Dubai has been one of the most famous destinations for investors around the world. Dubai offers investors a range of opportunities in various sectors, including real estate, tourism, technology, and finance. One of the benefits of investing in Dubai is the ability to obtain an investor visa in Dubai, which provides numerous advantages and allows investors to live and work in the city. In this guide, we will concern everything you ought to know about the Dubai investor visa, including its benefits, necessities, and application process.
What is a Dubai Investor Visa?
An investor visa in Dubai is a kind of residency visa that is granted to foreign investors who wish to invest in Dubai. The visa allows investors to live and work in Dubai for a specified period, which varies depending on the type of visa and investment amount. The investor visa is granted to individuals who invest in a company or business in Dubai or buy property in the city.
Benefits of a Dubai Investor Visa
There are several benefits of obtaining an investor visa in Dubai, including -
Residency - The investor visa in Dubai allows investors to live and work in Dubai without the requirement for a sponsor. This provides greater flexibility and independence compared to other types of visas that require a sponsor.
Business opportunities - As an investor, the Dubai investor visa allows you to explore business opportunities in Dubai and the wider UAE. You are able to begin your own business, invest in a running business, or partner with local companies.
Family sponsorship - The investor visa in Dubai also allows investors to sponsor their family members, including spouses, children, and parents. This means that your family can also live and work in Dubai.
Bank account - With a Dubai investor visa, you can open a bank account in Dubai and enjoy access to a range of financial services.
Tax benefits - Dubai has a favorable tax regime, and as an investor, you can benefit from tax exemptions on income and capital gains.
Requirements for a Dubai Investor Visa
To obtain an investor visa in Dubai, you must meet the following requirements –
Investment amount - The minimum acquisition amount differs relying on the kind of visa and investment category. Generally, investors are required to invest a minimum of AED 1 million in a new business or AED 10 million in an existing business or property.
Business ownership - Investors must own at least 51% of the business or property they are investing in. The remaining 49% can be owned by a local partner or sponsor.
Proof of investment - Investors should give evidence of acquisition, such as a certificate of incorporation, trade license, or property deed.
Health insurance - Investors are required to have health insurance plans for themselves and their family members.
Criminal record - Investors are required to obtain a police clearance certificate from their native country and to have a clear criminal record.
Application Process for a Dubai Investor Visa
The application process for an investor visa in Dubai is as follows -
Choose an investment category - Investors must choose an investment category based on their investment amount and business or property ownership.
Submit application - Investors must submit their application for the investor visa, along with all the necessary documents, to the Dubai immigration authorities.
Approval - Once the application is approved, investors will receive an entry permit, which allows them to enter Dubai.
Visa stamping - Investors must then visit the General Directorate of Residency and Foreigners Affairs (GDRFA) to complete the visa stamping process and obtain their investor visa.
Renewal - The investor visa in Dubai is useful for three years and can be renewed after expiration.
The investor visa in Dubai is an attractive option for investors who wish to live and work in Dubai. The visa delivers a number of advantages, including residency, business prospects, and tax benefits.
Source: feedingtrends