Resident visas in Dubai for investors and entrepreneurs

Resident visas in Dubai for investors and entrepreneurs

Contents:

Investor Visa in Dubai

Investors who are interested in the United Arab Emirates should understand that real estate purchase does not guarantee a resident visa. We will outline in more detail what exactly the requirements and conditions to obtain a visa are.

An investor visa is granted to a foreigner who has bought real estate in Dubai worth at least AED 1,000,000. The validity period of such a visa is 2 years. It is obtained on the condition that your real estate in Dubai cannot be pledged. Another condition is that the buyer must have an income equal to at least AED 10,000. An investor permit for 2 years costs about AED 14,500. After the expiration of the validity period, you can apply for an extension.

If you are an investor visa holder in Dubai, then you have the right to obtain an Emirates ID and a driver's license in the UAE. An Emirates ID is an identity card in the United Arab Emirates that is granted by special authority. The owner of a 2-year investor visa is not recommended to stay more than 6 months outside the UAE otherwise the document will be nullified.

When you buy a residential property of AED 1,000,000 in any other emirate, you also get the opportunity to apply for an investor visa but a shorter period (6 months). It is good to note that the registration of such a visa is much cheaper (AED 3,300). A 6-month visa must be renewed every 6 months wherein you have to leave the country and return to the Arab Emirates again. The price of the extension is approximately AED 1,100.

Another option to obtain the necessary document is to open and register your organization in the UAE. In this case, the visa period is 3 years.

Resident visas in Dubai for investors and entrepreneurs

Types of investments in Dubai to obtain a visa

How do I use my investments in Dubai so I will have the opportunity to apply for a visa in the future? Let us consider some investment options that will allow you to apply for a residence permit in the UAE.

Investor visa for an Emirati company

One of the investment options is to open and register an enterprise or organization in the UAE. To begin with, you will have to draw up a business plan and apply with this to the Ministry of Economy of the United Arab Emirates. If the business plan is approved, the investor may be approved for a visa for 3 years, indicating the purpose of an enterprise running in the UAE. The requirement to confirm this type of visa is an obligatory stay in the country every 180 days, as well as an annual payment for the extension of your organization's activities. The holder of such a visa can draw up a similar document for persons dependent on him. To do this, documents that confirm the relation must be provided.

Dubai visa when buying real estate

The next option for investment and further registration of a residence permit in the country is the purchase of real estate in the UAE. The period for granting a visa depends on which emirate you want to buy a house in. If you do this in Dubai, then the visa is granted for 2 years. Any other emirate is 6 months. At the same time, the value of the property should not be below AED 1,000,000. Another important clarification is that this real estate has to be residential. Residential real estate in the UAE includes flats, apartments, villas, houses, townhouses, and penthouses. To date, one of the most profitable residential real estate options are apartments in new buildings in Dubai.

For visa processing services for 2 years, the future resident will need to pay AED 14,500. However, the price of obtaining a visa for 6 months is between AED 3,000 to 3,300. These visas need to be extended upon expiration.

Golden Visa in Dubai

The so-called «golden visa» provides the right to permanent residence not only for investors but also for particularly outstanding specialists in fields like science, healthcare, art, technology. Thus, the Government of the Arab Emirates attracts highly qualified medical workers, people working on innovative technologies, and other developing scientists to the country. Spouses, children, parents, and anyone who is a dependent of the specialist gets the opportunity to move to the country legally.

Initially, the visa is granted for 10 years and it has the possibility of permanent extension. In 2021, the State of the Emirates amended the legislation. Nowadays, a visa for 10 years can be given to students or graduates who received an average score of 95% or higher when passing their final exam. Relatives of the graduate are also eligible for a visa.

Investors who have invested AED 10,000,000 in the assets of the Arab Emirates can also apply for a golden visa for 10 years. These may be the following investment options:

  • Contribution of AED 10,000,000 to the Emirates Investment Fund;
  • Running a business in the UAE with capital of at least AED 10,000,000;
  • Enter into partnership with an existing enterprise of the Arab Emirates or buy shares of such an enterprise to the amount of at least AED 10,000,000.

How to apply for an investor visa in Dubai

You can apply for an investor visa in the UAE or use the services of visa centers. The investor must provide the following documents:

  • International passport and copies of all its pages;
  • Certificate that confirms ownership of the property;
  • Copy of a valid visa (if available);
  • Six 3.5 * 4.5 photos;
  • Statement of account status;
  • Document that confirms a monthly income of at least AED 10,000;
  • Medical insurance;
  • Paid utility bills;
  • Completed visa application form.

First of all, the investor should contact the Dubai Land Department with the necessary documents. After this, the employees of the Department send a letter of recommendation to the investor that is then sent to the Dubai Police. On the basis of this letter, the police provide a certificate of a criminal record. The next step for an investor is to contact the Dubai Department of Economics to apply for a license. After the investor has been granted a license, he must apply to the General Directorate of Residence and Foreign Affairs in order to apply for the type of residence visa he needs.

Resident visas in Dubai for investors and entrepreneurs

Investor visa price in the UAE

In order to apply for an investor visa for 2 years, the applicant must pay all the costs associated with obtaining a visa. On average, the price of visa processing for 2 years is AED 14,500. This price includes the following:

  • certificate of criminal record;
  • administrative fees;
  • permits to enter the country;
  • licenses from the Dubai Department of Economics;
  • Emirates ID registration;
  • medical insurance.

If the investor decided to extend the visa period or apply for a visa for his relatives, then this will require another AED 5,500.

In order to obtain an investor visa for 6 months, the applicant will have to pay AED 3,000-3,300. Such a visa must be renewed every 6 months. The price of the extension is AED 1,100. In addition, the investor must pay AED 250 for each relative or dependent, as well as confirm the relation by documents.

Investor visa for 10 years

This option is available if a foreigner invests AED 10,000,000 while only 40% of the investment can be invested in real estate. The rest of the contribution can be made in one of the developing sectors of the economy or business. The investor is required to confirm that the money is not borrowed or on credit.

Investor visa for 5 years

If an investor buys a property worth at least AED 5,000,000 like a luxury villa in Dubai, he gets the right to apply for a visa for 5 years. Such real estate must be bought without using the services of a bank (for instance, without a mortgage loan or other loan). It is important to know that real estate must be bought in a freehold zone. These are areas where full ownership of real estate is possible after purchase.

Investor visa for three years

If an investor buys real estate in Dubai for AED 1,000,000, he can become the owner of a resident visa in the UAE for 3 years, as well as get an Emirates ID and driver's license. All the property that the investor has should not be pledged. Another requirement is an obligatory monthly income of AED 10,000.

Resident visas in Dubai for investors and entrepreneurs

We will help you get a visa and buy real estate in Dubai

Do you dream of buying an apartment in the dazzling skyscrapers in Dubai or do you want to buy a luxury villa in one of the new residential areas of the metropolis? You should contact our organization as soon as possible to choose an ideal property for you and your family. Our staff will not only help you choose and buy real estate but also tell you how property owners can get an investor visa in Dubai. If you contact our company right now, tomorrow you can get various profitable real estate proposals!

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