Investor Visa In Dubai Free Zone

In the past times, Dubai has turned into a preferred region for investors who wish to start up new ventures. This is because it’s a safe and stable nation which allows an outstanding framework for growing enterprises. Along these lines, if you should be one of these investors pondering the Investor Visa In Dubai Free Zone open door and are searching for more data on it, at that point all you need to do is to continue reviewing this article.

If you are looking for investor visa in Dubai Free Zone, the question which comes to mind is how to proceed. The first thing to do is to check with your employer whether it is possible to secure an employment visa. If your company is large, however, chances are you will only be able to find a job as a sub-contractor. In that case, your best bet would be to approach real estate agents and find out whether there are any existing projects in Dubai that require foreign technicians.

Investor Visa In Dubai Free Zone

Dubai is the hub for world’s economy, Dubai is one of the seven emirates which are located in the Arabian Peninsula on the coast of the Persian Gulf. To develop a thriving financial market here are several tax incentives and benefits available for the investors. There are several types of visas to set up business like free trade zone (FTZ), free zone licenses and freehold licenses..

Thousands of international investors have made the decision to do business in Dubai. Now it seems easy to get an Investor Visa for Dubai, but sometimes you need another country’s IBAN account to open an account.

We have invested in many projects during the past few decades and designed very successful residential and commercial projects with an architectural, luxurious and perfect art in the Free zone area.

Today a friend of mine asked me to write an article about investments in Dubai. So I decided to do a full investigation on this subject by myself. I hope that you will enjoy the information that I have found below and that it would be helpful for the next trip to Dubai (or if you already live there).

The flourishing economy and favourable business environment in the UAE attracts people from all around the world to pursue investment opportunities or start businesses. For such individuals, the UAE has a separate visa category known as the Dubai investor visa or partner visa.

Those investing or starting a business in the mainland or free zones can apply for the visa. However, the application process can vary depending on the emirate you choose. Next up is an overview of the Dubai investor visa, including the documentation process, application fees and more.

WHAT IS THE DUBAI INVESTOR VISA?

Also known as the Dubai partner visa, this visa is ideal for foreign nationals who want to start a business in Dubai or invest in an existing business. They can also live and work in the UAE and sponsor family members. The validity of the visa is three years.

Want to get an investor visa in Dubai? According to the Dubai investor visa rules, this visa is only granted to individuals who buy shares in an existing company worth a minimum of AED 72,000 or are establishing a company with a capital investment worth the same amount.

DOCUMENTS REQUIRED FOR INVESTOR VISA IN DUBAI FOR MAINLAND COMPANIES

If you are investing in or establishing a company in Dubai’s mainland, you need these documents as part of the Dubai investor visa application.

• Bank Account IBAN Number of the sponsor
• Establishment Card
• Memorandum Papers (MOA) as proof of the share of ownership
• One photograph with white background.
• Partner’s current UAE visa (if applicable)
• Partner’s passport copy
• Sponsor’s original Emirates ID
• Trade Licence Copy

Earlier, a UAE national or an agent who shall liaise with government departments was needed as the majority shareholder. However, the recent changes in rules allow complete foreign ownership in Dubai mainland. More than 1,000 commercial and industrial activities can now be conducted without a company having an Emirati majority shareholder.

APPLYING FOR DUBAI INVESTOR VISA

Those who want to apply for a Dubai Investor Visa must follow these steps.

• Apply for an entry permit at the immigration department, a typing centre or a Tasheel centre.
• Visit any government health centre to acquire a medical fitness test. When filling the entry permit form, you will be asked to name a health centre you want to visit.
• Emirates ID application typed at an Amer Centre. Submit that application at a Federal Authority for Identity and Citizenship centre and carry your original Emirates ID (if applicable), photographs of your family, and Emirates ID application of family members at the time of submission. If you have never applied for Emirates ID before, you will need to provide biometric data.
• You need to buy health insurance as part of your visa application. Check out the different health insurance companies in Dubai to see which one suits your needs best.
• To convert your visa status to the investor residence visa in Dubai, visit any of Amer centres across the city. You can find Amer centres in Al Jafiliya, Al Twar, Dubai Festival City and Al Quoz.

DUBAI INVESTOR VISA COSTS

The Dubai investor visa cost when applying through an Amer centre is as follows:

• Entry permit: AED 1,175 for individuals in the UAE and AED 525 for individuals outside the UAE.
• Change of status: AED 675 (not required for individuals entering from outside the UAE).
• Visa stamping: Approximately AED 870
• Emirates ID: AED 405
• Medical Tests: AED 322.5

Please note that there are additional charges for the immigration establishment card needed for the Dubai investor visa.

Also, the costs mentioned above are those charged by the GDRFA. These are not inclusive of the trade licence charges issued by the Dubai Economic Department.

You can also apply for an investor visa through the online E-government Directorate of Naturalisation and Residency Department (eDNRD) portal., which companies and establishments in Dubai can use to submit visa applications.

DUBAI INVESTOR VISA FOR FREE ZONE COMPANIES

Dubai welcomes foreign investment and economic activity by introducing free zones or free trade zones in the emirate. Companies operating in business zones are exempt from taxation like Value-Added Tax (VAT), and foreign nationals have 100% ownership. Individuals who invest in or establish a free zone company in these designated areas can also apply for the Dubai partner visa, with the free trade zone as their sponsor.

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However, the process to apply for the Dubai investor visa will differ for owners and investors of free zone companies. The application process and cost will vary depending on the free zone the company is located in, the nature of the business and other factors. To know more about Dubai free zone investor visa application process, contact the respective free zone.

Here are the contact details for popular free zones in Dubai. You can also check out the complete list of free zones in Dubai, that cater to different sectors such as media, healthcare and manufacturing.