We all know that Dubai is the hub of business, and investing in a project or company in Dubai can provide opportunities and benefits to business persons and entrepreneurs. However, we often overlook the requirements and rules that need to be followed to start a startup in Dubai.
One basic requirement for investing in Dubai is a Dubai investor visa. Before investing in Dubai, it is crucial to have a complete understanding of the investor Visa Dubai process, including its benefits, requirements, and validity.
Let’s delve into the essential steps.
What Is Dubai Investor Visa?
An investor visa is an authorization letter issued by the UAE government for foreigners, allowing them to start a company or engage in any type of business through investment. The purpose of a visa is to attract businessmen to the UAE for the growth of the economy.
UAE offers many types of visas for outsiders, including golden visas, partner visas, employment visas, student visas, and family visas. Each visa has its own specific requirements and eligibility criteria.
If you are looking to establish a business and company in Dubai, an investor visa Dubai is the most suitable visa for you. Let’s explore what benefits are provided by the investor visa Dubai.
Benefits Provided to Investors
Investor visa offers many benefits to investors from all over the world and facilitates the journey of progress and success.
Residency
An investor visa allows you the opportunity to live in Dubai for a specified period, eliminating the need to renew a tourist visa. Investor visa also facilitates the family members and allows them to stay with the visa holder for two to three years. Staying with the family provides a sense of security and stability; the holder can work with complete concentration.
Business Ownership
Without a UAE investor visa, hiring a local sponsor for your business who owns 51% of your business is mandatory. However, with an investor visa, you can own your business completely, as it eliminates the need for a partnership with a Local Sponsor. This benefit is highly advantageous and makes the process easier by giving you complete control over all business activities.
Enormous Business Opportunities
Choosing the right type of business is a crucial step and contributes significantly to the success rate. In the Business Environment of Dubai, holding an investor visa Dubai allows you to explore a wide range of business models. It will help you in choosing the most suitable path for yourself by thinking outside the box.
Tax Advantage
The relaxation of paying no tax is one of the major benefits of investing in Dubai. Investor visa eliminates the need to pay any type of tax, including value-added tax and withholding tax. This favorable environment helps in more profitability and stability of the business.
Networking Opportunity
Another advantage of an investor visa is that you can collaborate with the top class of the business community. Moreover, you get the opportunity to connect with suppliers, clients, and other members of the business industry to enhance your chances of success.
Guidance and Support
Suppose you are an entrepreneur and have no idea about the business activities and other crucial steps. Don’t worry! UAE investor visa holders can get guidance and support from the consultants. It will help them gain a complete understanding of the business market, trends, regulations, and much more.
Eligibility and Duration of Investment Visa
After exploring the benefits of the investor visa in Dubai, you might be curious to know who can apply for it and how long it lasts. Let’s discuss that
Eligibility Criteria
The eligibility criterion varies with the type of investor visa, as it can be a Golden Visa UAE, property investment, and others. However, the age should be more than 18 years, irrespective of visa category.
Validity of Visa
Similar to eligibility criteria, the validity of an investor visa depends on the category. The validity of the golden investment visa and property visa is 10 and 3-5 years, respectively.
After the completion of the specified time, you can renew your visa with the grace period provided by the UAE authority. For renewal, you have to submit all the required documents, along with your Emirate ID and passport.
Procedure for Obtaining the Investor Visa
For opening a company and getting a visa, the procedure is simple and involves several steps that should be followed for smooth processing. For an investor visa, you have to register your business or company in UAE or Dubai.
- The first step is to select the legal structure of your business or company. It means you have to decide what your business type would be recognized by the UAE business authority. It can be a Limited Liability Company or a Free Zone Establishment. Taking the help of experts is advised as it is a crucial step that decides the location and benefits you will get.
- The second step includes registration, through which you get a license and authorization from the authorities to start working. Registration of the company is like approval by the authority to operate legally.
After fulfilling investor visa UAE requirements, you can apply for a UAE investor visa, which involves further steps to follow
Documentation
Documents are submitted to the relevant department for verification. It includes an Identity card, Emirate ID, salary slip, business strategy, etc.
Application Process
In the next step, you have to submit the application form to the immigration authority of Dubai or any other area in in which you are going to establish your company.
Pay Charges
On the basis of visa category and duration, you have to pay the fee. The fee charges vary with visa category and validation.
Requirement of Medical Examination
In some visa categories, a medical certificate is also needed for the safety and security of the applicant and the selected country. A complete medical check-up ensures that the applicant is fit and has no contagious disease.
Emirate ID
It is important to get your Emirates ID as it contains all the information of the applicant and allows you to use the services in UAE or Dubai, such as opening an account and others.
Get Your Investor Visa
After completing the steps mentioned above, you can receive your visa and enjoy its perks.
Conclusion
At the end of this article, we hope it provided you with a comprehensive understanding of the investor visa. Investor visas can be game-changing for entrepreneurs and seasonal businessmen as they provide many benefits.
Dubai offers different categories of investor visas and allows applicants to choose any category based on their business type and preferences. Get your investor visa to start your business in Dubai for endless possibilities and opportunities to grow your business.
