Partner Visa Cost in Dubai: Your Comprehensive Guide
- August 7, 2024
- Posted by: fatma zahra
- Categories: Visa, Visa Process, Visa Services
The partner visa cost in Dubai is a prime opportunity for foreign entrepreneurs and investors eager to dive into the city’s flourishing business environment. This visa provides a fantastic chance for individuals to establish or expand their business ventures within this vibrant Emirate and beyond.
What We’ll Cover:
- What is a partner visa in Dubai?
- Requirements for obtaining a partner visa in Dubai
- Step-by-step application process for a partner visa
- How much is the partner visa cost in Dubai?
- Dubai and UAE partner visa rules
- Frequently asked questions about partner visa in Dubai
- Simplifying the complex visa application process
What is a Partner Visa cost in Dubai? And What is the partner visa cost in Dubai?
A partner visa is issued to foreign nationals who own a company, hold shares in an existing business, or wish to start a business in the UAE. This residency visa encourages international collaboration and foreign investment, allowing the holder to live and work legally in the UAE and sponsor family members. The visa is valid for three years and can be renewed.
Under this visa, foreign entrepreneurs can partner with a local Emirati sponsor who holds a majority share in the company, forming the basis for the visa application and enabling the foreign partner to work and reside in Dubai legally.
Requirements for Obtaining a Partner Visa in Dubai and what is the partner visa cost in Dubai?
Obtaining a partner visa in Dubai involves several specific requirements:
Partnership Agreement
A valid partnership agreement outlining the terms between the foreign national and the local Emirati sponsor, signed and attested by all parties.
Minimum Capital Investment
Foreign nationals must own shares in a company or invest in a business in Dubai, with a minimum investment of AED 72,000.
Local Sponsorship
A local Emirati sponsor must hold 51% of the company’s shares, acting as a local representative and supporting the visa application process.
Business Licensing
The company must be legally registered in Dubai with a valid trade license.
Proof of Financial Capability
Applicants must provide financial evidence, such as bank statements or audited financial reports, demonstrating their ability to support themselves and the business.
Valid Passport and Photographs
A passport with at least six months’ validity and recent passport-sized photographs.
Health Insurance
All residents, including partner visa holders, must have valid health insurance coverage.
Step-by-Step Application Process for a Partner Visa and what is partner visa cost in Dubai?
- Partner with Dubai Business Service: Get expert help to navigate the process.
- Partnership Agreement: Draft and sign a partnership agreement with your local Emirati sponsor.
- Company Formation: Register the company in Dubai and obtain the necessary trade license.
- Prepare Required Documents: Gather necessary documents such as the passport, visa application form, partnership agreement, trade license, financial documents, Emirates IDs, and health insurance certificate.
- Submit the Partner Visa Application: Submit the application and required documents to the appropriate authorities.
- Pay Partner Visa Application Fees: Pay the specified fees.
- Medical Examination: Undergo a medical examination at an approved facility.
- Approval and Visa Stamping: Once approved, get the visa stamped on your passport at the immigration office or designated centres.
How Much is the Partner Visa Cost in Dubai?
The cost of a partner visa in Dubai ranges from AED 1,000 to AED 13,000, depending on the type of investment or business. Visa fees and associated costs may change over time, so consulting with professional business setup specialists like Trade License Zone is advisable for the most current information.
Dubai and UAE Partner Visa Rules & what is partner visa cost in Dubai?
Key rules for partner visas in Dubai and the UAE include:
- Local Sponsorship: A local Emirati sponsor holding 51% of the company shares is required.
- Company Formation: The company must be a legally registered entity with a valid trade license.
- Share Capital Requirements: Compliance with minimum share capital requirements based on business activity.
- Partnership Agreement: A detailed partnership agreement is essential.
- Visa Duration and Renewal: Partner visas are valid for three years and can be renewed.
- Business Activity Restrictions: Certain business activities may have specific regulations or restrictions.
- Legal Obligations: Compliance with local laws, timely submission of financial statements, and adherence to tax obligations are necessary.
Frequently Asked Questions about Partner Visa in Dubai
How to Renew a Partner Visa? What is the partner visa cost in Dubai?
Renewing a partner visa involves gathering required documents, undergoing a medical examination if needed, submitting the renewal application, paying the renewal fees, and getting the visa stamped on your passport.
Can a Partner Work with This Visa?
Yes, a partner can work and engage in business activities within the company they are partnered with, residing legally in Dubai.
How Long Will a Partner Visa Take?
The partner visa application process typically takes 15 to 20 working days. Starting the process early and seeking professional guidance ensures smooth and timely processing.
Simplifying the Complex Visa Application Process
Obtaining a partner visa in Dubai allows foreign entrepreneurs to establish or expand their businesses. Though the process is streamlined, it remains complex, requiring a local Emirati sponsor holding at least 51% of the business. For expert guidance, partner with Dubai Business Service for smart business setup and support. With proper preparation, you can successfully obtain a partner visa in Dubai and seize growth opportunities in this dynamic city.
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