Dubai has got it all: technological innovation, economic expansion, high quality of life, and continuous development. All this makes the city a magnet for investors.
In this article, you will learn how to get an Investor Visa in Dubai. We go over these things as we discuss further:
- Why invest in Dubai?
- An overview
- What exactly is an Investor Visa
- How does it even work?
- Eligibility for a Dubai Investor Visa?
- Visa’s validity period
- Benefits of Obtaining an Investor Visa
- How can you get an Investor Visa?
- Current investment demonstration
- Requirements for sponsoring family members
- How can Connect Group help you?
Why should you invest in Dubai?
Dubai is a great investment prospect because of its:-
- Tallest buildings
- Record-breaking statistics
- Opulence
- Economic growth in the upcoming years
- Global talent attraction
- Increased Foreign Direct Investment
- Impressive projects.
For all these reasons, we have compiled a list of all the top reasons why Dubai is a great place for you to invest in real estate.
Pay no annual property taxes
With no property or capital gains taxes, Dubai is the best place to invest. After purchasing the property, the owner has to pay only a one-time real estate transaction fee. And that is all!
Outstanding monetary rewards
Dubai has the world’s fifth best-performing economy. People investing in Dubai’s property benefit from these flexible payment plans:
- An interest rate of 4.5 percent for residents
- An interest rate of 5.5 percent for residents
Investors prefer Dubai because:
- It provides unparalleled financial security with an unlimited remittance limit
- It is a very stable currency
- It is rapidly developing into a solid investment option
- As the Emirate’s population grows, so does the demand for new homes. Dubai is expanding and so is its market
High rate of return on investment
Dubai is the best example of a ‘hybrid’ city. These cities are:
- Typically medium-sized
- Competing in specialized markets
- Benefit from access to large domestic markets
- Dubai’s location on the map grants it an undeniable luxury status
The Dubai real estate market is going through a process that will result in a more stable supply of high-quality homes.
An overview
The UAE, particularly Dubai, is a popular destination for foreign national investors and entrepreneurs looking to expand their operations into new markets because of its growth-oriented strategy. Dubai’s administration is constantly revising and establishing laws and regulations that will help the city’s economy and society grow.
As a result, laws, and regulations that are favorable to and encourage entrepreneurs and investors to pursue their goals are enacted.
What exactly is an Investor Visa, and how does it work?
The UAE government provides a variety of visas, each according to the purpose of your visit to the country. An Investor Visa is one of those types of visas. In this way, the UAE Investor Visa is granted to foreign investors or entrepreneurs who have set up businesses in the UAE.
The validity period of the visa
An Investor Visa is valid for three years from the date of issuance. If you want to renew your investor visa every three years, you have to go through the process of:
- Getting a medical exam
- Renewing your medical insurance
- Obtaining an Emirates ID
The benefits of obtaining an Investor Visa
An investor in Dubai has the following advantages:
- Resident Visa
- Sponsorship
- Travel with more ease
- Leaving the country
- A long-term visa
Residency
You become eligible for a three-year Dubai Resident Visa with an investor visa
Sponsorship of Family Members
With an investor visa, you can sponsor your spouse, children, or parents to become a permanent resident of the UAE.
Easier Travel
Travel becomes extremely simple if you have a Dubai Investor Visa. You can easily travel to any GCC country.
Out-of-the-country traces
With a Dubai Investor Visa, you can leave the country for up to one year at a time.
A long-term visa
An Investor Visa increases your chances of receiving the UAE Golden Visa in the future
How can you get an investor visa?
There are two options for obtaining a visa for Dubai investment:
- Forming a new corporation
- Current investment demonstration
What documents do you need to submit?
To apply for an Investor Visa, you set up your company and submit the following documents to the Dubai Immigration Department:
- A copy of the business license
- Visa cancellation documents
- A copy of your visitor or tourist visa
A copy of the business license
For partnership
A verified Copy of the company’s Memorandum of Association
For sole proprietorship
A legally certified Local Service Agent Agreement
Visa cancellation documents
A document indicating that an existing visa has been revoked
A copy of your visitor or tourist visa
Bring a copy of your visitor or tourist visa with you.
Step-by-step process
To get your Dubai Investor Visa, you are to complete all of the following steps:
1. Register the company with the Dubai Economic Department (DED).
2. Get your company’s establishment card
3. Apply for entry permission to the UAE
4. Getting medically examined
5. Fill out an application for an Emirates ID.
6. Attain adequate healthcare insurance coverage
7. Get the stamp of your Investor Visa on your passport.
It takes almost 15 to 20 days for the process. You spend this time doing the following:
- Register your new company in Dubai
- Obtain a trade license
- Complete the visa application process
- Have your investor visa stamped in your passport
Current investment demonstration
You can get an investor visa in Dubai without establishing an entirely new business by providing proof of your investment in Dubai to the Dubai Municipality.
If your proposal meets the UAE Government’s qualifying requirements, the Dubai Municipality will file a formal request with the Economic Department on your behalf. From there on, you will need to have the following things:
- The Economic Department will issue you a reference file number
- You will obtain an NOC (No Objection Certificate) from the Dubai Municipality
Requirements for sponsoring family members
To sponsor your family members as an investor:
- Your visa is stamped in your passport
- Go to the immigration department
- Apply for a resident visa for your family in the UAE.
To sponsor your family members, you share these documents:
- A rental agreement
- An attested marriage certificate
- An attested birth certificate
- Refundable payment
A rental agreement
A rental agreement for minimum two-bedroom house.
An attested marriage certificate
You provide an attested marriage certificate
An attested birth certificate
You show an attested birth certificate if you are sponsoring children
Refundable payment
A refundable payment of AED 1,500 for each sponsored family member
How can Connect Group help you?
Connect Group has been helping businesses in the UAE for over two decades now. We also assist in getting an investor visa. With our investor visa package, you can receive a license and visa to Dubai mainland. We will cover the renewal cost of your visa rest of your financial life, no sweat!
License and visa; but we will also cover the cost for renewing your visa for the rest of your financial life.
Would you like to contact us to obtain more information about how to obtain an Investor Visa in Dubai? If you have any questions, call us at +971 43 316 688 and let us answer any inquiries you may have. You can email us at contact@connectgroup.co as well. Following, you will talk to one of our representatives who will answer all your questions.
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