- July 29, 2020
- Posted by: DBS Editorial Team
- Category: UAE Investor Visa
All you need to know about investor visa in the UAE
If you are planning to start a company and want to know how to get an investor visa in Dubai or anywhere across the UAE, here is all you need to know!
What is an UAE investor visa?
An investor visa in the UAE is like a permit to stay, work and conduct business activities in the region. An investor visa or partner visa is perfect for foreign nationals who want to start their own business, buy a business or capitalise over an existing business. Investor visa in the UAE is also referred as partner visa. A partner or investor visa in the UAE is issued by the Ministry of UAE for a duration of 3 years.
What are the documents required to acquire an investor visa?
To apply for investor visa in UAE, we need the following documents:
- The Trade License Copy
- Establishment Card Copy
- Memorandum of Agreement Copy
- Colour Passport Copy
- Photographs on White Background
- 6-Month Bank Statement
- Visit Visa Copy or Cancellation of Visa from Previous Company.
- Service Agent Contract
- List of Partners in The Company
- Copies of Immigration Card
- Partnership Contract (For professional licenses only)
The Immigration Department in the UAE takes hold of these documents to process the visa. Meanwhile, a pink slip is generated that provides with a temporary authorisation for residency.
How much does a UAE investor visa cost?
Currently, to get an UAE investor visa for an individual staying within the country costs AED 1,200. Whereas if the individual is outside the country the investor visa costs AED 450. This cost changes with time and also may vary for certain business activities. It is best to consult an expert and get the right costs. Book a free consultation here https://www.dubaibusinessservices.com/contact-us/
What are the medical procedures and documents required to get an investor visa?
The medical procedures for an investor visa in the UAE must be done in a timeframe allotted by the immigration department. A routine medical check-up is conducted that includes a blood test, X-ray, fingerprints and eye scan.
The typed medical application, typed visa application, copies of passport and two photographs are the documents required for medical procedure.
What are the documents required to get your investor visa stamped?
- Visa Stamping Application Form
- One Photograph for Visa Stamping Application
- Original Visa
- Emirates ID Application Form
- Original Medical Certificate
- Original Passport
- Immigration Establishment Card
- LLC Agreement (In Case Of LLC)
- List of Partners
- Other Licenses
After collaborating the documents, it is submitted to the Tasheel Center. Other necessary papers are also submitted depending on the business activity and license type. Such the company agreement, the bank guarantee documents, immigration fees, quota approval fees, labour card fees, etc.
What is the procedure to transfer a visit visa or an employee visa to an investor visa? What are the required documents?
To transfer a visit visa or an employee visa to an investor visa in the UAE you have to cancel the old visa. Once the old visa is cancelled, apply for the new investor visa by submitting the license copy, establishment card copy, and memorandum of agreement. Also, colour passport copy, photo with white background and 6-month bank statement is needed. The visit visa copy or cancellation of visa from previous company must also be submitted
How to renew an investor visa in the UAE?
An investor visa can be renewed if the validity of the investor visa is less than 6 months. To renew an investor’s visa the following documents must be submitted:
- The copy of medical approval
- Emirates ID application,
- Insurance copy,
- Photo with White Background,
- 6-month bank statement,
- Company License,
- Establishment Card
Currently, it costs AED 900 to renew an investor visa in the UAE. However, this can change with time and vary depending on the license type. Consult an expert to know the definite cost of renewing an investor visa.
How many months must the passport be valid to apply for an investor visa in the UAE?
Investor visa cannot be applied if the applicant’s passport has less than 3 months of validity. In order to apply for an investor visa, the passport should be valid for at least more than 6 months.
If the partner of company has been outside UAE for over 6 months, will the investor visa be cancelled?
No, an investor visa cannot be cancelled if the individual has been outside the UAE for over 6 months. In order to cancel an investor visa, the individual must be outside the country for over 12 months.
What are the documents required to cancel an investor visa?
- The license copy,
- Establishment card copy,
- Passport copy of partner,
- Visa copy of partner / partners
- Share of sales or NOC from local sponsor to cancel the partner visa.
How to cancel the UAE investor visa, if the partner is not present in the country?
If the partner of a company is outside the country, then the following documents will be required to cancel the Partner’s Visa:
- Company license copy,
- Establishment card copy,
- Passport copy,
- Visa copy,
- Exit details of the person from the immigration
- NOC from local sponsor
Do you have more requires? Talk to an expert from DBS Business Setup.
We do not only help you with company registration in the UAE, but also ensure that your visa and immigration requirements are met thoroughly.
For more doubts book a free consultation! Call us on +97145667485 or WhatsApp +971555813673 to request a call back. You may also submit you enquire here https://www.dubaibusinessservices.com/contact-us/