanding the Partner and Investor Visa
A partner or investor visa is issued to individuals who are:
- Starting their own business in Dubai.
- Investing in an existing business in the UAE.
The visa grants residency rights, enabling holders to sponsor family members and enjoy Dubai’s vibrant lifestyle.
2. Eligibility Criteria
To qualify for a partner or investor visa, you must meet certain criteria:
- Ownership Stake: You should hold a minimum share in a company registered in the UAE. For most free zones and mainland setups, this is typically at least AED 72,000 in share capital.
- Business Registration: Your business must be registered with the Department of Economic Development (DED) or a relevant free zone authority.
- Valid Trade License: Your company should have a valid trade license.
3. Types of Business Entities
The type of business entity you choose determines the copyright process. Common options include:
- Mainland Company: Requires a local service agent or partner, but allows you to operate anywhere in the UAE.
- Free Zone Company: Offers 100% ownership and simplified visa processes but limits operations to the free zone unless partnered with a mainland company.
- Offshore Company: Suitable for businesses not requiring a physical presence in Dubai.
4. Required Documents
When applying for a partner or investor visa, you need the following documents:
- copyright copy (valid for at least six months).
- UAE company trade license.
- Memorandum of Association (MOA) listing your shareholding.
- Proof of share capital investment.
- copyright-sized photos (white background).
- Entry permit (if applying from outside the UAE).
- Bank statements (if required).
5. Steps to Apply for a Partner or Investor Visa
Here’s the step-by-step process:
- Business Registration: Ensure your company is fully registered and operational with a valid trade license.
- Apply for an Entry Permit: If you are outside the UAE, apply for an entry permit to enter the country.
- Medical Examination: Complete a medical fitness test, which includes blood tests and a chest X-ray.
- Emirates ID Application: Apply for an Emirates ID, a mandatory identification card for residents.
- Visa Stamping: Submit your copyright copyright stamping after completing all necessary formalities.
6. Costs Involved
The costs for obtaining a partner or investor visa vary depending on factors like:
- Business type (mainland or free zone).
- Visa duration (1, 2, or 3 years).
- Additional services (medical tests, Emirates ID fees, etc.).
On average, the total cost ranges from AED 4,000 to AED 6,000.
7. Benefits of a Partner or Investor Visa
- Residency in Dubai: Live and work in one of the most dynamic cities in the world.
- Sponsorship: Sponsor your family members for residency.
- Ease of Business Operations: Manage and operate your business seamlessly.
- Multiple Entry: Travel freely to and from the UAE.
8. Tips for a Smooth Application Process
- Hire a PRO Service: Professional service providers can handle documentation and liaise with authorities on your behalf.
- Double-Check Documents: Ensure all paperwork is accurate and up to date.
- Stay Updated: Keep track of the latest regulations and requirements from the UAE government.
Conclusion
Obtaining a partner or investor visa in Dubai is a streamlined process, especially when you are well-prepared. This visa not only grants residency but also provides the opportunity to be part of Dubai’s thriving business ecosystem. By following the steps outlined in this guide and ensuring compliance with all regulations, you can secure your visa and focus on building your business in one of the world’s most prosperous cities.