Investor Visa in Dubai

19.01.2024
Investor Visa in Dubai

The United Arab Emirates (UAE) Investor Visa represents a significant opportunity for foreign investors wishing to invest and grow a business in this economically prosperous region. It provides long-term stay and many benefits, including easy access to local markets and international trade networks. In 2024, taking into account the latest changes in the laws and economic policies of the UAE, the investor visa becomes more attractive, opening up new prospects for global investors.

What is a UAE Investor Visa?

The UAE Investor Visa is a special type of visa provided to foreign investors who are purchasing property in the country and seeking to establish or develop their business in the UAE. In this case, it is necessary to be the sole owners, without the participation of shareholders or partners.

Obtaining this type of visa is different from others.

Benefits of an investor visa

The UAE investor visa brings with it a number of significant benefits that make it attractive to investors and entrepreneurs. Let's look at some of them in more detail:

  1. Right to live and work: Having received an investment visa in the UAE, you have the right to live and work in the country. This opens up many opportunities for career and business development. It provides the holder with the right to live and work in the UAE, freely enter and exit the country throughout the entire validity period of the visa, open bank accounts, obtain a driver's license, resident identification card, and finance the entry of close relatives into Dubai (spouse, children, parents).
  2. Ease of property ownership: Property in this country can be a profitable investment with potential for growth in value.
  3. Access to business environment: The UAE is known for its favorable environment for entrepreneurship. It's easy to create and grow your business here.
  4. Tax incentives: The UAE provides tax incentives to investors and entrepreneurs, reducing the tax burden on your investments and profits.
  5. Opportunities for portfolio diversification: Investing in real estate and business in the UAE allows you to diversify your investment portfolio and reduce risks.

Requirements for obtaining an investor visa in 2024

There are different types of investor visas in Dubai, each of which provides certain benefits and has its own requirements. The larger the investment, the more prestigious and long-term the investor visa. An investor visa can be:

  1. 3-year for those who invest at least AED 750 thousand in real estate in Dubai.
  2. 5-Year Investor Visa: Designed for investors who are willing to invest larger sums in the Dubai economy. It is often associated with larger investment projects and enterprises.
  3. 10-year investor visa: the most prestigious and long-term investor visa. Designed for high-quality investors who invest significant funds in the country's economy.

To obtain an investor visa in the UAE, you must meet one of the criteria:

  1. Buy a property worth at least 1 million dirhams. In the case of a joint purchase, the share of each investor must be at least 1 million dirhams.
  2. Open or invest in a business in mainland Dubai or its freehold zones. Required to create or own a share in a company with a minimum capital of AED 72,000. Visa requirements may vary depending on the location of the zone and the type of business.
  3. Invest a certain amount into the UAE economy. For example, make an investment of at least 2 million dirhams in a Dubai investment fund; become the founder of a company in Dubai with a minimum authorized capital of 2 million dirhams; invest more than 2 million dirhams in the UAE economy, while the share of investments in real estate should not exceed 40% of the total investment.
  4. Use exclusively your own funds, without borrowing funds. It is required to provide documents confirming the availability of equity capital.
  5. Buy a property worth more than AED 10 million in a freehold area and become its owner. Construction of the property must be completed.
  6. Make an investment, capital investment or partnership interest in a company worth a minimum of AED 10 million. Key conditions include maintaining the business for three years and investing without the use of debt.

Visa application process

Selection and purchase of property:

Find a property in Dubai that suits your requirements and budget. Make sure that the price of the property meets the minimum investment amount required to obtain an investment visa.

Complete the purchase and sale transaction through an accredited agency or directly with the developer. The signed sales contract is the key document for the visa application.

Register the deal with the Dubai Land Department and receive a certificate of title.

Preparation of documents:

Gather all necessary documents such as passport, photo, property documents (purchase agreement), proof of solvency and, if necessary, bank statements.

Translate all documents into Arabic or English and have them certified if required.

Application Form:

Apply for an investment visa through the Dubai Government Portal or Visa Application Centre. In your application, please include detailed information about the purchase transaction and your investment.

Pay the state fee for processing the application. The amount of the fee depends on the type of visa and its validity period.

Passing a medical examination and obtaining a certificate of no criminal record:

Get a medical examination at one of Dubai's accredited medical centers.

Obtain a certificate of no criminal record from both your country and the UAE.

Waiting for a decision and obtaining a visa:

After submitting all documents and completing the necessary procedures, wait for a decision on your application.

Obtaining an investment visa,

After submitting all documents and passing, wait for a decision on your application. The entire process can take from several weeks to several months.

Potential difficulties when obtaining an investment visa to the UAE and how to avoid them

Obtaining an investor visa can be a complex process and there are often some mistakes and difficulties encountered.

  1. Errors in filling out forms, typos or incorrect dates, slow down the process or lead to refusal. Please check all documents carefully before submitting.
  2. Inconsistency of financial requirements. Make sure you meet the minimum financial requirements for the investment and that you can prove this through bank statements or other financial documents.
  3. Delays at immigration due to overload. Apply outside of peak periods.
  4. Problems with Medical Examination and Clearance Certificate: Make sure that you are undergoing a medical examination at an accredited center and that your Criminal Record Certificate is valid and properly completed.

In conclusion, the UAE Investor Visa provides a unique opportunity for foreign investors looking to invest and grow a business in the economically prosperous region. By meeting the required requirements and carefully following the application process, investors can successfully obtain a visa that opens the door to new opportunities and prospects in the UAE.

If you want to get an investor visa in the UAE, you need to purchase real estate in the country. Our specialists at Major Real Estate will help you choose a suitable property. We work with leading developers to offer a wide range of high quality properties in Dubai. Contact us via our contact form and we will help you find accommodation that suits your needs.

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