Dubai investor visa became one of the most discussed topics due to newly implemented rules and regulations. In order to attract more investors to the city, the government has implemented a 5-, 10-years Dubai investor visa. It will ease investor life and bring more opportunities when it comes to business set up and real estate investment. Dubai investor visa is another step towards improving the life of Dubai expats. But who can obtain Dubai investor visa and what are the different types of it?
Who can obtain Dubai investor visa?
There are certain limitations when it comes to Dubai investor visa. There are two main categories of people who can be eligible for Dubai investor visas such as investors in Dubai real estate or entrepreneurs, business owners. Even though being an investors or entrepreneur does not guarantee Dubai investor visa. In order to be eligible for the visa, your investment in Dubai real estate should be AED 1 million or above. When it comes to business owners – the cost of the business project should be equal or more than AED 500,000. Depending on the amount of the investment, an investor can be qualified for 3-, 5-, or 10-years Dubai investor visa. So, what requirements should be met in order to be eligible for an investor visa?
Types of Dubai investor visa for real estate investors
Depending on the type of your activity (real estate investor or entrepreneur) you can obtain 3-, 5-, or even 10-years investor visa. What requirements should be met if you are a real estate investor?
3 years Dubai investor visa
In order to be eligible for 3 years investor visa, your total investment should be AED 1 million or above in one property out of maximum 3. An investor is eligible for property visa against Dubai property as long as the purchase value is AED 1 million or above and an investor has paid off 50% mortgage. If the property is financed, an investor should be mentioned as the owner of that property as if the bank is mentioned as the owner – visa application can be rejected.
Acceptable Properties for Dubai Property Visa:
- Apartment;
- Services Apartment;
- Villa/ Townhouse;
- Hotel Apartment;
- Hotel Room;
- Office;
- Warehouse.
Note: The property should be in a freehold area. If you have purchased (leased) property in a leasehold area, you are not the rightful owner of that property. Your title deed, in this case, will specify for how many years you have leased the property
Not Acceptable Properties for Dubai Property Visa:
- Leasehold Property
- Off-Plan Property
- Disputed Property
5 years Dubai investor visa
If your total real estate investment is 5 million and above, you can obtain 5 years Dubai investor visa. One of the main advantages of this visa is that it is an open visa. It means that investor does not have a minimum time limit for which he must remain in the UAE to keep the visa active.
10 years Dubai investor visa
This type of visa requires an investment of AED 10 million and above. Investors in public investments through a deposit, an established company, business partnership – as long as non-real estate investments are not less than 60% of the total investment. The new visa is an open one. There is no minimum time limit for which the investor must remain in the UAE to keep the visa active.
Types of Dubai investor visa for entrepreneurs
An entrepreneurs or business owners are eligible for 5 years Dubai investor visa. There are two categories of entrepreneurs who can get 5 years visa.
- Those having a previous project with a minimum of AED 500,000, or having the approval of an accredited business incubator in the country.
- Entrepreneurs will be granted a 5-year visa with a possibility for upgrading to an investor visa provided they meet the requirements. Main benefits of the entrepreneurial visa cover entrepreneurs, partners, 3 executive directors, spouse, and children. The entrepreneur is allowed entry into the country for 6 months, multiple-entry visa period, with renewal for another 6 months. New visa is an open one which means there is no need to enter the country every 6 months in order to keep it valid.
An additional advantage of the entrepreneur’s visa is that it can be upgraded into real estate investor visa, only if needed requirements are met by the investor.
Needed documents for entrepreneurs or business investors
- Passport copy (color)
- One photograph (white background)
- Memorandum of Association Copy (for LLC)
- Trade License Copy
- Partners List (in case of the partnership of LLC)
- Service Agent Contract Copy
- Partnership Contract Copy
- Original Emirates ID of Partner / PRO
- Immigration Establishment Card Copy
Document required for Medical
- Typed Application for Medical Check-Up
- Copies of Passport
- Copies of Visa
- 2 Photographs (white background)
Documents required for Visa Stamping
- One photograph (white background)
- Typed form for Emirates ID
- Original Visa
- Original Medical Certificate
- Passport
- Immigration Establishment Card
- LLC Agreement (for LLC)
- License (Commercial License, Professional License, etc.)
- Partners List Copy
Needed documents for real estate investors
Documents Required for 6 Months Dubai Property Visa
- Original Title Deed
- Original Passport
- Conduct Certificate from Dubai Police
- NOC from Developer
- Current Visa Copy
- 1 Passport Size Photo (white background)
NOTE: The above documents have to be submitted in General Directorate of Residency and Foreign Affairs Dubai.
Documents Required for 3 Years of Dubai Property Visa
- Original Title Deed
- Original Passport
- Good Conduct Certificate from Dubai Police
- Current Visa Copy
- 1 Passport Size Photo (white background)
Whether you are an investor or entrepreneur, you can obtain Dubai long-term investor visa of 3-, 5- or 10 years, depending on your total investment.
For more information contact our specialist at info@universalprime.ae or 04 277 8034.