How to Get a Business Visa in the UAE?
Dubai is considered one of the most preferred destinations for entrepreneurs to set up their business. Due to the facility of no income tax, Dubai attracts Business owners from all across the globe and operates their companies there. A business visa is considered permission to enter the UAE and stay there for a specific period. The authorities offer business visas in UAE to business owners running an onshore or mainland company in the country.
Are you setting up a new business in the UAE? Then, keep on reading to know in detail about the application requirements and process of the business visa.
Different types of Business Visas
There are two different types of UAE business visas. They are as follows.
➡️Residence visa
These visas are granted to those business owners who are interested in relocating to Dubai and setting up their companies. To become eligible for this visa, you have to run a company for at least 6 months in the UAE. Residence visas can be valid from 2 to 10 years, and the business owners can reside in this country during this tenure.
Before getting the residence visa, you have to acquire an entry permit electronically. This permit will be valid from 1 to 6 months based on the residence type. During this time, you can submit the residence visa application, pass the medical examinations, and provide your biometrics to the authorities. After the approval of the residence visa, you will get it in the ID card form.
➡️Visit Visa
Visit business visa UAE is perfect for those who come here for business trips, want to attend any business conferences and meetings, or discover the necessary investment opportunities in the country. This type of UAE business visa is meant only for particular entries, which can be multiple or single times. Citizens of almost 81 countries can get a visa on arrival or can enter the UAE with no visa.
How to get a business visa in the UAE?
There are two ways through which you can get a business visa in the UAE.
1. Visa for single entry
This visa is ideal for you if you are coming to the UAE searching for business opportunities. Any entrepreneur or business owner can apply for this visa type if they want to examine the endless business opportunities or conduct thorough market research. A visa for single entry will remain valid from 1 to 4 months.
Anyone can apply for it online and select any one of the 3 options, stating a visa for single entry and searching for investment opportunities for 2, 3, or 4 months. After selecting the necessary alternative, fill out the entire form, upload the vital documents, and pay the required fees.
You have to upload your passport copy, qualification certificate, and a colored photo to the website. The authorities will send the visa directly to your email. The cost of a single entry visa includes the application charges and security deposit, depending on the validity of the visa.
2. Visa for multiple entries
Suppose you regularly visit the UAE for numerous business meetings, exhibitions, other events, or running the company, then this visa is appropriate for you. You can enter the country and stay there for up to 3 months. The necessary documents required for the visa application include:
- A photo.
- A passport copy.
- A bank statement for the last 6 months with a minimum balance of $4000 or more equivalent in any other currency.
- A traveling insurance policy.
The multiple-entry visa application fee is approximately $177 or AED 650. You have to select the option of a visa for multiple entry long-term tourism (5 years) for all nationalities.
Time for approving the business Visa UAE
The application can take up to 2 months for approval. Out of these 2 months, one month is for the initial review of the visa application and another month for meeting the requirements of ICA (Federal Authority for Identity and Citizenship).
What do you need to apply for a business visa in the UAE?
The requirements for a business visa vary according to the visa type you are applying for. But some of the most common documents involve:
- The Ministry of Economy signed the approval
- An audited account statement for the past 2 years
- Fund proof
- Traveling insurance
- Medical insurance
- A startup with a minimum revenue generation of $272000
- A company registered in the UAE
- Trading license
- A minimum 6 months validity passport
- Hotel reservation
- Returning flight ticket
Advantages of Business Visa UAE
A UAE business visa comes with the following advantages.
➡️Constructive tax and business environment
There are no corporate, property, or income taxes for UAE residents. The country signed Double Taxation Avoidance Agreements with over 90 countries, including Canada, France, Russia, China, India, and the United Kingdom.
➡️Employee residences
You can nominate up to 3 senior employees of your company to get a residence permit with the help of a business visa.
➡️Social advantages
UAE residents on business visas can get special discounts and offers for insurance, real estate, medical care, entertainment, and cars.
➡️Living outside UAE
If you are operating a business in another country, you can apply for a UAE business visa while living outside the nation. Before updating the conditions, the resident visa holder needs to stay in the country for a minimum of 6 months every year to maintain the necessary status.
Getting a business visa in UAE includes a lot of paperwork, hassle, and numerous visits to government offices. Thus, you can take the help of a reputed company like Flyingcolour, which will get your UAE business visa in no time at all. The experienced team of Flyingcolor will handle your visa application and ensure that it gets approved promptly and efficiently.
To learn more about business visa in UAE, book a free consultation with one of Flyingcolour team advisors, simply call +971 50 5585305 or send WhatsApp messages to +971 4 4542366. you can also drop an email to info (at) flyingcolour (dot) com.
Please note that this article has been published on 31/10/2023 in accordance with the federal policies and updates at the time of writing. For the latest info please talk to our consultant.
