Everyone knows the value of UAE economy, which has adopted a different approach in recent years. Instead of relying on the oil economy and related industries, it has shifted its dependence on various other activities, especially to the services sector, real estate and tourism. This has led the state officials to develop laws that are in line with the aspirations of those wishing to invest in the UAE and to simplify the procedures for their stability and to carry out their investment activities easily. This is where investor visa in UAE comes into picture. There are also number of ways to get the residence visa in UAE.
What are the conditions for obtaining investor visa in UAE and what are its advantages?
First, when we talk about an investor visa, we have to understand what it means. An investor visa can be obtained by someone who setup mainland or Free Zone Company in United Arab Emirates. It gives the investor the advantage of staying in the UAE for three years, and in some cases, up to 10 years. According to the value of the invested capital, it can guarantee his family also eligible for residence visa for the same period, which is renewable every three years. In order to obtain an investor visa, you must have a shareholding in the UAE, in any mainland company or free zone company, and this investment is not restricted by the value of the capital.
Procedure for obtaining an investor visa in UAE
Firstly, you need to choose the activity that you would like to start in, whether 100% as your own individual establishment or as a multi-partner company or as a limited liability company etc. This step is very crucial and it is recommended to get advice of business setup professionals who specializes in the field of business setup in UAE.
Second, you need to decide whether to obtain investor visa inside or from outside UAE
If you are outside UAE, you can obtain a visa to enter the UAE as an investor. Of course, it differs from visit visa, which allows you to enter in UAE.
If you are in the UAE, whether you are on a visit visa with a passport (for nationalities that do not need a visa to visit the UAE) or if you are sponsored by a private or government organization and you want to establish your own business, you can get an investor visa with simple documentation.
Documentation for investor visa in UAE
After establishing a company and obtaining the trade license and the immigration card , the required documents should be submitted. These documents are as follows:
- Copy of Passport
- Photograph for Visa Application
- Copy of Memorandum of Association (for LLC)
- Trade License Copy
- Partner’s List (for LLC)
- Copy of Service Agent Contract (for a professional license)
- Copy of Partnership Contract (for a professional license)
- Emirates ID of other partners
- Immigration Establishment Card copy
After obtaining the investor visa, the next steps are, changing the status, medical test, Emirates ID and medical insurance in order to stamp your investor residency for three years on the passport. This post is written by Mr.Faroussi. For more information, please contact Flying Colour Business Setup Services and talk to one of our business expert. We would love to be part of your success journey.