Eligibility Criteria for Indian Investors in Dubai

Indian entrepreneurs and investors seeking to establish business in Dubai can benefit significantly by securing an investor visa. This visa not only provides residence assurance but also offers several advantages such as tax exemptions and the ability to bring family members to live in the Emirates. Depending on your business aspirations, you can choose from a 2-year, 5-year, or 10-year investor visa in the UAE.

What is the Dubai Investor Visa?

A Dubai Investment Visa, also known as a partner visa, is issued to foreign nationals who want to start a company in Dubai or invest in an existing one. This visa allows them to live and work in the Emirate and also bring in their family members.

Who Can Apply for an Investor Visa in Dubai?

To apply for an investor visa in Dubai, you must meet specific eligibility criteria. This visa is granted to individuals who either:

• Invest in existing firm shares with a minimum value of AED 10 million.
• Establish a new company with a capital investment of AED 10 million.

Eligibility Criteria for Obtaining the Dubai Investor Visa

To prove eligibility for an investor visa in Dubai, the following documents and requirements must be met:

1. Investment Proof: Evidence of qualifying investment in Dubai, whether in the form of shares in an existing company or capital for a new business.
2. Financial Support: Demonstration of financial capability to sustain living in Dubai.
3. Medical Test Report: A mandatory medical examination to ensure the applicant is in good health.
4. Police Clearance Certificate: A certificate proving no criminal record.

Types of Investor Visa

1. 2-Year Investor Visa: This visa requires an investment of AED 12,500 to AED 25,500 in a business. It is renewable for an additional two years as long as the investment is maintained.

2. 5-Year Investor Visa: Granted to those making substantial investments in real estate in the UAE, amounting to at least AED 5 million. The investment should not be loaned and must be maintained for three years.

3. 10-Year Investor Visa (Golden Visa): Requires a minimum investment of AED 10 million in the public sector or shares in an existing firm. This investment should not be loaned and must be maintained for at least three years. Specialized talents in science, healthcare, and technology may also be eligible.

Cost of Investor Visa for Dubai

Each phase of the visa application procedure incurs specific fees:

• Entry Permit: AED 1,000 to AED 1,100
• Change Request: Around AED 670
• Visa Stamping: Approximately AED 900
• Medical Assessment and Emirates ID: Additional costs apply

Steps to Register for a UAE Investor Visa

1. Submit an Application: Prepare and submit your visa application at a local typing center.

2. Complete the Change Status Request: Await approval from the General Directorate of Residency and Foreigners Affairs Dubai (GDRFA) and complete the change status procedure.

3. Medical Examination: Undertake a mandatory medical examination at an authorized center.

4. Emirates ID Typing: Complete the Emirates ID typing process, including fingerprint authorization if required.

5. Visa Stamping: Have your residency visa stamped by the appropriate authority.

Benefits of Investor Visa for Dubai

• Residence Assurance: Secure your stay in the Emirates with the possibility of visa extension.
• Family Sponsorship: Sponsor immediate family members, including parents, spouse, and children.
• Easy Travel: Enjoy hassle-free travel within the UAE and other GCC regions.
• Golden Visa Eligibility: Apply for a prestigious UAE residency visa with extensive personal and corporate benefits.

Documents Required for Investor Visa in Dubai

• Copy of your passport
• Personal photograph meeting government standards
• Memorandum of Association (MoA)
• Valid trading license
• Immigration establishment card

Conclusion

The process for obtaining a Dubai Investor Visa is well-defined and regulated by the UAE government. If your business model and investment strategy meet the requirements, you should consider applying for one to take advantage of the numerous benefits it offers. Professional business advisors can assist you in navigating the legal formalities and ensuring a smooth visa procurement process.

Also Read: A Guide for tax planning in Dubai.