The Partner Visa UAE serves as a gateway for foreign entrepreneurs and investors eager to dive into the city’s booming business environment. This visa offers an excellent opportunity for individuals to start or grow their business ventures in this vibrant Emirate and beyond.

Overview of This Article:

• What is a Partner Visa UAE?
• Requirements for a Partner Visa UAE
• Step-by-Step Application Process
• Cost of a Partner Visa UAE
• Dubai and UAE Partner Visa Rules
• Frequently Asked Questions

What is a Partner Visa UAE?

A partner visa is issued to foreign nationals who either own a company, hold shares in an existing business, or aim to establish a business in the UAE. This residency visa promotes international collaboration and foreign investment, allowing holders to live and work legally in the UAE and sponsor family visas. The visa is valid for three years and is renewable.

Foreign entrepreneurs can partner with a local Emirati sponsor who holds the majority share (51%) in the company. This partnership is essential for the visa application, enabling the foreign partner to legally work and reside in Dubai. The partner visa facilitates business expansion or new ventures, leveraging Dubai’s favorable economic climate and strategic location.

Requirements for a Partner Visa UAE

To obtain a partner visa in Dubai, applicants must meet several criteria:

Partnership Agreement: A signed and attested agreement detailing the partnership terms between the foreign national and the local Emirati sponsor.

Minimum Capital Investment: Foreign nationals must invest at least AED 72,000 in a company in Dubai, whether new or existing.

Local Sponsorship: A local Emirati sponsor holding a 51% share in the company is required.

Business Licensing: The business must be legally registered in Dubai with a valid trade license.

Financial Capability: Evidence of financial capability, such as bank statements or financial reports, is required.

Valid Passport and Photographs: A passport with a minimum of six months’ validity and recent passport-sized photos.

Health Insurance: Valid health insurance coverage is mandatory.

Step-by-Step Application Process

1. Partner with Dubai Business Service: Get assistance from business setup specialists for the entire process.
2. Partnership Agreement: Draft and sign the partnership agreement.
3. Company Formation: Register the company and obtain necessary licenses and approvals.
4. Prepare Required Documents: Gather all necessary documents for the visa application.
5. Submit the Application: Submit the completed application form and documents to the relevant authorities.
6. Pay Visa Fees: Pay the specified visa fees.
7. Medical Examination: Complete a medical examination at an approved facility.
8. Approval and Visa Stamping: Once approved, get the visa stamped on your passport.

Cost of a Partner Visa in Dubai

The cost ranges from AED 1,000 to AED 13,000, depending on the type of investment or business. For the latest fees and guidance, consult with business setup specialists like Dubai Business Service.

Dubai and UAE Partner Visa Rules

Key rules for partner visas include:

• Local Sponsorship: A local Emirati sponsor with a 51% company share is required.
• Company Formation: The business must be legally registered with a valid trade license.
• Share Capital Requirements: Minimum share capital requirements vary by business type and industry.
• Partnership Agreement: A detailed and valid agreement outlining the partnership terms.
• Visa Duration and Renewal: Valid for three years, with renewal procedures in place.
• Business Activity Restrictions: Compliance with specific regulations and licensing requirements for certain activities.
• Legal Obligations: Adherence to local laws, timely financial statements, and tax obligations.

Frequently Asked Questions

How to renew a partner visa UAE?

• Gather required documents, ensure trade license is up-to-date, and possibly undergo a medical examination.
• Submit renewal application and documents to authorities.
• Pay renewal fees and get the visa stamped on your passport.

Can a partner work with this visa? Yes, partners can work and actively engage in business activities within their company.

How long does the partner visa process take? The process typically takes 15 to 20 working days. Start early and seek professional guidance to avoid delays.

Simplifying the Complex Visa Application Process

While obtaining a partner visa in Dubai involves several steps, partnering with Dubai Business Service simplifies the process. With expert guidance and thorough preparation, you can secure a partner visa and tap into the business growth opportunities in this dynamic city.