What are the Requirements for an Investor Visa in Dubai?

Dubai, known for its thriving business environment and strategic location, has become a hub for investors and entrepreneurs from around the world. The Dubai Investor Visa is a gateway for those who wish to establish or expand their business in this dynamic city. This comprehensive guide will delve into what the Dubai Investor Visa is, the required documents for mainland companies, the associated costs, and the benefits of obtaining this visa.

What is the Dubai Investor Visa?

The Dubai Investor Visa, also known as the Partner Visa, is a type of residency visa granted to foreign nationals who invest in a business in Dubai. This visa allows investors to live and work in the UAE and is typically issued for three years. It is renewable, provided the investor continues to meet the necessary requirements.

The primary purpose of the Dubai Investor Visa is to attract foreign investment and stimulate economic growth. By providing a stable and supportive environment for business, Dubai encourages entrepreneurs and investors to contribute to its vibrant economy. The investor visa is applicable to various types of business setups, including mainland companies, free zone companies, and offshore companies, though the focus here will be on mainland companies.

Investors who obtain this visa are granted several privileges, such as the ability to sponsor their family members, access to UAE banking facilities, and the freedom to travel within and outside the UAE without facing frequent visa renewals. This visa not only facilitates the establishment and growth of businesses but also enhances the overall quality of life for investors and their families.

Required Documents for Mainland Companies

Securing a Dubai Investor Visa involves a series of steps and the submission of specific documents. The requirements can vary slightly depending on the nature of the investment and the type of business entity. Here is a detailed list of the documents typically required for investors in mainland companies:

1. Valid Passport: A copy of the investor’s passport with at least six months’ validity.
2. Passport-Sized Photographs: Recent passport-sized photographs of the investor, meeting the UAE’s visa photo requirements.
3. Trade License: A copy of the trade license of the company in which the investment is made. This document must be issued by the Dubai Department of Economic Development (DED).
4. Memorandum of Association (MOA): The MOA of the company, which outlines the investor’s shareholding in the business. For mainland companies, the investor must hold at least 51% of the company’s shares unless operating under specific activities that allow 100% foreign ownership.
5. Share Capital Evidence: Proof of the capital investment in the company. This can include bank statements or a certificate from the bank confirming the investor’s share capital.
6. Partnership Contract: A notarized partnership contract if applicable, detailing the terms and conditions of the partnership within the company.
7. Immigration Establishment Card: A copy of the company’s immigration establishment card, which is required for processing the visa.
8. No Objection Certificate (NOC): If the investor is already in the UAE on a different visa, a NOC from the current sponsor might be required.
9. Bank Statements: Recent bank statements of the company to show financial stability and operational activity.
10. Tenancy Contract: A copy of the tenancy contract for the company’s office premises, registered with Ejari (the online registration system for tenancy contracts in Dubai).
11. Medical Fitness Certificate: The investor must undergo a medical fitness test at an authorized health center in Dubai. The test typically includes a blood test and a chest X-ray.
12. Health Insurance: Proof of health insurance coverage, as mandated by Dubai authorities.
13. Application Form: Completed visa application form, which can be obtained from the relevant immigration department or through authorized typing centers.
14. Visa Fees: Payment of the applicable visa fees.

Cost for Investor Visa in Dubai

The cost of obtaining an investor visa in Dubai can vary based on several factors, including the type of business, the number of investors, and the specific requirements of the Dubai authorities. Below is a breakdown of the typical costs associated with the Dubai Investor Visa:

1. Trade License Fee: The cost of obtaining or renewing a trade license can range from AED 10,000 to AED 30,000, depending on the business activity and the size of the company.
2. Memorandum of Association (MOA) Notarization Fee: The notarization of the MOA can cost between AED 1,000 and AED 5,000.
3. Immigration Establishment Card: Issuance or renewal of the immigration establishment card usually costs around AED 1,000 to AED 2,000.
4. Medical Fitness Test: The medical fitness test fee is approximately AED 300 to AED 500.
5. Health Insurance: The cost of health insurance varies depending on the coverage plan and the insurance provider. It typically ranges from AED 1,500 to AED 5,000 per year.
6. Visa Processing Fee: The visa processing fee, including the application and stamping, is usually around AED 2,000 to AED 3,000.
7. Service Fees: Additional service fees for typing centers, PRO services, and other administrative costs can add up to AED 1,000 to AED 2,000.

Overall, the total cost for obtaining an investor visa in Dubai can range from AED 20,000 to AED 50,000 or more, depending on the specific circumstances and the services used.

Benefits of Investor Visa in Dubai

Obtaining an investor visa in Dubai comes with a multitude of benefits that make it an attractive option for entrepreneurs and business people worldwide. Here are some of the key advantages:

1. Residency: The investor visa grants residency in Dubai for up to three years, with the option to renew as long as the investment conditions are met. This provides stability and the opportunity to plan long-term business strategies.
2. Family Sponsorship: Investors can sponsor their immediate family members, including spouse, children, and parents, allowing them to live in Dubai.
3. Ease of Travel: With a UAE residency visa, investors can travel in and out of the country with ease, avoiding the need for frequent visa renewals and the associated hassles.
4. Banking Facilities: Access to local banking facilities is simplified, allowing investors to open bank accounts, obtain credit, and conduct financial transactions with ease.
5. Business Opportunities: Dubai’s strategic location, world-class infrastructure, and business-friendly policies provide ample opportunities for business growth and expansion.
6. Tax Benefits: The UAE offers a favorable tax regime, with no personal income tax and relatively low corporate taxes, which enhances the profitability of businesses.
7. World-Class Infrastructure: Dubai boasts world-class infrastructure, including state-of-the-art transportation, communication, and logistics networks, facilitating smooth business operations.
8. Networking Opportunities: Being a global business hub, Dubai offers numerous opportunities for networking, collaboration, and partnerships with other businesses and investors.
9. Quality of Life: Dubai is known for its high quality of life, with excellent healthcare, education, and leisure facilities, making it an attractive place for investors and their families to live.
10. Access to Markets: Dubai’s strategic location provides easy access to markets in the Middle East, Africa, and Asia, making it an ideal base for international trade and business operations.
11. Legal Protection: The UAE offers robust legal protections for investors, ensuring that their rights and interests are safeguarded under the law.

Conclusion

In conclusion, the Dubai Investor Visa is a valuable tool for foreign investors looking to establish and grow their businesses in one of the world’s most dynamic cities. By understanding the requirements, costs, and benefits associated with this visa, investors can make informed decisions and take advantage of the numerous opportunities that Dubai has to offer. For personalized assistance and expert guidance on obtaining an investor visa and setting up your business in Dubai, Incorpyfy is here to help you every step of the way. Our team of professionals is dedicated to ensuring a smooth and successful business setup experience for all our clients.