The partnership visa in UAE serves as a gateway for foreign entrepreneurs and investors aiming to delve into Dubai’s flourishing business environment. This visa provides a remarkable opportunity for individuals to establish or expand their business ventures within Dubai and beyond.

Key Topics Covered:

1. What is a partnership visa in UAE?
2. Requirements for obtaining a partnership visa in UAE
3. Step-by-step application process for a partnership visa
4. Cost of a partnership visa in UAE
5. Rules and regulations for partnership visas in Dubai and UAE
6. FAQs about partnership visas in Dubai
7. Simplifying the visa application process

What is a Partnership Visa in UAE?

A partnership visa in UAE is granted to foreign nationals who own a company, hold shares in an existing business, or aim to establish a new business in the United Arab Emirates. This residency visa fosters international collaboration and encourages foreign investment, allowing holders to live and work legally in the UAE and sponsor their family’s visas. The visa is valid for three years and can be renewed.

Under this visa category, foreign entrepreneurs can partner with a local Emirati sponsor who holds a majority share in the company. This partnership forms the foundation for the visa application, enabling the foreign partner to legally work and reside in Dubai.

The partnership visa facilitates business expansion or new ventures in Dubai, leveraging the city’s favorable economic climate, strategic location, and global connectivity. Dubai offers immense growth opportunities and profitability for foreign investors.

Requirements for Obtaining a Partnership Visa in UAE

To obtain a partnership visa in UAE, specific requirements must be met:

• Partnership Agreement: A valid, attested agreement outlining the terms and conditions between the foreign national and the local Emirati sponsor.
• 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 holding a 51% majority share in the company is required.
• Business Licensing: The company must be legally registered in Dubai with a valid trade license.
• Proof of Financial Capability: Financial documents demonstrating the applicant’s 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: Mandatory health insurance coverage for all residents, including partnership visa holders.

Step-by-Step Application Process for a Partnership Visa

1. Partner with Dubai Business Service: Collaborate with Dubai Business Service for expert guidance through the visa process.
2. Prepare Partnership Agreement: Draft a detailed partnership agreement with the local Emirati sponsor.
3. Company Formation: Register the company in Dubai and obtain necessary trade licenses and approvals.
4. Prepare Required Documents: Gather all necessary documents, including passport, application form, partnership agreement, trade license, financial documents, and health insurance certificate.
5. Submit Application: Submit the completed application form and required documents to the relevant authorities.
6. Pay Visa Fees: Pay the applicable visa fees.
7. Medical Examination: Undergo a medical examination at an approved facility.
8. Approval and Visa Stamping: Once approved, the visa is stamped on the passport at the immigration office.

Cost of a Partnership Visa in UAE

The cost of a partnership 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 can change, so consulting with business setup specialists like Dubai Business Service for up-to-date information is recommended.

Dubai and UAE Partnership Visa Rules

Key rules related to partnership visas in Dubai and UAE include:

• Local Sponsorship: Mandatory local Emirati sponsor holding a 51% majority share.
• Company Formation: The company must be legally registered and have a valid trade license.
• Share Capital Requirements: Compliance with minimum share capital requirements based on business activity.
• Partnership Agreement: A valid agreement outlining terms, profit-sharing, and responsibilities.
• Visa Duration and Renewal: Three-year visa with renewal options.
• Business Activity Restrictions: Compliance with regulations and licensing requirements for specific business activities.
• Legal Obligations: Adherence to local laws, timely financial statements, and tax obligations.

Frequently Asked Questions about Partnership Visa in Dubai

• How to Renew a Partnership Visa?: Gather the required documents, undergo a medical examination if needed, submit the renewal application, pay fees, and get the visa stamped.
• Can a Partner Work with This Visa?: Yes, partners can work and engage in business activities within their company.
• How Long Will a Partnership Visa Take?: The process typically takes 15 to 20 working days.

Simplifying the Visa Application Process

Obtaining a partnership visa in Dubai allows foreign entrepreneurs to establish or expand their businesses. While the process can be complex, partnering with local experts like Dubai Business Service can ensure smooth navigation through the application process, leading to successful business ventures in this dynamic city.